Kreischer Miller’s 2018 Greater Philadelphia Manufacturing Survey was featured in a June 25, 2018 article about current manufacturer sentiment in the Philadelphia Business Journal.
The article notes that while the level of optimism among area manufacturers is high in light of a continued industry comeback, there is serious concern about a lack of skilled workers to take the place of older employees who are retiring. This labor shortage poses a significant threat to the industry’s future growth potential.
The article also cites some other key takeaways from the survey results; namely, that 87 percent of respondents are optimistic about the U.S. economy, and nearly 59 percent expect their businesses and the economy to benefit from the Tax Cuts and Jobs Act in the next five years. However, the majority think that recently imposed trade tariffs will have a negative impact on their business and the U.S. economy as a whole.