According to an industry report from Sikich, nearly three-quarters of manufacturers and distributors are optimistic about their business prospects, and over half are looking to expand their workforce in the next six months.
Seventy-two per cent of respondents ranked their level of optimism at a seven or higher, on a scale of one to 10, in Sikich’s
Industry Pulse: Manufacturing and Distribution.
The report identified challenges manufacturers and distributors will face in the coming months:
While 56 per cent of survey respondents plan to grow their workforces, only 5 per cent are completely confident in their ability to obtain the talent required.
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Despite challenges around COVID-19, the industry looks forward to a robust 2021 and beyond as demand is booming and residential construction posts historically strong numbers. This year’s annual Industry Pulse survey looks ahead at the booming housing market while taking into consideration challenges around labor, material procurement, supply chain and heightened safety considerations.
Few would disagree 2020 was an unprecedented year. Based on last year’s Industry Pulse survey, most companies were optimistic about business conditions heading into a new decade. They were looking to innovate in the products they offered and ways they did business, and more than 80 percent of respondents anticipated moderate to strong growth. Then March came. The COVID-19 pandemic quickly dominated every headline and, as the severity of virus transmission increased, businesses temporarily shut down and leaders were tasked with navigating an uncertain future. Fortunately, the essential nature of
Irish consumer and business sentiment improves
Written by Robert McHugh, on 29th Dec 2020. Posted in Financial
Bank of Ireland has released its latest Economic Pulse survey which is conducted by Ipsos MRBI on behalf of Bank of Ireland with 1,000 households and approximately 2,000 businesses on a range of topics including the economy, their financial situation, spending plans, house price expectations and business activity.
The Pulse came in at 70.2 in December 2020. The index, which combines the results of the Consumer and Business Pulses, was up 3.2 on last month but down 12.8 on a year ago.
The backdrop to this month’s survey was mixed – the fieldwork was being out carried out as the country exited a six week period of Level 5 restrictions and as plans for the rollout of a COVID-19 vaccine were being drawn up; but also as the Brexit transition period neared its end date with no clarity on the nature of the future EU-UK trading relationship. So while the former lifte
Bank of Ireland s Economic Pulse picks up in December
Updated / Tuesday, 29 Dec 2020
10:35
The Bank of Ireland Economic Pulse came in at 70.2 in December, an increase of 3.2 on last month
The latest Bank of Ireland Economic Pulse increased in December, with both consumer and business sentiment improving against a mixed economic backdrop.
The Bank of Ireland Economic Pulse came in at 70.2 in December, an increase of 3.2 on last month but down 12.8 on a year ago.
Bank of Ireland said the backdrop to the December survey was mixed with the fieldwork carried out as the country exited a six week period of Level 5 restrictions and as plans for the rollout of a Covid-19 vaccine were being drawn up.
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