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2017 National Manufacturing Outlook and Insights
Strategies to Overcome the Headwinds
2
Bill Kelso
Shareholder, LBMC
Audit & Advisory
_________________________________________________________________________________
(865) 862-3013
bkelso@lbmc.com
3
About the Respondents
4
About the Respondents
5
About the Respondents
6
Economic Outlook
Sources: IHS Markit, MAPI, Bureau of Economic Analysis, Trading Economics, FRED
7
Economic Outlook
8
2017 Survey Outlook
9
2017 Survey Outlook
2017 Key Strategies
for Success
11
Top Priorities for Manufacturers
12
R&D Investment
13
Capital Expenditures
14
Increasing Costs
15
Mergers and Acquisitions
16
Hiring Trends
17
Data and Technology
18
Audit, Tax and Advisory
Staffing Solutions
Technology Solutions
Employment Partners
Investment Advisors
Information Security
Physician Business Solutions
Business Process Solutions
Because we make every effort to
retain our personnel, we tend to
avoid troublesome turnover that
often plagues other organizations.
Our clients see familiar faces year
after year, developing great
working relationships and
improving project efficiencies.
Expect Continuity
As the 45th largest professional services and accounting firm, LBMC is recognized
as a solutions leader in accounting, tax, audit, consulting and advisory services,
human resources, staffing, investing, and technology. LBMC – more than you
expect, everything you need.
We attribute our growth to our commitment to client service, to the application of
creative and practical approaches in meeting our clients’ needs, and to the
enthusiastic support our clients have given to our results.
A Suite of Fast-Growing Companies
The LBMC organization began in 1984 with the formation of the CPA firm of
Lattimore Black Morgan & Cain, PC. Since that time, we have continually added
new service lines and operating companies - so you can focus on what you do best.
More than an Accounting Firm
19Nashville 615.377.4600 | Knoxville 865.691.9000 | Chattanooga 423.756.6585 | LBMC.com 19
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2017 National Manufacturing and Distribution Outlook Survey Report