Insights on global growth, innovation and information technology
With employment and wages in the United States rising and the dollar gaining strength, it is tempting to think that the U.S. economy has recovered. Although expectations are not quite as high as they were at the beginning of 2015, the outlook for manufacturing remains positive and industry executives anticipate healthy profits to come in the next 12 months, according to the 2015 McGladrey Manufacturing & Distribution Monitor survey.
Industry executives in U.S.-based companies, however, are being challenged as never before by offshore competition. Because the U.S. economy has made the domestic market so attractive — and as other markets are less economically stable or saturated by local companies — more than half of the non-U.S. manufacturers planning to sell products and services outside their home countries are entering the U.S. market.