[RESEARCH SPOTLIGHT] Economic Uncertainty Continues: Four Important Actions for a Possible Recession in Manufacturing
Is a recession coming in manufacturing?
Over the last several months, there has been a lot of talk in the United States, and around the world, about the possibility of a recession in the near future. According to the Bureau of Economic Activity, we may already be in one.
Coupled with the current period of high demand for goods - made more difficult by rolling, seemingly random supply chain shortages and endemic labor shortages across manufacturing and other labor sectors - this presents a unique situation.
Today’s demand is high and manufacturers are struggling to keep up, yet there are signs that in the next 12-24 months there may be an economic slowdown.
Are these warning signs real or a self-fulfilling prophecy?
In this Research Spotlight from LNS Research Analyst James Wells, we examine the results of our latest survey-based research on economic uncertainty among industrial organizations, revealing how manufacturers see these two contradictions and what their doing about it.
In this Research Spotlight, discover:
What four actions manufacturers should take now, whether you believe a recession is coming or not
How Leaders are turning uncertainty into an opportunity to pull ahead of the competition
The three themes emerging from the alignment of strategic objectives and priorities in preparing for a possible future of economic uncertainty
What can be done to prepare and stay one step ahead of seemingly endless Supply Chain upsets
Download the full research report below.
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