Prime Advantage, the leading buying consortium for industrial manufacturers, has completed its third annual survey of Member company finance executives. Through this research, we report on the most critical issues currently facing Prime Advantage Member companies.
Prime Advantage surveyed a cross section of finance executives from Member companies, which are industrial manufacturing firms from various sectors with annual revenues ranging between $10 million and $10 billion. Member companies provide equipment in over 25 different industries, including commercial foodservice, packaging, truck/trailer, material handling, food processing, and construction.
CFO Outlook Survey In the News
CFOs predict increasing revenues, capital investments and hiring while expressing concern about health care costs, maintaining margins and the competition for skilled labor.
[ Press Coverage: Electronics Purchasing Strategies, Equipment Finance Advisor, The Fabricator, Illinois Manufacturers' Association, Industrial Distribution, Manufacturing.net, Manufacturing Business Technology, Material Handling & Logistics, New Equipment Digest ]
CFOs anticipate increase in revenue, plan capital investments and hiring while still concerned about health care costs and maintaining margins.
CFOs anticipate increase in revenues and new orders, and plan capital investments and hiring
Prime Advantage, the leading buying consortium for midsized manufacturers, announced the findings of its fourth annual Group CFO Survey, revealing financial projections and top concerns of its Member companies’ CFOs in 2012. CFOs continue to see solid signs of the economic recovery in U.S. manufacturing. While Member companies are planning more hiring, wage increases, and capital expenditures, the availability of skilled workers is a growing challenge.
The third annual Prime Advantage Group CFO Survey shows that industrial manufacturing CFOs are seeing solid signs of the economic recovery in U.S. manufacturing and planning more hiring and capital expenditures this year. Hiring plans may be limited, however, by a shortage of skilled machine operators and welders and an increase in health insurance costs.
[Survey Press Coverage: Food Manufacturing, InsuranceNewsNet, iPurchase, Manufacturing.net, Manufacturing Business Technology, Quality Magazine, Supply & Demand Chain Executive, ThomasNet Industry Market News]
Despite Rising Energy Costs and Dim Employment Data, Small and Midsized Manufacturers See Signs for Optimism. Prime Advantage, the leading buying consortium for midsized industrial manufacturers, announced the findings of its Group CFO Survey, revealing the top financial concerns of its member companies’ CFOs in 2010.
[Survey Press Coverage: Automation World, Business Insider, dBusinessNews, Logistics Today, ManagingAutomation.com, Manufacturing.net, MFRTech.com, Modern Metals, Seeking Alpha, Supply & Demand Chain Executive, ThomasNet]
Prime Advantage announced the findings of its first Group CFO Survey, revealing the top financial concerns of its member companies’ CFOs in 2009. Among the top findings from this study is that the credit crunch is not yet having an adverse direct impact on these midsized U.S. manufacturers. Instead, other factors that are related to the economy are creating more pressing issues.
[Survey Press Coverage: Business Wire, Forbes.com, Industry Week 1, Industry Week 2, Manufacturing Business Technology, Manufacturing.net, Market Watch, ModernMetals.com, PR-Inside.come, Quality Magazine, Reliable Plant Magazine, SMT Magazine, Yahoo Finance]