Prime Advantage Annual Survey of Financial Executives Reveals Confidence in Economy for 2015 among Midsized Industrial U.S. Manufacturers
CHICAGO, April 1, 2015 - Prime Advantage, the leading buying consortium for midsized manufacturers, announced the findings of its seventh edition of the CFO Survey, revealing the financial projections and top concerns of industrial manufacturing companies. The results show continued optimism in the economy and positive growth expectations in several industries as Members focus on strengthening their organizations for the future.
"In the race to achieve 2015 growth goals, our Members and Endorsed Suppliers are strapping on their mental hardhats and crafting inventive solutions with inspired business strategies on a daily basis," said Louise O'Sullivan, founder, president and CEO of Prime Advantage. "Our Members are leveraging digital tools, additive manufacturing and other advancements to operate more efficiently while building superior products. We are relentlessly dedicated to helping our Members and Endorsed Suppliers achieve continued success and we can't wait to see what they have in store for all of us."
In February 2015, Prime Advantage surveyed financial executives and leaders from Member companies, with annual revenues ranging between $10 million and $4 billion, of which the majority ranges between $20 million and $500 million. Member companies are U.S.-based manufacturers in more than 30 different industries, including commercial foodservice equipment, packaging, truck and trailer, material handling, food processing and construction equipment. Prime Advantage has polled its Members for their impressions of current economic conditions since February 2008.
*Graphics of survey data available upon request.
In the past 18 years, Prime Advantage has paid more than $155,000,000 in rebates and discounts to its manufacturing industry Members.