Industrial Manufacturing (IM) CEOs Confident in Achieving Business Growth
8-1-2008
CEOs rate the top-three opportunities for growth as new product development, geographic expansion, and better penetration of existing markets, with roughly a quarter of executives (26 percent) citing each of these factors. Mechanical engineering underpins the IM sector, so it's not surprising that new product development rated highly.
Industrial manufacturing CEOs are keenly aware of the importance of technological innovation as well - three-quarters of those responding are looking to technological innovation as a source of competitive advantage, compared to 65 percent of respondents across all industries, and nearly a third (30 percent) rate it as their main means of achieving growth, compared to 22 percent across all industries. This result reflects the increasing importance and sophistication of technology in all sorts of machinery, equipment and physical plant.
Project Announcements
Lactalis USA Upgrades Walton-Buffalo, New York, Production Operations
07/18/2025
Brawo USA Forges Expands Laurens County, South Carolina, Operations
07/18/2025
Rolls-Royce Solutions America Expands Graniteville, South Carolina, Assembly Operations
07/18/2025
Aerial Machine & Tool Corporation Expands Patrick County, Virginia, Operations
07/18/2025
Meridian Biotech Plans Franklin County, Kentucky, Aquaculture Product Operations
07/18/2025
Module Design Expands Allegheny County, Pennsylvania, Operations
07/14/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
In Focus: AI Is Changing Incentives Math
Q2 2025
-
How to Choose the Right Site for Your Factory in 2025’s Volatile Landscape
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025
-
Manufacturing’s New Risk Game for Site Selection
Q2 2025