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
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024