MiMfg Magazine March 2018 | Page 14

14 MiMfg Magazine March 2018 2018 Manufacturing Outlook Over the last ten years, Michigan has gone from a state on the brink of collapse to the Comeback State. The 2018 Michigan Manufacturing Survey was conducted from 1/20/18 to 2/16/18 and included responses from all areas of industry. Check out the data below for insight into manufacturing’s 2018 outlook, the industry’s top challenges and more. Top Three Business Challenges I am optimistic about my business for next year. 53% 82% 100% 2018 2018 Growing revenue, increasing profit or 33 improving sales 75% 50% 25% 0% % • 55% 2017 53% 2016 36% 7 6 201 % • 41 2018 Benefits and health care 36% 2016 201 2017 • 20 17 6 201 2018 % • 43 78% 2018 66% Talent, workforce development • 20 17 • 016 2 56% Association Satisfaction MMA is a reliable source for information. MMA understands the issues important to manufacturers. 93% 94% agree agree MMA values my membership. 81% agree *