Equipment Manufacturers Report Positive Outlook for 2021
According to a new survey released by the Association of Equipment Manufactures, the sector has a positive outlook on 2021. The survey found 88% of manufacturers report a positive outlook for the year ahead, while more than half expect sales to increase or remain stable despite the ongoing impact of the global pandemic. The on-line survey was targeted to employees of AEM member companies and includes results from more than 130 respondents, including CEOs, vice presidents, and sales and operations leaders, among others.
AEM President Dennis Slater said, “Equipment manufacturers have begun to turn the corner.”
Looking at the biggest challenges facing company executives and the equipment manufacturing industry as a whole in 2021, respondents indicated that the lingering COVID-19 pandemic and keeping employees safe and on the job remain the top concerns, followed by finding skilled workers for new jobs being created. One in eight respondents said that COVID-19 will have a lasting impact on how they work.
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