Stat Library

Top manufacturing growth opportunities:

1. New product or service offerings
2. Technology changes/disruption
3. Commercial operations optimization
4. Updated product/service mix
5. New markets/customer bases

Top manufacturing growth challenges:

1. Workforce challenges
2. Technology changes/disruption
3. Energy costs
4. Interest rates and cost of capital
5. Environmental/sustainability concerns

68% of manufacturers expect increased technology budgets over the next year

Top manufacturing investment priorities:

1. Sales and marketing
2. Product development
3. Technology
4. Manufacturing process efficiency
5. Supply chain

79% of manufacturers say channel partners strengthen their brand — up from 63% in 2020

70% of manufacturers say channel partners drive significant market share

70% of manufacturers have field service operations

AI adoption among manufacturing organizations:

• 36%: Fully implemented
• 44%: Experimenting
• 15%: Evaluating
• 4%: No intentions to use

Top time-wasters for small business owners:

• Non-work-related distractions (57%)
• Procrastination (47%)
• Waiting for status updates from multiple tools and stakeholders (28%)

The average small business owner uses four different tools, apps, or programs throughout the workday.

Small business owners lose an average of 96 minutes of productivity daily to tasks they deem unproductive.

17% of small business owners say context switching between multiple apps and tools leads to wasted time.