2023 Business Barometer Report Finds Manufacturers on Track to Invest in Improving Efficiency
According to a report by Umpqua Bank, the majority of manufacturing executives across the country are focused on efficiency to drive profitability in the next year. Plans to increase efficiency include programs to continue to digitalize areas of the business, invest in tools to further protect their payments systems, which will also improve cash management, and to enhance automation — the number one priority to manage potential revenue challenges.
These insights are part of a nationwide survey of small and middle market companies across the United States conducted by Umpqua Bank as part of its annual 2023 Business Barometer report.