RSM’s Ryan McGurk, National Graphics’ Michele Etzel, Stanley Black & Decker’s Graham Robinson, and CompassMSP’s Ari Santiago review the findings of the 2021 Connecticut Manufacturing Report at the October 29 Made in Connecticut: 2021 Manufacturing Summit in Trumbull.
This year’s report captures how the state’s manufacturing community is navigating coronavirus pandemic disruptions, transitioning from what essentially was survival phase to pursuing growth opportunities.
It also reveals the factors behind that cautious optimism, with many manufacturers experiencing jumps in profitability, sales, and economic outlook.
And it spotlights the most significant issue facing the industry, and the country: the labor shortage.
Nearly nine in 10 (88%) of manufacturers report difficulties finding and retaining workers, a 17-point jump from last year, and 41% describe the labor shortage as the state's main obstacle to growth.
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