BDO CFO OUTLOOK SURVEY: MANUFACTURING GROWTH IN A CONNECTED ECONOMY
31 March 2020
The manufacturing industry is the heart and soul of America including: its creators, builders and manufacturers. The digitalization of business does not minimize the role of manufacturers as an engine of economic growth and industrial innovation, but it does.
As we enter a new decade, manufacturers face unprecedented pressure. They must deal with the constant changes in trade policy, economic uncertainty, increased competition and disruption of 4.0 industry.
Industry Financial Directors are preparing for a change in economic conditions: 53% of CFOs anticipate a recession over the next two years, but 77% expect an increase in revenue over the next 12 months, according to the outlook of the BDO Manufacturing Survey 2020.