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Based on our research, consider investing more in technology. Continuous forecasting tools can give you more options for adapting your supply chain, upgrading factories, and testing AI. To fill immediate skill gaps, consider building your “outskilling” muscles—outside experts can also teach internal employees. To overcome negative economic forces, pass costs along to customers at least quarterly, and to run profitable international business, invest in more financial talent.
This research is drawn from two surveys we conducted into 400+ private companies, as well as third-party and U.S. economic data and Citrin Cooperman’s many years of experience as an advisor to some of the largest private manufacturers and distributors.
Citrin Cooperman's Private Company Performance Report
Manufacturing and Distribution Pulse Survey Report
Focus on These 5 Areas to Elevate Your Manufacturing and Distribution Business Performance
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EBITDA is a powerful drug and owners are optimistic about the future — 71% believe economic conditions will improve further over the next 12 months, and are investing capital accordingly. That future growth is of course dependent upon their ability to improve their distribution channels and expand customer options and we believe ecommerce will be key to that. As will advanced analytics and a best-in-class ERP system, carefully considering all the financial and tax implications of capital expenditures, and meeting increased complexity with a team of talent.
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of manufacturers and distributors grew EBITDA
said product performance improved
challenge is now inflation, which overtook supply chain
anticipate higher inventory costs in the next 12 months
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THE 2024 REPORT
In this first ever opportunities report, we explore the financial opportunities that lie within major trends now buffeting the market. Is your monthly forecasting frequent enough? How can you manage rising labor costs? How can you better pass along costs to customers? All that and more, based on new research into 400+ private companies.
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