Apr 23, 2025   SOURCE: PR NewsWire

Aprio Survey Reveals Manufacturers Must Remain Agile to Achieve Growth in Rapidly Shifting Global Landscape

Significant Untapped Opportunities Remain to Improve Efficiency, Reduce Costs and Strengthen Long-Term Business Continuity

ATLANTA, April 23, 2025 /PRNewswire/ -- Manufacturers around the world are facing significant challenges and opportunities amid a volatile geopolitical climate and the threat of a looming trade war. Nearly a quarter of companies import more than half of their components, and almost a third spend $1 million or more on custom duties and tariffs, making them vulnerable to trade policy shifts, geopolitical risks, and logistics bottlenecks. While many companies recognize supply chain risks and the need for operational improvements, most are slow to act and take proactive measures.

These are among the findings from the second annual U.S. National Manufacturing & Distribution Study from Aprio, the 24(th) largest business advisory and accounting firm in the U.S. The study is designed to help manufacturers benchmark the effectiveness of their operations as they drive efficiency and growth.

"Manufacturers and distributors are grappling with unprecedented challenges, yet the latest iteration of Aprio's U.S. National Manufacturing & Distribution Study reveals significant opportunities to automate processes and adopt supply chain best practices," said Adam Beckerman, Manufacturing and Distribution Leader at Aprio. "These improvements can drive more efficient reporting and production - ultimately enabling growth and positioning businesses to win in a complex global trade environment."

This year's study, which gathered responses from executives at companies with headquarters in 34 states, representing more than 20 industries, finds that many industrial companies continue to face challenges and have substantial opportunities for improvement across critical functions. Some of these critical findings include:

    --  Supply Chain: Most companies continue to experience supplier problems,
        especially product delays and product defects. Yet more than half of
        companies don't assess many supplier criteria. The top criteria assessed
        are quality/reliability (just 48% of companies), total cost (46%), and
        productivity (42%). Moreover, supply chain best practices are ignored,
        with only 36% of companies sharing forecasts with primary suppliers.
    --  Information Technology: Nearly half (48%) of companies experienced at
        least one breach of networks and data in the past year, and 17% report
        five or more breaches. Yet, many best practices to improve cybersecurity
        are ignored by high percentages of companies. Even the most-used
        approaches are deployed at only half of companies, like cybersecurity
        training (52% of companies), cybersecurity policy (50%), and
        cybersecurity audits (46%).
    --  Workforce Management: Many companies continue to face annual labor
        turnover rates of more than 10% for frontline employees (42% of
        companies), managers and supervisors (30%), and senior
        executives/leadership (28%).
    --  Operations: Nearly two-thirds (66%) of companies empower half or fewer
        of frontline employees to solve problems, and 67% of companies report
        that half or fewer of their frontline employees are multi-skilled.

To learn more about the findings of the report, visit aprio.com.

About Aprio

Aprio is the brand name under which Aprio, LLP, and Aprio Advisory Group, LLC, deliver professional services. Since 1952, clients throughout the U.S. and across more than 50 countries have trusted Aprio for guidance on how to achieve what's next. As a premier business advisory and accounting firm, Aprio Advisory Group, LLC, delivers advisory, tax, managed, and private client services to build value, drive growth, manage risk, and protect wealth, and Aprio, LLP, provides audit and attest services. With proven experience and genuine care, Aprio serves individuals, entrepreneurs, and businesses, from promising startups to market leaders alike. Aprio has grown to 2,000+ team members providing solutions to clients in industries including Manufacturing and Distribution, Non-Profit and Education, Professional Services, Real Estate, Construction, Restaurant, Franchise & Hospitality, Government Contracting, and Technology. Aprio.com

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SOURCE Aprio