June 2022 – Manufacturing Sector Demand and Challenges
With the specter of pandemic shutdowns (hopefully) in the rearview mirror, our domestic Manufacturing sector has experienced an ongoing surge in demand and output. It is reassuring to see that the pre-pandemic conditions of strong demand for manufactured products have weathered the storm and created a post pandemic manufacturing economy that shines optimistic.
But there is no doubt that we continue to see some limiting factors that remain a challenge to achieving our true potential. As was the case during the pandemic, we are still experiencing staffing and raw material constraints that are a significant limiting factor. And with the allocations being placed on certain materials, we are seeing an inflationary surge the likes of which has not been seen for some time.