Despite fears of a possible recession, manufacturers in northeast Wisconsin have a “bullish” outlook for 2023.
The Northeast Wisconsin Manufacturing Alliance released its 2023 Manufacturing Vitality Index report last month, which surveyed 122 companies. It found that 99 percent believe their business will be financially healthy this year, and 71 percent think sales will increase.
A majority of the companies surveyed also reported plans to make investments in facilities and recruitment in 2023 and beyond. But respondents also pointed to supply chain constraints and labor shortages as areas for concern.