As the State of the Union shined a bright light on manufacturing, let's take a look at what happened last year.
According to Sageworks, a company that provides financial analysis of privately-held companies, sales growth in 2012 remained strong, although the rate of growth slowed down from 2011.
Analyst Brandt Leahy pointed out that profit margins continued to expand, with net profit margins surpassing pre-recession levels.
However, Leahy says, it’s difficult to say whether this is the result of increased demand or cost cutting.
About the Author
Adrienne Selko Blog
Senior Editor
Focus: Expansion Management & the Biotech & Life Sciences Industries
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Senior Editor Adrienne Selko manages IndustryWeek’s Expansion Management, delivering ideas and information about how successful manufacturers leverage location to gain competitive advantage. She explores the strategies behind why companies located their headquarters, research institutes, factories, warehouse and distribution centers and other facilities where they did, and how they benefit from the decision.
Adrienne is also the editorial coordinator of the IndustryWeek Expansion Management Roundtable events, which unites economic development professionals to network and discuss the latest trends in site location.
As well, Adrienne tells the stories of successful companies in the biotechnology and life sciences industries.
In the past, Adrienne has managed IndustryWeek’s award-winning website, overseeing eNewletters, webinars, and contributed content. Before joining the staff, Adrienne was managing editor of corporate publications at a large regional financial institution. She also ran a public relations and marketing company that published a best-selling healthcare book.
Adrienne received a bachelor’s of business administration from the University of Michigan and is especially interested in wellness and natural health.