December 8, 2016 / by Lauren Rapp

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We recently released our annual State of the Industry Report, an important industry research that provides benchmarks from your peers and their thoughts on the future. Listed below are just a few highlights that I thought were interesting:
  • Just 2% of all respondents reported that they have negative expectations for company revenue in the coming year.
  • More than 40% of surveyed members feel very confident about revenue growth.
  • More than 50% of respondents intend to increase capital spending between 1 and 5%.
  • Distributors noted their #1 spending priority as expanding facilities.
  • Manufacturers expect to spend more on technology investments (other than computer hardware or software).
  • One respondent was surprised by the, “more explosive growth of LED.”
  • Another was disappointed that, “Loyalty between manufacturers and distributors has degraded.”

Want to learn more? Download the report and share your thoughts below.

 

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Lauren Rapp