The 2017 CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the manufacturing segment here in terms of growth, risk factors, strengths and trends.
AVERAGE SIZE: 185 employees AVERAGE REVENUE: $24 million
CFO Says: “We haven't been historically innovative so we'll focus on being innovative with new products to compete.”
Revenue in 2017
Will increase significantly: 31% Stay about the same: 38%
Optimism? 61% optimistic 38% somewhat uncertain Access to Cash? Some concern Border Security? Very little impact Environmental Issues? Not really Millennials? Maybe
Top Areas of Focus:
New Product Launches Business Planning International Market Influence Alternative Training Owner Retirement/Transition
About 8% of CFOs surveyed in manufacturing say they provide allowances for religious differences in their companies, or about 1 in 12.