New York—Executives and managers in the industrial and distribution sector in North America anticipate growth, according to ThomasNet's “Industry Market Barometer.”
Almost half (45%) of respondents said their companies grew in the first half of last year. Eighty-eight percent of respondents said they anticipated growth in the first half of this year.
Sixty-eight percent of respondents said the biggest challenge to their business was customers cutting back or going out of business. Nonetheless, 37% of respondents said they planned to hire in the first half of the year.
The online survey, with 3,370 respondents, was conducted from January to March.