MFG.com Survey Finds Rising Fuel and Energy Costs Impact Manufacturers

By DE Editors

MFG.com (Atlanta, GA), a global online marketplace for the manufacturing community, announced results of its latest MFGWatch Survey covering energy-centric trends. More than 450 respondents from the MFG.com North American Buyer community completed the survey, with 88.2 percent of the participants from the United States and 11.8 percent from Canada.

Topics of the survey ranged from the impact of the rising cost of fuel to green manufacturing practices. Participants included engineers,  purchasing professionals, and operations managers who actively use MFG.com to source for manufacturing services, custom, and standard parts.

Buyers were asked to describe their business’s response to the rising cost of fuel. Thirty percent stated they would raise prices to their customers, 29 percent would make savings or productivity gains in other areas,  and 14 percent would absorb the cost and accept lower profitability.

Buyers were also asked what changes were planned to lower or offset fuel costs, they were asked to identify associated factors impacting their businesses and if their company was actively pursuing Green (environmentally friendly) manufacturing practices, and finally, they were asked how using green practices affected their bottom lines.

For details, go to MFG.com.

Sources:  Press materials received from the company and additional information gleaned from the company’s website.