The Q2 SOCMA Pulse Poll contains some interesting findings. ⚠ 35% of proprietary manufacturers are low on capacity If you find yourself in this category, contact us today. We have the equipment and expertise to keep your product production running smoothly and on time. #SpecialtyChemical #Agriculture #ContractManufacturer #TollManufacturer
Have you checked out the SOCMA Q2 Pulse Poll yet? Our latest industry snapshot reveals some intriguing trends regarding the state of specialty chemical manufacturing. - Growth on the Horizon: Nearly 40% of companies are projecting expansion in both contract and proprietary manufacturing. This optimism is tempered with caution, but the signs are promising. - Onshoring Gains Momentum: We're seeing a significant uptick in onshoring and nearshoring projects. 24% of respondents are now actively pursuing these initiatives, up from 14% earlier this year. This shift has the potential to provide significant opportunities for our industry. - Capacity and Workforce: While most manufacturers report ample space availability, about a quarter are operating at near-full capacity. This tightening is driving an interesting trend: many companies are looking to expand their workforce by 20-50% to meet future growth targets. Talent acquisition is continuing to be a key focus. - Market Dynamics: Energy/Electronics, Pharma, Agro, and CASE (coatings, adhesives, sealants, elastomers) are leading the charge, accounting for 76% of the most active market segments. These sectors are driving innovation and demand across the industry. - The Road Ahead: Despite regulatory challenges, there's a palpable sense of optimism for #NorthAmericanManufacturing. Our members are adapting, innovating, and positioning themselves for future growth. At SOCMA, we're committed to supporting this growth and fostering innovation in the #specialtychemical sector. We'd love to hear your thoughts on these trends. How are they playing out for your company? Read more in the full report: https://lnkd.in/eSuCEja3
