Three hundred senior executives of US manufacturing companies participated in a survey on the economy, cap-and-trade program, international plans, and IFRS accounting standards. Key findings include the following:
- This downturn in the economy is toughest on small manufacturers, with a sizable minority struggling to make it through. Executives from larger companies are more likely to report they are using tools such as tax planning and negotiating vendor discounts. Larger businesses are also more likely to use foreign markets to diversify their revenue sources.
- US manufacturing executives oppose Cap and Trade proposals, though a sizable minority is somewhat supportive of the legislation. Support draws closer to even if Cap and Trade were instituted multilaterally and would not leave manufacturers without unregulated foreign competitors.
- Most senior manufacturing executives are not aware of the potential adoption in the US of the International Financial Reporting Standards, or IFRS.
Challenging economic times require a new approach to doing business. This report sheds light on the perspectives and insights of manufacturers who must deal with the reality of the economy and prepare for an unpredictable future. See the links at right for more survey information.
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