According to the recently released third annual RSM McGladrey Manufacturing and Wholesale Distribution National Survey (MWD) conducted on 911 firms, companies reporting their business conditions as “thriving and growing” declined by nearly 10% in the past year. However, business remains good for more than a third of survey participants within the following industry segments: food and allied products, medical devices, industrial equipment, metal fabrication and electronics. While cost advantages of globalization are shrinking — respondents moving production or services offshore since 2007 have declined by 20% — opportunities to benefit from participating in the global economy remain underutilized.
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