The month of May saw increased growth in U.S. manufacturing. According to the Institute of Supply Management its index of activity from a reading of 60.7 to 61.2 between April and May. An article from ABC further explains this growth in the manufacturing sector.
When looking at the data, any reading over 50 indicates expansion. This makes May the 12th-consecutive month of growth after contraction back in April of 2020. Businesses continue to expand as the country begins to open up again. This has caused an increase in demand. Manufacturers now experience difficulty keeping up with the demand as raw material shortages choke the supply chain. So now more than ever manufacturers are looking for reliable distributors. This makes good marketing and strategic positioning critical in finding new prospects in this market. Let Rivet|MRO help you put your best foot forward through excellent marketing. To read the full ABC News article check out the link below!
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