New PMMI Infographic Highlights Impact of Small to Medium Businesses in the U.S.
PR Manager, PMMI
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Reston, Va.; Aug. 27, 2018 - Small to medium sized manufacturers are making a big mark on the United States economy, job market and numerous vertical industries according to the newly released Small Manufacturers, Big Dreams! infographic from PMMI, The Association for Packaging and Processing Technologies.
With so many solutions on display at PACK EXPO International and Healthcare Packaging EXPO, small to medium size manufacturers are sure to find ways to apply new technology, achieve cost-saving efficiencies, boost output unexpectedly, discover new ways to drive their business forward and increase their bottom line.
While most manufacturing firms in the U.S. are quite small (98.6 percent with less than 500 employees and 75.3 percent with than 20 employees), 30 million small and medium businesses (SMBs) account for two-thirds of new private sector jobs.
More than half of SMBs (77 percent) report increases in revenue over the last 12 months. In the previous two years, small business owners have invested in software and computer systems (48 percent), digital record-keeping systems (37 percent) and e-Commerce capabilities (20 percent). On top of that, 70 percent of middle market companies plan to invest in information technology (IT), plants and equipment.
SMBs have a strong presence across numerous industries, representing 46.4 percent of food manufacturing establishments, 53.3 percent of pharma manufacturing establishments and 46.4 percent of personal care manufacturing establishments.
Bringing together 2,500 exhibitors and 50,000 attendees (from more than 125 countries) over 1.2 million net square feet of exhibit space from virtually every vertical market, PACK EXPO International and co-located Healthcare Packaging EXPO (Oct. 14-17, 2018; McCormick Place, Chicago) is indisputably the years most comprehensive packaging event on the continent—and the one that powers innovation like no other.
Dont miss your chance to see machinery in action-register for PACK EXPO International and Healthcare Packaging EXPO.
PMMI, The Association for Packaging and Processing Technologies, represents more than 800 North American manufacturers and suppliers of equipment, components and materials as well as providers of related equipment and services to the packaging and processing industry. We work to advance a variety of industries by connecting consumer goods companies with manufacturing solutions through the world-class PACK EXPO portfolio of trade shows, leading trade media and a wide range of resources to empower our members. The PACK EXPO trade shows unite the world of packaging and processing to advance the industries they serve: PACK EXPO International, PACK EXPO Las Vegas, Healthcare Packaging EXPO, PACK EXPO East, EXPO PACK México, EXPO PACK Guadalajara and ProFood Tech. PMMI Media Group connects manufacturers to the latest solutions, trends and innovations in packaging and processing year-round through brands including Packaging World, Automation World, Healthcare Packaging, Contract Packaging, ProFood World and OEM. PMMI Business Drivers assist members in pursuing operational excellence through workforce development initiatives, deliver actionable business intelligence on economic, market and industry trends to support members' growth strategies and actively connect the supply chain throughout the year.
Learn more at pmmi.org and packexpo.com and pmmimediagroup.com.