In the most recent Manufacturers' Outlook Survey from the National Association of Manufacturers (NAM), three-quarters of respondents said an unfavorable business climate was their top concern, including tax and regulatory burdens. Many manufacturers continue to express that new and existing regulations hurt their businesses, forcing them to divert resources to comply with them. The survey also pointed out that manufacturers would devote more dollars to capital spending, human capital, research and development and initiatives that would grow their companies if their regulatory compliance costs were reduced somewhat.
NAM is working on a new project to be released this fall. It will provide a narrative discussion about the slew of rules that impact businesses on a daily basis, essentially walking the reader through a "day in the life of an average regulated manufacturer." As part of this analysis, they are conducting a survey, which can be found here. From it, they hope to learn more about how regulations impact your company each and every day.
Please take a moment to complete this survey, or if you could, please forward it to an individual in your company who might be better able to respond to how your company complies with regulations. All responses are anonymous. If you are interested, there is an opportunity at the end of the survey to provide anecdotal responses.
To complete the survey, please click here. Responses are due by Thursday, June 30.
If you have any questions or suggestions for further refinement of this survey, please contact Chad Moutray, Chief Economist at the National Association of Manufacturers, at email@example.com.