JACKSONVILLE, Fla., June 25,
2024 /PRNewswire/ -- In a new survey of manufacturing
executives, President Joe Biden has
narrowly emerged as the preferred leader to steer the sector
forward, despite perceptions that former President Donald Trump would be more effective in tackling
key industry challenges.
According to the poll from software company Medius, 49% of
executives trust Biden to steer the manufacturing sector in the
right direction, narrowly edging out Trump at 46%. Similarly, a
slim margin of 48% believe Biden is more supportive of
manufacturers, contrasting with 47% who lean towards Trump on this
criterion.
The decisive factor favoring Biden appears to be his
administration's $1.6 trillion energy
and infrastructure programs. Respondents prefer these over Trump's
emphasis on tax cuts and tariffs on imports.
Executives also cited trustworthiness and predictability as
pivotal attributes favoring Biden. A notable 50% of respondents
believe Biden is more capable of delivering on promises, with 55%
viewing him as the more predictable candidate. In comparison, Trump
garnered support from 44% on delivering promises and 38% on
predictability.
However, the survey reveals a clear preference for Trump on
specific policy challenges currently facing manufacturers. Trump is
seen as better equipped to address critical issues such as high
inflation (46% prefer Trump versus 38% for Biden), high-interest
rates (46% versus 39%), supply chain disruptions (45% versus 41%),
and global competition (45% versus 40%).
Don Holm, Global Vice President
Value Consulting at Medius, a leading global provider of
cloud-based accounts payable automation and spend management
solutions, said:
"This poll underscores the nuanced perspectives within the
manufacturing sector, with executives balancing overall
favorability with specific policy preferences and perceived
effectiveness. As the election approaches, these insights could
play a crucial role in shaping the sector's priorities and
expectations from the incoming administration."
"Manufacturers thrive on efficiency but they are facing an
onslaught of challenges that could significantly impact their
operations and bottom lines. The uncertainty around trade policies,
potential regulatory changes, and the future of tax reforms create
a volatile environment for long-term planning. Additionally, the
ongoing labor shortages and supply chain disruptions, exacerbated
by geopolitical tensions, are pressing issues that require
immediate and strategic attention."
"Manual accounts payable (AP) processes create bottlenecks that
stop manufacturers running their business efficiently. In this
high-volume environment, Medius helps manufacturers grapple with
mountains of invoices, supplier complexities, and delays in
approvals. Our AP automation tackles these challenges head-on by
streamlining workflows, reducing errors, and boosting visibility –
all of which contribute to extending agility and productivity
beyond the factory floor."
For more information on how Medius can help manufacturers, visit
medius.com/customers/manufacturing/
For more information, please contact:
Dan Bird, Fight or Flight for
Medius
Dan.Bird@fightflight.co.uk +44 7885 670798 /
Medius@fightflight.co.uk +44 330 133 0985
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https://news.cision.com/medius/r/biden-leads-among-manufacturers-despite-policy-split,c4006097
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SOURCE Medius