August 4, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)-- Spending in the Industrial Manufacturing Industry is very strong and shows little sign of letting up, David Pickering, Industrial Info's vice president of research for the Industrial Manufacturing Industry, said in a recent IIR webinar. However, the industry, which includes automotive, semiconductors and computers, warehousing and distribution, heavy manufacturing and other sectors, faces some challenges, whether from supply-chain issues, labor market tightness or geopolitical situations.

There were not a lot of project cancellations in the Industrial Manufacturing Industry with the onset of the COVID-19 pandemic. What did occur was the deferment of projects into 2021 or later, and spending came back in a big way and continues to stay strong as the world grows accustomed to the "new normal."

Companies featured: Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington), Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California) and Alphabet Incorporated (NASDAQ:GOOGL) (Mountain View, California)