Marine Fabricator July/August 2024 - 7

improving supply chain/logistics (70%),
research and development (68%),
and product diversification (66%).
Employee-development programs
came in as important to more than
half, at 59%.
Respondents had mixed responses
concerning the use of artificial
intelligence and other technology
tools as well as increasing product/
corporate sustainability. It's likely that
businesses are in " wait and see "
mode, as early adoption and taking
the lead in major industry shifts can
be expensive. Future surveys will show
how these numbers change as the
adoption of technology and best
practices evolve in the coming years.
What is driving your
price increases?
1. Passing on costs from
suppliers 91.1%
Have you had to increase the prices you charge
your customers over the last year?
Yes, by 1 to 10 percent
43%
Yes, by more than 25 percent 9.7%
Yes, by 10 to 25 percent 33.3%
Our prices have stayed flat 11.8%
Our prices have decreased 2.2%
2. Increased wages for
employees 63.3%
3. Higher utility costs 46.8%
4. Higher rent/facility costs 30.4%
5. Investing in new equipment 26.6%
6. Higher taxes or other
government fees 21.5%
7. Other 8.9%
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MarineFabricatorMag.com | 7

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Marine Fabricator July/August 2024

Table of Contents for the Digital Edition of Marine Fabricator July/August 2024

Marine Fabricator July/August 2024 - Cover1
Marine Fabricator July/August 2024 - Cover2
Marine Fabricator July/August 2024 - 1
Marine Fabricator July/August 2024 - 2
Marine Fabricator July/August 2024 - 3
Marine Fabricator July/August 2024 - 4
Marine Fabricator July/August 2024 - 5
Marine Fabricator July/August 2024 - 6
Marine Fabricator July/August 2024 - 7
Marine Fabricator July/August 2024 - 8
Marine Fabricator July/August 2024 - 9
Marine Fabricator July/August 2024 - 10
Marine Fabricator July/August 2024 - 11
Marine Fabricator July/August 2024 - 12
Marine Fabricator July/August 2024 - 13
Marine Fabricator July/August 2024 - 14
Marine Fabricator July/August 2024 - 15
Marine Fabricator July/August 2024 - 16
Marine Fabricator July/August 2024 - 17
Marine Fabricator July/August 2024 - 18
Marine Fabricator July/August 2024 - 19
Marine Fabricator July/August 2024 - 20
Marine Fabricator July/August 2024 - 21
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Marine Fabricator July/August 2024 - 30
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Marine Fabricator July/August 2024 - 35
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Marine Fabricator July/August 2024 - 37
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Marine Fabricator July/August 2024 - 39
Marine Fabricator July/August 2024 - 40
Marine Fabricator July/August 2024 - 41
Marine Fabricator July/August 2024 - 42
Marine Fabricator July/August 2024 - 43
Marine Fabricator July/August 2024 - 44
Marine Fabricator July/August 2024 - 45
Marine Fabricator July/August 2024 - 46
Marine Fabricator July/August 2024 - 47
Marine Fabricator July/August 2024 - 48
Marine Fabricator July/August 2024 - Cover3
Marine Fabricator July/August 2024 - Cover4
Marine Fabricator July/August 2024 - Expo Card 1
Marine Fabricator July/August 2024 - Expo Card 2
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https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-january-february-2022
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-november-december-2021
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-september-october-2021
https://www.nxtbook.com/ifai/marinefabricator/marine-fabricator-july-august-2021
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