2022 Engineering Strategies for Small and Mid-Sized Companies Study

The challenges of the last two years significantly disrupted many organizations’ plans for future growth. Manufacturers saw scrambled development schedules, upturned supply chains, and changed work norms. Executives in small and mid-sized companies are now looking to the future with high hopes of profitable growth. Achieving that goal comes down to a two-pronged, time-proven approach: Organizations must mitigate threats while capitalizing on opportunities.

To gain clearer insight into this shift for small and midsized companies, Lifecycle Insights conducted the 2022 Engineering Strategies for Small and Mid-Sized Companies Study, a survey-based worldwide research project. The study’s findings reveal organizations’ biggest challenges and their plans for the future. They also highlight the major drivers inspiring executives from manufacturing organizations with annual revenues under $500M to pursue changes in design and engineering.

This eBook shares the study findings along with recommendations about how to formulate successful strategies to improve engineering and shift towards a profitable future.