Manufacturing's long-term outlook 'positive'

The manufacturing sector may currently be suffering due to rising prices, but the industry has the strength to "weather the storm," an expert has said.

Scott Slabotsky, managing director of accounting, tax and advisory for Cbiz, told the Kansas City Star that manufacturing is one area that he would consider recommending to entrepreneurs for future growth.

"Manufacturing can still be profitable in the long term, although not necessarily in the short term because of the rising cost of goods sold, as well as rising transportation costs," he commented.

Existing midsized manufacturing firms may even consider using a loan to grow their business, so that they are poised to take advantage of a shift in the economic condition.

U.S. News and World Report columnist Matt Bandyk recently warned firms to be careful about where they choose to cut back during tight times, as they could wind up "behind the curve" when things pick up.