Manufacturing & Distribution 2021 Outlook
As we head into 2021, we have many reasons to be optimistic about the coming year. Middle-market manufacturers have continued to thrive in the current environment despite the tremendous challenges brought by the COVID-19 pandemic. Businesses engaged in e-commerce and those leveraging advanced manufacturing technologies, in particular, have been — and are very likely to continue to be — successful.
Interest rates remain low, creating a solid environment for borrowing and leveraging. Healthy companies can enjoy the availability of capital and financing. Deal activity in the investor market continues to accelerate, creating both acquisition and divestiture opportunities. Energy costs remain relatively low by historical standards and consumer confidence, while somewhat decelerating in recent months, will finish the year at a much higher level than early 2020.