Despite facing challenges such as geopolitical turmoil-induced supply chain disruption, economic uncertainties, labor shortage, and sky-high inflation, the manufacturing and industrial sector will likely remain buoyed in the foreseeable future due to technological advancements and increased demands for industrial goods.
Moreover, owing to the Infrastructure Investment and Jobs Act that was passed in 2021 and the Inflation Reduction Act of 2022, this year is expected to have a fresh bout of government contracts up for bid.
