- PageViews
Aug 28, 2024
Earlier this month, Page President Roger Bolton and Eliot Mizrachi, vice president of strategy and content, dove into the challenges and opportunities presented by the expanding role of the communicators outlined in our latest report, Beyond Communication. From CCOs having bigger seats at the executive table, to more integrated relationships between communications and other functions, the role is on the rise.
In a separate conversation, I sat down with the PageConnect Manufacturing group to get their perspective on the current state of affairs. Notably, there was significant overlap between these two conversations.
Doing a quick poll of 10 manufacturing members, I asked about their optimism for the current operating environment (one being most pessimistic, 10 being most optimistic); the group averaged at 6.8, indicating an uneasy optimism. Following up on their responses, one member described how even though the outlook was generally positive, there were a couple of persistent issues that were harder to solve. Specifically, they said:
"Right now, the operating environment is a bit like an engine with five pistons, and three are running well. But no matter how much you tinker, you can't get them all properly timed."
We then dove deeper into some of the risks that are dampening their outlook.
The manufacturing group discussed the impact of geopolitics on employees, and domino effects on the economy and supply chains. Some were concerned about setting the expectation that their organizations will remain neutral during elections while others reported being concerned about taxes, tariffs and potential trade wars.
“Most compelling is the growing number (of CCOs) who are now accountable for neighboring functions with a stakeholder focus – areas like HR/people (a relatively small portion at 8.2% but still double what it was in 2020); corporate culture (55% increase), social impact/CSR (48% increase); public affairs/government relations (42% increase); marketing (29% increase); and ESG/sustainability (13% increase).”