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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Xometry Inc | NASDAQ:XMTR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.48 | -2.96% | 15.73 | 15.72 | 16.76 | 16.59 | 15.49 | 16.13 | 389,957 | 22:20:38 |
Nearly all CEOs (95%) interviewed for the quarterly survey are watching the run-up to the November election closely, with 77% saying current federal policy has helped strengthen American manufacturing. The majority of CEOs said specific legislation – notably the CHIPS+ (57%), Inflation Reduction (60%) and Infrastructure Investment & Jobs (60%) acts – have had a positive impact on industry.
The findings come as manufacturing CEOs have been aggressively deploying AI, embracing digital technologies and reshoring their operations to drive greater efficiencies and create locally resilient supply chains.
Among the key findings:
“American manufacturers have made tremendous progress over the last few years embracing AI, rolling out new digital tools and reshoring their operations,” said Randy Altschuler, CEO of Xometry. “They’ve also embraced new high-tech processes and benefited from Federal policies aimed at increasing American manufacturing competitiveness on the global stage. It’s no stretch to say American manufacturing is the new high-tech industry.”
The survey also found:
The CEO sentiments reflect those of voters nationwide. In a series of separate surveys earlier this year, Zogby and Xometry polled registered voters in each of the first five primary states of Iowa, New Hampshire, South Carolina, Nevada and Michigan. Those surveys found that voters realize manufacturing is pivotally important to their states’ economies as well as to that of the nation as a whole.
“Voters and business leaders alike agree: Manufacturing is the engine that pushes our country forward,” Altschuler said. “America’s electorate supports public-private partnerships that strengthen American manufacturing, including worker training in automation, robotics and AI. They also support public investment in companies that advance our country’s standing in global manufacturing.”
About XometryXometry’s (NASDAQ:XMTR) AI-powered marketplace, popular Thomas industrial sourcing platform and suite of cloud-based services are rapidly digitizing the $2.4 trillion manufacturing industry. Xometry provides manufacturers the critical resources they need to grow their business and makes it easy for buyers to create locally resilient supply chains. The Xometry Instant Quoting Engine® leverages millions of pieces of data to analyze complex parts in real-time, matches buyers with the right suppliers globally, and provides accurate pricing and lead times. Learn more at www.xometry.com or follow @xometry.
Media Contacts:Illume PR for Xometryxometry@illumepr.com
Matthew HutchisonVP, Global Corporate Communications415-583-2119Matthew.Hutchison@Xometry.com
Investor Contact:Shawn MilneVP, Investor Relations240-335-8132shawn.milne@xometry.com
Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9ac30344-507f-43c7-bc76-9f29589fdd13https://www.globenewswire.com/NewsRoom/AttachmentNg/3dde8b2a-8c01-4abe-b24d-dbdfb7f73eeb
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