Grassi and the New Jersey Food Processors Association are pleased to share the 2025 Food & Beverage Manufacturing survey results in New York and New Jersey. This benchmarking survey of 169 food and beverage manufacturing executives shows that industry leaders are optimistic despite rising interest rates and supply chain challenges, with 87% indicating they expect revenue growth in 2025.
Several key takeaways from the report include:
- 70% of survey respondents experienced increased profits of 10% or more in 2024.
- Economic uncertainty is a significant concern for 42% of respondents, while 33% are worried about high interest rates, an increase of more than 60% compared to last year’s survey.
- 83% of companies reported that they plan to increase capital spending in 2025, with over two-thirds planning to expand production lines and invest in technology.
- In 2024, 85% of respondents said they increased prices, with 46% of those companies increasing process by 3-6%.
- 95% of companies cited a lack of confidence in their ability to monitor and respond to cybersecurity events. However, 98% are either completely or somewhat confident that company data is protected.
Want to access the full report? Click here or below.
