Travelers IndustryEdge Survey Reveals Strong Growth within the U.S. Manufacturing Industry

  Travelers IndustryEdge Survey Reveals Strong Growth within the U.S.
  Manufacturing Industry

    Eighty-eight percent of those surveyed have hired or plan to hire new

Business Wire

HARTFORD, Conn. -- February 26, 2013

Nearly three out of four leaders within the manufacturing industry have either
expanded their product or service offerings in the past year, or plan to
expand them in the coming year according to a recent IndustryEdge^®  survey
conducted by Travelers (NYSE: TRV). This survey of 200 professionals in the
manufacturing industry including general managers, directors, owners and
partners from metals, food, and plastics manufacturers, confirms recent data
stating that 2012 was a record year for manufacturing revenues, and reinforces
the view that expectations for 2013 are positive^1.

“All of this growth presents tremendous opportunities – and a host of new
hazards throughout the complex, interconnected global supply chain,” said Jim
Mandes, Manufacturing Industry Manager, Travelers Commercial Accounts.
“Hazards may include less skilled workers, fewer suppliers to choose from and
an increased potential for business interruptions.”

The results also revealed that finding and hiring qualified employees was a
prominent issue for manufacturers. In the past year, 88 percent of surveyed
decision makers in the manufacturing industry either hired new employees or
made plans to hire in the next year. To help employers identify employees who
may exhibit desirable traits for a particular job, Travelers provides an
online pre-employment screening tool called JCP^®, or Job Candidate Profile™.
The assessment tool, used in conjunction with other due diligence processes,
assists employers in hiring individuals who tend to exhibit reliable and
safety-conscious behavior.

The survey also reveals that 71 percent of companies are conducting sales
outside of the United States and that 67 percent receive a quarter or more of
their supplies from a single supplier. “If a manufacturer is relying on a
small number of suppliers, and those suppliers are faced with a temporary
situation where they are unable to provide the materials – the manufacturer
can suffer a significant decline in revenues,” Mandes added.

To manage the unique risks associated with these sales and supply chains,
Travelers offers a host of insurance coverage options, including worldwide
dependent property coverage, a full line of global insurance protection and
specialized risk control and claim services to meet a wide range of insurance
needs in more than 100 countries worldwide.

Mandes concluded, “As new risks emerge for manufacturers, insurers like
Travelers believe that the new landscape requires a more evolved view of
global businesses. That’s why we provide not only domestic coverage, but
global options that are tailored to fit each manufacturer’s need.”

About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property
casualty insurance for auto, home and business. The company's diverse business
lines offer its global customers a wide range of coverage sold primarily
through independent agents and brokers. A component of the Dow Jones
Industrial Average, Travelers has more than 30,000 employees and operations in
the United States and selected international markets. The company generated
revenues of approximately $26 billion in 2012. For more information, visit

^1Manufacturing forecast issued by the Business Survey Committee of the
Institute for Supply Management™ (ISM), 12/11/12.

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Media Contact:
Gail Van Cleaf, 651-310-6902
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