A total of 241 senior manufacturing executives participated in the survey, which was conducted in February 2012. All respondents are responsible for, or significantly involved in, finance, supply chain, procurement or strategic development. Respondents represent the aerospace and defense, metals, engineering and industrial products sectors, including industrial conglomerates. All participants represent companies with more than US$1 billion in annual revenue; 33 percent hail from organizations with more than US$10 billion in revenue. Nearly half (41 percent) of respondents are C-suite executives or board members. They are geographically split among Western Europe (29 percent), North America (23 percent), Asia-Pacific (28 percent), Middle East and Africa (10 percent) and Latin America (10 percent).