(CADDi: Chicago) -- American manufacturers aren’t seeing the future through rose-tinted glasses.

According to new research conducted and released by software development company CADDi, about 49% of U.S. manufacturers expect a recession to hit in 2025, with 84% predicting it will happen within the next two years.

However, the proprietary research based on a survey of more than 330 U.S. manufacturing professionals suggests that manufacturers are making financial decisions based on incomplete information.

The research said 60% of procurement professionals had sourced a part at a higher cost than they knew possible because they couldn’t access sufficient supplier data to negotiate effectively. The same percentage of respondents said they’ve missed an opportunity to consolidate suppliers and/or negotiate a volume discount because they didn’t have access to historical cost data associated with similar parts.

Additionally, 71% of sales professionals have quoted or sold an unprofitable deal for their company because they didn’t have access to the historical engineering and procurement data they needed.

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