It’s no secret that lockdowns and other pandemic-induced protocols have seriously impacted the trade show and conference business. The vast majority of these
meetings have been either postponed or canceled
altogether and this has been taking place for over a year now. This has been a particular problem for the manufacturing industry trade shows. It has been estimated that over 94% of all sales activity in the aerospace sector took place at air shows and other conferences. Heavy machinery producers also rely heavily on these shows so that they can demonstrate their machines. These are the times that buyers would be in a position to “kick the tires” and interact with the companies and countries that bought equipment. This also provided an opportunity for those companies who had something to sell to these machinery producers.
To be honest there are more reasons to worry about an inflation surge than there are reasons to dismiss the threat but it is important to note that it has been over twenty years since there has been any real inflation risk and there are still important factors that reduce the threat.
High-level analytical models from Armada and MN&A show that the outlook for manufacturing over the next 18 months is likely to stay ahead of its 20-year average growth trend. The latest forecast released in the Armada Strategic Intelligence System (ASIS) shows industrial production for manufacturing growth of 5.22% in 2021. This comes after a 2.6% contraction in 2020.
The outlook shows a sharp recovery period lasting through September of this year before easing and flattening out through August of next year (note the ASIS chart showing the forecast).
There are few sectors of the economy as complex and challenging as manufacturing, The competitive threats come from all directions and all the time. Staying ahead requires knowing what is around each corner - whether it is a threat or an opportunity. The ASIS projects into the future with a carefully constructed set of models that maintain over 97% accuracy so that manufacturers can anticipate. It takes time to be ready for these competitive threats - the ASIS provides that time.
Watch John Nelson from Morris, Nelson & Associates along with Chris Kuehl and Keith Prather from Armada Corporate Intelligence review the monthly IPMAN report.
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