If you are like most navigators of the printed page, the first thing you read in this final 2013 issue of Gear Technology was our State of the Gear
Industry Survey. And who would blame you? It’s not Sabermetrics, but once you’ve read it you’ll have a pretty
clear snapshot of last year and a peek
into the next. But if you also like to get a little closer to the bone about things, what follows are the collected opinions of five well-regarded people in the gear industry speaking to a number of issues with relevance.
Following is a report from The Manufacturers Alliance for Productivity and Innovation (MAPI). Founded in 1933, the alliance contributes to the competitiveness of U.S. manufacturing by providing economic research, professional development, and an independent, expert source of manufacturing information.
Over the past few months we've talked with a lot of gear manufacturers. Many of them tell us business is strong, while others are struggling with reduced demand. The difference between them isn't so much in the quality of their manufacturing operations, but rather trends in the end markets they serve.
Trying to figure out what’s going on in this crazy economy of ours seems a bit like reading tea leaves—one part pseudoscience and three parts wild conjecture. Of course some pundits are telling us that this bull market has legs, while others insist that we’re due for a major correction. Some pump us up with positive news, while others remind us about scary stuff like the budget deficit, the European financial crisis and unemployment.
Before we get into projections and prognostications about the future, let’s take a minute to review 2012. For many in the gear industry, the year was better than expected. Some manufacturers
had a very successful year leading up to an even more successful manufacturing trade show (IMTS 2012). Others were searching for more business, hoping that the general
state of the economy wouldn’t make things worse. In some cases, it did.
It wasn’t so very long ago that a high school-educated, able-bodied person with a will to work typically had little trouble finding a decent job in manufacturing. Whether at an area job
shop, an OEM plant or auto plant—work was to be had. Work that paid well
enough to marry, buy a home, feed, raise
and educate a family—with even enough
left over for a modest retirement pension.
The past several months have been filled
with uncertainty. Everyone wanted to wait and see who would be our next president and how the political landscape might change. Now the elections are over, and the polls are all closed, so we should all be getting back to business, right? Publisher Michael Goldstein shares insight from our state-of-the-gear-industry survey.
Publisher Michael Goldstein is confident that the manufacturing economy will continue to grow throughout next year, no matter who wins the 2012 presidential election.