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There was no sector of manufacturing that was as negatively affected by the pandemic protocols than aerospace. Travel restrictions all but eliminated international travel, tourist destinations were shuttered and the business community abandoned conferences and trade shows. It has been a bleak year but better news is ahead. …
Read more about Top Three Reasons for an Aerospace Comeback
The export sector accounts for roughly 15% of the US GDP – a total of around $3.7 trillion. The US is both a seller of commodities and sophisticated goods as much of US farm output is shipped overseas. The US doesn’t produce much in the way of consumer goods for export – the US manufacturer sells in the business-to-business realm. Traditionally the top three trading partners for the US have been Canada, Mexico and China. Much of that north-south trade is inter-company trade and commodities and much of what China buys is food. Who, then are the buyers of manufactured goods? …
Read more about The New Top Three Trading Partners for Manufacturers
High-level analytical models from Armada and MN&A show that the outlook for manufacturing over the next 18 months is likely to be well 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. …
Read more about Manufacturing Sizzles in Latest Forecast