The ISM (Institute of Supply Management) reported the results of its semi-annual survey of members that manufacturing is forecasted to grow by 5.7% in 2010. That tells us that the US economy is on the way back to recovery.
I participated in a webinar offered by one of the industrial distribution publications. An industry consultant provided the results of a survey he conducted of the industrial distribution channel. It indicated that most companies dealt with the effects of the 2009 recession by making steep cuts in their staffs and inventory levels to maintain cash flow. He questioned whether they would be ready for a rebound in US manufacturing in 2010.
There is no doubt that this last year has been a real challenge for all of us. A wise man once told me that “there is a beginning and end to everything.” The US economy is vibrant and will emerge from this recession. We all need to examine whether our supply chain is ready to support us.
