MMT Chats: MoldMaking Index Sheds Light on Recovery Trends
Gardner Intelligence Chief Economist Michael Guckes shares insight on the rise caused by slowing delivery speeds of input goods to manufacturers; the ways large and small shops are fairing and the value of a diversification strategy.
My guest today is Michael Guckes Chief Economist for Gardner Intelligence who is back to break down the latest Moldmaking Index, which is a bit different this month from the expansion we’ve reported the previous three months.
Michael explains what he saw with the production and new orders components and what it means, as well as how the “increase in the supplier deliveries reading signals a slowing in upstream good deliveries, which could stymie production activity in the coming months. He reviews how that component impacts the overall Index and the remainder of the year
MMT also has a strong base of small to mid-size mold-building shops, so I ask Michael to talk a little about the data with regard to shop size, as well as the positive news that suppliers have found new ways of operating under the shadow of COVID.
Lastly, he is also a proponent of diversification, and so shares a few end market trends and data with respect to some of the industries particularly important to the MMT audience—such as automotive, medical and consumer packaging.
Note: Stick around to the very end of the video for a peek at the book collection of an economist:-)
A look at some of the factors influencing the success of your machining center investment.
How older technology will impede your business in a competitive global market and how to invest properly in moldmaking equipment.
Within each person is unlimited creative potential to improve shop operations.