The 2020 Mid-Year Economic Update_long

Day: October 8, 2008

Mayer Electric Acquires Electric Supply of Macon

Mayer Electric Supply, Birmingham, AL, has agreed to purchase Electric Supply of Macon, Macon, GA. Bob White, president of Electric Supply of Macon, will continue with Mayer as branch manager of the location.  
 
The acquisition expands Mayer's footprint into central Georgia. Mayer has 12 other locations in the state.
 
Mayer Electric Supply is a wholesale-distributor of electrical equipment and supplies, lighting, factory automation, tools and ...

Trends in the Logistics Industry

The results of the 15th annual 3PL Provider CEO Perspective,"presented at the Council of Supply Chain Management Professionals Annual Global Conference in Denver, CO, this week, offered few surprises for trends in the logistics industry. The survey of 39 3PL providers, conducted by Northeastern University's College of Business Administration and sponsored by Penske Logistics, found that high fuel cost is keeping companies closer to home, "green"is still a hot topic, and the economy is slowing.
 
These are all issues that we here at MDM have been discussing over the past few months. (Read Editor Lindsay Young's conversation with Dr. Barry Lawrence, director of the industrial distribution program at Texas A&M University,

Conference Board Forecasts Negative Growth Through End of Year

Fixing current economic conditions will not be quick and easy, according to The Conference Board's latest economic forecast. Negative growth rates for the U.S. economy will continue through the fourth quarter and result in further contraction for the first half of 2009.
 
If government and business leaders can calmly -and privately -focus squarely on a way out of all this, looking to prevent tomorrow's fires even as they fight today's, we can still avoid worse,"says Bart van Ark, vice president and chief economist of The Conference Board. "This means finding a crucial balance between the short-run steps needed to get the economy back on its feet and the long-run needed to foster a new phase of global growth."
 
European and Asian markets are also beginning to see the ...

Looking to the Past to Strengthen Your Position Today

I decided to take a look back in the MDM Archives at the advice that was being offered up the last time the U.S. was dealing with a downturn. Here's what I found:
 
David Gordon and Neil Gillespie in November 2002 provided perspective from GE CEO Jeffrey Immelt: 

  • Prepare for five years of slow growth. Plan accordingly.
  • Price pressures will continue.
  • Innovate now. Your basic strategies in a scenario of slow growth with never-ending price pressures are either cut prices or innovate with technology solutions for customers.
  • Hit singles as well as home runs. Focus on smaller frequent innovations.
    ...