The 2020 Mid-Year Economic Update_long

MDM Interview, Part 2: Motion Industries’ Focus in 2009

In Part 2 of this interview with Motion Industries President and CEO Bill Stevens, he delves deeper into trends he is seeing in Motion's core markets, as well as issues distributors face going into 2009.
MDM: What opportunities do you have in the current market?
 
Bill Stevens: The exciting thing to me is the MRO market in North America is still very large. As long as there are manufacturing plants, some of what we sell is needed and that is an encouraging thought. My greatest concern is the instability of our economy. Our customers are most definitely affected by the deepening economic downturn.
 
How many people thought companies like Lehman Brothers and others would go like they did as quickly as they did? I think we all thought they ...

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