MODERN DISTRIBUTION MANAGEMENT: GOOD SIGNS ON THE ECONOMIC FRONT
Modern Distribution Management’s Jack Keough sees good signs ahead for the manufacturing industry. Are you noticing improvements?
MDM Excerpt:
There finally appears to be solid signs that manufacturing is on the rebound and will help drive economic growth in the near future.
Here are just some indications based on a number of various economic reports that were released in the past two weeks. Manufacturing in the Philadelphia region grew in March at the fastest pace this year as factories finally began hiring, according to figures from the Federal Reserve Bank of Philadelphia.
The U.S. Labor Department reported that the employment market is gradually improving as first time jobless applications dropped by 5,000 to 457,000 in the week ended March 13th.
Companies are also shipping more products. FedEx reported recently that its quarterly profit more than doubled as businesses began restocking inventory and consumer spending rose.
There will be “solid GDP growth” in the U.S. in the near- term, led by gains in inventory restocking and manufacturing, FedEx Chief Executive Officer Fred Smith said in a conference call with investors and analysts following the announcement.