Unless you have been living under a rock for the past 4 years you will have noticed that the market for interconnection products has been through a rough time. However, the time has now come to start believing that the future is bright and that things really are on the right track – here is the proof!
According to the latest Bishop & Associates Inc. report the industry has seen a robust return to growth in the first part of this year.
As first reported in interconnectionworld.com, since 2010 the industry has maintained excellent profitability in spite of modest growth. The reason can be contributed to connector price stability (no price erosion) and declining raw material costs.
The following table shows the industry income statement (percentage of sales) from 2008 through to the first half of 2013. You will note double-digit operating income, near double-digit net income, and double-digit return on equity. You will also note that the industry experienced zero price erosion.
You may be thinking the above figures have no relevance to you, as you work hard to bring in hard-won orders and jump from month to month not knowing what work will be coming in – some months may be incredibly busy and others not so.
If this sounds familiar then rest assured that you are not alone! The important point to consider is that these figures do show that overall the market is improving and stabilising.
Confidence is the key; as we sit and view these figures we can confidently take stock of the fact that we have reason to look forward to a positive future. Remember, the Manufacturing industry is vital to the UK and the people who work therein are world-class – that’s you!
A Blog on Positive Growth in the Connector market
Unless you have been living under a rock for the past 4 years you will have noticed that the market for interconnection products has been through a rough time. However, the time has now come to start believing that the future is bright and that things really are on the right track – here is the proof!
According to the latest Bishop & Associates Inc. report the industry has seen a robust return to growth in the first part of this year.
As first reported in interconnectionworld.com, since 2010 the industry has maintained excellent profitability in spite of modest growth. The reason can be contributed to connector price stability (no price erosion) and declining raw material costs.
The following table shows the industry income statement (percentage of sales) from 2008 through to the first half of 2013. You will note double-digit operating income, near double-digit net income, and double-digit return on equity. You will also note that the industry experienced zero price erosion.
You may be thinking the above figures have no relevance to you, as you work hard to bring in hard-won orders and jump from month to month not knowing what work will be coming in – some months may be incredibly busy and others not so.
If this sounds familiar then rest assured that you are not alone! The important point to consider is that these figures do show that overall the market is improving and stabilising.
Confidence is the key; as we sit and view these figures we can confidently take stock of the fact that we have reason to look forward to a positive future. Remember, the Manufacturing industry is vital to the UK and the people who work therein are world-class – that’s you!
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