Consulting firm McKinsey & Company hosts resources related to the economic impact of COVID-19. “COVID-19: Implications for Business” is an ongoing series of briefing notes outlining critical issues for strategic planning and business management during the COVID-19 pandemic, with suggested actions.
More detail is included in a “Full Briefing Materials PPT” download. Slide 26 of the PPT holds particular interest, offering potential leading indicators related to the depth, length, and recovery of the COVID-19 disruption. Two leading indicators for the fluid power industry are identified as leading indicators of COVID-19 economic recovery:
- Durable Goods as an indicator for depth of the economic disruption; and
- Purchasing Managers Index (PMI) as an indicator for length of the economic disruption.
A full data series for both indicators can be found in NFPA’s Customer Market File.
As the leading source of fluid power market information in the U.S., NFPA offers a variety of resources related to COVID-19’s impact on our industry and the global economy to assist our members in planning their next move. However, there are a number of other valuable COVID-19 economic impact resources available to the public. The “COVID-19 Economic Impact Resource Spotlight” series in the weekly NFPA News will identify those most relevant to NFPA members.
Questions and inquiries about COVID-19 Economic Impact Resources can be directed to Eric Armstrong at firstname.lastname@example.org or (414) 778-3372.
NFPA is proud to announce that Murray State University has met the requirements to become a Power Partner university. The Power Partner Program is a recognition program designed to showcase universities that actively participate in all NFPA fluid power educational programs and provides special opportunities for NFPA members to connect with students interested in careers in the fluid power…
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This episode features Brian Steward, a professor of Agricultural and Biosystems Engineering, and Saxon Ryan, an assistant teaching professor, both at Iowa State University. On this episode, we invited them into our forum to learn more about ISU’s Power Partner University status and how it’s impacting their students and our members. Listen to Podcast Here…