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.
Upcoming Deadlines for the 2023 Industry & Economic Outlook Conference
2023 Industry & Economic Outlook ConferenceAugust 15-16, 2023The Westin Chicago NorthwestRegistration Now Open NFPA’s 2023 Industry Economic Outlook Conference will feature valuable networking, thought-provoking educational sessions, the NFPA Foundation Golf Fundraiser and much more. With so many exclusive and unique offerings, spots at the conference and hotel are filling up quickly. Here are all the…
NFPA Members Inspire the Emerging Workforce to Pursue Fluid Power
Byline: James Foster, Workforce Program Manager The end of spring indicates the NFPA’s Fluid Power Action Challenge season is winding down for the academic year. This season has been positively marked by a strong resurgence in event attendance and grant awards. Over $24,000 in grants were awarded to 52 schools who helped more than 3,100 students across…
Registration Now Open for NFPA Foundation Golf Fundraiser at the 2023 IEOC
NFPA Foundation Golf Fundraiser at the 2023 IEOCAugust 14, 2023The Preserve at Oak Meadows Register for Golf NFPA’s Industry and Economic Outlook Conference is best known for its premier networking, enriching educational content and, of course, the NFPA Foundation Golf Fundraiser. After 2 years of major construction and renovation, The Preserve at Oak Meadows welcomed golfers back for a first…