Overall leadtimes lengthen
From January to February 1998, leadtimes lengthened significantly for all materials except hydraulic cylinders, which may be facing a shortage in supply, as their leadtimes increased by 24.8% in 1997.
From January to February 1998, leadtimes lengthened significantly for all materials except hydraulic cylinders, which may be facing a shortage in supply, as their leadtimes increased by 24.8% in 1997. At the same time, pumps, special fasteners, and valves appeared to meet the demand, since leadtimes consistently dropped in 1997 -- even in light of increased investment in capital equipment. LEADTIMES
Weeks Change, %
Feb 1998 1996 1997 1998*
Gears 7.8 -7.6 -1.9 -5.6
Pumps 5.3 -5 -5 -1.9
Special fasteners 6.7 -4.7 -3.4 0
Valves 4.5 -0.4 -7 -2.7
Hydraulic cylinders 4.9 -16.5 24.8 -0.5
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey