Although ripples from COVID-19 continue to permeate the manufacturing industry, heavy equipment manufacturers have reason to be optimistic. New data from the Institute for Supply Management (ISM) shows that the overall economy has been expanding for more than a year, and all of the six biggest manufacturing industries, including fabricated metal products, registered moderate to strong upticks.
Manufacturing growth is good, of course, but a recent Fox Business story reported – and the June ISM report reiterated – that the manufacturing rebound has suppliers struggling to keep up.
