Construction Forecast (CONT’D FROM PAGE 30)
Board Converting NEWS INTERNET DIRECTORY
significant protection for intellectual property.” Indeed, many contractors are concerned about the re-emergence of supply chain issues. “It's taking longer to ship equipment around the world, in part because of issues in the Red Sea,” said Basu. “Cargo is being divert- ed and having to travel much longer distances in many instances, especially cargo from Asia. That leads to in- creases in the cost of transportation and insurance, which squeezes margins for contractors.”
THE HAIRE GROUP www.hairegroup.com
Haire Group is the premier provider of new machinery for the corrugated industry. From the Apstar line of flexo folder gluers and rotary die cutters, the Encore line of flexo folder gluers and rotary die cutters, and the Engico flexo folder glu- er, Haire is able to pair clients with the best machinery solu- tions for the best value to meet their needs. Haire Group’s service department helps its customers maximize uptime and profitability through superior 24/7 service and support, a pre-install training center, and over a million dollars’ worth of spare parts at their offices just outside of Chicago. Haire Group has been the industry’s #1 pre-owned machinery bro- ker and plant equipment appraiser since 1976. HarperLove is the leading provider of specialty adhesives, performance additives, and wet-strength resins to corru- gated packaging manufacturers. With the largest and most experienced field service and technical support team posi- tioned throughout the U.S. and Latin America, HarperLove has a long-standing reputation for providing outstanding service and delivering demonstrable performance improve- ments. HarperLove’s renowned services include not only innovative product development and custom product for- mulation, but also machine and process assessments, ad- hesive formula adjustments, machine tuning, detailed ser- vice reporting, and more. HARPERLOVE www.HarperLove.com Kernic Systems has been a leading global provider of re- cycling equipment solutions since 1978. For over 40 years, Kernic Systems has provided balers, air conveying and dust collection systems, shredders, industrial vacuums, and re- cycling equipment to a wide range of markets. Today, Ker- nic Systems serves customers with an expanded offering of standard products and custom-engineered systems through three primary business divisions: Recycling Solu- tions, Dust Collection and Air Pollution Control, and Material Handling. Kiwiplan provides state-of-the-art software solutions to cor- rugated, folding carton, plastics and flexible packaging fa- cilities around the globe. Kiwiplan’s Total Solution delivers comprehensive, seamless real-time flow of information from sales order management to dynamic total plant scheduling and inventory control through shipping. With deep manu- facturing and distribution expertise, Kiwiplan knows the specific problems customers face and provides the spe- cialized software they need to adapt, compete, and win in today's rapidly changing world. KERNIC SYSTEMS www.kernicsystems.com KIWIPLAN www.kiwiplan.com
Prepare For A Soft Landing U.S. GROSS DOMESTIC PRODUCT Annual % Change
2014: 2.5% 2015: 2.9% 2016: 1.8% 2017: 2.5% 2018: 3.0% 2019: 2.5% 2020: -2.2% 2021: 5.8% 2022: 1.9% 2023: 2.5% *2024: 2.6% *2025: 1.9% *2026: 2.1%
Sources: World Bank, * = Oxford Economics
Palisin confirmed that supply chain disruptions are not a thing of the past. “We are seeing shortages around semi- conductor chips and some other technological products, as well as chemicals, equipment assemblies and metal parts. That’s causing production delays and late deliver- ies.” There are a number of causes for the problem. Over the past year the nation has lacked sufficient skilled work- ers to meet production demands. And in an environment of high interest rates and slowing growth, companies did not invest as much as required in new facilities. “As for the semiconductor situation specifically, there's this huge demand coming up against a shortfall in global supply,” said Palisin. While the U.S. is committed to the reshoring of produc- tion, the task of increasing domestic manufacturing and delivery systems will take time. “We are not going to turn things around right away,” said Palisin. The Road Ahead Despite optimism on the part of businesses and con- sumers, economists eye some dark clouds on the horizon. In the opening months of 2025, they advise construction companies and manufacturers to keep a close watch on the following areas for any deleterious changes:
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October 21, 2024
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