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Is 2010 the recovery year for Global manufacturing sector?

Created by : Abhijeet Kadian, Sales/BD Manager, Bharat Heavy Electricals  | 01 22 2010 13:34:15 +0000
Industry : Industrial Products/Heavy MachineryFunctional Area : Growth(Strategy & Execution)
Keywords : global manufacturing sector
Activity:  250 views;  last activity : 07 06 2010 20:18:09 +0000

Third quarter electronic food chain revenue growth confirmed that the global slowdown was already away. Although all of the end-market sectors (except SEMI equipment) were still in positive territory, capital equipment suppliers (both PCB and SEMI) as well as PCBs, other passive components, and medium-sized EMS companies all saw sales declines last autumn

Looking forward, global GDP growth is now projected to reach bottom this year. Because the world economic situation was in a major state of flux last year, most prognosticators’ crystal balls are still a bit cloudy this year.

So users, do you think 2010 is the recovery year for Global manufacturing sector?

  
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I agree that we are not improving in such a fast speed as other sectors are doing but that doesn't mean we are not developing. This is just the beginning of the new year and in many sectors we are showing good results as well. Though we are facing stiff competition from other sectors and also from countries like China, we are still on the process of development...
By Rajesh Kamal, Sales/BD Manager, Larsen & Toubro  01 22 2010 14:09:59 +0000
 
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I don't think so, sectors like semiconductor usage (a measure of electronic assembly activity) is still declining. The World Semiconductor Trade Statistics group has trimmed its chip shipment outlook. It now is facing a a global semiconductor shipment decline. Based upon recent regional chip shipment results, all geographic areas are seeing sharp growth slowdowns.
By Abhijeet Kadian, Sales/BD Manager, Bharat Heavy Electricals  | 01 22 2010 13:34:15 +0000
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