Keeping the Current Downturn in Perspective
July 2, 2008
This month, putting together the Price Adjustments table for the August issue of ASI was a real eye opener. Not only did we have more price announcements than ever before, but many seemed to be coming from the same companies over and over again.
In this time of economic uncertainty, it’s important to keep things in perspective. Adam Cort, technical editor of our sister publication ASSEMBLY Magazine, had an interesting blog post recently on the current downturn. He says that the destruction of old businesses is necessary, not just to make room for new business, but to ensure long-term productivity. New businesses are a major driver in terms of the efficiency with which they are manufactured. Read his full blog post here.