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Economic Advisory Report
During uncertain times, look to MHEDA for economic data, guidance and insight. MHEDA Members have exclusive access to a FREE, quarterly report, produced by experts at ITR Economics. This report is generated specifically for MHEDA Members and provides you with clear, actionable data and insights. This is an excellent tool for you and your leadership team to utilize as you plan for shifting economic conditions. Download your report today and share with your team.
Report Highlights:
- Updated Quarterly
- FREE for MHEDA Members
- Includes data trends, moving averages and totals;
- Describes data on future demand for your products and services;
- Uncovers foresight of the expected growth and contraction in the market;
- Provides growth rate forecast for 2023, 2024 and 2025;
- Offers advice and insights for how to manage during four different Business Cycle Phases (Recovery, Accelerated Growth, Slowing Growth and Recession.)
- Includes strategic insights for leaders on seven key markets (see image below);
- And so much more!
Q1 2023 Key Insights (Report Published February 1, 2023)
Ten Key Insights from the Q1 2023 Report: “What A Yield Curve Inversion Means for You”
According the closely monitored data, there is an 88% probability that a recession is coming.- Expected decline throughout 2024.
- Three main tailwinds – reshoring, backlogs, and a solid consumer balance sheet – will keep the recession relatively mild.
- It will be especially important to understand the degree to which your business will (or will not) be impacted by a macroeconomic recession. Use the forecasts in this report to help.
- Take this as an opportunity to upgrade your talent pool in preparation for recovery and rise starting in 2025.
- In spite of this, the labor market and consumer balance sheets look very strong, offering upside risk.
- What can you do amid the uncertainty? First and foremost, make a plan and work the plan.
- Get your employees excited and focused on implementing those plans; but be ready to adjust your plans as things develop.
- Monitor your cash flow more carefully than before.
- Lastly, lead with confidence and be opportunistic. Your competitors may go into panic mode. Do not follow them there.
Report Summary Excerpt:
“Rain or shine, we constantly monitor our system of leading indicators for signs of improvement or
deterioration. In the last quarter, we’ve seen broad-based weakness, coupled with a new signal: short-term interest rates, as measured by 3-month Treasury yields, are now higher than long-term interest rates, as measured by 10-year Treasury yields. This so-called “inverted yield curve” signals an 88% probability that recession is coming for US Industrial Production; the Federal Reserve has raised short-term interest rates too far, too fast.
We lowered our annual average US Industrial Production forecast by a slim 0.4% for 2023. Instead of the mild growth (+1.6%) previously forecast, we now expect activity to be virtually flat for 2023 (+0.1%) relative to 2022, with decline developing late in the year. 2024 is impacted more significantly. Prior to the extremely sharp and fast rate hikes by the Fed, we had been expecting growth for 2024. Now we expect decline to extend throughout 2024, with the year coming in 2.3% below the 2023 average, as it typically takes just over a year for yield curve inversions to translate to recession.”
Order and Download Report Now (requires member login)DSC (Distributor Statistical Comparison) Report
2023 surveys are now open!
MHEDA’s DSC Report is a financial benchmarking study that annually provides key insights into exactly how the “high-profit firms” generate better profit numbers. It focuses intently on the three profit drivers: growth, gross margin and expenses. The report, available for Industrial Truck, Storage & Handling and Engineered Systems, provides clear evidence as to how small differences in a few areas translate directly into higher levels of profitability. The DSC Report is a summary of dealer member financial data presented in tables and graphs designed to provide a comprehensive guide for analyzing profitability. Member Cost: $500
Learn More and Participate in the 2023 Survey
Purchase 2022 Report (requires member login)
Podcasts
Economic Advisory Podcasts
Don’t have time to read an economic report? Listen to the podcast! In approximately 10-minutes you will hear the critical highlights of the economic report via podcast.
Economic Advisory Report: January 2023
February 1, 2023Duration: 10:54
This quarterly economic report, published by ITR Economics, features data specifically for the material handling industry to assist MHEDA members plan for the year ahead. The full detailed report is […]
Economic Advisory Report: October 2022
November 4, 2022Duration: 09:26
This quarterly economic report, published by ITR Economics, features data specifically for the material handling industry to assist MHEDA members plan for the year ahead. The full detailed report is […]
Economic Advisory Report: July 2022
July 26, 2022Duration: 11:01
This quarterly economic report, published by ITR Economics, features data specifically for the material handling industry to assist MHEDA members plan for the year ahead. The full detailed report is […]
Economic Advisory Report: April 2022
April 30, 2022Duration: 08:58
This quarterly economic report, published by ITR Economics, features data specifically for the material handling industry to assist MHEDA members plan for the year ahead. The full detailed report is […]
Economic Advisory Report: January 2022
January 27, 2022Duration: 10:18
This quarterly economic report, published by ITR Economics, features data specifically for the material handling industry to assist MHEDA members plan for the year ahead. The full detailed report is […]
NEW 2023 3PL Industry Update & Outlook
Armstrong & Associates is the leader in researching the US 3PL marketplace. Each year Armstrong is hosted by Stifel Research to provide the 3PL Industry Update and Outlook. This is a complete view into the 3PL market providing you with valuable information on the direction of the brokerage marketplace.
Topics covered
- Overall U.S. 3PL Market Trends and ongoing COVID-19 Impacts
- E-commerce Logistics, Warehousing and 3PL Trends
- Amazon as a 3PL and the Competitiveness of Fulfillment by Amazon (FBA)
- Digitalization of Freight Brokerage
MHEDA-TV Videos
DSC 101: How & Why to Participate in this Benchmarking Survey
March 14, 2023Duration: 29:11
Are you curious about the DSC Survey but unsure what it entails? This presentation shows how to use this benchmarking tool and why members see value in participating. You will […]
Cash Flow Strategies for Navigating Your Business
February 2, 2023Duration: 01:01:49
Managing cash flow continues to be one of the biggest issues small business owners face. Almost two thirds of small business owners are regularly stressed or have anxiety about cash […]
WEX Fuel Savings Program
June 21, 2022Duration: 06:41
Your MHEDA membership can help you reduce the impact of rising fuel costs! MHEDA has partnered with Savings4Members to offer discounts on many business services including exlusive savings with WEX […]
Economic Insight: Accurately Prepare for Tomorrow
May 10, 2022Duration: 01:03:00
Key segments of the US and global economy are experiencing a decelerating rate of rise while others are accelerating. In this session presented at the 2022 MHEDA annual convention, Brian […]
Financial Benchmarking with the DSC Report
February 12, 2022Duration: 00:31
Access to financial benchmarking data will help you plan for the future. The MHEDA DSC (Distributor Statistical Comparison) Report is a financial benchmarking study that reviews and compares MHEDA distributor […]