Pulse of the Industry Survey Celebrates One-Year Mark
The 2Q24 Pulse of the Industry Report is now available for your review here. We’re thrilled to announce the addition of a new Executive Summary in this edition, which incorporates a year’s worth of trend data on key performance indicators.
Highlights include:
- In 2Q23 nearly 70% of total respondents reported expected customer demand in the infrastructure market to increase, however that dropped to roughly 55% in 4Q23 and has hovered around that level since.
- Nearly two-thirds of respondents indicated epoxy was at the “right amount” in 2Q23, and that has since jumped to 95% in 2Q24.
- Lead time for product inventory has been perceived as “stable” among a majority of respondents for all inputs over the past year.
- Inflation has been a topic of interest over the past four quarters, with 83% indicating its importance in 2Q24. Hiring & Training and Supply Chain Disruption have also been some of the most important topics for the industry since 3Q23.
The 3Q24 survey will be launched on June 15. Your support for this program and participation are, as always, greatly appreciated.