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This quote can be traced back to Abraham Lincoln, a wise man indeed.  The premise is sound and supports a bias for action to realize opportunity, or even the notion of build it and they will come.  In today’s manufacturing economy we have access to a lot more data than good ol’ Abe had back in the day.  Shops can gather information to make educated decisions, but success is still dependent on one’s ability to execute, jumping in with both feet and taking the lead.

At times it is difficult for some shops to commit, especially given the current economy that seemingly defies logic in many ways.  But victory belongs to the bold; those who can identify an opportunity and seize it.  And a good place to start is with educated predictions for what the New Year has in store.  Here is a selection of viewpoints from pundits across several industry segments:

• Manufacturing industry forecasts expansion for 2022 with a projected 6.5 percent gain in revenue and 15 of 18 industries forecasting revenue increases. Some of the industry segments anticipating revenue boosts include machinery, fabricated metal products, transportation equipment, and miscellaneous manufacturing.  More…
• S&P Global Market Intelligence commodities outlook projects global metals sector set to continue rebound in 2022 amid driving growth in electronic vehicles energy transition in key markets.  More…
• Top-Tier Manufacturers Will Prioritize Creativity and Sustainability.  More…
• 2022 could be a big year for fabricators that invest in technology and navigate the industry’s two main challenges: the lack of workers and a volatile supply chain.  More…
• The World Steel Association forecasts steel demand will grow an additional 2.2 percent in 2022 to 1.9 billion tons. This follows a 4.5 percent growth in demand in 2021.  More…
• What’s ahead for the Auto Industry in 2022.  Undeniably, 2021 was a difficult year for manufacturers, OEMs, and suppliers. As we turn to 2022 to absorb and adapt to the many COVID-related blows, some predictions seem safe to bet on. More…
• Airlines see sharply lower losses in 2022, recovery in sight. Global airlines are projecting a sharp reduction in industry losses next year as a multi-speed recovery from the coronavirus crisis gets under way, with passenger revenue in 2022 is expected to jump about 67% year-on-year to $378 billion. Air cargo is forecast to remain a bright spot, with demand seen rising 13.2% above the 2019 levels.  More…
• Sustainability will continue to disrupt the energy market in 2022 as stakeholders seek to take leverage renewable energy ahead of conventional energy to de-carbonize operations and mitigate climate change.  Factors including rising energy prices (especially in Europe, China, and Latin America), carbon reporting requirements, lack of new investments in energy technologies, and low return on investments on existing technologies look to be the biggest challenges.  More…
• The healthcare industry has experienced significant growth and changes over the past few years. Here are three trends in healthcare that I think will continue through 2022 and what companies in the industry should consider doing to maintain a competitive advantage.  More…

We all need to do our homework, pick our battles, draw up our plans, and EXECUTE.  Already have too much on your plate?  Hogwash!  You might need to be more efficient, in other words, do more with what you already have in place.  This is something we are good at; we help shops become more efficient, leaner, by helping them increase throughput without increasing overhead.

What you do with the information provided is up to you, but regardless, I wish you a healthy, happy, and prosperous 2022.  Let me know if we can help.

Thanks for reading –

Ben