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U.S. manufacturing experienced its own recession for nearly two years in 2015-2016, but experienced a resurgence in the past year. While the economy overall faces uncertainty, there are positive indicators that industrial production will continue its growth. For manufacturers that understand the current economic trends, there are many new opportunities for business development if they strategically invest in the right areas.
Inherently, building accurate forecasts is a challenge for manufacturers. Unlike B2C companies, they need to accurately forecast economic trend 18-months to two years in advance. This can be complex and it is easy to be misled by false indicators. In this webinar, Andrew Duguay, senior economist at Prevedere, will give an overview of the current state of U.S. manufacturing, opportunities for growth and which economic indicators should be used in developing a long term forecast.
About the Speaker
Andrew Duguay is a Senior Economist for Prevedere, a predictive analytics company that helps provides business leaders a real-time insight into their company’s future performance. Prior to his role at Prevedere, Andrew was a Senior Economist at ITR Economics. Andrew’s commentary and expertise have been featured in NPR, Reuters, and other publications. Andrew has an MBA and a degree in Economics. He has received a Certificate in Professional Forecasting from the Institute for Business Forecasting and Certificates in Economic Measurement, Applied Econometrics, and Time-Series Analysis and Forecasting from the National Association for Business Economics.
Prevedere is an industry insight and predictive analytics company, helping business leaders make better decisions by providing a real-time view of their company’s future. Our external real-time insights engine constantly monitors the world’s data, identifying future threats or opportunities to business performance. Along with a team of industry experts, data scientist, and economists, Prevedere helps business leaders make the right decisions in an ever-changing world.