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The End of 2009: Good Riddance !
For most of my fellow business owners, the title says it all…The End of 2009: Good Riddance. Good Riddance because the 2009 environment was full of business closures, job losses and customer’s holding onto their dollars and postponing and cancelling many projects. Here are some of the numbers:
| |
2009 |
Since Dec 2007
(Start of Recession) |
| Total Job Losses |
3.4 MM |
7.9 MM |
| Manufacturing Job Losses |
~1.1 MM |
2.1 MM |
| |
End Q3 2008 |
End Q3 2009 |
| Unemployment Rate |
6.8% |
10.0% |
| Real Domestic Product Growth |
-2.7% |
2.8% |
| Total Exports |
152 billion |
132 billion |
| Total Imports |
212.1 billion |
168.4 billion |
We have seen unprecedented assistance to banks and financial markets and a reorganization of two major American car manufacturers and the impact on the automotive supplier industry. Also, we had to adjust to a potential new normal going forward.
But on the flip side, for those of us who survived 2009, 2009 forced us to become better businesses.
- We have a business model that should work into the future.
- We have trimmed more than just the fat in our organizations, we are lean.
- We have spent time working and understanding our best clients to keep us going.
- As the economy starts growing, we will be in a better position to make even more profit.
So at the end of this year, let’s all wish 2009 a good riddance and look to 2010 for growth and profits…but let us never forget the lessons we learned in 2009 going forward. Let me know some of your lessons from 2009.
Ben Moore
Agent Technologies, Inc.
  
View Past Issues at: http://www.agenttech.com/archive.asp
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The Consumer's Workshop: the future of American manufacturing
The Consumer's Workshop: The Future of American Manufacturing is a hand book on how to setup the systems within your company and create the workforce you need to be successful now and in the future. Written by authors that have worked at some of America's largest manufacturers, founded their own manufacturing organizations and helped numerous small manufacturers grow.
The Consumer's Workshop: The Future of American Manufacturing is a must read for today's business leaders. It is insightful and provocative in its approach to where US manufacturing has been, how manufacturing got into the troubles it faces today and what we need to do to become the standard for world class once again. If we want to know how to regain that competitive edge once again, the roadmap is certainly the pages of The Consumer Workshop.
-- Bruce Vaillancourt,Director, NIST MEP Program, TechSolve, Inc.
 The Consumer's Workshop is an extremely timely review of how manufacturing strategy developed in the past
and how it will change in the future. The author team clearly demonstrates that companies have to change -- and provide plenty of advise how such a change should take place."
-- Frank Piller, PhD, International Manufacturing Consultant
As the authors make clear, eventually American manufacturing will become the workshop for direct production of consumer's own designs -- or it will be no more. Begin that path by following the steps outlined here."
-- B. Joseph Pine II, author, Mass Customization: The New Frontier in Business Competition
Investment: $12.99
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| In This Issue |
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The End of 2009: Good Riddance !
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| xRP: Free 30 Day Trial |
| Manufacturing Statistics December 2009 |
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Manufacturing Statistics
1) Manufacturing Output decreased 0.1% in October 2009 with durable goods decreased 0.4% and nondurable goods
decreased 0.2%.
Source: Federal Reserve Board
2) Manufacturing Employment fell by 41,000 jobs in November 2009.
Source: Bureau of Labor Statistics
3) Manufacturing Trade Deficit in September 2009 increased $5.6 billion, or 13.4%, to $47.6 billion. Sources: Census Bureau, Bureau of Economic Analysis
4)Manufacturers' New Orders in October 2009 increased $2.1 billion, or 0.6%, to $360.5 billion. Source:Census Bureau
5) Manufacturers' Inventories increased $1.8 billion, or 0.4 %, to $493.0 billion. Up after 13 consecutive monthly decreases.
Source: Census Bureau
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