Materials handling industry rebounds

$75 billion. That could be the most important figure reported by the Material Handling Industry of America (MHIA), sponsor of ProMat, at its annual State of the Industry press conference yesterday.

By ·

$75 billion. That could be the most important figure reported by the Material Handling Industry of America (MHIA), sponsor of ProMat, at its annual State of the Industry press conference yesterday.

“That figure represents the capital spending plans of ProMat attendees over the next 18 months,” said George Prest, chief operating officer for MHIA. That’s right, ProMat attendees say they plan to spend $75 billion on the materials handling and information handling technologies on display that this year’s show in the next year and a half.

29%. That could be the second most important figure reported by MHIA. That represents the increase in pre-registrations for this year’s event over the 2009 show.

Taken together, the numbers paint a picture of why materials handling spending has begun to rebound from the recession that began in 2008. In fact, the chart of economic activity for the industry over the last few years looks very much like a V-shaped recovery, according to Prest.

Material Handling Equipment Manufacturers (MHEM) report that new orders grew by 18% in 2010 over 2009. Those same manufacturers are forecasting growth of 11% to 12% for 2011-2012. MHEM shipments—the actual deliveries of materials handling equipment and systems—grew between 6% and 7% in 2010 and are also forecast to grow by 11% to 12% in 2011-2012.

Finally, MHEM Domestic Demand, a figure defined as shipments to domestic customers plus imports of equipment by domestic customers less export shipments, grew 3% to 4% in 2010, but is forecast to grow 11% to 12% in 2011. MHIA is also forecasting strong export growth in 2011.

“The buying power of our attendees is the primary reason there’s a lot more activity and optimism on the floor this year over the 2009 show,” Prest said.

2011 Industry Outlook: Optimism shines
Materials handling industry experts report that 2010 was better than expected and believe that we’re painting a brighter picture for 2011.

ProMat 2011 will be held March 21 - 24, 2011 at McCormick Place South in Chicago. The tradeshow will showcase the latest manufacturing, distribution and supply chain solutions in the material handling and logistics industry.

Read all of Modern’s ProMat 2011 coverage

 

 


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

All Topics
Latest Whitepaper
New Supply Chain Technology Best Practices
New breakthrough developments, such as drones and driverless vehicles, seem to be everywhere.
Download Today!
From the October 2017 Logistics Management Magazine Issue
A leading distributor of professional salon products in the U.S. forms unique partnerships with its key LTLs to lower transport costs, reduce its carbon footprint and improve service to its 565 store locations.
Q4 2017 Rail/Intermodal Roundtable: Improvements apparent; work remains
LM Viewpoint: Collaboration, Now more than ever
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The State of the Rail/Intermodal Markets
In this webinar our panel will discuss the new service challenges facing rail/intermodal providers and offer practical advice for how shippers can keep efficiency high and costs down.
Register Today!
EDITORS' PICKS
SalonCentric: One Beautiful Network
A leading distributor of professional salon products in the U.S. forms unique partnerships with its...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...

26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...