State of the Industry – 2021-Q2

Here is the quarterly Exotek State of the Industry Report in which we consolidate various sources of information into a single report. We look at economic indicators and key vendor releases to get a better idea of the overall health of our industry. Highlights include:

  • The latest economic indicators which were all pointing to strong growth. As I mentioned, the PMI index is as high as it has been in over 25 years.  According to Yahoo!News,  US manufacturing activity hits a 37-year high. The upswing in new orders is prompted by pent-up demand. This is great news for our SI community as increased manufacturing inevitably fuels the need for more automation, perhaps even more so in this COVID era where there is a push to reduce manufacturing dependency on manual labor.
  • All of the six biggest manufacturing industries — Fabricated Metal Products; Chemical Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; Transportation Equipment; and Petroleum & Coal Products, in that order — registered moderate to strong growth in April.
  • Revenue growth from key vendors including Rockwell, Schneider, Siemens, and NI with Emerson report flat revenue from prior year.

Let us know if what you find valuable about this publication as well as how we can improve it.

May 19, 2021