By Clay Stevens, President, International Exposition Co.
It’s not surprising news that an improving economy generally benefits most industrial sectors. However, several interesting findings were discovered in a survey we recently sent more than 200 manufacturing companies that will be exhibiting at the 2013 CHEM SHOW in New York City this December.
The survey forecasts CPI economic conditions through 2014, and there were some encouraging results. An optimistic 67% of respondents said they expect economic conditions for the CPI to improve.
What I found particularly promising is that more than two-thirds of the respondents (71%) said the improving economy will drive increased attendance at the CHEM SHOW and 64% said they will be unveiling new equipment at the Javits Convention Center this December. This indicates to me that more companies are developing new product and equipment solutions to display to the thousands of CPI professionals who will be coming to the Show.
Further reinforcing this optimistic outlook is that nearly three-fourths (73%) of the survey respondents said they expect sales increases through 2014 with only 14% indicating they expect sales to remain the same.
These findings are consistent with a survey we did in conjunction with this publication back in April that found production and capital spending will increase this year, and the next. Respondents to this earlier survey revealed that in the areas they work at in their companies, 88% said production will either increase (55%) or stay about the same (33%) over the next 12 months. Further, 72% of respondents predicted capital expenditures in 2014 will either increase (47%) or be about the same (25%) compared to 2013.
So with two months remaining before the 98th biennial CHEM SHOW, it appears that indicators are pointing to an event that will be ready to meet the growing need for products and services in the CPI. This year we are expecting more than 5,000 attendees who will come looking for innovative solutions to their specific processing challenges.
However, these solutions won’t be confined to the exhibit floor. In addition to the hundreds of new products on display on the exhibition floor, the American Institute of Chemical Engineers (AIChE) will host the Northeast Manufacturing Conference at the CHEM SHOW.
The conference program will address core concerns such as process safety, environmental issues and energy conservation. In addition, there will be a day of tutorials that will give attendees in-depth knowledge of specific process applications.
If you are a CPI professional involved in processing chemicals, plastics, pharmaceuticals, foods or any other processed products, you don’t want to miss the number one Chemical Processing Industries event in North America. For more information on exhibiting or attending the CHEM SHOW, call 203.221.9232 or email: email@example.com.