- Policy pressures/benefits on business | Consumer behavior | Business spending
- Labor market | Commodity prices | Interest Rates | Impact on wood manufacturing markets
"Housing and consumer spending has slowed noticeably"
"You are not going to catch a break on wage pressure for a long time"
"We see a tendency toward tariffs"
"Labor shortages are great for people who sell robots"
"If you are not focused on how to hire a millenial you are going out of business."
- How will commercial construction do in 2019? The good news is that commercial construction is ramping up in 2019. It lags the macro-economic environment, and our ITR Leading Indicator ias signalling the pedal to the metal for commercial construction and for non-residential construction in general as we go through 2019.
- In 2012 you predicted at EBC there would be a major turndown in 2019. What has changed? What has changed is the oil and gas industry in this country. We have become essentially energy self sufficient, fracking has made all the difference. We are exporting oil and will be exporting liquid natural gas. That may not impact this indsutry diretly but it hasa a huge impact on the U.S. economy. And as we become the number 1 producer of oil and gas in the world, it has really added a lot of strength to our economy, and at the same time it has brought more businesses into the U.S. One of the five reasons that peple give for moving their businesses to the U.S. is the low cost stable energy source in the U.S. And taht means jo s, it means taxes, it mean more economic growth.
- What about the impacts of disruptive technologies on forecasts? Take something like Carvana: they will give you a price for you car online, and if you agree, they will send a truck to pick it up. That has a disruptive effect on the auto industry. That can happen in this industry, too. There can be dramatic changes in technology in the woodworking industry that can impact people listening to this webinar. That means you have to be forever in tune with those technological changes and enhancements. You have to be on the cutting edge; you have to be adaptive to what is going on. The other thing that comes to mind when thinking of disruptive technology is that those big items you can't see coming. You have to be carefull with any kind of straight-line thinking, because that can happen.
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