John Hill Quoted in Modern Materials Handling
St. Onge Company's John Hill was recently quoted in a Modern Materials Handling article concerning the results of the Peerless Research Group’s 2015 State of Warehouse/DC Equipment Survey. The article, entitled "2016 Warehouse/DC Equipment Survey: Investing in information infrastructure," explores what the findings mean for the future of DC operations, and asks top experts for their opinions on the results.
According to John Hill, managing director at St. Onge Co., a consulting firm specializing in designing and implementing solutions for manufacturing, warehouse and distribution operations, the survey results are well-aligned with recent Material Handling Equipment Manufacturing (MHEM) forecasts published by MHI.
“After record increases in 2015, new orders and shipments of 6.1% and 7.2% respectively, the outlooks for this year and next suggest caution,” Hill says. “Indeed, the MHEM projects that reduced domestic demand will lead to a 13% fall off in new orders in 2016 followed by a 7.8% drop in 2017 with revenues for those two years falling by 6.9% and 4.5% respectively.”
Underscoring these projections, ISM’s PMI reading for January 2016 stood at 48.2, the lowest January reading since 2009 and an indicator that the economy is declining. “I hasten to add that there are some bright spots,” Hill adds.
Click here to read the full article on the Modern Materials Handling website!