Jul 05

How Long Is It Going To Last

How Long Is It Going To Last?

ArrowBid requests are rolling in, contracts are being signed and backlog is finally notable. The year started with good predictions and hasn’t disappointed.

Dodge Data & Analytics’ 2016 Construction Outlook report predicted 6% growth, with the value of construction starts reaching an estimated $712 billion.

Distributors are busy, most are confident enough to hang out the help wanted sign. A few are holding off retirement planĀ one customer said to me. Another is willing to “ride out this wave” before putting up his board. Definitely a refreshing change from conversations of recent years past.

It is evident though, that the scars from those lean years are still visible. As conversations about the current good conditions slow they immediately shift to ones of concern. Everyone is asking the same question, “How long is it going to last?”

Predictions and theories are many. Most distributors fear that we will be repeating the whole nightmare again, and soon.

Let’s face it, there are some valid reasons for these concerns. The upcoming presidential election, the effect foreign events like Brexit have on the global economy and the sharp increase in steel prices name just a few.

Advice? Expect the best, prepare for the worst. “They”, the all knowing experts, say to take full advantage of the many opportunities available, reduce debt and of course, store some cash.

The fact that we are all discussing these concerns while at the same time enjoying the feast can only mean that we will be better prepared if and when we face challenging times again.

I wish you all much success, we are in this together!

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