How will 2024 end with respect to the economy? What will 2025 look like? Will the presidential election affect the outlook? The MTForecast 2024 conference, presented by AMT – The Association For Manufacturing Technology, will help manufacturing leaders navigate the future with presentations by Alan Beaulieu, president of ITR Economics, Mark Killion, director of U.S. Industries at Oxford Economics, Glenn McDonald, principal at AeroDynamic Advisory, Chris Chidzik, principal economist at AMT, and other experts.
MTForecast takes place at the Renaissance Schaumburg Convention Center Hotel in Schaumburg, Illinois, on Oct. 9-11.
“The big question we always get is ‘Will we change our forecast based upon who wins the election?’” says Beaulieu. “The answer is a fundamental no, and I’ll explain why at MTForecast.”
Beaulieu is a renowned economist and forecaster with over 30 years of experience delivering award-winning workshops and economic analysis seminars around the world. MTForecast 2024 will be one of his last engagements before retirement.
“Besides the networking – which I think is the best reason to attend these meetings – attendees will get a view of the economic landscape for the next three to five years so that they can do more than react to the near-term news,” he says. “Attendees can make plans to maximize their company’s position in the face of what we believe will be sustained labor challenges and inflation issues.”
Oxford Economics’ Killion says his presentation will dive into industry from a more holistic perspective: “The thrust of my presentation is the outlook forecast for machine tools and machine tool orders. In particular, what do we expect the next year to bring? I will put that in the context of the U.S. economic cycle and manufacturing in particular, focusing on key drivers of the machine tool industry, such as housing, electronics, semiconductors, and the defense industry.”
Oxford Economics has a unique and independent perspective. It brings the global view of industries around the world and meshes them with national and local interest to give manufacturers a comprehensive view.
“At MTForecast, we’ll give attendees an idea of the magnitude of their risks so that they can improve their market and resource planning,” Killion says.
AeroDynamic Advisory’s McDonald will dive into the prospects of the dynamic and evolving aerospace sector. AeroDynamic Advisory has a deep understanding of all segments of the aerospace and defense market and helps clients understand market nuances of new technologies.
“I’ll be stepping through each of the end-user segments in aerospace and defense, giving our 10-year forecast and what the drivers and bottlenecks are,” says McDonald. “Having balance in the client portfolio is more important than ever because the risks are more program-specific and unpredictable than ever.” A recent example is the halt on production of the 737 Max due to operational issues.
“The presentations at MTForecast help manufacturers apply the right resources to the right areas,” says AMT’s Chris Chidzik, who will present the Gardner Capital Spending Survey at the event. “The ability to network at MTForecast also gives attendees a sense of perspective on how their peers are navigating industry and economic challenges, such as by gaining efficiency through automation, robots, and software that eliminates paperwork.”
Learn more and register for the MTForecast 2024 conference.
