The hydraulics industry shows significant promise in staying strong as inflation continues to increase costs worldwide. According to Technavio, the hydraulic equipment market is slated to grow by over $15 billion by 2025.

Automation and Training

With faltering economic recovery, companies are scrambling to deal with continued supply shortages, increasing commodity prices and higher wages triggered by labor shortages. In 2021, the producer price index (PPI) rose 10% in the industrialized world. The PPI measures the postproduction prices of goods and is a barometer of the pressures on corporations. The last time there was this level of increase in PPI was in the first half of 2008. Enough said.

My friend wanted to expand the size of his garage to make room for a large woodworking shop.  At the beginning of the pandemic, a contractor gave a $22,000 estimate.  However, the job was postponed for reasons unrelated to the cost. Recently, he decided to move forward, and the same contractor returned with a new quote last month: over $45,000.

Russia’s invasion of Ukraine has added an extra layer of uncertainty to supply chains and markets around the world. Specifically, the conflict has greatly impacted the nickel industry.

On January 3, 2022, Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts, and a premier provider of industrial technology solutions, completed the purchase of Kaman Distribution Group (“KDG”). This strategic and highly synergistic transaction broadens the market for this premier leader in industrial solutions and significantly enhances scale and strengthens the market-leading position of Motion, creating opportunities for accelerated organic growth.