AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Industry forecast - when the going gets tough....
Industry Forecast - When the going gets tough...
Contrary to popular opinion, and defying the doomsayers, the outlook for capital spending in the process industries is once again positive. Among the theories posited to explain this turn of events are that: The economy is fundamentally sound and recent downturns are merely market corrections; The economic inertia of such large industries makes it difficult to change previously planned expenditures; The industry is prepared to ride out the coming hard times by re-investing recent profits and thus positioning itself to take advantage of the next era of prosperity.
Whichever view one subscribes to - and there is …
