"We are not Wall Street analysts or experts on the U.S. economy," says Mike Kean, President. "But, 41% of our clients are manufacturers and distributors. As such, it behooves us to watch the economic indicators and read the industry reports."
A recent article in Modern Distribution Management, for example, predicts that the U.S. manufacturing recovery continues on track and should outperform overall GDP growth through 2013, this based on the Manufacturers Alliance for Productivity and Innovation (MAPI) U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries. The report specifically cites "pent-up demand" and the need for profitable firms "to spend more for both traditional and high-tech business equipment."
A second article based on the Manufacturing Institute for Supply Management Report on Business, indicates that the manufacturing sector expanded in March, as 15 of the 18 manufacturing industries tracked recorded growth.
"We see that data confirmed in the growth of our business," explains Rich Maloney, CEO. "As a provider of Microsoft ERP software systems for manufacturers and distributors, we are in a position to validate these positive trends. Our existing clients are growing and embarking on new projects to streamline their enterprises and gain a competitive edge. And the percentage of new clients purchasing manufacturing and distribution software is consistent with 41% ratio that has long defined the industry profile of our customer base."
Since manufacturing performance is generally viewed as an indicator of overall economic health, the positive trends in this sector constitute a harbinger of more good news to come.
About Altico Advisors
Headquartered in Massachusetts, Altico Advisors implements and supports business, financial, and customer management software solutions for mid-market enterprises, primarily throughout New England. Altico is a Microsoft Gold Partner specializing in Microsoft Dynamics GP (Great Plains) for ERP, Dynamics CRM, BI (Business intelligence)
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Postal code: 01752
Contact Person: Marcia Nita Doron
Telephone: 508-485-5588 x107
Company: Altico Advisors
Website URL: http://www.AlticoAdvisors.com