If conditions in China are any indication, the mandated self-isolation and closing of non-essential businesses meant to mitigate the spread of the virus will be short-lived and economic activities will soon return to full strength. Most global economies are expected to bounce back by the end of the year and will experience a healthy rebound in 2021.Some countries like Canada, where population density, a rapid and collective response, and government stimulus are present, are expected to recover quite quickly. In contrast, countries that did not heed the warnings and procrastinated, may not fully recover until 2023-24. The favorable US to Canadian dollar exchange rate will also serve to stimulate spending in the Canadian manufacturing sector.
In light of the current economic environment, the way in which business is conducted is sure to change, but it will not diminish the need for products and the manufacturing equipment that produces them.
Macrodyne is a strong and healthy company. As North America’s largest hydraulic press manufacturer, with over three decades of experience, it is well-positioned to help manufacturers through these challenging times, ensuring they are ready for the return of the market with new or rebuilt equipment.
Positive steps have been taken to reinforce Macrodyne’s supply chain and parts inventory to insulate it from the temporary halting and disruptions of global supply chains, making it the lowest-risk solution provider available for customers who must make the difficult capital decisions that will keep their manufacturing operations optimized long after the virus is gone.