In the short and medium term, declining energy costs will be a boon to US manufacturing. Over the longer term, resource scarcity may prove to be a worldwide challenge.
Westbury issues first
Ingenuity, entrepreneurial energy and ever-cheaper processing are driving the sale of one billion smartphones in 2013, more than 1.5 billion unique social media site visitors per month, ever-more accurate predictions of human behavior through Big Data analyses, and rising Internet security threats.
The commercial aerospace/aviation sector has positive momentum and a strong outlook while defense and government contractors face budget cuts and industry cautiousness.
Westbury's commentary on the Clean Tech/Renewables Sector for the 1st Quarter of 2013
Global focus on the following Consumer sub-sectors: - Beverages - Food - Household and Personal Care - Outdoor Products - Logistics Primarily domestic focus on the following Retail sub-sectors: - Broadlines, Apparel, and Footwear - Casual Dining - Food Retail - Hardlines and Discounters - Quick Service Restaurants (QSR) - Specialty
The tale of North American manufacturing is one of competing headlines. On the one hand, Westbury bankers have spoken to numerous manufacturing executives who have conveyed their experiences of bringing manufacturing back from the East Asia, particularly China, to the U.S. On the other hand, another headline indicates that the second quarter got off to a thud.