Based on recent surveys, when you think about NAED, you think of education and conference opportunities. And that is great, because the training provided by NAED has helped countless people further their careers, while NAED conferences combine top-level speakers and education sessions with three days of networking at fantastic locations.
But as you navigate your future and work to emerge from the impact of the COVID-19 pandemic, you need more industry intelligence to help make those decisions. Key pieces to consider for the future of your company include an economic outlook and a deeper dive into projections on how the economy for our supply chain will look over the next quarter and beyond. That’s why NAED’s Research and Data Analyst Erin Prinster is launching a brand-new Economic and Industry Sector Outlook and Construction Index for NAED members. Comprised of three insightful sections, it will be available quarterly to NAED members beginning October 19.
This approach provides NAED members with critical information needed by you and your team in one place. You can try to gather all of this information yourself, but the hours of searching, researching, and analyzing would probably take you past the deadline to make decisions that will have a positive impact.
The first piece is the Economic Outlook, which provides a view of the economy as a whole using indicators that include copper prices, unemployment, and GDP, to name a few.
The second piece is the Industry Sector’s Report that will identify business opportunities for growth by viewing revenue trends, potential capital spend, and other indicators for those industries. The industries we are covering in the report include:
- Automobile and Light Duty Manufacturing
- Data Processing, Hosting, and Related Services
- Electrical Wholesaling
- General Medicine and Surgical Hospitals
- New-Multi and Single-Family Housing
- Oil and Gas Extraction
- Pharmaceutical Manufacturing
- Sewage Treatment Facilities
- Supermarkets and Other Grocery Stores
And the third piece of this new offering is the Construction Index. Prinster will conduct research to show you a combination of current trends and a peek into the future using population data to forecast which markets may be poised for growth or remain flat. This index is something NAED members have asked about for a long time, particularly more data on the Metropolitan Statistical Areas (MSAs) where members do business. Right now, the Construction Index has information for 102 different MSAs through the second quarter of 2020.
Since the pandemic started, you have continued to make tough decisions on so many levels. NAED launched products like this to help you assess and recover from the financial fallout of COVID-19 and determine your course of action. The Economic and Industry Sector Outlook is both. Prinster will gather this information each quarter by digging into the key economic indicators that have the most impact on you.
“I believe there is opportunity everywhere,” Prinster says. “Creativeness, innovation, and simple thinking is what is going to win. NAED members can take the information I have provided and plug it into their models. They also need to factor in the context that is provided in these outlooks. Not only do we need to think about the trickle-down effects, but the sideways effect, the ‘what-ifs?’, and the ‘what abouts?’” This Economic and Industry Sector Outlook provides those nuggets of information to get our members thinking differently about the future.
You can get the complete set of research two ways — either through a quarterly or a yearly subscription. If you purchase the 2021 annual subscription now, you will receive a complimentary version of the complete October 2020 issue, which means you receive 5 quarterly reports for the price of 4. The prices are $1,499 for each quarterly report, or $4,999 for all of the quarterly 2021 reports and the free report for October 2020. For more information, and for details on how to purchase the Economic and Industry Sector Outlook and Construction Index, you can e-mail the NAED Member Engagement Team at firstname.lastname@example.org, you can click this link for more information on the NAED website, or you can simply order it here.