Safety Glove Market projected to be almost $10 billion by 2016

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You’ve got to hand it to the industrial safety glove market: By the year 2026, total worldwide sales will reach $9.5 billion, thanks to increased safety consciousness among both employers and consumers. That’s according to analyst firm Future Market Insights.

“Growing awareness among consumers regarding health and hygiene, mounting number of accidents at workplaces, and the need for safety against hazardous chemicals and equipment handling has fueled adoption of industrial safety gloves,” observes Yogesh Sengar, a consultant with the analyst firm.

In terms of trends, disposable gloves, Sengar says, are increasing in popularity due primarily to their comparatively lower cost compared to reusable gloves. Various OSHA standards, meanwhile, are pushing the demand for various industrial safety gloves such as neoprene gloves or nitrile gloves.

Another trend impacting the use of industrial gloves has been the rise in automation in the manufacturing sector, particularly as it has reduced the need for humans in some tasks better suited for robots. It stands to reason, then, that as robots replace people in some of the more hazardous areas of manufacturing, that the demand for personal protective equipment such as gloves could be impacted. Robots, after all, don’t need gloves.

While North America is currently the leading market for industrial gloves, the demand for such gloves in Europe is expected to outpace that of North America by 2026. In fact, even the Asia-Pacific region (excluding Japan) will be a bigger market by 2026 than North America, Sengar predicts.

The most popular type of safety glove will continue to be chemical protective gloves, followed by leather gloves. In addition, rubber insulating gloves will also represent a significant portion of the total market by 2026. The fastest-growing product type over the next eight years will be metal mesh and fabric gloves.

All told, the compound annual growth rate for industrial safety gloves between now and 2026 will be 4.6%, with the fastest growing end-user markets being pharmaceutical and food manufacturers.

Source: New Equipment Digest

Your industrial brand is 5300% more likely to rank on the first page of Google when you use videos

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Did you know that including video on a landing page can increase conversions by 80% or improve your odds of landing on the first page of Google by 5300%? 

Selecting the right type of video for your needs, your customers' interests, and the requirements of social platforms can be a lot to figure out.

Luckily, the infographic in the story below can help. First it defines four common types of marketing videos: explainer, demonstration, testimonial, and personalized.

Then it offers a graph that shows what the length of each type of video tends to be.  Finally, the graphic explains the pros and cons of displaying video on each of the most popular social platforms.

https://www.marketingprofs.com/chirp/2028/33411/social-video-marketing-tips-for-small-businesses-infographic?adref=nlt020818

Manufacturers expect 5.1% growth in 2018

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Economic growth in the United States will continue in 2018, say the nation’s purchasing and supply management executives in the December 2017 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report On Business.

The manufacturing sector is optimistic about growth in 2018, with revenues expected to increase in 16 manufacturing industries, and the non-manufacturing sector indicates that 17 of its industries will see higher revenues.

Capital expenditures, a major driver in the U.S. economy, are expected to increase by 2.7 percent in the manufacturing sector and increase by 3.8 percent in the non-manufacturing sector. Manufacturing expects that its employment base will grow by 1.2 percent, while non-manufacturing expects employment growth of 1.5 percent.

Manufacturing Summary

Expectations for 2018 are positive, as 70 percent of survey respondents expect revenues to be greater in 2018 than in 2017. The panel of purchasing and supply executives expects a 5.1 percent net increase in overall revenues for 2018, compared to a 4.6 percent increase predicted for 2017 over 2016 revenues.

The 16 manufacturing industries expecting revenue improvement in 2018 over 2017 – listed in order – are: Fabricated Metal Products; Electrical Equipment, Appliances & Components; Nonmetallic Mineral Products; Machinery; Miscellaneous Manufacturing; Computer & Electronic Products; Transportation Equipment; Plastics & Rubber Products; Primary Metals; Paper Products; Textile Mills; Chemical Products; Food, Beverage & Tobacco Products; Furniture & Related Products; Printing & Related Support Activities; and Petroleum & Coal Products. 

Manufacturing purchasing and supply executives expect to see growth in 2018. They are optimistic about their overall business prospects for the first half of 2018, with business continuing to expand through the second half of 2018.

In 2017, manufacturing experienced 11 straight months of growth from January through November, resulting in an average PMI of 57.4, as compared to 51.5 for 2016.

Respondents expect raw materials pricing pressures in 2018 to increase, and expect their profit margins will improve in 2018 over 2017. Manufacturers are also predicting growth in both exports and imports in 2018.

Respondents also expect the U.S. dollar to strengthen against all seven currencies of major trading partners in 2018, as was the case in 2017. 

The panel predicts the prices paid for raw materials will increase by 1.3 percent during the first four months of 2018, and will increase an additional 0.5 percent during the balance of the year, with an overall increase of 1.8 percent for 2018. This compares to a reported 2.1 percent increase in raw materials prices for 2017 compared with 2016.

https://www.mdm.com/articles/38143-forecast-economy-to-grow-in-2018?pop=no&utm_source=Real%20Magnet&utm_medium=email&utm_term=6864%253A%2520CRM%2520Success%2520Requires%2520Broad%252DBased%2520Support&utm_content=3031051653&utm_campaign=121541965

CEO Confidence rose 4% in 2017 Q4

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The Conference Board Measure of CEO Confidence™, which declined in the third quarter, bounced back in the fourth quarter of 2017. The Measure now reads 63, up from 59 in the third quarter (a reading of more than 50 points reflects more positive than negative responses).

“CEO confidence rebounded in the final quarter of 2017, following back-to-back quarterly declines,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “CEOs’ short-term expectations for growth in both mature and emerging markets also improved, and they expressed the greatest optimism about short-term prospects in the U.S. In 2018, CEOs anticipate hiking prices by 2.1 percent, up from 1.3 percent last year.”

CEOs’ assessment of current economic conditions improved considerably. Currently, 71 percent say conditions are better compared to six months ago, up from 56 percent in the third quarter. However, CEOs are moderately less optimistic in their appraisal of current conditions in their own industries. Now, 49 percent say conditions in their own industries have improved, down from 53 percent last quarter.

Looking ahead, CEOs’ expectations regarding the short-term outlook was significantly better. Now, 47 percent expect economic conditions to improve over the next six months, compared to just 39 percent last quarter. CEOs were also more upbeat about short-term prospects in their own industries over the next six months, with 41 percent anticipating conditions will improve, versus 36 percent in the third quarter of 2017.

For more information: https://www.conference-board.org/press/pressdetail.cfm?pressid=7284

Facebook has now superseded LinkedIn as the most-important social media platform for B2B marketers

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In its annual social media survey, Social Media Examiner learned that Facebook has superseded LinkedIn as the most important social media platform for B2B marketers for the first time ever.

Clearly, Facebook dominates in the B2C space (72% of marketers select it as their number-one choice). However, for B2B marketers, Facebook also grabs the most important slot, surpassing LinkedIn. Changes since 2016: For the first time in the history of the study, Facebook has passed LinkedIn as the most important platform for B2B marketers. LinkedIn dropped from 40% to 37% and Facebook rose from 37% to 43% for B2B marketers. You will need to sign up to download the report, which contains a lot more information.

https://www.socialmediaexaminer.com/wp-content/uploads/2017/05/Industry-Report-2017.pdf

Now, if you're wondering WHY Facebook is beating LinkedIn, that's a different story. According to Beacon.com, both are valid B2B plays, but Facebook had recently been overlooked somewhat because it wasn't seen as a serious business marketing platform. Then B2B marketers began realizing businesses are made up of people. And people are on Facebook. Lots and lots of them. 

Facebook as 236 million active US users, versus LinkedIn's 128 million. So there's that. What's more, Facebook enjoys a longer average dwell time than LinkedIn. As you might suspect, there's lot's more to this analysis. If you want dive into those details, you can do so here:

https://beaconmm.com/facebook-vs-linkedin-which-one-is-the-b2b-marketing-winner/

 

Gross Domestic Product Up 3.2% in 3Q 2017

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Real gross domestic product (GDP) increased 3.2 percent in the third quarter of 2017, according to the Bureau of Economic Analysis. In the second quarter of 2017, real GDP increased 3.1 percent.

The increase in real GDP reflected increases in consumer spending, inventory investment, business investment, and exports. Imports, which are a subtraction from GDP, decreased.

The increase in consumer spending reflected increases in spending on both goods and services. The increase in goods was primarily attributable to motor vehicles. The increase in services primarily reflected increases in health care, financial services and insurance, and food services and accommodations.

The increase in inventory investment primarily reflected increases in wholesale trade and in manufacturing industries. The increase in business investment reflected increases in equipment and intellectual property products; these increases were partly offset by a decrease in structures.

https://www.bea.gov/newsreleases/national/gdp/gdphighlights.pdf