Equipment Manufacturers Expecting Sales to Increase in 2021

MILWAUKEE, WI – As the industry emerges from a full year under the COVID-19 cloud, a clear majority (88 percent) of equipment manufacturers report a positive outlook for 2021, according to a new survey released by the Association of Equipment Manufacturers (AEM). More than half of the respondents from leading equipment manufacturers expect sales to increase or remain stable despite the ongoing impact of the global pandemic. Looking at the biggest challenges facing company executives and the equipment manufacturing industry as a whole in 2021, respondents indicated that the lingering COVID-19 pandemic and keeping employees safe and on the job remain the top concerns, followed by finding skilled workers for new jobs being created. Face-to-face meetings with colleagues and work travel are the top two activities they look forward to in 2021.
(SOURCE: All Ag News)