Oh how time flies when you’re having fun err working. I just got back from Scottsdale AZ for the Industrial auctioneers association meeting. The facilities were great, the company was outstanding, and the golf was good unless you got off the fairway into the granite. (Ouch)
Made new friends and talked about the industry as a whole. One particular nugget that came up was the price of scrap across the globe. A few of the auctioneers attributed the slowing Chinese economy and lower gas prices as factors driving down the price of scrap in addition to the sheer volume on the marketplace. Jobs are being bid more competitively and the margins are thinning on the returns.
Some challenges are still the same. Industrial auctioneers still work to find buyers for the assets and real estate. Their methodologies are evolving with the increasing volume of online auctions and auction platform providers that provide more and more tools for their clients.
Another topic of consideration was the discussion behind the diversification of funds to purchase a project. No longer is it the norm where you go to one place to do a complete buy out. Auctioneers are teaming up for the bigger sales in order to get the job done. Collaboration is a continuing norm amongst industrial auctioneers.
Industrial auctioneers are in the manufacturing business and recently, I found an article on the public’s view of American manufacturing. See the infographic here:
Here is a link to the full 17 page report: http://www2.deloitte.com/content/dam/Deloitte/us/Documents/manufacturing/us-manufacturing-pip-public-perceptions-10232012.pdf
Here is yet another report, recently published, that talks about how Americans are a little nervous about the future of domestic manufacturing: http://www2.deloitte.com/content/dam/Deloitte/us/Documents/manufacturing/us-manufacturing-cip-2011-public-viewon-manufacturing-report-090811.pdf
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