Despite slowing national economic growth, U.S. demand for office space continues to rise above forecasts.
Whether the West Michigan manufacturing industry continues on an ongoing growth trend in 2019 or veers into a contraction remains uncertain. Economist Paul Isely, associate dean for undergraduate programs in the Seidman College of Business at Grand Valley State University, uses automotive, furniture, agriculture, and “amazingly nowadays” aerospace manufacturing to find the pulse of where the region’s economy is headed in the coming months and years.
West Michigan-based manufacturing executives think 2019 marks a good time to take a pause from the recent breakneck pace of capital investments and acquisitions to focus on operations. That’s the general consensus from local manufacturing leaders across a range of industries who participated in a forward-looking roundtable discussion with MiBiz earlier this month.
Whether via acquisition or partnership agreements, West Michigan’s office furniture makers are looking to fill product holes with their recent spate of deals.
Spurred on by tax reform, a need for innovation and the current talent shortage, manufacturers increasingly have embraced automation on their shop floors.
CHICAGO — After years of shifting between private spaces and open office floor plans, the office furniture industry seems to have settled on a happy medium.
Even with the underlying uncertainty caused by the presidential election, West Michigan manufacturers remain generally optimistic about the year ahead.
CHICAGO — After several years of vacillating between open office concepts and private spaces, the so-called “pendulum shift” in office furniture seems to have settled into a new normal.
BYRON CENTER — West Michigan could become a hub for innovative waste processing companies in the coming years.