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Production Machining's Editor-in-Chief Derek Korn sits down with Gardner Business Intelligence's Chief Data Officer Steve Kline, Jr. to learn how data is forecasting a quick and robust rebound in the precision machining industry.
 

Optimism is radiating throughout the precision machining industry after more than a year of uncertainty during the COVID-19 pandemic. This optimism is especially being felt by Precision Machining Technology Show’s management, which says economic indicators and early registration numbers support its expectations to meet or exceed previous levels of attendee participation.

PMTS 2021, taking place Aug. 10-12, in Cleveland, Ohio, is the first trade show in the precision machining industry to return to pre-pandemic on-site plans and operations.

Ohio residents have breathed a (maskless) sigh of relief after the Ohio Department of Health removed most COVID-19 health orders June 2, including facial covering protocols, group capacity limits and social distancing restrictions. However, PMTS will remain vigilant with the venue’s safety measures.

For instance, Cate Smith, executive director of the Precision Machined Products Association (PMPA), says, “During a recent visit to the convention center (Huntington Convention Center of Cleveland), I was very impressed with the improvements they’ve made in response to the pandemic, including special microbial handrails on the escalator with UV light treatment, more touchless doors and new technology in the HVAC to scrub the air, among other hygiene improvements.”

While enjoying an almost back-to-normal atmosphere, PMTS attendees and exhibitors will also rejoice and likely reap the benefits of the results of Gardner Intelligence’s news announcing the most widespread economic recovery and growth in all major manufacturing industries since 2011.

"Strong economic conditions like these, which we haven't seen in more than five years, mean that machine shops are wholeheartedly eager to invest back in their businesses,” says Steve Kline Jr., chief data officer for Gardner Intelligence. “We know that the average owner plans to spend more than $642,000 on capital equipment in the next 12 months. Although it is taking a bit longer for new machines to be delivered due to global supply chain disruptions, shop owners are using that time to reinvest in technology, automation and software that will make their employees more efficient and productive." See video above. 

The PMTS exhibit hall is more than 80% sold, but space is still available. For attendee and exhibitor information and to register, visit pmts.com.

PMTS attendee visits booth on show floor

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