The Tokyo Motor Show was a major event that attracted 2 million people from the 1980s to the 1990s, but in recent years the number of visitors has decreased and the last exhibition in 2017 drew only 770,000 attendees.
SUMMARY. The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.
Consumer confidence declined slightly in December, following a moderate increase in November. The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019.
Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
Our team at Power Systems Research, as a lead global Market Intelligence Company and specialized in Propulsion Systems and Powertrain for Vehicles and Equipment, is frequently asked about the future of Diesel Engines.
It is impossible to provide a complete answer for this question due to the wide range of applications, as well as the excellent performance and versatility of Diesel Engines.
Thus, in this article we focus on the Diesel Engine application in Commercial Vehicles in metropolitan areas, and more specifically, in Urban Buses.
In late March, about halfway through the United States’ first round of social distancing, Generac CEO Aaron Jagdfeld spoke with Yahoo Finance’s Seana Smith about whether Generac was seeing a spike in demand from COVID-19.
Smith noted that the power generation segment tends to do better during and after a natural disaster, and wanted to know the answer to a question that has also been on our minds at Power Systems Research: “Is COVID-19 a Natural Disaster?”
Like many of the other questions surrounding COVID-19, like “Is the United States heading into a recession?” or “How do we distribute scarce medical resources?” the answer isn’t clear cut.
Additionally, hotels and other buildings are being converted into temporary hospitals as states prepare for their regular ICUs to reach capacity. He states that those buildings might not have typically had back-up power, but now need to be quickly outfitted to meet regulations for critical care centers.
SUMMARY. 2021 was a year of big hopes for economic recovery and pandemic management, and, overall, the economic rebound was strong. Looking at the state of the economy in general, and the key economic indicators such as GDP, interest rates, employment levels, etc., the North America market finished the year on a very high note. At the same time, development of new pandemic variants as well as ongoing issues with supply chains have led to manufacturing issues.
The second half of 2021 brought steady economic activities and strong economic recovery. Despite this strong performance, many existing and new challenges were seen. Problems from pandemic-related supply chain disruptions, logistics backlogs, and semiconductor shortages to new virus variations and labor market issues have contributed to slower growth in Q4 2021 than during the first half of last year.
Let’s break it down. The “Great Resignation” means companies must make themselves more attractive to new hires, and it provides those workers who remain more leverage to change corporate cultures from the inside.
With help of government support and targeted fiscal policies, the US economy showed a strong comeback in 2021. Furthermore, the growth trajectory is well positioned to continue to expand into the next few years, however, at much slower pace, than in 2021.
At the same time, there are many reasons for us to be optimistic about this trend. Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation. In our previous forecasts, we discussed recovery trends for the post-pandemic period, and called for a return of demand for most markets in 2021. Last year, we witnessed a strong level of activities and an economic rebound for
Published in Automotive Business, August, 26, 2020
1. INTRODUCTION
The use of diesel in Commercial Vehicles and its alternatives has been studied and discussed globally over the past two decades. We have updated future trends annually based on the new platforms in our data and new models in development allowing us a 10-year horizon. In August 2019 we published an article on the subject for Automotive Business Brazil, which is now updating.
In the 2019 article we said that fossil diesel propulsion for commercial vehicles would be exposed to several alternatives and therefore the 20s decade would be a decade of significant changes, justifying yearly monitoring of the subject.
This whole range of studies was then impacted by COVID-19, a new event at the beginning of this decade that is another factor of change in this complex subject.
Yosyf Sheremeta, PhD, Director of Product Management and Customer Experience, takes a look at what’s in store for the industry segments we follow for the rest of 2021 and beyond.
Welcome to the PSR PowerTALK podcast produced by Power Systems Research.
00:06 Joe Delmont
From Power Systems Research I’m Joe Delmont, editor of PSR PowerTALK.
Today we’ll talk with Yosyf Sheremeta about the economic outlook for North America.
John Krzesicki talks with Thomas Bourgeois from Pace Energy and Climate Center in his continuing series “Living on the Edge”. In today’s episode John discusses powering greenhouses and local food production.
Welcome to the PSR PowerTALK podcast produced by Power Systems Research.
00:06 John Krzesicki
Hello, my name is John Krzesicki.
Today it’s my pleasure to host the Power Systems “Living on the Edge” series. The show revealed conversations with industry experts and their insight into the future with intelligent technology. With over 30 years of experience supporting the manufacturing industry, I’ve seen an unbelievable change in technology.
Yosyf Sheremeta, PhD, Dir. of Prod. Mgt. & Customer Experience, analyzes the North American economic outlook with special emphasis on the Administration’s efforts to control emissions.
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Jim Downey:
Good morning and welcome to this podcast by Power Systems Research. Today we’ll be discussing the North American market outlook for.2021. I’m Jim Downey, Vice President of Global Data Products here at Power Systems Research. I’m joined by my colleague, Yosyf Sheremeta, who is the Director of Product Management and Customer Experience.
Editor’s Note: This report includes a conversation with Miguel Elizalde Lizárraga, the executive president of ANPACT (the National Association of Bus, Truck and Engine Manufacturers) and a visit to the Expotransporte 2022, the largest truck show in Latin America.
ANPACT represents the trucks, buses and engine manufacturers in Mexico. It participates actively with government organizations and other important related associations to ensure the truck and bus industry gets enough support, incentives, alliances, agreements and information to grow in the local market. Also, to continue with their outstanding role as one of the most important exporters of heavy duty vehicles globally.
The ANPACT gathers the most important trucks, buses and engine manufacturers in Mexico such as Kenworth, Freightliner, International, Mercedes Benz, Man, Volkswagen, Scania, Dina, Mack, Volvo, Isuzu, Hino, Detroit and Cummins.
During our conversation, Elizalde provided timely insights into the Mexican transportation industry and the major market challenges this country is facing today.
Vehicles manufactured in Mexico produce an important impact on the country’s economy, logistics and mobility. For example, 71% of the foreign trade value is moved to the US through heavy duty trucks. Much of the movement of goods in Mexico is through trucks, and people use buses as their main transportation.
According to ANPACT´s August statistics, manufacturers produced a total of 127,858 heavy duty vehicles from January through August this year. This is 18% more than 2021 production. Through August, export volumes increased by 15.7% (106,824 units) compared to 2021. Retail demand has increased so far by 20.5% (25,196 units).
Current challenges the transportation industry is facing today in Mexico include road safety, environmental regulations implementation, supply chain lead times, driver shortage, e-commerce, vehicles renewals, safety and energy infrastructure.
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