Reid Supply Company, supplier of industrial products, announces their reaction to the 2011 manufacturing outlook and its effects on sales of industrial equipment.
Online PR News – 16-February-2011 – – MUSKEGON, MI -- Reid Supply Company, one of the country's leading retailers of industrial supplies, has released their take on the January 12th release of the 2011 manufacturing industry outlook. Despite very slow improvements over the 2010 fiscal year, the 2011 year looks promising in terms of growth.
MoneyMorning.com announced in an article on January 12, 2011 that the outlook for this fiscal year will be a slow improvement, but overall appears to be better than previously anticipated. After a survey taken by the National Association of Manufacturers, 75% of responses indicated a significant rise in market confidence; the highest confidence level since early 2007.
"The recent recession took its toll on so many of us. Reid Supply is pleased with the positive predictions for this upcoming year, and we are ready and waiting to supply all of these growing companies with the industrial products they will need for success. Our excellent customer service and efficient order fulfillment makes it easier for our customers to find exactly what they need, and have it delivered quickly," says Greg Palmer, Director of Marketing for Reid Supply (http://www.reidsupply.com/)
The Manufacturers Alliance has experienced sweeping improvement during the third quarter within all four indices that it monitors, which supports an increasingly positive outlook for 2011. Despite the employment sector looking less promising than the industrial sector in general, the growth within manufacturing companies are still encouraging to both consumers and business owners.
Many companies will be looking to streamline their processes and maximize their production levels during this time of growth, and the need for industrial equipment and supplies will increase with this demand. Economic growth often gives up-and-coming companies an opportunity to grow as well, which will also increase the demand for quality industrial products.
"Reid Supply couldn't be happier about such a favorable outlook for the manufacturing industry. We've always been here to support our customers and their business, and will continue to do so. We're proud to be the company that manufacturers turn to for their supplies, and look forward to being a part of their successes in the coming year," concludes Palmer.
About Reid Supply
Reid Supply Company, founded in 1948, is an international distributor of industrial supplies and industrial apparel in over fifty countries and the United States. Exceptional customer service and outstanding stock of unusual or difficult to find industrial products have made them a leader in several industries.