Coronavirus Demands a Data-Driven Response
CNC machining businesses are justifiably concerned about the COVID-19’s effect on metalworking supply chains, but they are not helpless. Data illuminate the path ahead.
As scary as headlines and the associated economic headwinds may be, panicking about the novel Coronavirus benefits no one. Rather than acting rashly based on guy instinct, businesses should analyze and act on evidence, particularly data of the sort provided by Modern Machine Shop publisher Gardner Business Media’s own in-house intelligence division. Here, I talk to Michael Guckes, chief economist of Gardner Intelligence, about the data we track, how the metalworking economy is responding to the virus, and the advantages of a rational, data-driven response.