Industry Trends (2)

The U.S. economy accelerated in 2018, posting two of the strongest quarters of growth since the recession and approaching 3% growth on the year, however recent trends and uncertainties make it likely to soften in 2019, according to the 2019 Equipment Leasing & Finance Industry Snapshot.

Forward-thinking fabricators and manufacturers are analyzing profits, losses, and sales projections as the year winds down. Many may be considering upgrading equipment, replacing aging equipment, or expanding capacity.

As plastics processors ride the wave of recent record growth to contemplate new technology and machinery for their businesses, they should also consider upcoming changes to lease accounting rules, according to a new article in Plastics Technology.

A new IDC FutureScape report is predicting digital adoption, healthcare data-as-currency, artificial intelligence, and wearables will have major impact in the worldwide healthcare industry over the next three to five years.

There are many reasons a medical practice might consider investing in new equipment. Expanding services or growing the number of offices in a group may require new machines to fill the gaps, for example.

When it comes to equipment financing, IT and related services now get the biggest sector slice of the new business pie, according to the 2018 Survey of Equipment Finance Activity by the Equipment Leasing and Finance Association.

Ask yourself: Why do businesses ranging from mom-and-pop operations to Fortune 100 companies finance their equipment? The answer: Equipment financing gives them access to a wide range of benefits. 

The Tax Cuts and Jobs Act of 2018 (TCJA) is positioning plastics processors for more growth and profitability following the most recent Plastics Processing Index showing the best quarter since 2013 when the index began.

As robotics becomes increasingly common in the manufacturing process, industry leaders face an imperative to learn more about implications of high-level automation.

With financing provided by Key Equipment Finance, Maui’s first large-scale photovoltaic (PV) solar project came online on Saturday on land owned and managed by Haleakala Ranch Company in South Maui. The 11.3-acre project, located in Haleakala Ranch pastures mauka of Pi‘ilani Highway near the Maui Research & Technology Park in Kīhei was created in partnership with Maui Electric Company and Kenyon Energy.