Sept 22, 2020

NMMAWe thought the Boating Industry Canada News Week Digest readers would be interested in this research by the NMMA in the United States.

NMMA’s Q2 2020 Marine CEO Sentiment Report, a quarterly survey to assess the state and needs of U.S. recreational boat, engine and marine accessory manufacturing businesses, is now available. The Q2 survey was fielded in July, and data shows marine CEO sentiment has improved considerably since the onset of the pandemic.

“Marine CEO sentiment was much more optimistic in Q2, returning to levels pre-pandemic, bolstered by record new boat sales this summer,” said Vicky Yu, director of business intelligence for NMMA. “Production has been steadily ratcheting back up since the lockdown restrictions were lifted, and manufacturers are actively hiring or bringing back furloughed employees, working through order backlogs as operations return to normal.”

Key findings from the Q2 2020 Marine CEO Sentiment Report include:

• 49% of CEOs reported current business conditions were stable, another 39% reported business was expanding, and 11% reported business was declining, on par with sentiment levels prior to the pandemic.

• 51% of marine manufacturers reported sales were up or on par with Q2 2019, and 15% of them reporting substantial growth in sales.

• 47% of marine manufacturers reported new orders were up compared to a year ago, primarily reflecting gains in orders of new boats.

• Hiring improved as manufacturing lockdown restrictions were lifted, with 37% of manufacturers actively hiring in the last quarter, 44% sustaining their normal staffing levels, and 19% reporting job cuts.

• Access complete findings around data including Prices, Raw Material Costs, Capital Expenditures, Supply Chain, and more here.

NMMA members get free access to these reports; to become a member, visit https://www.nmma.org/membership. Contact This email address is being protected from spambots. You need JavaScript enabled to view it. with questions.

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WE WILL PUBLISH YOUR MARINE INDUSTRY CAREER OPPORTUNITIES FOR FREE!

 

Boating Industry CanadaAs we start January of 2021, we wanted to remind our Boating Industry Canada News Week Digest readers that we plan to continue posting your marine industry career opportunities at no charge, as a service to the industry.

More and more marine industry employers are looking for technicians, parts people, sales and marketing professionals, yacht brokers and boat builders. There have been career opportunities for Government employees and just about any position you could imagine in the recreational boating industry.

 

 

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Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

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"As we bring in the New Year, the TIBS Virtual Show marketing campaign is well underway with over 70,000 members of the Captain's Club receiving the consumer newsletter, providing great content on the upcoming show!” As communicated in the Exhibitor newsletter, Social Media audiences are making up another 30,000 followers and that they are ‘liking’ and sharing posts about the Virtual Show!

 

 

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Compatible with both analogue IP and HD cameras, Iris CMAC combines all of the main elements of a full-featured security and control system into a very stylish enclosure, complete with high-end waterproof connectors and wood-effect end caps.

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