Major Purchases: By The Numbers

June 16, 2009

Have you postponed or canceled any major purchases due to current state of the economy?

A recent survey of more than 200 purchasing professionals and engineers in manufacturing by MFGWatch found the following:

35% stopped hiring new or replacement employees

15% canceled software or upgrade purchases

15% cut business travel

12% suspended facility expansion

8% did not renew memberships in professional societies or industry associations

11% have not canceled or postponed any purchases

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About the Author

Steve Minter | Steve Minter, Executive Editor

Focus: Leadership, Global Economy, Energy

Call: 216-931-9281

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An award-winning editor, Executive Editor Steve Minter covers leadership, global economic and trade issues and energy, tackling subject matter ranging from CEO profiles and leadership theories to economic trends and energy policy. As well, he supervises content development for editorial products including the magazine, IndustryWeek.com, research and information products, and conferences.

Before joining the IW staff, Steve was publisher and editorial director of Penton Media’s EHS Today, where he was instrumental in the development of the Champions of Safety and America’s Safest Companies recognition programs.

Steve received his B.A. in English from Oberlin College. He is married and has two adult children.