MHI Solutions

Economic Market Update

Challenges for the Economy and Material Handling in 2017, With Picture Brightening in 2018

Slow global growth, Brexit fallout, oil and gas credit risks and U.S. election fallout continue to present risks for the year ahead.

The International Monetary Fund (IMF) reported global growth at 3.1 percent for 2015, with expected growth of 3.1 percent for 2016. On the upside, in October 2016, the IMF presented its forecast for 2017 global growth at 3.4 percent. However, IMF forecasts are usually too high, and I believe IMF growth expectations for 2017 are likely to be revised lower.

Since slow growth remains a risk, we expect most foreign central banks will remain accommodative in 2017. The Fed, however, is in a tough position, since the Federal Open Market Committee (FOMC) has been talking about raising the Fed funds rate for some time.

By Jason Schenker, CFP®, ERP®, CVA®, Prestige Economics, LLC

Click here to read the full article.


Emerging technologies such as IIoT, robotics and artificial intelligence provide exciting opportunities for supply chains. They also mean an exponential growth in the amount of data these supply chains generate. When properly utilized, this data can provide crucial information to improve efficiency, reduce costs, enhance transparency and customer service. But it comes with risk. The more digitized a supply chain becomes, the more it is at risk of cyberattack. Hackers are constantly finding new ways create data breaches they can exploit. The reality that most supply chains require third-party suppliers down the chain only heightens this threat. No matter the scale of your supply chain, it is essential to have solid cybersecurity processes in place to manage and mitigate the growing risk of cyberattack. That’s what this issue of MHI Solutions is all about, from cybersecurity threats in an IIoT world to dark data to the human factor in cybersecurity to blockchain as a potential solution.

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