The Original Equipment Suppliers Assn. (OESA) just released its latest survey, the OESA Supplier Barometer, and it indicates that supplier sentiment is “solidly optimistic about the next 12 months.”
With the OESA Supplier Sentiment Index coming in at 73.1, 75% of the respondents noted they were “somewhat more” optimistic than they were two months ago, an optimism that is being driven in three specific areas:
1) Automotive revenue growth: “There has been a marked increase in demand for current products and we have seen positive new business wins during the period,” said one respondent.
2) Diverse market revenue growth: “We landed non-automotive and automotive work that will make 2010 positive regardless of car build levels,” said another.
3) Competitive cost structures: “We have dramatically lowered our breakeven point and expect the next 12 months to continue above this level,” said a third....