August 12-14, 2013 • Westin Chicago North Shore • Wheeling, Illinois
NFPA’s 2012 Industry & Economic Outlook Conference (IEOC) continued to illustrate the importance of Economics, Industry, and Networking in the fluid power industry with another record-breaking attendance of 316 individuals at this popular event. Feedback from attendees has identified the diverse speaker and topic content, exposure to global market information and multiple networking opportunities as the highlights of this year’s IEOC.
Plus, the NFPA 5th Annual Foundation Invitational Golf Tournament was a HUGE success with a record 104 golfers whose participation helped raise funds for the NFPA Education and Technology Foundation! We want to thank all of our Sponsors and Golfers for their support. Also special thanks go out to Frank Abruzzo, Dura-Bar; Supplier Council Chairman and the Future Leaders Network volunteers: Tricia Fulton, Sun Hydraulics; Krista Billert, Dura-Bar; Tom Kane, Bimba Manufacturing; Paul Heney, WTWH Media; and Adrian Kadue of Precision Associates who took on all contenders on Hole 15 in the “Beat the Future Leader” competition.
A great time was had by all.
IEOC Evaluation Presentations
Here's what attendees had to say:
"Always one of the most valuable conferences I attend every year!" "Best line-up of speakers ever, best IEOC ever!" "This was the best meeting event of the year! Always a great job!" "First time attendee! Great information with tremendous networking opportunities!" "Very good conference and a good combination of speakers! Each year this conference seems to improve with the variety of content and caliber of speakers."
Beaulieu: Great depression / 10-year period of no growth will begin in 2025-2030. "Make sure you are retired by then." #IEOC12 #economy— Paul J. Heney (@DW_Editor) August 21, 2012
Beaulieu: Great depression / 10-year period of no growth will begin in 2025-2030. "Make sure you are retired by then." #IEOC12 #economy
#IEOC12: Beaulieu says inflation, particularly with food, will be a global phenomenon...Taxes will go up (regardless of incumbent party)— Tom Lazar (@WTWH_Tom) August 21, 2012
#IEOC12: Beaulieu says inflation, particularly with food, will be a global phenomenon...Taxes will go up (regardless of incumbent party)
#energy #IEOC12: US dependence on foreign#oil is decreasing; Beaulieu joked that could down more by invading Alberta, Canada.— Tom Lazar (@WTWH_Tom) August 21, 2012
#energy #IEOC12: US dependence on foreign#oil is decreasing; Beaulieu joked that could down more by invading Alberta, Canada.
#IEOC12: US dollar continues to not decline thanks to European instability...won't do so until they recover; Greece may be booted from #Euro— Tom Lazar (@WTWH_Tom) August 21, 2012
#IEOC12: US dollar continues to not decline thanks to European instability...won't do so until they recover; Greece may be booted from #Euro
#IEOC12 Walker echoes Beaulieu: no "fiscal cliff" on the horizon for US #economy; less optimistic for Europe.— Tom Lazar (@WTWH_Tom) August 21, 2012
#IEOC12 Walker echoes Beaulieu: no "fiscal cliff" on the horizon for US #economy; less optimistic for Europe.
Walker: $1 trillion has been taken out of Spanish, Greek, other weak European banks over fears of return to former currencies. #IEOC12— Paul J. Heney (@DW_Editor) August 21, 2012
Walker: $1 trillion has been taken out of Spanish, Greek, other weak European banks over fears of return to former currencies. #IEOC12
Lotta inventories, on-highway and off-highway, getting way outta whack given current sales forecasts. #IEOC12— Diesel Progress (@dieselprogress) August 21, 2012
Lotta inventories, on-highway and off-highway, getting way outta whack given current sales forecasts. #IEOC12
China not in a permanent or even long-term downturn; +25% over next few years. David Phillips at #IEOC12— Diesel Progress (@dieselprogress) August 21, 2012
China not in a permanent or even long-term downturn; +25% over next few years. David Phillips at #IEOC12
Dan Meckstroth, MAPI: manufacturing segment of US Industrial Production, from trough in '09, has retraced over 70% back to '07 peak#IEOC12— John Erskine (@jerskineiii) August 21, 2012
Dan Meckstroth, MAPI: manufacturing segment of US Industrial Production, from trough in '09, has retraced over 70% back to '07 peak#IEOC12
India's growth continues over the next few years. #IEOC12— The NFPA (@TheNFPA) August 21, 2012
India's growth continues over the next few years. #IEOC12
David Phillips: We spend 8-10% of income on food. The Chinese spend 62%. Just wow. #IEOC12 #economy @thenfpa— Paul J. Heney (@DW_Editor) August 21, 2012
David Phillips: We spend 8-10% of income on food. The Chinese spend 62%. Just wow. #IEOC12 #economy @thenfpa
We have a crisis of lack of corn and bean production globally which will have price implications for some time @nfpa #IEOC12— Michael Ference (@mrference) August 21, 2012
We have a crisis of lack of corn and bean production globally which will have price implications for some time @nfpa #IEOC12
Normally higher cash receipts by farmers mean higher equipment sales this time. @nfpa #IEOC12— Michael Ference (@mrference) August 21, 2012
Normally higher cash receipts by farmers mean higher equipment sales this time. @nfpa #IEOC12
France is the biggest crop producer in Europe that thus the biggest equipment consumer from #IEOC12by Ann Duignan— Michael Ference (@mrference) August 21, 2012
France is the biggest crop producer in Europe that thus the biggest equipment consumer from #IEOC12by Ann Duignan
Vandehei: Romney has to convince 6% of truly undecided voters that personality issues aside, he'd be marginally better on economy. #IEOC12— Paul J. Heney (@DW_Editor) August 21, 2012
Vandehei: Romney has to convince 6% of truly undecided voters that personality issues aside, he'd be marginally better on economy. #IEOC12
Panel discussion going strong.Middle class 50% larger.#IEOC12 twitter.com/TheNFPA/status…— The NFPA (@TheNFPA) August 21, 2012
Panel discussion going strong.Middle class 50% larger.#IEOC12 twitter.com/TheNFPA/status…
Lustgarten: The industrial sector is clearly leading this economy. #IEOC12— Paul J. Heney (@DW_Editor) August 22, 2012
Lustgarten: The industrial sector is clearly leading this economy. #IEOC12
Productivity is always high coming out of a recession and this time it was very true from #IEOC12— Michael Ference (@mrference) August 22, 2012
Productivity is always high coming out of a recession and this time it was very true from #IEOC12
Lustgarten: 2009-2012 was possibly the worst recovery in history. #IEOC12 #economy #manufacturing— Paul J. Heney (@DW_Editor) August 22, 2012
Lustgarten: 2009-2012 was possibly the worst recovery in history. #IEOC12 #economy #manufacturing
Recurring theme at #IEOC12 The US economy is the best house in a lousy neighborhood— Michael Ference (@mrference) August 22, 2012
Recurring theme at #IEOC12 The US economy is the best house in a lousy neighborhood
Lustgarten: There is no reason for any U.S. economic acceleration in 2nd half of 2012. Wait & see attitude will continue thru 2013. #IEOC12— Paul J. Heney (@DW_Editor) August 22, 2012
Lustgarten: There is no reason for any U.S. economic acceleration in 2nd half of 2012. Wait & see attitude will continue thru 2013. #IEOC12
Lustgarten: If we can survive next 12-18 months, the U.S. potentially has one of most favorable 3-5 year outlooks. #IEOC12 #manufacturing— Paul J. Heney (@DW_Editor) August 22, 2012
Lustgarten: If we can survive next 12-18 months, the U.S. potentially has one of most favorable 3-5 year outlooks. #IEOC12 #manufacturing
Lustgarden at #IEOC12: #drought will cause a major commodity price surge for foreseeable future...— Tom Lazar (@WTWH_Tom) August 22, 2012
Lustgarden at #IEOC12: #drought will cause a major commodity price surge for foreseeable future...
Lustgarden at #IEOC12: farm equip. growth may be strong (5-10%) in '13— Tom Lazar (@WTWH_Tom) August 22, 2012
Lustgarden at #IEOC12: farm equip. growth may be strong (5-10%) in '13
Lustgarten ends on positive note: "We're going to be a #manufacturing center of choice." #IEOC12— Paul J. Heney (@DW_Editor) August 22, 2012
Lustgarten ends on positive note: "We're going to be a #manufacturing center of choice." #IEOC12
James Meil: It has not been a housing recession, it has been a housing depression. #IEOC12— Paul J. Heney (@DW_Editor) August 22, 2012
James Meil: It has not been a housing recession, it has been a housing depression. #IEOC12
Meil at #IEOC12: pent-up demand for fluid power components is spent; world production is slow, "muddling through"...2013 is silver lining— Tom Lazar (@WTWH_Tom) August 22, 2012
Meil at #IEOC12: pent-up demand for fluid power components is spent; world production is slow, "muddling through"...2013 is silver lining
Meil at #IEOC12: forecasts numbers for unemployment don't necessarily drop a lot in 2013 either, but perhaps below 8%— Tom Lazar (@WTWH_Tom) August 22, 2012
Meil at #IEOC12: forecasts numbers for unemployment don't necessarily drop a lot in 2013 either, but perhaps below 8%
