While uncertainty over tariffs and inflation confuses the industrial sector, we wondered how the industrial processing market is affected. To get answers, Control editor in chief Len Vermillion talked with Connor Lokar, senior forecaster for ITR Economics, to try to make heads or tails of the situation.
While some processing business might be fretting over the escalating trade war the U.S. has engaged in with Canada, Mexico and China, others are may have reasons to be more hopeful. But many are still awaiting leading indicators to catch up to the whirlwinds of activity from the government before deciding how to react. In the meantime, we check in with ITR Economics to get their thoughts on the outlook for 2025 as it pertains to industrial processing, instrumentation and more.
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