The Gardner Business Index (GBI): Finishing has accelerated contraction almost every month since May 2023.
All but one component contracted in November, two at the same rate as October and three at accelerated rates.
Contraction rates for employment and exports were stable from October to November.
Production, new orders, and backlog contracted at accelerated rates, backlog contracting the most and the fastest, which is not surprising when the two closely connected components contract.
Supplier deliveries continued to lengthen, but at such a slowed rate that ‘flat’ is likely just a month or so away.
The Gardner Business Index (GBI): Finishing
Finishing activity has steadily contracted since April 2023.
Key Component Activity
Contraction of three closely connected components drove Finishing activity contraction overall.
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Why am I seeing this?
Dear Products Finishing Audience Member:
Starting on Thursday August 8, 2024, PF will begin “gating” its premium content, asking all new website users to provide some information about themselves — name, title, employer, email address — before they are provided free access to the content.
We are doing this because the ways PF’s audience finds and accesses our content is changing. Google’s search algorithms, increasingly, make it difficult to connect PF’s content with the people who might make use of it. On top of that, generative AI like ChatGPT is serving up PF content to internet users without attributing that content to PF.
As a result, it has become increasingly important for PF evolve its audience development strategy and learn as much as possible about who is accessing our content, what content they are accessing and how they are accessing it.
With this audience development strategy, we hope to do two things:
First, we will be better able to deliver directly to our audience the editorial content that aligns with the surface finishing materials, processes and technologies that interest them.
Second, we will be better able to connect the materials, equipment and services our advertisers supply with the audience that is most interested in them.
PF plays a distinctive role and has earned a place of esteem within the focused and specialized industry it serves. Large developments in the media landscape are forcing us to change the way we communicate with our audience. We are confident that our audience values the role PF plays in their professional lives and will join us in this effort to stay connected to them.
We thank you for your continued interest in and support of PF and welcome any questions you might have about the brand’s new content gating strategy.
