Spring is upon us, with accompanying warmer temperatures and more daylight hours to brighten our outlook for the business of FES. But we don’t need to go outdoors to see the signs of a pent-up recovery – it’s all around us, including our own data. At our publishing manufacturers' direction, we updated 375,000 products in our database in the first quarter, an all-time record for AQ. It tells us that manufacturers are gearing up for much more activity. In fact, on NAFEM’s March 31st webcast, several manufacturers reported Q1 volume exceeding expectations, including Rob Connelly, CEO of Henny Penny, current NAFEM President, and our guest on AQ’s upcoming State of the Industry webinar.
We already see that uptick in activity on the dealer side of the AQ platform as well – check out the Q1 quoting infographic in this newsletter. You will also find an interesting article about the strong correlation between NRA’s current situation index (CSI) and the number of users on AQ – both of which are rising strongly. And finally, we have witnessed a 39% increase in new projects entered on the AQ platform in the last 13 weeks. With stimulus checks in hand and shots in arms, we believe that 2021 will be a terrific year for the FES industry. Thanks for being an AQ customer – we appreciate your support.
With Best Regards,
JNC
