Eh, maybe not--June 2023
By Jim Thompson
I have been talking down capital expenditures for a number of months. The May results tell me I might have been wrong. Paperitalo Publications saw the highest number of capital project announcements we have ever recorded in May--nearly twenty.
For you, this means the long awaited softness in vendors' and suppliers' workshops may not materialize.
This means you may have to absorb the full brunt of the inflation we have been experiencing for that last 18 months or so.
Prudent thing to do...re-estimate your capital budget and get fresh quotes on the big items as well as cabling, piping and concrete. Your bosses may not want to hear about rising prices, but trust me, it is far better to tell them early than surprise them later.
What is your opinion? Drop me a line at jim.thompson@ipulpmedia.com. I would like to hear from you.
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