In the Test & Measurement world, budget tightening
has been a common theme that doesn’t seem to go away. We hear it from
our customers daily that their budgets have been reduced or frozen, or
that their capital dollars have dried up.
It spans over industries from aerospace to military
& defense, on over to energy & utilities, and back to
electronics. It can be exhausting. Whether we like it or not (read:
nightmares about your boss knotting the noose), the pressure to
keep at or below budget is a constant pressure that most likely will be
our reality for some time.
It seems our customers are figuring out some
go-arounds. Whether it be buying used or extending the useful life of
their equipment by using a repair facility, lab managers are being
financially creative. And in the coming weeks, I’ll be
sharing what we see here from our end of the market. Until then,
Here’s to your financial success.
Suzanne Bick, CFO
