Fran Brunelle, President of Accelerated Manufacturing Brokers, discussed the impacts of oil price fluctuations on manufacturing both short-term and long-term. Oil price per barrel plummeted by 67% in Q1 2020. In recent weeks, the price continued to decline until hitting negative territory for the first time in history when it went from $18 to $-38 per barrel in a few short hours. Falling prices, while initially the result of a pricing war between Saudi Arabia and Russia, have been dramatically affected by the COVID-19 Pandemic and the lack of demand it has caused.
According to Brunelle, “Efforts to diversify our economy has resulted in large investments in manufacturing facilities; while the process of navigating COVID-19 is painful both personally and professionally, the outlook of low oil prices will allow some manufacturers to add tens of thousands of jobs when plants reopen. The long-term nature of these projects, such as world-scale plastics manufacturing, steel production, and other related industries, means that we are somewhat insulated from short-term fluctuations in market forces. This will help our economy to remain as stable as possible during this global event.”
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About Accelerated Manufacturing Brokers, Inc.:
Accelerated Manufacturing Brokers, Inc., specializes in the sale of manufacturing companies nationwide, with generally $2 - $20 million in revenue, and a minimum of $500K in net income. The firm is exclusively dedicated to helping manufacturers sell their businesses and transition into retirement. The firm’s mission ensures the continuity of U.S. manufacturing by connecting a new generation of entrepreneurial owners. The upfront guidance is offered without a fee; the assessment and how to optimize the manufacturing enterprise for sale is a unique hallmark of the Accelerated Manufacturing Brokers’ value proposition.
Passion about the manufacturing sector is personal; it represents the best and backbone of the U.S. economy. Clients are quintessentially great small American manufacturers. These savvy entrepreneurs are the nation’s renegades and rebels who have worked hard and built great companies. Like the clients served, the Accelerated Manufacturing Brokers’ team is highly entrepreneurial and manufactures their destiny while helping clients realize how to best position their company for prospective buyers.
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Media Contact
Company Name: Accelerated Manufacturing Brokers, Inc.
Contact Person: Frances A. Brunelle, President
Email:Send Email
Phone: 908-387-1000
Address:75 Frontage Rd
City: Asbury
State: NJ
Country: United States
Website: www.AcceleratedMfgBrokers.com
