One instance where heavy can be healthy

June 1, 2008
/ Print / Reprints /
/ Text Size+
Are we truly in a recession? While declared the recession official back in February, other financial experts have not.

In mid-May, JP Morgan’s CEO said he thinks we are just in the beginning. And the annual World Competitiveness Yearbook states that the US holds the top spot as the world’s most competitive economy.

According to a Conference Board Report in late May, things are starting to look up.

While higher energy and food prices are some of the factors that led to a less robust global economy, the report says we were never headed to a severe recession. The Conference Board goes on to say that the economy is not strong enough yet to deliver 3% GDP, but is it also not weak enough to drop into a sharp downturn this summer. More realistically, with the economy now in its third straight sluggish quarter, more slow economic growth and modest job declines could be ahead, the report continues.

Of course, most of us know more people who have lost their jobs in the last six months compared to this time in 2007. And while I hear friends and colleagues in some Southern states talk about the foreclosure signs in their neighborhoods, I have not seen them here in the Northeast.

One old adage says the food industry is recession-proof. While this may not hold true today, the industry is certainly holding its own. Take a look at the 31st Annual Plant Construction Survey, which begins on page 64 in this issue. In the midst of our recession-manic society, I was expecting the total number of plant projects to be considerably lower. In fact, the opposite is true. While we have hovered around the 500 range of total food and beverage projects of more than $1 million since 2001, we uncovered a healthy 613 projects for 2007.

Although the food industry is not out of woods financially speaking, the growth in plant projects is surely one instance where heavy is healthy.

Did you enjoy this article? Click here to subscribe to Food Engineering Magazine.

Recent Articles by Joyce Fassl, Editor-in-Chief

You must login or register in order to post a comment.



Image Galleries

Fabulous Food Plant: Paramount Citrus

Learn more about this fabulous food plant in Food Engineering's article, found here.


Burns & McDonnell project manager RJ Hope and senior project engineer Justin Hamilton discuss the distinctions between Food Safety and Food Defense as well as the implications for food manufacturers of the Food Safety Modernization Act.
More Podcasts


Food Engineering Magazine

Food engineering magazine 2014 april cover

2014 April

Catch a preview of the Powder and Bulk Show in this April 2014 edition of Food Engineering. Also, be sure to check out a coffee stick making a real stir and a major advancement in the the pet food industry.
Table Of Contents Subscribe


Food Authentication Using Bioorganic Molecules

This text provides critical tools and data needed to augment routine food analysis and enhance food safety by aiding in the detection of counterfeit, and potentially deleterious, foods.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Food Master

Food Master Cover 2014Food Master 2014 is now available!


Where the buying process begins in the food and beverage manufacturing market. 

Visit to learn more.


FE recent tweets