New Fire Equipment Industry Benchmark Shows Positive Conditions for Early Summer
CHICAGO, Illinois. (July 17, 2019) – The fire equipment industry has a new, innovative industry benchmark, and it shows positive business conditions for the month of June 2019. The benchmark, the “NAFED Gauge,” is an exclusive index from the National Association of Fire Equipment Distributors (NAFED).
"This cutting-edge benchmark will help companies in the fire equipment industry make better business decisions,” said Danny Harris, CAE, NAFED Executive Director. “It is one more way that NAFED is contributing to our members' success as they seek to protect the lives and property of others."
This first-ever NAFED Gauge was well represented in the number and geographic distribution of responses. A large majority of these June 2019 responses rated current business conditions as positive, with 88% choosing that answer when asked the question, “How would you describe your current business conditions?” This translates to a NAFED Gauge reading of 121, with a number over 100 indicating conditions are positive.
"While that number by itself is helpful, NAFED members can also access other important measures for future business expectations, current challenges, and current sources of revenue," said Tim Krulan, NAFED President. "This is a goldmine of information that makes NAFED membership a critical business tool for any company involved in the fire protection services and equipment industry."
While this is the first month for the NAFED Gauge, future months will allow the industry benchmark to project trends that can be of ever greater help in planning for the future.
You can view the June benchmark data here.
Members will be able to access all future benchmark data by logging in to the member area of the NAFED website at www.nafed.org. Those companies that are not currently members can also find membership information on the NAFED website.
For more information about NAFED or the NAFED Gauge, contact Tamara Matthews, Communications Manager, at firstname.lastname@example.org.
The National Association of Fire Equipment Distributors (NAFED) is a trade association serving companies that sell, distribute, and service fire equipment. Members sell and service portable fire extinguishers in addition to a full range of fire protection services including the installation and/or maintenance of pre-engineered kitchen systems, industrial systems, fire alarms, security systems, sprinklers, fire hose and standpipes, and emergency and exit lighting. NAFED members work in commercial, industrial, and residential settings making buildings safe and giving individuals the tools they need to fight early-stage fires.
Following the 2018 annual meeting in St. Louis, NAFED instated three new board members who will serve out two-year terms with the option to renew for another two years. Congratulations and welcome to our new board members.
Region One Director: Michael Hein, Gordon Fire Equipment, LLC
Region Seven Director: Mary Krinbring, AAA Fire Protection Inc.
Director-at-Large: Daniel C. Laughlin, Pro-Tech Fire Protection, Inc.
On the executive committee, Tim Krulan has transitioned to president and George Seymour is now past president. Rodney Lee Lawson has taken on the role of treasurer.
Per the new bylaws, directors can roll over their term and serve for another two years. Staying on until 2020 are Charles Sanford, Michael Teeter, Christopher Jones, and Ken May.