Video Transcript

Andrew Pinheiro
Research Analyst
U.S. Value Equity Team

So one takeaway from the Baird 2023 Industrial Conference is that while the world went through a relatively synchronous downturn through COVID followed by an upswing and then moderation, many industrial companies are at very different places in their business cycle. Some benefitted from the very strong economic environment over the last few years, but a number of them had supply chain and other issues that prevented them from participating in that upside. So understanding where companies are in their business cycle, or understanding where some industries are in their business cycle, is more important than ever.


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