08 Jul BEMA Convention 2021: BEMA Intel Connects The Data Points
Although we live in a world with constant access to data it’s not always easy to discern the value of the data received. The BEMA Intel platform offers a better way to understand the marketplace and improve management of one’s business through the application of quarterly data inputs and quality data analysis. With Intel, users can drive company and sales strategy and improve overall decision making using critical insights into key U.S. economic and commercial industry indicators.
Launched last year, BEMA Intel offers a combination of pulse data from our members in addition to a broad spectrum of industry indicator data, including an aggregate of publicly available information. The research around Intel is compiled and maintained by Cypress Research.
Each quarterly summary opens with metrics taken from the Equipment Industry Outlook and Equipment Industry Bookings. Color-coded summaries (green – positive, yellow – neutral, red – negative) offer Intel users at-a-glance summaries, including monthly, quarterly and annual clickable indicators. Quarterly summaries are posted two weeks into every quarter, offering confirmation of trends and what’s currently happening in the cycle in order to obtain a broader, more cohesive industry perspective.
Intel data includes the grain-based goods index: an indicator of baking industry health, provided by Sosland Publishing’s Milling & Baking News in addition to the unit and dollar sales for packaged and fresh bakery segments. These additional data points provide insight into the current and future health of the industry and the relevance of the data to a broad section of the industry. Data also looks at the 6-month channel for industrial/commercial, retail and restaurant/foodservice along with the domestic and global outlook for the next 6 months.
The 10+ indicators within the platform offer a representation of industry health, considering what’s happening during the quarter in addition to economic data and a range of industry indicators. The platform offers a single location for data and analysis in regard to what’s happening in the industry, offering leaders talking points to drive higher quality discussions and decisions today and in the future.
Highlights of Intel’s data-to-date paints a highly positive business outlook among 99% of equipment manufacturers and 83% of bakers. As a result, many are projecting increased capital and equipment investments with money spent on maintenance and replacement parts with earmarks for systems improvement, including upgrading and expanding existing facilities or adding new equipment and production lines. On the flip side, this positivity must be tempered by ongoing increases of raw materials costs, challenging transportation and logistics, and increasing labor costs.
Convention attendees can download the Intel Culminating report through the Convention app.