Why the WASTEC Market Statistics Program is Essential to Your Business

The Market Statistics Program has been a benefit to Association members since 1994. Participating companies report organizational information, and receive manufacturing and sales data on the industry as well as their company’s relationship to the market and competitors. The goal of the program is to provide a forecast of market trends and an indicator of resource pricing used in the manufacturing industry.

Program Summary

The program consists of Product Production Data (Pprods) and Market Activity Index (WMAI) and Market Trend Indicator Programs (MTIP).

Pprods involves manufacturers reporting sales data in specific product categories by regional shipping destination in the North American Domestic (NAD)s. There are eight reporting categories including: Compactors, Balers, Carts, Tarps, Containers, Mobile Equipment, Technology, and Tipper/Lifters. Based on the reported sales data from program participants, a monthly or quarterly report is distributed that is broken out by five Regions: Northeast, Southeast, Midwest, West and Pacific.
WMAI/MTIP report tracks business measurements every quarter by having program participants complete a survey of about, orders, inventory, pricing, employment and productivity.

The WMAI provides 23 key benchmarks for manufacturing and distribution activities such as domestic sales, export sales, order, inventory, and price activity and productivity. The MTIP tracks sales trends, measures them against projections of domestic and international markets and provides a graphic representation of survey responses charted against the Purchasing Managers Index (PMI) for comparison of your company’s position in relation to the industry.

The WMAI and MTIP report estimates future manufacturing trends by assessing whether they are increasing, decreasing, or flat. The two reports are considered to be very reliable and predictive in estimating future production trends.

Benefits

The Association Market Statistical Program provides participating companies with information to form short and long term business outlooks for products on a national, regional or state level depending on the program, and assists in evaluating company performance and market share information.

Participants in the Pprods program receive a report of actual sales data by region or state. This information is valuable because it is unique to the waste and recycling industry. The data can only be generated by member participants, and only those companies receive the reports.
The WMAI/MTIP report provides historical data for the most recent rolling nine quarters. Data serves as a tool in tracking the past performance and a predictor of the current strength of the market. The WMAI report contains market comparison information for companies interested in market trends in the waste equipment manufacturing industry and the survey is easy to complete without divulging any actual operating information.
The program has provided many association members with valuable information to assess business performance and information that assists in planning and business decisions for production, marketing, resource allocation and sales.

Confidentiality of the Data

All company data is strictly confidential between the participant and the Bonde Beebe Accountants and Advisors which is an independent accounting firm that is hired by the Association to receive data and generate the reports. Bonde Beebe conceals manufacturer’s data when new participants enter the program or when a market dominator is present in a category. The Association staff never sees the reports and only get a summary of aggregate data.