{"id":12419,"date":"2010-09-08T22:05:48","date_gmt":"2010-09-09T02:05:48","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/as-manufacturers-shutter-their-doors-appraisals-become-that-much-more-important\/"},"modified":"2022-12-29T07:04:24","modified_gmt":"2022-12-29T12:04:24","slug":"as-manufacturers-shutter-their-doors-appraisals-become-that-much-more-important","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/as-manufacturers-shutter-their-doors-appraisals-become-that-much-more-important\/","title":{"rendered":"As Manufacturers Shutter Their Doors, Appraisals Become That Much More Important"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>It may come as a surprise to many people that manufacturing is still the largest industry contributing to the United States gross domestic product. According to government numbers, manufacturing employs approximately 16.7 million workers, meaning that it is still an industry that needs attention. The size of industrial production and significance in the U.S. economy, coupled with the industry\u2019s stagnancy and declining growth, presents a conundrum for companies in these industries and lenders in this sector.<\/p>\n<p>Despite its large footprint in the economy, manufacturing has been in decline for many years due to cheaper alternatives in foreign markets. Competitive pressures from outside the U.S. will force manufacturers either to develop greater production and financial efficiencies or shut down operations. Investment and lending in this area will likely remain weak.<\/p>\n<p>As manufacturing companies downsize or close their doors, lenders operating in this area will need to recoup some of their existing investments, including selling off machinery and equipment. The wisest course of action in this scenario is to hire a <a href=\"http:\/\/www.nebbinstitute.com\/\">certified machinery and equipment appraiser (CMEA)<\/a> to determine the value of the company\u2019s machinery and equipment. This will ensure that the company that\u2019s tightening its belt or throwing in the towel will realize the greatest profit when selling off its equipment.<\/p>\n<p>By: <a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It may come as a surprise to many people that manufacturing is still the largest industry contributing to the United States gross domestic product. According to government numbers, manufacturing employs approximately 16.7 million workers, meaning that it is still an industry that needs attention. The size of industrial production and significance in the U.S. economy, [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[87,41,47,129],"class_list":["post-12419","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-appraisal","tag-cmea","tag-machinery-and-equipment","tag-manufacturing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Appraisals Become That Much More Important<\/title>\n<meta name=\"description\" content=\"The wisest course of action in this scenario is to hire a certified machinery and equipment appraiser (CMEA) to determine the value of the company\u2019s machinery and equipment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/as-manufacturers-shutter-their-doors-appraisals-become-that-much-more-important\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As Manufacturers Shutter Their Doors, Appraisals Become That Much More Important\" \/>\n<meta property=\"og:description\" content=\"The wisest course of action in this scenario is to hire a certified machinery and equipment appraiser (CMEA) to determine the value of the company\u2019s machinery and equipment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/as-manufacturers-shutter-their-doors-appraisals-become-that-much-more-important\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" 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