Honeywell exec sees economic slowdown since June, 2012
At a press conference held yesterday afternoon at the National Safety Congress and Expo in Orlando, Mark Levy, president of Honeywell’s Life Safety Division, home of Honeywell Safety Products (including Salisbury, BW Technology, Sperian, and Norcross brands) said in response to a question that the U.S. economy maybe has recovered 50% from the depths of the Great Recession of just a few years ago.
Levy said his company had seen a general slowdown in orders and sales since June, 2012. He said most major corporations have had similar experiences, and are now in a “hold” mode. For a number of firms, that means a focus on operations efficiency and cost containment.