These are tough times for our nation’s economy. I know first hand. This week, my company, Advanced Trailer & Equipment, announced a one-month pause of trailer production. This pause will allow us to determine expected demand and have a better understanding of our customers needs for the year.
In other words, what we are doing reflects our company’s strength, not weakness. We have plenty of trailers to meet our customers’ needs. But now we can use this time of plenty to plan ahead for the rest of the year.
That’s what’s so great about the free market. People ask: how will things turn around in our economy? They already are turning around. Businesses are adjusting; the markets are responding. For example, housing prices are down. So guess what’s starting to happen? People are buying houses. Wal-Mart cut prices. And guess what happened? Wal-Mart recently announced huge sales numbers. The free market works.
But that’s not the only reason the free market works. It also works because of the people who work in it. I found this out again this week when I met with my team to give them the news. I told them the truth: that we didn’t want to initiate a pause in production but that we needed to since we had so many trailers in stock. Without exception, each member of my team took it well and promised to “be back” once we open production again. One man even thanked me for “telling us the truth.” What great workers! What great people! Want to know why we in America have the best economy in the world? Because we have the best people in the world.
I know the free market isn’t perfect. But it beats any other system out there. Companies like mine will adjust and adapt. And we will survive and prevail. So will our economy…and so will our country.
-Randy Hill
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