By Russ Swann - Guest Editor
Unless you've been living on Mars for the last year or two, it probably hasn't escaped your notice that there is something of an economic crisis currently affecting the world's major economies. The
financial sector is suffering badly and spreading its malaise widely: manufacturing, construction, processing - no industry is recession-proof. But how is the laboratory sector faring in these troubled times?
This week in Chicago, the litmus has been applied to the sample. Pittcon (the Pittsburgh Conference, although it is never held in that city) is the biggest of the US events in our industry. It runs all this week in the 'windy city', and serves as a bellwether of the sector's virility. How then does the wind blow?
My correspondent at the exposition, Jezz Leckenby of Netdyalog, reports that it is very much an event that is trying to put on a brave face. The most positive number is the attendee pre-registrations, which are actually up 3 per cent on last year. This may have something to do with the generous discounts made available to students, academics, and unemployed scientists in the run-up, but is at least a bit of good news. There was also a good turn-out, he reports, for the opening plenary lecture from Harvard's Professor George Whitesides, which was on zero cost diagnostics. He was rather upstaged by the founder of Aldrich (Sigma Aldrich), Dr Alfred Bader. An Austrian refugee jew from WWII, Bader gave a thrilling account of his life and received the
Pittcon Heritage award.
This, though, is where the good news runs dry. Comparing more numbers, we see find total conferees down by about 300 to 7100. Exhibiting companies are about 10 per cent fewer at just over 1000, and the space
they occupy is down by about 20 per cent, counting the number of actual stands. This is reflected in a 22 per cent drop in exhibition personnel, and a similar fall in the number of media delegates.
These numbers have turned the litmus red, but it has to be said that it isn't a very deep red. I have written before about how the laboratory sector is better placed than many industries to ride out the economic storm, and the news from Chicago really supports this: if the numbers are holding up so well in these conditions, perhaps the outlook is not so bleak after all.
Laboratory Equipment Australia