President's SpeechBy: John Honovich, Published on Apr 25, 2009
Bosch Security President Gert van Ipeeren presented at SecuTech. Key points presented:
- Expects 2009 security sales decline of 5% globally, 10% in US and 2% in Asia
- Distributors have been reducing stock to improve cash position
- Encouraged manufacturers to diversify manufacturing and development to hedge against currency changes (probably useful only for the biggest companies)
- Commented that our industry needs to face the fact that after many years of constant growth, "our industry is not growing anymore." While I believe he was alluding to the entire security market, certainly the fast growth era cannot be taken for granted even in IP video (as Axis' results show).
- Commented that companies have been forced to scale down due to over capacity
- Acknowledged that there was 'quite some price pressure'
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