Transportation and the supply chain industry witnessed unprecedented challenges in 2023. From market shifts and bankruptcies to labor unrest and global trade partnerships, the year was marked by events that shaped the industry in more ways than one.
Fertilizers are essential in the agricultural industry and supply crucial nutrients to crops worldwide. The industry is expected to reach 9.7 billion by 2050, and fertilizer prices account for nearly one-fifth of the United States farm cash costs.
The housing market has been a crucial economic indicator for reflecting the nation’s financial health and influencing various sectors. Over the years, housing starts, or new residential constructions, have experienced fluctuations, from the booming 1960s to the 2008 recession.
The freight industry has undergone significant changes in the last couple of decades. Considering the recent closures in the sector, this has highlighted the vulnerability of many companies. Exploring the ebbs and flows unveils insights into how the economy has evolved in recent years, leading to multiple trucking companies closing.
The agriculture industry is the backbone of our global economy, providing food, feed, fiber, and fuel for the world’s population. In recent years, the sector has seen significant transformations driven by technological advancements, environmental concerns, and changing consumer preferences.