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.
The global supply chain witnessed a tumultuous year in 2023, with significant changes across all modes of transportation. From inflation and labor issues to strategic cargo theft and environmental initiatives, the industry faced a complex landscape. For the outlook of 2024, understanding these key trends is paramount for navigating the future of logistics.
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 air transportation system is complex and is an interconnected process that’s vulnerable to disruptions. The air cargo industry relies heavily on the efficient flow of freight through integrated transportation networks.