The United States Lumber and Wood Industry is a supporting structure of the nation’s economy. With an average sales figure of $237 billion and providing 474,239 jobs, the industry’s influence is extensive. In this blog, go beyond the building and unpack the lumber industry, from forest to finish!
The transportation system plays a massive and complex role in agricultural production. United States agricultural movements represent 30% of all ton-miles on transportation modes, including highways, waterways, and railroads.
Packaging accounts for over $150 billion in annual spending for manufacturers and shippers. It also contributes to 75% of greenhouse gas emissions from the supply chain. However, to alleviate environmental risks, many companies are investing in re-shoring factories, “just-incase” inventories, and qualifying alternative suppliers to build flexibility.
The industry is also projected to grow at a CAGR of 5.6% between 2024 and 2032. North America is the top country with growth in this sector, primarily due to having major market players such as Deere & Company, AGCO Corporation, and Kubota Corporation.
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.