A Transit Into Summer Crops
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.
The Hidden Costs and Benefits of Packaging
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 Transportation Benefits and Challenges of Farm Equipment
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.
Turning Challenges into Opportunities: 2024 Outlook
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.