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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

According to the April report commentary , the industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022. Global Manufacturing Activity Levels Global manufacturing activity as depicted by the J.P. remains unclear.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009. Consultancy UK). Source: Consultancy.UK.

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This Week in Logistics News (April 22 – 28)

Logistics Viewpoints

A steep, across-the-board decline in imported cargo , exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 pandemic. Since the launch of its recycling program in 2009, Best Buy has recycled over 2 billion pounds of electronics and appliances.