Telecommunications Sector to See $30 Billion Growth in Digital Infrastructure by 2027
In particular, the demand for future generation services and devices, such as 5G and smart technologies, is expected to exceed $50 billion over the next five years.
Read More »Get Ready for the Next Big Trend: Robotic Air Purifiers
With the rising emphasis on indoor air quality, the residential air purifier market is growing fast.
Read More »Amid Record High Port Delays, U.S. Shipping Services Demand Up 310%
With peak shipping season fast approaching — somewhat earlier than expected this year — distribution networks are getting more congested than ever.
Read More »U.S. Department of Energy Allocates $3 Billion in Infrastructure Funding to EV Battery Manufacturing
The recent electric vehicle boom shows no signs of slowing down. According to the International Energy Agency, electric vehicle sales hit 6.6 million last year, which is more than three times their market share in 2019.
Read More »Reverse Logistics Booms as Americans Return 17% of All Retail Purchases
For every one billion dollars in sales, the average retailer sees one hundred and sixty six million dollars in returned merchandise, according to a recent report from the National Retail Federation.
Read More »Billions in Automotive Manufacturing Investments Drive Surge in Sourcing Activity
Investments in the development of new automotive production facilities, or the expansion of existing facilities, has also led to an increase in new jobs.
Read More »Record-setting Imports, Exports Boost U.S. Global Trade Position
Last year was a record year for trade in the United States, according to a recent report from the U.S. Department of Commerce. Exports and imports both reached their highest ever year over year growth rates, sending a positive message of recovery after pandemic-related dips.
Read More »As Glass Bottle Prices Rise, Winemakers Embrace Can, Box Packaging Options
Food & Wine Magazine reports that the price of glass bottles has been increasing steadily alongside recent growing demand, reportedly up as much as 20% over the past few months.
Read More »Alaska Air, Lufthansa Adapt Planes to Transport Cargo Instead of Passengers
According to the latest available data, B2B e-commerce volume in the U.S. surpassed the $6 trillion mark in 2019, a figure that is likely even higher now in 2022. This e-commerce growth is fueling related demand in two major areas: warehouse space and air cargo.
Read More »Food Products, Steel, Adhesives Among Most In-demand Services in Q1 2022
In today’s Report, we’ll look at some of the Q1 2022 national industrial sourcing and sector-specific procurement trends highlighted in the newly published Sourcing Activity Snapshot report. These proprietary insights are based on data from the 70,000 product and service categories on Thomasnet.com.
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