Transportation TIP List: Week of October 21st, 2018
Local elections across the country are quickly approaching, and we’re wondering: if you could vote for the most important trends in logistics, how would you cast your ballot? Top candidates in this week’s TIP List include preparation in the retail space for the upcoming holidays and an increase in manufacturing capacity.
Check out all of the news that made the list below, and let us know what industry trend you think is a front runner by tweeting us at @Transplace!
- 7 Scary Retail Trends as We Head into the Holidays: Holiday spending is projected to rise by 4.5% this season to $807 billion (including food and beverages). That alone suggests retailers will have to work harder to keep shoppers happy — and interested.
- The Halloween Supply Chain: Halloween is quickly approaching, and according to the National Retail Federation’s (NRF) annual survey, Halloween spending is expected to exceed $9 billion this year. With more than 175 million people planning on celebrating the holiday, that equates to an average spend of $86.79 per person, 60 cents over last year.
- U.S. Tariffs on Chinese Goods: Understanding the Updates: It can be a confusing time for the international shipping community due to the U.S. government’s implementation of new tariffs on Chinese goods entering America. Learn what’s on the list of products affected by the updated regulations and a timeline of events.
- U.S. Manufacturing Capacity Increases: U.S. manufacturers increased their capacity for the 16th straight month in September, fresh evidence that a strengthening economy is helping to propel a U.S. industrial rebound. The Trump Administration has prioritized increasing manufacturing investment in the U.S. with tax cuts and tariffs on a range of imported goods.
- Another Victim of the Trade Spat: U.S. Oil to China: S. oil exports to China have slowed to a trickle amid the trade spat between Washington and Beijing, in an abrupt reversal that is upending global crude trade flows and forcing American producers to find new buyers.
What industry trends do you think are the most important as we head into the election season?