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Economic Impact of Material Handling

MHI recently released, in collaboration with Oxford Economics, a new report, “Handling the US Economy: The Economic Impact of the Material Handling Industry.” This report explores the relationship between material handling and wider economy of the supply chain, finding that “the economic contribution of this industry extends far beyond the locations where [equipment] is manufactured… or designed.”

Material handling firms are helping to support more industries as time goes on and the economic impact of this support is widespread. Oxford Economics conducted “research, analysis, and impact modeling to clearly quantify the economic contribution of the material handling in the US.”

“This report shows just how important the material handling industry is to keeping our economy thriving. Not only do we provide the actual goods that handle materials, we also provide support services such as consulting, leasing, and design services to generate more value throughout the supply chain and the wider economic environment,” says George Prest, CEO of MHI. “We’re excited to share this information with you to help you with your business decisions down the road.”

To learn more about the economic footprint of the material handling industry, you can download the report on the MHI website.

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This issue of MHI Solutions tackles the important topic of digital technologies in the supply chain industry, especially as it relates the transportation and logistics. Transportation plays a central role in supply chains, whether they are local or global enterprises. And just like the overall supply chain, transportation is facing a digital revolution including new solutions for tracking road, rail, sea and air freight and parcel transportation. These digital technologies are disrupting the industry, but they are also providing im-portant new solutions for transportation inefficiencies and urban logistics challenges. They are also creating new digital business models that enhance transparency and sustainability and contribute to end-to-end supply chain visibility. Like the innovations impacting supply chains, these trends are being driven by the growth of e-commerce and the consumers’ never-ending need for better, faster and cheaper. Ignoring them is done at your own peril.

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