Insights and Trends: Women in Supply Chain, Top Private Employers, & Wealth Migration
Shattering Supply Ceilings
Women now comprise 41% of the supply chain workforce, up from 35% in 2016. Across various levels, women's representation is on the rise.
Wal-mighty Workforce Reigns
Education, healthcare, and Walmart – top private employers in each state.
Parcel Pressure Peaks
While FedEx expects additional pressure on volume levels, it also anticipates a moderation in volume decline. Please note the significant decrease in volume starting in 2023.
Southern Boom Takes Root
The nation's economy is shifting southward, with Florida, Texas, Georgia, the Carolinas, and Tennessee benefiting from a $100 billion wealth migration.
Trust Bust: Institutions Struggle
While public confidence remains low for major institutions, including a record-low 43% of Americans having confidence in the police, public confidence in small businesses remains high. In fact, it ranks first among the alternatives listed.
Fueling Resistance: Gas-Guzzler Fights
The majority of Americans (59%) oppose phasing out new gas-powered cars and trucks. Additionally, 45% would be upset if the U.S. phased out their production.
And nearly 70% of Americans think the U.S. should use a mix of fossil fuels and renewables.
Fortunes and Feelings
Life satisfaction and GDP per capita.
Sky-High Soars Beyond '19
A full recovery in air travel has been achieved. Over the last week, there was an average of 2.65 million U.S. airline travelers per day, which is higher than any 7-day period in 2019.
Pandemic-propelled US economic surge
Economic growth since the pandemic: A comparison among major developed countries reveals that the United States boasts the fastest growth rates among all G7 nations.
Constructing economic heights!
Manufacturing construction spending continues to soar and has now reached a six-decade high.
Much of the growth in construction spending centers on manufacturing electronics, which has increased more than tenfold since 2020. And it represents nearly 60% of all manufacturing construction.
Opportunities narrow in June
The job openings ratio declined in June to 1.6 openings for every unemployed person; however, it still remains significantly above the historical average of 0.664.
Age agreement unites parties
Yes, we finally have a partisan agreement!
Meat: A steady sizzle
Global meat production has been steadily growing for decades, having increased fivefold since the 1960s. Poultry holds the top position, followed by pork.
Passion over fortune
Most adults state a preference for a low-paying job they love rather than a high-paying job they hate. This sentiment is particularly strong among older individuals.
Retirement exits, migration constricts
Factors contributing to labor shortages, such as increased retirement rates and restricted immigration, remain unresolved. Notably, there was a significant spike in retirements during COVID, and the subsequent increase has remained well above the trend line.
Cargo career detoured
A breakdown of job gains and losses during June reveals that the transportation and warehousing sector experienced a decline of nearly 7,000 jobs.
Manifest 2024 served as a reminder of the immense potential that lies ahead in the realm of supply chain technology.