Ungated Post | 30 Sep 2019
Handling the US Economy: The Economic Impact of the Material Handling Industry
MHI commissioned this report with Oxford Economics to quantify the economic impact that this vital industry has across all industries and regions of the United States. That impact in 2018 amounted to more than $173.2 billion in GDP, as well as $39.3 billion in taxes to local, state and federal governments. In addition, the report found that the material handling industry supported nearly 1.6 million jobs in 2018. Material handling companies directly employ more than 400,000 employees in manufacturing, rental and leasing, as well as information and software services, among others. In addition, for each worker directly employed by the material handling industry, an additional 2.9 jobs are supported in the wider economy, either in the supply chains of material handling companies or through the wage spending of those employed by the firms themselves or their supply chains.
Read the full report and view the video here
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Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
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