Market Moves: Supply Chain - May 16th, 2024
 
 
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May 16, 2024
From the Editor

Hello, and welcome back to Market Moves Supply Chain!

The Semiconductor Industry Association projects that domestic chip manufacturing is on pace to triple in size by 2032. At the same time, the White House announced that it is hiking tariffs on $18 billion worth of Chinese imports, including the tariff for semiconductors which will surge from 25% to 50% by next year.

Furthermore, FTR Transportation Intelligence estimates that the freight recession will begin to see some improvements later this year, though growth will be relatively flat. The freight market also faces a continued rise in cargo theft, as Q1 2024 saw an increase of 46% compared to Q1 2023 according to data compiled by CargoNet.

Earlier this month, U.S. Senators introduced The Warehouse Worker Protection Act, splitting opinions as The Teamsters view it as a safety measure while the Wholesalers Distributors Association thinks it may be bad for business.

—Tyler Fussner

 

A new report from the Semiconductor Industry Association says the U.S. will triple its domestic chip manufacturing over the next eight years.
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The tariff rate on EVs is set to quadruple to 100% this year, the White House said.
Chief Supply Chain Officers Must Deliver Multiple Sources of Value to Retain Enterprise Influence
Gartner says that the focus on cost management rather than growth may be contributing to a loss of influence.
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excess driver capacity in freight
Small carriers continue to exit the industry, contributing upward pressure on rates that could soon lead to slow, sustainable growth.
Cargo theft is an industry-wide problem that isn’t slowing. Here’s why it’s gaining momentum and what fleets can do to decrease their risks of becoming the next victim.
Cargo theft is an industry-wide problem that isn’t slowing, and industry experts predict it will continue to grow.
Opposing Viewpoints on Senate Warehouse Worker Protection Bill
The Teamsters view it as a safety measure, while the Wholesalers Distributors Association says it's bad for business.

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