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Industrials
Since the 2022 beginning, the situation of the world economy has significantly deteriorated. The expectations were high earlier in the year as the economy was stabilizing and returning to normal after the Covid disruption.
Logistics is a significant part of supply chain management and refers to a robust network of roadways, railways, airways, and seaways engaged in the storage, management, transportation, and delivery of products from the point of origin to the point of termination.
After a drop of 4.2% in 2020 due to the pandemic, global manufacturing output increased by 9.4% in 2021, a big boost for the manufacturing sector.
After 10 years of continuous growth, world auto production saw a significant decline in 2019, with global production decreasing more than 5% for the year. In 2019, manufacturers produced approximately 92mn vehicles worldwide, including 67mn cars and 25mn commercial vehicles.
The industrial sector is comprised of companies that mainly focus on manufacturing, delivery of goods, and commercial services. The sector features fourteen different industries including: aerospace & defense, air freight & logistics, airlines, building products, commercial services & supplies, construction & engineering, electrical equipment, industrial conglomerates, machinery, marine, professional services, road & rail, trading companies & distributors, and transportation infrastructure.