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 at mhi.org/economic-report.
MHI is an international trade association that has represented the material handling, logistics and supply chain industry since 1945. MHI members include material handling and logistics equipment and systems manufacturers, integrators, consultants, publishers and third-party logistics providers. MHI offers education, networking and solution sourcing for their members, their customers and the industry as a whole through programming and events. The association sponsors the ProMat and MODEX expos to showcase the products and services of its member companies and to educate manufacturing and supply chain professionals on the productivity solutions provided through material handling and logistics.
About Oxford Economics
Oxford Economics is a world leader in global research and economic analysis for business and government. We specialize in evidence-based thought leadership, forecasting, and economic impact analysis. Our economists use sophisticated analytical models and have access to a rich database of figures, forecasts, and analysis on 200 countries, 100 industrial sectors, and 7,000 cities and regions. Founded in 1981 as a joint venture with Oxford University’s business college, Oxford Economics is now one of the world’s foremost independent global advisory firms. Headquartered in Oxford, with offices around the world, we employ more than 400 people, including over 250 economists, industry experts, and business editors. Oxford Economics has a worldwide client base of over 1,500 corporations, financial institutions, government organizations, professional firms, and universities.