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
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
EMEA
Sam Moore
+44 (0)207 803 1415
Email
Americas
Hamilton Galloway
+1 (646) 503 3068
Email
Asia
Christie Tang
+852 3974 8841
Email
Related Services
Post
The Economic Footprint of JLR in the UK
This report examines the economic footprint of JLR in the United Kingdom in 2024. The analysis is conducted both at the national level, as well as on the West Midlands and North West regions, where JLR’s main facilities are located.
Find Out More
Post
Airbnb’s Economic Contribution to APAC in 2024: GDP, Jobs, and Regional Impact
Airbnb's platform connects hosts across Asia Pacific (APAC) with travellers from around the world. Oxford Economics was commissioned by Airbnb to quantify its economic footprint in 10 APAC markets in 2024.
Find Out More
Post
Economic Insights: Airbnb’s Contribution Through the Lens of Oxford Economics
Oxford Economics Australia delivered a tailored economic impact assessment for Airbnb, including GDP contribution modelling, job creation analytics, guest‑spend segmentation, and regional tourism dispersion insights to underpin Airbnb’s stakeholder communications and strategic growth initiatives.
Find Out More