"While many indicators suggest resilience, a number of challenges pose significant risks to continued growth.” Key concerns that supply chain professionals should be privy to include: Inflationary Pressure: If inflationary pressures persist or accelerate, it could erode consumer spending and confidenceMonetary Policy Uncertainty: The risk of inflation becoming entrenched could lead to more aggressive action from the Federal Reserve, with possible interest rate hikes impacting consumer borrowing and business investmentGlobal Economic Uncertainty: The global supply chain disruptions and rising geopolitical tensions could negatively impact US exports and supply chains, hurting sectors that rely on international tradeConsumer Confidence: If inflation and high borrowing costs weigh too heavily on households, it could lead to reduced discretionary spending, further slowing growth in key sectors like retail, travel, and housingTariffs: Per the recent incoming Trump Administration announcement, there is a potential for an increase in tariffs.
ITS Logistics and DAT confirm key concerns in 2025 include the impact of inflationary pressures, high interest rates, tariffs, and global uncertaintiesRENO, Nev., Jan.30, 2025 (GLOBE NEWSWIRE) -- ITS Logistics released the January ITS Supply Chain Report, revealing the U.S.economy was relatively stable last month but faced several headwinds.
However, concerns about higher interest rates and a potential economic slowdown in 2025 could bring more caution to the labor market.While the U.S.economy was not yet in recession in December 2024, the risks are heightened as we move into 2025.
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