Sourcing for Food Processing Equipment on the Rise
Spurred in part by higher global wages and a booming domestic economy, sourcing for food processing equipment is on the rise, up 8% over the historical average.
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Sourcing Picks Up for Pick & Pack Fulfillment Services
Considering the continued growth of e-commerce in 2018, sourcing for third party pick & pack services is expected to rise even more in 2019.
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Sourcing for LED Products Lights Up
Cost advantages, diverse applicability, and newly implemented federal- and state-level energy reduction regulations have spurred massive growth in the LED lighting market, driving the sector to an anticipated $70 billion by 2023.
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B2B Buying Trends For November 2018
In November, B2B buyers turned to Thomasnet.com to source Rubber, Cranes, Recycling Services, and Barcode Scanners in record numbers.
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Interconnected Industry 4.0 Technologies Drive Demand for Barcode Scanners
Sourcing for barcode scanners, a key Industry 4.0 technology, has been on the rise as scanners are increasingly utilized for a broad range of automatic identification and data capture tasks across virtually every industry.
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Changes to International Recycling Policy Force Manufacturers to Search for Alternatives
China's “National Sword” policy, which significantly limits how much plastic waste the country will import, has caused major upheaval in the global recycling supply chain and left industry looking for new solutions.
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U.S. Economic Boom Heightens Demand for Cranes
As the construction and manufacturing sectors remain strong, sourcing across the entire category of Cranes will likely show continued growth over the coming months.
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Escalating Rubber Tariffs Between U.S. and China Cause Sourcing Surge
With tariffs on rubber slated to rise again in January, increasing prices and growing sourcing activity signal that the industry is already feeling the impact.
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Supply Chain Trends For October 2018
We regularly analyze the petabytes of buyer behavior data generated every day on the Thomas Network at Thomasnet.com. Here's an inside look at the biggest changes in supply chain sourcing and buyer behavior over the past month.
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Industry 4.0 Reliance on Sensors Drives Increase in Sourcing
Stimulated by the massive proliferation of Industry 4.0, Thomasnet.com sourcing activity for the burgeoning smart sensor market grew significantly this quarter.
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