The U.S. domestic truckload freight market in 2021 was approximately $732 billion, according to Statista. In the same period, the Mexican domestic freight market was estimated at approximately $45 billion. Likewise, the U.S.-Mexico cross-border freight market grew to $461 billion in 2021, while Mexico’s trade with the U.S.
The Mexican 3PL market would register a compound annual growth rate of more than 7.0% between 2021 and 2025, according to Modor Intelligence. The third-party logistics, or 3PL, sector continues to grow as an increasing number of companies outsource their logistics functions to more cost-effectively manage and extract
The demand for IoT devices has maintained an upward trend and its dynamic rise is expected to continue in projections through 2026. According to Hong Kong-based Tuya Inc, growing end-user demand for smart devices, driven by increased affordability and improved user experiences, is driving brands to adopt IoT
Between September 2021 and March 2022, base metal prices grew 25%, according to the Bloomberg Base Metals Spot Index. Tata Motors highlights that metals prices have been steadily rising since December 2021, supported by stronger demand forecasts as well as limited supply due to disruptions in some major
Kekén, Mexico‘s largest pork exporter to Japan and a Grupo KUO company, is vertically integrated. A report released by the Inter-American Development Bank (IDB) described Kekén as a success story as follows in an excerpt. The company is located in the Merida area of the state of Yucatan
Changes in global demand for fruits and vegetables in the world are generating new opportunities for producers, including small producers, highlights a report published by the Inter-American Development Bank (IDB). In 2021, world exports of fruits and vegetables totaled US$225.6 billion. In addition to greater use of technological