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Aerospace | Automotive | Food & Ag
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T&ID examines new site selection and development factors facing food and agriculture, aerospace and automotive technologies. Companies across the country have altered their business models and their supply chains to meet urgent new needs in a changing business landscape. In this issue, we'll share insights into the ways industries have pivoted to adapt to an innovative business landscape. We’re also highlighting how six states – Alabama, Illinois, Indiana, Maryland, Mississippi and South Carolina – are meeting the challenges of today and tomorrow.
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Featured Location
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The Bluegrass State is open for business and open to new opportunity. And with $6.1 million awarded in 2021 to train Kentucky workers, it’s obvious that opportunity is more than a buzzword here.
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Featured Articles
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A High-Level Look at Aerospace Industry Location Trends
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The global aerospace market took a big hit during COVID-19; among the predominant negative influences, there was a precipitous decline in air passenger travel. In 2021, when estimated revenue was $900 billion, the market began a gradual rebound. Projections call for global industry revenue to top $1.2 trillion in 2025 for growth of seven percent.
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Maximum Overdrive: Trends in the U.S. Automotive Industry
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The automobile industry has recovered from the slowdowns of the COVID-19 pandemic. Challenges remain, however. The chip shortage remains a problem, and the monthly inventory-to-sales ratio has yet to recover from where it was in 2020. To overcome the challenges, the automotive industry understands that it needs to embark on transformative changes quickly.
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Strategies for Food Tech Companies in Their Manufacturing Footprint
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Technology eventually comes to change all industries, and the food industry is no exception. The global food market is projected to reach $8.7 trillion in revenue in 2022 with an expectation that it will grow at a compound annual growth rate of 4.8 percent to 2027, according to Statista. But some segments of the food market are expected to grow much faster.
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Keeping the Nation Fed: Supporting the American Food Supply Chain
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The way we eat has changed. We like healthy convenience food. We expect a variety of produce. We may be doing larger shopping less often thanks to the pandemic, or having our groceries delivered. The nation’s food suppliers and the regions in which they’re located have an urgent need for raw materials and places to ship, store, process and package them.
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