Manufacturing supply chains in 2024 are being shaped by shifting consumer behavior, reshoring strategies, and economic uncertainty. While consumer spending remains strong in food and CPG, home goods shipments dropped 28% year-over-year due to a weak housing market and inflation pressures. Improved U.S. industrial output lifted domestic shipments 23% in July 2023, while APAC imports fell by more than 50%, signaling a pivot to nearshoring. Industries like automotive and chemicals still face sluggish demand, but reshoring offers agility and reduced inventory risk. Companies investing in digital transformation and visibility are best positioned to navigate disruptions and gain competitive advantage.

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