Supply Chain Services
Supply chains are the lifeblood of the U.S. economy.
Transactions within global supply chains account for over 76 percent of world trade, and policies and practices that impact the configuration of supply chains can radically disrupt or redirect global trade patterns. The efficiency of U.S. supply chains is a critical factor supporting the global competitiveness of the U.S. economy as a whole. The integrity and security of these supply chains are also vital national security concerns. Emerging industry 4.0 technologies, including artificial intelligence, blockchain, and 3D printing, are radically changing the face of global supply chains, opening new and promising opportunities for U.S.-based manufacturing growth.
Distribution services contributed $2.7 trillion to U.S. private sector GDP in 2017, representing 17.2 percent of GDP. These services also accounted for 21.1 percent of the private sector workforce, or 25 million full time employees. In addition, cross-border exports of distribution services totaled $49.4 billion, or 6.3 percent of all U.S. cross-border services exports. Top markets for U.S. cross-border distribution exports include the United Kingdom, Japan, and Germany. Logistics services represented 49.8 percent of total distribution services exports.
The Office of Supply Chain, Professional and Business Services at ITA addresses policy and regulatory issues to ensure that U.S. supply chains are the most cost-effective, efficient, and secure in the world.
Supply Chain News and Resources
Date: October 25, 2023
Location: Hybrid - Department of Commerce Library/Zoom