Category: Manufacturing
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2025 Warehousing Market: Insights for Buffalo, NY Manufacturers
The warehouse vacancy rate has doubled from 3.4% to 7.2% in just three years. This presents both challenges and opportunities for local manufacturers as we move into 2025. By understanding trends and implementing strategic adjustments, manufacturers can position themselves for success in an evolving landscape.
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U.S. manufacturing activity sank to a 15-month low in October 2024
The ISM’s October Manufacturing PMI® report indicates continued contraction in U.S. manufacturing, with an overall index at 46.5%. Key metrics like New Orders (47.1%) and Production (46.2%) show slowed activity, while employment slightly improves. Political shifts may lead to a more favorable outlook for industry growth moving forward.