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Steep drops in commodity and freight costs in 2023 are expected to push down prices significantly. Following a slowdown in sales this year from 2021’s rapid growth rate, 2023 is expected to see sales decline by 0.9%. Regionally, APAC is expected to maintain its lead in the geared products market out to 2027 with a CAGR of 4.5%.
In addition, the Motion Industrial Centre’s position – both geographically and within the national supply landscape – offers possibilities to navigate the current import and freight delays. To read the full article, please go here. Everyone needs to operate as a team, and supporting each other plays a huge role in that.
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