On December 17th, Summit – Unloaded was once again joined by Donald Broughton, chief economist of the transportation industry. During his session, Donald cast his predictions for the global economy and industry as a whole, discussing the turbulence of the past year as well as the challenges– and opportunities– we have ahead of us in 2021. See some of the top predictions mentioned during his presentation below, or fill out the form to download Donald’s full deck which includes 25+ more predictions for the new year.
Donald’s Top Predictions for 2021
- There will be an accelerated adoption of autonomous vehicles (ride services for cars, over the road trucks at night, etc.)
- Supply chains will get shorter in distance
- Technology will become an even larger part of the industrial and consumer economy
- E-tailing and last mile fulfillment will explode in size and the growth will only be limited by infrastructure (specialized warehousing, trailers, small delivery trucks, etc.) in the rate of expansion over the next 3-5 years
- The European Union will struggle to remain united; divergence in economic consequences will push other countries to follow the U.K. and exit the EU
- The U.S. Dollar will remain strong versus most of the other world currencies, and may struggle with the challenges of being “too strong” as our economy grows faster than most others, our exports grow (mostly through increased energy exports), and technology drives more anchoring of manufacturing and assembly
- Inflation will remain benign and interest rates will stay low as personal consumption has been lowered, productive will be boosted by increased use and adoption of technology, and the balance of trade will steadily improve for the next several years
Complete the form below to download Donald’s full presentation deck.