Wholesale distribution growth: Look Southeast
Dec 10, 2003 12:00 PM, from staff and wire reportsA new report forecasts that wholesaler-distributors in the southeastern United States will lead the industry in terms of jobs and revenue growth. The report, entitled NAW Economic Forecast 2004, was prepared by Pembroke Consulting and Economy.com for the National Association of Wholesaler-Distributors (NAW).
Among wholesaler-distributors across all 50 states and in the Southeast, Florida's wholesale distribution companies will likely be the fastest-growing in terms of revenues. On average, revenues by wholesaler-distributors in Florida are forecast to rise 8% in 2004. Georgia's distributors will also see revenues climb 5.2%, followed by North Carolina at 4% and South Carolina at 3.6%, respectively.
Florida will also lead the Southeast in employment growth among wholesaler-distributors as well with a forecast growth in hiring of 3.5%. North Carolina will see wholesale distribution jobs climb 1.7%, followed by South Carolina at 1.4%. Georgia will see jobs in wholesale distribution rise slightly at about 1%.
Employment and revenue growth among wholesaler-distributors in the Southeast will be the fastest-growing in the nation. The regional average for revenue growth by wholesaler-distributors is forecast at 6.2%, and the regional forecast for employment growth among wholesaler-distributors is 2.1%.
This report forecasts the national average employment growth among all wholesale distributors at 1.4% and revenue growth by wholesale distribution companies at 5.6%. Across the United States, the wholesale distribution industry consists of more than 300,000 companies that employ nearly one out of every 20 Americans.
The report can be purchased online by clicking here or by phoning 202-872-0885.