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US imports are expected to boost by 20% before the end of 2021

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As per the 2021 Global Imports Report from Jungle Scout, US import percentage is expected to rise up to 20% by the end of 2021. The regions and industries contributing to this rise are limited, as only 10 countries account for 72% of US imports. China is the top ranked country until now that has added most to the import percentage, while India accounts for growth of 76.1% and Vietnam 52.4%. The industries that played a vital role in raising US imports are Machinery and Electrical 20.3%, Miscellaneous 14.5% and Textiles 10.2%.

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ConsumerGeniuses

Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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