Both energy and non-energy commodity prices continued to surge in August, rising 5,3% and 4%, respectively.
The supply chain wouldn't be able to function without the trucking industry. As crucial as this sector is, it faces some substantial challenges as shipments grow and market demands shift. Trucking is ripe for disruption, and technology like Internet of Things (IoT) devices and robotics are leading the charge.
Global sales for copper ore exports by country totaled US$57.9 billion in 2019. That dollar amount reflects a 27.4% increase since 2015 but a -8.4% decline from 2018 to 2019.
Energy prices rose 6,1% in July, following spikes of 24,7% in June and 32,2% in May.
The manufacturing industry has been at the forefront of automation for as long as robotics have been around. Before the first industrial robots moved onto factory floors, manufacturers were already experienced in finding ways to get more done in less time. Now, with robots everywhere, they're still finding new applications and benefits of automation.
Global sales from cellphone exports by country totaled US$267.4 billion in 2019.
Overall, the value of worldwide cellphone shipments rose by an average 2.9% for all exporting countries since 2015 when exported cellphones were valued at $259.7 billion. Year over year, export sales of cellphones declined by -11% from 2018 to 2019.
Energy prices rose 24,7% in June, following a 32,2% spike in May. Despite the recent gains, prices remain 37% below end-2019 levels.