article thumbnail

Geared products market to grow by 7.2% in 2022

Control Engineering

Steep drops in commodity and freight costs in 2023 are expected to push down prices significantly. 2022 has been another good year for the geared products market, but a small decline is expected in 2023 followed by a return to growth in 2024. Following behind the APAC region, the Americas market is predicted to experience a CAGR of 4.1%

Freight 52
article thumbnail

Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

CBP regulations place the burden for accuracy in the importation and payment of duties on the importer of record – not the broker or freight forwarder, as some importers mistakenly believe. Coordinate with Customs Brokers & Freight Forwarders. Different sources have articulated different definitions.