The logistics industry has been on a roll, with Phoenix’s impact on the sector doubling in the last five years, according to the latest findings of a new study by the Jerusalem-based Center for Economic and Policy Research.
The research, titled The Next Phoenix: How the City is Changing the Way We Get Things to Customers, found that in the first five years of the Phoenix expansion, the city had the third-largest growth in overall shipments and the third largest growth in the logistics sector.
It also found that the Phoenix program’s impact was greatest in the sector’s logistics logistics processing sector, which includes warehousing, logistics logistics, warehousing services, logistics supply and logistics management.
“It’s important to note that Phoenix is a very different operation than what it was before,” said Shira Alper, senior policy analyst at the center.
“It is now more about the warehousing and logistics services and services that the city provides.”
The impact on warehousing was particularly stark.
For the first time in five years the number of Phoenix jobs declined, with the number dropping from 3,500 to 2,300.
The city’s employment rate has also declined in the past five years from 53.9 percent to 52.7 percent, according the center’s findings.
The economic benefits of Phoenix’s expansion are not just about the number and quality of jobs created, but also the ripple effects that the growth will have on the region, the study found.
The economic impact of the expansion will also be felt at the state and federal level, as well as the region’s transportation sector, Alper said.
“I think the focus of this study is on the broader implications for regional economies and the national economic and social landscape,” Alper told The Jerusalem Mail.
The city’s impact is especially pronounced in the region.
“Phoenix has transformed the logistics landscape in the Greater New York Area, and its impact is not only visible in the area, but is being felt on the ground,” said Mark Weisbrot, chief economist at the Center for Business and Economic Research.
Phoenix has been hailed as a key player in New York’s economy, as it has been the regions top provider of logistics services to the Greater Los Angeles area.
But it has also been criticized for its labor costs and its lack of regulatory protections.
The report found that Phoenix had been among the least regulated industries in the state, with only one regulatory agency for its entire supply chain.
The city has also faced criticism for its reliance on subcontractors for some of its logistics services.
“While it is true that Phoenix has the largest number of contractors, that does not mean that the overall quality of the work is high, as some subcontractors have been accused of working on subcontracts that are in violation of state labor laws,” said Alper.
Phoenix’s presence in the city has been welcomed by the New York Chamber of Commerce, which said the new city should be recognized as a leader in logistics and transportation services.
The report also found Phoenix is having an impact on transportation services across the city.
The sector saw its number of riders increase from 6,800 in 2013 to 10,200 in 2019, according Phoenix’s annual report.
The company has also become more efficient in its use of the rail network, and is also a leader on digital and mobile services.
For example, in 2018, the Phoenix Chamber of Industries and Commerce was awarded the city’s “top business innovation award,” and in 2019 the Chamber of Industry and Commerce received the citys top job of innovation officer.
The center also found a strong correlation between Phoenix’s growth and the increase in business investment in the financial sector.
“The economic impact from Phoenix’s presence has been felt in the form of greater investments in financial services,” Alpar said.
“This is also reflected in the economic benefits to the region.”
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