Incorporating: Illinois, Indiana, Michigan, Ohio and Wisconsin.
Due to the high level of large industries active in the region, onsite supplies account for a relatively large share of 26%. Bulk deliveries account for another 28% of the market, whereas packaged supplies generated the largest share of $1.2 billion – equivalent to 38% of the market.
The regions GDP growth has fared relatively well over the past 14 years. The Great Lakes did of course feel the impacts of the recession – the economy dropped by -0.8% and -2.6%, in 2008 and 2009, respectively. Average GDP growth for the past decade has equalled 2.6% p.a. The region’s economy is largely driven by its manufacturing sector, with global headquarters and major production units of Ford, General Motors and Chrysler located in the region.
Report Data: 2016
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