Here are some of the key trends that defined 2024, as well as predictions and strategic insights as companies navigate the complexities of the global market and plan for 2025 and beyond.

This year, Visa’s preliminary insights indicate that the overall holiday retail spend in the U.S. increased 4.8% year over year. This is across all forms of payment, including cash and check and is not adjusted for inflation.

As e-commerce demand continues to surge with no end in sight, brands are increasingly taking notice of right-sized packaging and its potential to transform its warehouse operations.

As the manufacturing landscape continues to evolve, flexibility, innovation and strategic thinking will be key to ensuring the long-term health and competitiveness of the U.S. manufacturing sector.

The tariffs increased by 15% for textiles and up to 35% for finished apparel products. These are seen as a protective measure for the Mexican textile industry and to reduce imports from China, potentially avoiding trade conflicts with the U.S.