Every day, manufacturers transport their goods across the globe. Whether it’s by truck, train, cargo ship, or even air, manufacturers and other businesses rely heavily on infrastructure to carry out their work. Without strong, dependable infrastructure, businesses of all kinds suffer.
Manufacturers are particularly reliant on infrastructure to receive raw materials and ship out goods to clients in a timely manner. Deficiencies in transportation and energy infrastructure reduce productivity and create delays, driving up costs for manufacturers.
Specifically, the construction of transportation infrastructure could reduce the travel/shipping costs, attract foreign investment, and expand trade. Transportation infrastructure plays a decisive role in industrialization and has spillover effects on regional innovation, factor reallocation (particularly enhancing economic growth in developing countries), and manufacturing productivity, which further the economic distributional effect.
Dow’s Policy Position
Dow believes that any transportation and infrastructure agenda must:
Last revised December 2022