Discover the Top-Paying Positions in Wholesale Distributors: High-Demand Jobs in the Industry

Discover the Top-Paying Positions in Wholesale Distributors: High-Demand Jobs in the Industry

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Discover the top-paying careers in wholesale distributors. From logistics managers to sales representatives, explore your options today!


Wholesale distributors are companies that supply products to retailers and other businesses in bulk. They play a vital role in the economy by ensuring that goods are available in the market for customers to purchase. As with any industry, some jobs in wholesale distributors offer higher salaries than others. If you're looking for a high-paying career in this field, then you'll be interested to know that there are several options available. From sales to finance, management to logistics, wholesale distributors offer a range of job opportunities that pay top dollar. In this article, we'll explore some of the best paying jobs in wholesale distributors and what it takes to secure them.

One of the highest paying jobs in wholesale distributors is that of a sales manager. Sales managers are responsible for leading a team of sales representatives and ensuring that they meet their targets. They also develop sales strategies, analyze data, and work closely with customers to establish strong relationships. With an average salary of $120,000 per year, sales managers earn well above the national average. However, this position requires a deep understanding of sales and marketing, as well as excellent communication and leadership skills.

If you're more interested in the financial aspect of wholesale distributors, then a career as a financial analyst may be a good fit for you. Financial analysts help companies make informed financial decisions by analyzing data and providing recommendations. They also prepare financial reports and forecasts, and monitor industry trends. With an average salary of $85,000 per year, financial analysts earn a comfortable living and have plenty of room for growth within the company.

Another high-paying job in wholesale distributors is that of a logistics manager. Logistics managers oversee the movement of goods from the supplier to the customer, ensuring that they are delivered on time and in good condition. They also manage inventory levels, coordinate with suppliers and carriers, and optimize transportation routes. With an average salary of $90,000 per year, logistics managers are well-compensated for their crucial role in the supply chain.

For those who enjoy working with data and technology, a career as an IT manager may be a good fit. IT managers oversee the company's technology infrastructure, ensuring that it is secure, reliable, and up-to-date. They also manage the IT staff, develop technology strategies, and ensure that the company is compliant with industry regulations. With an average salary of $110,000 per year, IT managers are highly valued by wholesale distributors who rely heavily on technology to run their operations.

If you have a knack for organization and attention to detail, then a career as an inventory control specialist may be a good fit. Inventory control specialists are responsible for managing the company's inventory levels, ensuring that they have enough stock to meet customer demand while minimizing excess inventory. They also track inventory data, analyze trends, and make recommendations to management. With an average salary of $50,000 per year, inventory control specialists earn a decent living and have plenty of opportunities for advancement within the company.

Another high-paying job in wholesale distributors is that of a purchasing manager. Purchasing managers are responsible for sourcing products from suppliers, negotiating prices, and managing relationships with vendors. They also develop purchasing strategies, manage inventory levels, and ensure that the company is getting the best possible value for its money. With an average salary of $100,000 per year, purchasing managers are well-compensated for their important role in the company's success.

For those who enjoy working with people and have excellent communication skills, a career as a customer service manager may be a good fit. Customer service managers are responsible for ensuring that customers are satisfied with the company's products and services. They also manage the customer service team, develop customer service strategies, and work closely with other departments to address customer concerns. With an average salary of $70,000 per year, customer service managers earn a comfortable living while making a positive impact on the company's reputation.

Another high-paying job in wholesale distributors is that of a marketing manager. Marketing managers are responsible for promoting the company's products and services to customers and other businesses. They also develop marketing strategies, manage advertising campaigns, and analyze market trends. With an average salary of $100,000 per year, marketing managers earn a good living while helping the company grow its customer base and increase sales.

If you're interested in managing people and operations, then a career as a general manager may be a good fit. General managers oversee all aspects of the company's operations, from sales and marketing to logistics and finance. They also manage the staff, develop business strategies, and ensure that the company is compliant with industry regulations. With an average salary of $130,000 per year, general managers are highly valued by wholesale distributors who rely on their expertise to run their operations smoothly.

Finally, for those who enjoy working with numbers and have a love for finance, a career as a chief financial officer (CFO) may be the ultimate goal. CFOs are responsible for overseeing all aspects of the company's finances, from budgeting and forecasting to accounting and taxation. They also develop financial strategies, manage relationships with investors and lenders, and ensure that the company is financially stable and profitable. With an average salary of $250,000 per year, CFOs are some of the highest paid professionals in the wholesale distributors industry.

In conclusion, there are many high-paying jobs in wholesale distributors for those who are willing to put in the time and effort to build their careers. Whether you're interested in sales, finance, logistics, IT, or management, there is a job in this field that will suit your skills and interests. By pursuing one of these careers, you can earn a comfortable living while making a positive impact on the economy and society as a whole.


Introduction

Wholesale distribution is a massive industry with sales reaching trillions of dollars each year. This industry is responsible for supplying goods to retailers, businesses, and consumers. Wholesale distributors are always in need of skilled and competent professionals to manage their operations. In this article, we will discuss some of the best-paying jobs in wholesale distributors.

Supply Chain Manager

A supply chain manager is responsible for managing the entire supply chain process from sourcing raw materials to delivering finished goods to customers. They ensure that the supply chain runs smoothly and efficiently. Supply chain managers need to have strong analytical skills, excellent communication skills, and a thorough understanding of the industry. The average salary for a supply chain manager in wholesale distribution is around $100,000 per year.

Operations Manager

An operations manager is responsible for overseeing the day-to-day operations of a wholesale distribution center. They ensure that the facility runs efficiently, and all orders are fulfilled on time. Operations managers need to have excellent organizational skills, a strong attention to detail, and the ability to manage a team. The average salary for an operations manager in wholesale distribution is around $80,000 per year.

Sales Manager

A sales manager is responsible for managing the sales team and driving revenue growth. They develop sales strategies, set sales targets, and provide training and support to the sales team. Sales managers need to have excellent communication skills, a strong understanding of the market, and the ability to motivate a team. The average salary for a sales manager in wholesale distribution is around $90,000 per year.

Warehouse Manager

A warehouse manager is responsible for managing the warehouse operations, including receiving, storing, and shipping goods. They ensure that inventory levels are maintained, and orders are fulfilled on time. Warehouse managers need to have strong organizational skills, excellent attention to detail, and the ability to manage a team. The average salary for a warehouse manager in wholesale distribution is around $70,000 per year.

Logistics Manager

A logistics manager is responsible for managing the transportation of goods from the warehouse to the customer. They plan and coordinate transportation routes, negotiate with carriers, and ensure that deliveries are made on time. Logistics managers need to have excellent analytical skills, a strong understanding of transportation regulations, and the ability to manage a team. The average salary for a logistics manager in wholesale distribution is around $80,000 per year.

Marketing Manager

A marketing manager is responsible for developing and implementing marketing strategies to promote the company's products and services. They conduct market research, develop advertising campaigns, and manage social media channels. Marketing managers need to have excellent communication skills, a strong understanding of the market, and the ability to manage a team. The average salary for a marketing manager in wholesale distribution is around $90,000 per year.

Financial Manager

A financial manager is responsible for managing the financial operations of the wholesale distribution center. They oversee budgeting, forecasting, and financial analysis. Financial managers need to have strong analytical skills, a thorough understanding of finance, and the ability to manage a team. The average salary for a financial manager in wholesale distribution is around $100,000 per year.

IT Manager

An IT manager is responsible for managing the information technology systems and infrastructure of the wholesale distribution center. They oversee the implementation of new technology, provide technical support, and ensure that all systems are secure. IT managers need to have strong technical skills, a thorough understanding of information technology, and the ability to manage a team. The average salary for an IT manager in wholesale distribution is around $100,000 per year.

Human Resources Manager

A human resources manager is responsible for managing the human resources function of the wholesale distribution center. They recruit and hire employees, provide training and support, and ensure that all legal requirements are met. Human resources managers need to have excellent communication skills, a thorough understanding of employment law, and the ability to manage a team. The average salary for a human resources manager in wholesale distribution is around $80,000 per year.

Conclusion

Wholesale distributors require skilled professionals to manage their operations efficiently. The jobs mentioned in this article are some of the best-paying jobs in wholesale distribution. Each job requires specific skills and knowledge, and the salaries vary depending on the level of responsibility and experience. If you are interested in a career in wholesale distribution, these jobs can provide you with a lucrative and rewarding career.


The High-Paying World of Wholesale DistributorsWholesale distributors play a crucial role in the supply chain, linking manufacturers and retailers. They are responsible for buying goods in bulk from manufacturers and selling them to retailers who then sell them to end consumers. The wholesale distribution industry is a vast and growing market, with an estimated global value of $7.2 trillion in 2020. This industry offers numerous career opportunities, and it is known for its high-paying jobs.If you are looking for a lucrative career, wholesale distribution might be the perfect fit for you. In this article, we will explore the top 10 best paying jobs in wholesale distribution, the skills required to succeed in these roles, and how to land a high-paying job in this industry.The Top 10 Best Paying Jobs in Wholesale Distribution1. Chief Executive Officer (CEO): The CEO is the highest-ranking executive in a wholesale distribution company. They are responsible for setting the company's overall strategy, making major corporate decisions, managing the company's finances, and overseeing all operations. CEOs earn an average salary of $171,000 per year.2. Chief Financial Officer (CFO): The CFO is responsible for managing the financial risks of the company and ensuring the company's financial stability. They oversee all financial operations, including budgeting, forecasting, and financial analysis. CFOs earn an average salary of $147,000 per year.3. Vice President of Sales: The Vice President of Sales is responsible for developing and implementing sales strategies that drive revenue growth. They oversee all sales operations, including hiring and training sales staff, managing sales teams, and developing pricing strategies. Vice Presidents of Sales earn an average salary of $138,000 per year.4. Vice President of Operations: The Vice President of Operations is responsible for overseeing all operational aspects of the business, including logistics, warehousing, and inventory management. They ensure that the company's operations are efficient and cost-effective. Vice Presidents of Operations earn an average salary of $136,000 per year.5. Director of Logistics: The Director of Logistics is responsible for managing the transportation and storage of goods, ensuring that they are delivered to customers on time and in good condition. They oversee the transportation network, including trucking, shipping, and air freight. Directors of Logistics earn an average salary of $124,000 per year.6. National Sales Manager: The National Sales Manager is responsible for managing a team of sales professionals, developing sales strategies, and setting sales goals. They work closely with the Vice President of Sales to ensure that the company's revenue targets are met. National Sales Managers earn an average salary of $120,000 per year.7. Director of Purchasing: The Director of Purchasing is responsible for sourcing and purchasing goods at the best possible prices while maintaining quality standards. They negotiate contracts with suppliers and manage the procurement process. Directors of Purchasing earn an average salary of $114,000 per year.8. Warehouse Manager: The Warehouse Manager is responsible for managing the day-to-day operations of the warehouse, including receiving, storing, and shipping goods. They ensure that the warehouse is organized, clean, and safe. Warehouse Managers earn an average salary of $79,000 per year.9. Sales Representative: Sales Representatives are responsible for selling products to retailers and other businesses. They develop relationships with customers, provide product information, and negotiate sales agreements. Sales Representatives earn an average salary of $68,000 per year.10. Inventory Manager: The Inventory Manager is responsible for managing inventory levels to ensure that the right products are in stock at all times. They work closely with the Director of Purchasing to ensure that inventory levels are optimized. Inventory Managers earn an average salary of $66,000 per year.From Sales to Logistics: The Lucrative Careers in Wholesale DistributorsThe wholesale distribution industry offers a variety of career paths, from sales to logistics and everything in between. The industry is known for its high-paying jobs, and there are many opportunities for growth and advancement.One of the most lucrative careers in wholesale distribution is in sales. Sales professionals are responsible for developing relationships with customers and driving revenue growth. They work closely with customers to understand their needs and provide them with the right products at the right price. Sales professionals can earn high salaries, especially if they are successful in meeting their sales targets.Another lucrative career path is in logistics. Logistics professionals are responsible for managing the transportation and storage of goods, ensuring that they are delivered to customers on time and in good condition. They work closely with suppliers, carriers, and customers to ensure that the logistics network is efficient and cost-effective. Logistics professionals can earn high salaries, especially if they have expertise in supply chain management.Other careers in wholesale distribution include purchasing, inventory management, and warehouse management. These roles are essential to the smooth operation of the business, and they require strong analytical and organizational skills. Professionals in these roles can earn high salaries, especially if they have experience managing large volumes of inventory or overseeing complex supply chains.Exploring the Highest-Paying Roles in Wholesale DistributionThe highest-paying roles in wholesale distribution are typically executive-level positions such as CEO, CFO, Vice President of Sales, and Vice President of Operations. These positions require significant experience and expertise in their respective fields, and they are responsible for making major corporate decisions that impact the company's overall success.Other high-paying roles in wholesale distribution include Director of Logistics, National Sales Manager, and Director of Purchasing. These positions require strong leadership and analytical skills, as well as expertise in logistics, sales, or procurement.Why Wholesale Distribution is a Great Industry for High-Earning CareersWholesale distribution is a great industry for high-earning careers for several reasons. First, the industry is growing and has a global value of $7.2 trillion in 2020, providing numerous job opportunities. Second, the industry is essential to the supply chain, linking manufacturers and retailers, ensuring that products are available to consumers. Third, the industry is known for its high-paying jobs, with many executive-level positions offering six-figure salaries.The Most In-Demand and Highest-Paying Jobs in Wholesale DistributorsThe most in-demand and highest-paying jobs in wholesale distributors are typically executive-level positions such as CEO, CFO, Vice President of Sales, and Vice President of Operations. These positions require significant experience and expertise in their respective fields, and they are responsible for making major corporate decisions that impact the company's overall success.Other in-demand and high-paying roles in wholesale distribution include Director of Logistics, National Sales Manager, and Director of Purchasing. These positions require strong leadership and analytical skills, as well as expertise in logistics, sales, or procurement.The Best-Kept Secrets of High Earnings in Wholesale Distribution JobsThe best-kept secrets of high earnings in wholesale distribution jobs are related to experience, education, and networking. To earn a high salary in this industry, it is essential to have significant experience in your field, as well as a strong educational background. Networking is also crucial, as it can help you build relationships with industry professionals and open doors to new job opportunities.Another secret to high earnings in wholesale distribution jobs is to focus on developing your skills in high-demand areas such as logistics, sales, and procurement. By becoming an expert in these areas, you can position yourself as a valuable asset to your company and increase your earning potential.The Top Skills You Need to Earn Big in Wholesale Distribution CareersTo earn big in wholesale distribution careers, you need to have a strong set of skills that are in high demand in the industry. These skills include:1. Leadership: The ability to lead and manage teams effectively is essential in executive-level positions.2. Analytical skills: The ability to analyze data and make informed decisions is critical in roles such as CFO and Director of Logistics.3. Sales skills: The ability to develop relationships with customers and drive revenue growth is essential in sales roles.4. Supply chain management: Expertise in managing the supply chain, including logistics and inventory management, is crucial in many roles in wholesale distribution.Breaking Down the Salaries of the Most Lucrative Jobs in Wholesale DistributorsThe salaries of the most lucrative jobs in wholesale distributors vary depending on factors such as experience, education, and location. Executive-level positions such as CEO, CFO, Vice President of Sales, and Vice President of Operations typically offer six-figure salaries, with some earning salaries in the high six-figures or even seven-figures.Other roles such as Director of Logistics, National Sales Manager, and Director of Purchasing can also offer high salaries, ranging from $100,000 to $150,000 per year. Sales Representatives and Inventory Managers typically earn lower salaries, ranging from $50,000 to $80,000 per year.How to Land a High-Paying Job in Wholesale Distribution: Tips and TricksTo land a high-paying job in wholesale distribution, you need to have a strong resume and cover letter that highlight your skills and experience. It is also essential to network with industry professionals and build relationships with potential employers.Another way to increase your chances of landing a high-paying job in wholesale distribution is to focus on developing your skills in high-demand areas such as logistics, sales, and procurement. By becoming an expert in these areas, you can position yourself as a valuable asset to your company and increase your earning potential.ConclusionWholesale distribution is a growing industry that offers numerous career opportunities, especially for those seeking high-paying jobs. The industry is essential to the supply chain, linking manufacturers and retailers and ensuring that products are available to consumers. The top 10 best paying jobs in wholesale distribution include executive-level positions such as CEO, CFO, Vice President of Sales, and Vice President of Operations, as well as other roles such as Director of Logistics, National Sales Manager, and Director of Purchasing. To earn big in wholesale distribution careers, you need to have a strong set of skills and focus on developing your expertise in high-demand areas. By following these tips and tricks, you can increase your chances of landing a high-paying job in this industry.

The Best Paying Jobs in Wholesale Distributors

Point of View

Wholesale distributors play a crucial role in the supply chain industry, providing products from manufacturers to retailers and other businesses. With this, the industry offers various job opportunities, including high-paying positions. From my point of view, the best paying jobs in wholesale distributors are essential for attracting and retaining competent professionals.

Pros and Cons of Best Paying Jobs in Wholesale Distributors

Like any job, there are advantages and disadvantages to consider when it comes to highly paid positions in wholesale distributors.

Pros

  1. High salary: The primary benefit of having a high-paying job in wholesale distributors is, of course, the salary. These positions offer competitive wages and benefits packages that can support a comfortable lifestyle.
  2. Career growth: Many of the best paying jobs in wholesale distributors come with opportunities for career advancement. Professionals can climb the ladder to executive or managerial roles, which can be challenging but fulfilling.
  3. Job security: Wholesale distributors are a critical component of the supply chain, making them less susceptible to economic downturns compared to other industries. As such, employees in these companies often enjoy more job security than those in other sectors.
  4. Learning opportunities: High-paying jobs in wholesale distributors often require specialized skills and knowledge. Employees can take advantage of training programs, workshops, and other educational opportunities to enhance their skills and advance their careers.

Cons

  1. Stressful work: Many of the best paying jobs in wholesale distributors can be stressful due to the high-pressure environment and demanding nature of the work. Professionals in these roles must have excellent time management, communication, and problem-solving skills.
  2. Long hours: Some high-paying jobs in wholesale distributors require long hours, especially during peak periods or when handling urgent orders. This can impact an employee's work-life balance and lead to burnout.
  3. Competition: High-paying jobs in wholesale distributors are highly competitive due to their attractive salaries and benefits. Candidates must possess the required skills and qualifications and often go through a rigorous selection process.
  4. Physical demands: Some positions in wholesale distributors involve physical labor, such as loading and unloading trucks or operating heavy machinery. This can be challenging for some employees, especially those with health or injury concerns.

Table Comparison or Information about Wholesale Distributors Jobs

Here's a table that compares some of the best paying jobs in wholesale distributors, including their median salaries and job outlook:

Job Title Median Salary Job Outlook
Wholesale and Manufacturing Sales Representatives $63,000 per year 2% growth (slower than average)
Transportation, Storage, and Distribution Managers $94,560 per year 6% growth (average)
Logisticians $74,750 per year 4% growth (average)
Operations Managers $100,780 per year 10% growth (faster than average)

It's worth noting that salaries and job outlook can vary depending on factors such as experience, location, and company size. It's essential to do thorough research and consult with industry professionals before pursuing a career in wholesale distributors.


The Best Paying Jobs in Wholesale Distributors

Dear readers,

Thank you for taking the time to read this article about the best paying jobs in wholesale distributors. We hope that our comprehensive analysis has provided you with valuable insights into the lucrative career opportunities available in this industry. As you know, wholesale distribution plays a critical role in the economy by supplying goods to businesses and consumers alike. Hence, it is no surprise that there are many high-paying jobs in this sector.

Before we dive into the top-paying positions, it is worth noting that wholesale distributors operate in various sectors, including but not limited to, food and beverage, pharmaceuticals, electronics, and automotive. Therefore, there are diverse career paths available to suit your interests and qualifications.

Now, let's get to it! Here are some of the best paying jobs in wholesale distributors:

1. Chief Executive Officer (CEO)

As the top executive of a wholesale distributor, the CEO is responsible for the overall strategic direction and management of the company. This role demands exceptional leadership, decision-making, and communication skills. CEOs typically have a background in business administration, finance, or management and earn an average annual salary of $190,000 to $300,000. However, this figure can vary depending on the size and performance of the company.

2. Chief Financial Officer (CFO)

The CFO is responsible for managing the financial operations of a wholesale distributor, such as budgeting, forecasting, and financial reporting. This role requires strong analytical skills, attention to detail, and knowledge of accounting principles. CFOs typically hold a degree in accounting, finance, or economics and earn an average annual salary of $150,000 to $250,000.

3. Sales Director

The sales director is responsible for driving revenue growth by developing and executing sales strategies, managing sales teams, and building relationships with customers. This role demands excellent communication, negotiation, and leadership skills. Sales directors typically hold a degree in marketing, business administration, or a related field and earn an average annual salary of $120,000 to $200,000.

4. Operations Director

The operations director is responsible for overseeing the day-to-day activities of a wholesale distributor, such as inventory management, logistics, and supply chain operations. This role requires strong organizational, problem-solving, and decision-making skills. Operations directors typically hold a degree in supply chain management, logistics, or a related field and earn an average annual salary of $100,000 to $180,000.

5. Human Resources Director

The human resources director is responsible for managing the recruitment, training, and development of employees in a wholesale distributor. This role requires strong interpersonal, communication, and leadership skills. HR directors typically hold a degree in human resources, business administration, or a related field and earn an average annual salary of $90,000 to $160,000.

6. Information Technology Director

The information technology director is responsible for managing the IT infrastructure and systems of a wholesale distributor, such as software applications, databases, and network security. This role requires strong technical, analytical, and problem-solving skills. IT directors typically hold a degree in computer science, information technology, or a related field and earn an average annual salary of $100,000 to $170,000.

7. Product Manager

The product manager is responsible for developing and managing the product portfolio of a wholesale distributor, such as pricing, promotion, and distribution strategies. This role requires strong analytical, market research, and communication skills. Product managers typically hold a degree in marketing, business administration, or a related field and earn an average annual salary of $90,000 to $150,000.

8. Procurement Manager

The procurement manager is responsible for sourcing and purchasing goods from suppliers for a wholesale distributor. This role requires strong negotiation, analytical, and project management skills. Procurement managers typically hold a degree in supply chain management, logistics, or a related field and earn an average annual salary of $80,000 to $140,000.

9. Warehouse Manager

The warehouse manager is responsible for overseeing the storage, handling, and distribution of goods in a wholesale distributor's warehouse. This role requires strong organizational, leadership, and problem-solving skills. Warehouse managers typically hold a degree in logistics, supply chain management, or a related field and earn an average annual salary of $70,000 to $120,000.

10. Sales Representative

The sales representative is responsible for selling products to customers on behalf of a wholesale distributor. This role requires strong communication, interpersonal, and negotiation skills. Sales representatives typically hold a degree in marketing, business administration, or a related field and earn an average annual salary of $60,000 to $100,000.

In conclusion, the wholesale distribution industry offers many high-paying job opportunities for individuals with diverse skills and qualifications. We hope that this article has provided you with valuable insights into the various career paths available in this sector. If you're interested in pursuing a career in wholesale distribution, we encourage you to do further research and explore the many job openings available. Thank you for reading!


People Also Ask About Best Paying Jobs in Wholesale Distributors

What are the best paying jobs in wholesale distributors?

The wholesale distribution industry offers a wide range of job opportunities with competitive salaries. Here are some of the best paying jobs in wholesale distributors:

  1. Sales Manager: Sales managers in wholesale distributors are responsible for leading a team of sales representatives and achieving sales goals. The average salary for a sales manager in wholesale distribution is $95,000 per year.
  2. Operations Manager: Operations managers oversee day-to-day activities in a wholesale distribution center and ensure that processes run efficiently. The average salary for an operations manager in wholesale distribution is $85,000 per year.
  3. Financial Analyst: Financial analysts in wholesale distribution analyze financial data to identify trends and make recommendations for cost savings. The average salary for a financial analyst in wholesale distribution is $75,000 per year.
  4. Warehouse Manager: Warehouse managers are responsible for managing inventory and ensuring that products are shipped and received on time. The average salary for a warehouse manager in wholesale distribution is $70,000 per year.
  5. Purchasing Manager: Purchasing managers in wholesale distribution are responsible for sourcing and purchasing products from suppliers. The average salary for a purchasing manager in wholesale distribution is $65,000 per year.

What qualifications do I need to get a high paying job in wholesale distribution?

To get a high paying job in wholesale distribution, you typically need a bachelor's degree in a related field such as business, logistics, or supply chain management. In addition, many employers prefer candidates who have several years of experience in the industry and strong leadership and analytical skills.

What is the job outlook for careers in wholesale distribution?

The job outlook for careers in wholesale distribution is positive. According to the Bureau of Labor Statistics, employment in the wholesale trade industry is projected to grow 3 percent from 2019 to 2029, adding approximately 64,500 new jobs. This growth is fueled by the increasing demand for goods and services in the global marketplace.