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Boeing Cuts Production and Downsizes on Employees Amid Company Troubles Boeing is cutting 17,000 jobs, delaying the first deliveries of its 777X jet to 2026, and recording $5 billion in third-quarter losses due to financial strain from a strike by 33,000 workers, which has halted production of key jets.
Gartner predicts that by 2026, 95% of data-driven decisions will be at least partially automated. Artificial intelligence (AI) and machine learninga subset AIhave fundamentally changed the way businesses operate. Yet, many companies struggle to harness AIs full potential.
According to Gartner’s report, Maverick* Research: ‘Demand-Driven’ Is Deadly to Your Supply Chain , 90% of supply chains will still be demand-driven by 2026.
compound annual growth rate through 2026. The global cold chain logistics market is likely projected to grow at a 17.9% Cold chains are an integral part of the global supply chain and logistics networks. Everything from produce to medicines and now even the COVID-19 vaccines need cold chains to be ferried.
As online shopping continues to grow – retail e-commerce sales are expected to make up nearly a quarter of total retail sales worldwide by 2026 – returns will become more prevalent. In the U.S, 21% of online orders were returned in 2021, up from 9% in 2019. Compare this to the 9% returns rate of purchases made in-store.
Gartner predicts, “The digital twin market will cross the chasm in 2026 to reach $183 billion in revenue by 2031.” Theyve provided a virtual mirror to physical assets, processes, or systems and [enabled] unprecedented levels of analysis, monitoring, and prediction.”[1]
Billion by 2026. from 2019 to 2026.”. As reported by GlobeNewswire , “ the global 4PL Logistics Market was estimated at USD 57.65 Billion in 2019 and is expected to reach USD 84.43 The global 4PL Logistics Market is expected to grow at a compound annual growth rate (CAGR) of 5.5%
between 2021 and 2026.The Back in 2020, the world’s chlorine market was valued at around 99 million tons. It’s projected to register a compound annual growth rate (CAGR) of over 3.5% The result? Demand for chlorine skyrocketed.
Partner with an expert before another year passes Returnuary is an annual event, which means retailers have 12 months to prepare for the 2026 post-holiday season. Start taking strategic action right now, so youre ready for a successful Returnuary 2026. Again, digital solutions are readily available to help.
The APAC automated storage and retrieval systems (ASRS) market is forecast to grow at a CAGR of about 10% between 2021 and 2026. This cooperation comes as warehouse automation booms across the Asia-Pacific region.
This drives an additional revenue contributions while adding strong growth potential across our data, solutions and platform business, supporting us reaching breakeven by the end of 2026. The team is also a fantastic addition.I
I am continuing to work on my latest Transportation Execution and Visibility Systems study, which looks at the total size of the market, the forecasted growth through 2026, and the leading suppliers across a number of categories including industry, region, customer size, and mode.
billion in 2017 and is expected to surge to over $8 billion by 2026. All of these entrants to the market, and the ongoing public acceptance and willingness to buy these products, means big bucks. According to a market report from Allied Research, the global meat substitute market was valued at $4.1
The warehouse automation market is forecasted to grow at a CAGR of approximately 14% and be worth USD 30 billion by 2026. The quest to deliver faster, better, and cheaper leaves operators turning to technologies like AI to try and crack the code. AI holds the promise for big gains.
billion in 2026, representing 30 percent growth per year. Robotic automation in the warehouse has exploded over the past decade and shows no signs of slowing down. Based on research from ARC Advisory Group, the mobile warehouse robotics market was estimated at $724 million in 2021 and is expected to grow to $2.7
In fact, it’s expected that more than 90% of IoT platforms will utilize some aspect of digital twins by 2026. And as consumers and regulators increasingly call for greater visibility and transparency along supply chains, digital twins are transforming from a nice-to-have to a must-have. Big, clunky, siloed, and out-of-date data.
Applications are due by July 2021, with the program looking to reduce deforestation between 2022 and 2026. Companies looking to take part in the project will only be allowed to join if they can show a commitment to “deep voluntary cuts” in their own emissions, in line with science-based targets and the Paris Agreement on climate.
Velocys is building a new biorefinery in Mississippi that is scheduled to begin commercial delivery of fuel in 2026. Southwest has signed an agreement with Velocys to purchase 219 million gallons of SAF at a fixed price, over a fifteen-year term. Velocys will synthesize biofuels out of forest residues at this facility.
By 2026,… The global logistics automation market has been growing at a Compound Annual Growth Rate (CAGR) of 12.4% since 2020, the highest growth rate of any supply chain market.
Chief Financial Officer John Dietrich specifically indicated: I think its reasonable to assume that the macro environment is not going to significantly improve at least through the first half of fiscal 2026. Dietrich further indicated that weakness from industrial customers was a further consideration.
trillion in gross merchandise value (GMV) will move online worldwide between 2021 and 2026, more than double the amount generated by all of the leading store-based channels.”[3] Trillion Online by 2026, According to Edge by Ascential’s Annual Future of the Digital Shelf Report ,” Business Wire, 22 March 2022. [4]
for corporate and technology jobs In Germany, 780,000 additional technology specialists are needed by 2026 to meet the estimated demand Globally, more than three million cybersecurity positions were open as of 2020. Business leaders are feeling pressure.
billion by 2026. Autonomous Guided Vehicles (AGVs) Although not yet widely adopted, AGVs, as potential substitutes for forklifts, promise to revolutionize the way cargo is transported inside and outside the warehouse. According to Mordor Intelligence, the global automated guided vehicle market was worth USD $2.41
By 2026 SSAB aims to be the first in its market to offer fossil-free steel to the market and largely eliminate carbon dioxide emissions from its own operations by around 2030. SSAB is a global steel company with a leading market position in high-strength steel and related services.
The Tern RC8 also features an e-Axle from Dana for optimum efficiency and battery cells supplied and manufactured by Panasonic Energy, initially in Japan before transitioning to De Soto, Kansas from 2026 onwards. That’s all for this week. Enjoy the long weekend and the song of the week, Kerry Von Erich’s intro music, Tom Sawyer by Rush.
During 2025, and likely extending into 2026, this industry will continue to be challenged by supply chain network related demand and supply imbalance concerns. The overall industry continues to be dogged by component, Tier 1 aircraft assemblies and aircraft engine shortages.
A similar report predicts that, by 2026, 75% of large companies will use some form of smart robotics technology in their warehouses. According to another recent study, the worldwide market for warehouse robotics will increase from $4.4 billion in 2020 to $15.79 billion by 2030 — an annual growth rate of 13.2%.
Factors driving growth across the industry include: Global economic and political efforts, 64 countries have elections this year Market modernization driven by Cloud, generative AI, and quantum computing Increased focus on sustainability as energy consumption from semiconductor manufacturing is set to double by 2026.
Minister for Finance Lawrence Wong said in February that Singapore’s carbon tax rate will be revised from S$5 per tonne of carbon to $25 in 2024, $45 in 2026, before reaching $50 to $80 per tonne by 2030.
In a 2016 survey conducted by MHI and Deloitte, a logistics industry group, 35% of respondents said they’d already adopted robotics to maximize their supply chain optimization. The same report suggested that in 10 years that number will rise to 74%.
Howland reports, “[UBS] analysts’ best case estimate is for 75,000 stores to collectively shutter by 2026, if e-commerce penetration rises from today’s 16% to 25%.” 2] Daphne Howland, “ 75K stores could shutter by 2026 ,” Retail Dive , 9 April 2019. [3] Footnotes. [1]
trillion by 2026, growing at a 7-8% CAGR. By leveraging 3PL expertise, companies can adapt swiftly to fluctuating consumer demands. According to Armstrong & Associates, the global 3PL market is expected to surpass USD 1.75 ROI of Automation Will Continue to Improve.
billion USD by 2026. billion by 2026. Dubai CommerCity, the first e-commerce free zone in the MENA region opened in April 2021 in Dubai. The Dubai Chamber indicates that UAE’s e-commerce market value is expected to hit 9.2 The UAE’s logistics industry is all set to reach USD 31.4
billion USD by 2026, if not before then. billion (USD) by 2026 at a CAGR of 9.1 percent from 2018 to 2026. Even before the arrival of the pandemic, the global e-learning market was expanding at an astonishing rate due to increasing patronage by university students, especially those in the lower-income bracket.
In fact, the truck driver shortage is expected to double to 100,000 in the next five years, but other industry experts, reports Iris Kuo of Trucks.com , suggest actual worsening could be as high as 200,000 unfilled positions by 2026. Drivers Have the Bargaining Power to Demand Higher Wages, Better Treatment, and More.
The percentage of localized mineral sourcing starts at 40% in 2023 and rises by 10% each year, reaching 80% after 2026. Essential minerals necessary for the battery vehicle—such as aluminum, cobalt, lithium, nickel, and graphite—must be extracted, processed, manufactured, and assembled in the U.S. (or
FedEx CEO and President Raj Subramaniam emphasized the critical importance of meeting consumer expectations anytime, anywhere, as the landscape of online retail sales is projected to reach an astounding $8 trillion annually by 2026.
The separation is intended to be completed in the second half of 2026 and in a manner that is tax-free to Honeywell shareholders. The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed industry leaders with distinct strategies and growth drivers.
In early 2020, online shopping increased 74% and projections point to the surge continuing up to 200 billion packages annually by 2026. Mailroom management software offers residential properties the ideal solution for handling increased volume while boosting tenant satisfaction in a big way.
Freight Transportation Forecast to 2026. percent by 2026. This means the increased revenue by 2026 would amount to more than five percent of the total current US National Debt. million by 2026. On July 27, 2015, the American Trucking Association s released the U.S. percent in freight volume within the next 11 years.
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