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October 14th – 18th 2024 Supply Chain & Logistics News Yesterday, I landed back in the States from my autumn getaway. Song of the week: The post October 14th- 18th Supply Chain & Logistics News appeared first on Logistics Viewpoints.
Already upended for two years by the COVID-19 pandemic, the worldwide logistics industry is facing new challenges. If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges.
And now on this week’s logistics news. Robots are continuing to become key components in the logistics space. A strong uptake in collaborative robot usage within the medical, education, logistics, and catering fields will likely drive that market to grow to three times its 2021 size by 2026. That’s all for this week.
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. Reverse logistics is difficult and costly. Moving Forward: Reverse Logistics Technology. In the U.S, Who pays the price?
With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. In short, they help users make better decisions, much faster, resulting in improved financial performance, inventory efficiency, and customer satisfaction. Get the insights you need.
Learning the difference between third party logistics (3PL) and fourth-party logistics (4PL), as well as 1PL and 2PL, and the rise of even fifth-party logistics (5PLs) is becoming increasingly sophisticated and valuable for driving successful supply chain operations. What is the difference between 3PL and 4PL?
Autonomous supply chains can help businesses by enabling faster and more accurate demand forecasting, optimizing inventory levels and distribution networks, automating warehouse and delivery operations, and enhancing customer service and satisfaction.
Trends Transforming Logistics and Supply Chains In the MENA Region in 2023. by Dr Shereen Nassar , Global Director of Logistics Studies and Director of MSc Logistics and Supply Chain Management Suite at Heriot-Watt University Dubai. billion USD by 2026. Flexibility for Resilient and Optimised Logistics and Supply Chain.
The warehouse automation market is forecasted to grow at a CAGR of approximately 14% and be worth USD 30 billion by 2026. The post Cracking the Code for AI in the DC appeared first on Logistics Viewpoints. The quest to deliver faster, better, and cheaper leaves operators turning to technologies like AI to try and crack the code.
trillion by 2026, surpassing the current GDP of all European Union member states combined. As retailers prepare to navigate this vast sea of potential sales, understanding the intricate world of logistics becomes imperative to streamline operations and enhance efficiency. Impact of Mega Distribution Centers in Logistics 8.
Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Material Handling & Logistics ). Material Handling & Logistics ). Logistics Management ). Logistics Management ).
The global logistics automation market has been growing at a Compound Annual Growth Rate (CAGR) of 12.4% By 2026,… since 2020, the highest growth rate of any supply chain market.
In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts. billion by 2026.
As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supply chain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. So acute is the shortage of warehouse space that some companies are not merely stockpiling inventory.
Dwight mentioned that the top two internal hurdles to achieving the goals in logistics are labor and cost control. Dwight added that 75% of large enterprises will have adopted some form of intralogistics smart robots in their warehouse operations by 2026.
Third-party logistics, or 3PLs, help outsource business operations such as supply chain and logistics. The global demand for 3PL (third-party logistics) services is increasing due to the rapid rise of e-commerce. trillion by 2026 due to the COVID-19 epidemic. Get your copy of the Logistics Success Playbook .
With the combination of benefits to international sellers and consumers, it’s no wonder parcel volume is expected to grow 11% CAGR up to 266 billion parcels by 2026. Leverage technology: Use technology to streamline your logistics and stay compliant. A shipper is restricted to claiming Section 321 once, per day.
To keep a business afloat, an online brand needs to track inventory , manage the fulfillment and shipping process, and oversee products getting to their end destination. Managing inventory. For example, an Ecommerce Operations Manager might collaborate with the Warehouse Manager to perform regular ecommerce inventory audits.
Central to the construction supply chain is inventory management. Therefore, more stakeholders and collaborators in the supply chain, the more necessary an efficient inventory management system becomes. A poorly managed inventory can lead to increased overhead costs and low availability of materials, impacting partners downstream.
As it happens, logistics and supply chains lend themselves to new and emerging technologies and logistics trends. It represents a foundation for the transformation of logistics and supply chain management. 4 Trend: Blockchain This is a breakthrough technology that has great utility for logistics.
Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. Mobile inventory systems are a proven “must-have” solution for enhancing materials management. bn through 2026.
As per an estimate , in 2020, its worth was $253 million and predicted to grow up to $3,272 million in 2026. Efficient Inventory Management : Blockchain can be used to make a common and continuous perspective on stock across the inventory network. Predictions of rapid growth are made about this market.
According to a recent report from MarketsAndMarkets , the global warehouse robotics market is expected to grow at a compound annual growth rate (CAGR)of over 16% between 2021 and 2026. This eases the efforts required for logistics staff scheduling and makes operations more flexible.
Once more, current longer term industry trends imply a period of excess global container vessel ship capacity by 2026. retailers have been pulling forward their 2024 holiday fulfillment inventory needs as a hedge toward deepening global supply chain disruptions, geopolitical developments and rising freight rates. in April and 1.27
Acumen Research & Consulting, an advisory firm specializing in industry and vertical market research, predicts global demand for manufacturing traceability, including track and trace software , will soar through 2026. by 2026, achieving an 18% Compound Annual Growth Rate (CAGR). Reliance on Traceability in Manufacturing Is Growing.
As per an online report, the global third-party logistics (3PL) market was valued at around USD 1trillion in 2020, and it is expected to reach more than USD 1.75 trillion by 2026, registering a growth rate of 8% during the period (2021-2026). But what exactly is a 3PL and how does it impact end-to end logistics operations?
These innovation leaders are driving the public-cloud ERP market to an estimated $73 billion by 2026. Automated data collection systems are vital for effective inventory management , logistics, and overall operational efficiency. They are known for their stability and extensive customization capabilities.
Prior to the onset of the pandemic, the value of a third-party logistics provider (3PL) was increasing. report found that the global 3PL market would surpass $1,800 billion by 2026. With that in mind, it’s not always clear when to use a 3PL and its logistics technology or not. 3PLs Cause You to Lose Control. Improved quality.
Advanced Inventory Management : Automated systems often include sophisticated inventory management solutions that provide real-time visibility into stock levels and locations, ensuring correct items are always picked. According to a recent report from G2, the market is expected to reach $30 billion by 2026.
As a result, new strategies have emerged to solve old and new challenges, from labor shortages to inventory supply. Because of this, technologies that optimize supply chains and logistics will continue to have a major impact. billion by 2026. In fact, over half of U.S. Integration remains a challenge, however.
ERPs bring together planning, purchasing, finance, inventory, human resources and many other aspects of your business. Billion by 2026. When it comes to mobilizing ERPs in the supply chain, look to a solution that is purpose-built for the complexities of inventory, production and warehousing. Automotive Manufacturing.
A Pitney Bowes study forecasts ecommerce shipments to double by 2026 and that 90% of US consumers expect free two-to-three-day shipping. In 2022, FedEx and Microsoft announced a cross-platform "logistics as a service" for retailers, merchants, and brands. Where's my package? I wear a number of hats these days.
According to Gartner, by 2026, an impressive 75% of global enterprises are expected to adopt decision intelligence practices for supply chain decision making. This segmentation allows for more targeted production and logistics. This, in turn, also optimizes capacity utilization and inventory management.
Logistical and supply chain issues Beyond these trends, the alcohol industry has been hugely disrupted by logistical and supply chain issues. The plant-based drinks market is now picked to hit nearly $34 billion by 2026. It’s expected to reach around 20% of the market by 2025.
ERPs bring together planning, purchasing, finance, inventory, human resources and many other aspects of your business. Billion by 2026. When it comes to mobilizing ERPs in the supply chain, look to a solution that is purpose-built for the complexities of inventory, production and warehousing. Automotive Manufacturing.
The first subscription commerce companies made it to the mainstream by mastering technological, marketing, and logistics demands. Opportunity #1: More predictable revenue and inventory. Challenge #2: Complicated operational logistics. between 2021-2026. Wider adoption of ecommerce. Are subscription boxes still popular?
The first subscription commerce companies made it to the mainstream by mastering technological, marketing, and logistics demands. Opportunity #1: More predictable revenue and inventory. Challenge #2: Complicated operational logistics. between 2021-2026. Wider adoption of ecommerce. Are subscription boxes still popular?
According to a recent study from market research firm Global Market Insights, the inventory management software market is set to grow from its current market value of more than $5 billion to over $5 billion by 2026, gaining remarkable traction over the 2020 to 2026 period.
The worldwide cross-border e-commerce industry is expected to develop at a 27 percent annual CAGR from 2021 to 2027, reaching $4,8 billion in 2026. These issues occur due to shipping and logistics, demographic variations among customers, and shifting worldwide consumer expectations.
And now on to this week’s logistics news. The retailer plans to close distribution centers, increase automation, and implement other tactics that help the corporation improve inventory, productivity, and, ultimately, sales, the corporation’s CFO and COO, Adrian Mitchell, said in a Q4 earnings call. Intel wins $19.5 from a year earlier.
Both sectors are also predicting a downturn as we approach 2026. After an exporter purchases the raw beans from a grower, first they have to add their shipping and handling fees (including customs), as well as their warehouse and logistics operations. Profit margins were stronger for coffee manufacturers over wholesalers, at 7.2%
And now on to this week’s logistics news. There’s a mandate in place for full electrification by 2026. The leaders agreed to launch a pilot program for a supply chain early warning system to exchange information about possible disruptions to key production and logistics networks.
million RaaS deployments are expected to take place by 2026, with most in the logistics, manufacturing or hospitality industries. Robotics can improve operational efficiency in warehouses, but how efficient is your network delivering inventory to and from those warehouses? At least 1.3
A Gartner report suggests that by 2026, over 65% of short-term decisions within supply chain planning will be automated or autonomous. Field research from the Kuhne Logistics University , shows interesting insights on newly expected planning roles, like supply chain architect, cognitive analyst and data manager.
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