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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.
October 21st – 24th Supply Chain & Logistics News Round Up This past week, I returned to the Tampa Bay Area to visit family and see the lasting effects of back-to-back hurricanes. Now let’s get to the Supply Chain & Logistics News for the week! Nauto and Beans.ai
And now on to this week’s logistics news. Applications are due by July 2021, with the program looking to reduce deforestation between 2022 and 2026. The distribution hub will be operated by XPO Logistics Supply Chain, which has already started hiring. Apple’s Advanced Manufacturing Fund is financing the project.
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 to this week’s logistics news. The indexes will feature in future Empire State Manufacturing and Business Leaders surveys, the bank said. Manufactured in Hexagon Purus’ new facility in Dallas, Texas, the Tern RC8 is scheduled for serial production in late 2024. That’s all for this week.
This added responsibility for companies will have lasting effects on business operations, corporate partnerships, supply chain logistics, compliance requirements, and data integrity. The post Stringent Reporting Regulations Require Data Integrity appeared first on Logistics Viewpoints.
Also, warehouse automation excludes similar systems such as airport baggage handling, manufacturing-line automation, and manually driven forklifts. I will soon be publishing the 2021 base-year study with a five-year forecast through 2026. KNAPP offers integrated warehouse systems and logistics software solutions.
The APAC automated storage and retrieval systems (ASRS) market is forecast to grow at a CAGR of about 10% between 2021 and 2026. Logistics automation has been on the uptrend for several years, and COVID-19 has only accelerated this trajectory. The Green Corridor – Optimal Tech for Green Logistics – Making Emissions Visible.
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?
Digital Twin Applications For instance, say you’re a manufacturer or distributor. With a digital twin, you could run scenarios to see how a new distribution center would affect your logistical costs, or how fulfilling an order from your warehouse in Pennsylvania would be more efficient than fulfilling from Kansas.
Today, the choice for CPG manufacturers and supply chains is clear: future-proof with digital manufacturing technologies that can meet the customer where they are or be left behind. I discussed this topic in a recent article for Food Logistics , and wanted to share additional insights here.
Material Handling & Logistics ). Material Handling & Logistics ). 49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. Logistics Management ). How the Supply Chain Crisis is Impacting Businesses and Consumers. Chain Store Age ).
As 2022 kicks in, the manufacturing sector is being shaped by technological change and the Covid-19 pandemic. Digital, connected and smart systems are on the rise, while at the same time manufacturers face challenges such as the ‘Great Resignation’ and clogged-up supply chains – as well as increasing demand for sustainable products.
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. Rapidly rising fuel prices will bring about even more widespread supply chain disruption. That may be because U.S.
He says, “I believe that collaborative logistics platforms demonstrate and validate the need for the physical Internet. The Alliance for Logistics Integration through Collaboration in Europe (ALICE), a platform funded by the European Community, shares this view. In many ways, they are forerunners to it. Where does such change begin?
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.
Bottom Line: The heightened priority on health & safety is leading to a renaissance of traceability in manufacturing across many industry sectors as every business strives to keep its employees, customers, and suppliers safe. by 2026, achieving an 18% Compound Annual Growth Rate (CAGR).
Since the dawn of manufacturing, business owners have always looked for ways to automate processes. The ATA estimates the shortage could reach 50,000 by the end of 2017 and could even grow to 176,000 by 2026. The post Why Taxing Automation is a Bad Idea appeared first on Talking Logistics with Adrian Gonzalez.
Supply chain optimization and attracting talent will continue to be top-of-mind for manufacturers. Artificial intelligence (AI) is most likely to transform the manufacturing sector. Manufacturing has changed dramatically in recent years. With recent advances, AI will accelerate to become outsized in manufacturing trends in 2023.
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. But the question still remains: is the rise of robotics within the manufacturing supply chain a good or bad thing?
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.
Businesses must be prepared to comply with FSMA 204 regulations by January 20, 2026. Machine Vision combined with temperature sensors have the potential to transform food traceability, improving manufacturing defect detection by up to 90%. The post Food Safety: A Top Priority for food Manufactures appeared first on AB&R.
Hybrid powered Class 8 heavy duty tractor designer and manufacturer Nikola Corporation filed for Chapter 11 bankruptcy this week. In the declaration filed in bankruptcy court, company CEO Steve Girsky indicated that Nikola has curtailed manufacturing of new trucks as a means to conserve cash ahead of the bankruptcy.
With rising material costs, controlling costs and ensuring efficiency have never been more critical for manufacturers and distributors. Above all, manufacturers of building materials must effectively manage raw materials and finished goods while upholding high-quality standards to ensure availability for building projects.
Logistics and transportation technologies provide powerful modern digital fleet tracking so that companies can track their shipments and fleets across land and sea, all over the world. .” As Davis notes, “Risk-resilient supply chains integrate design, planning, manufacturing, logistics, maintenance, and service.
With the government policies supporting the manufacturing activities in India, warehousing becomes the next big thing. The space requirement for warehousing is expected to reach 483 million square feet by 2026, growing at 12.77% CAGR. Challenges in India’s logistic landscape still remain prominent. Challenges to overcome.
This becomes increasingly important when we look at the overall digitalization trend, with factory data expected to grow by 400% from 2021 to 2025 (source IDC Manufacturing Insights). Almost 40% of Asia/Pacific manufacturers are still using spreadsheets to manage transportation, warehouses, and suppliers.
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.
Due to the rapid growth of e-commerce, the global demand for 3PL (third-party logistics) services is expanding. trillion by 2026. . Supply chain and logistics professionals have conquered adversity during the past few years, but new challenges will hinder manufacturing and shipping operations globally.
“All great enterprises are about logistics. Not genius or inspiration or flights of imagination, skill or cunning, but logistics.” — Tom McCarthy. This was majorly due to their inability to understand and adapt to the changing logistics trends. A decade back these developments in logistics might have seemed impossible.
This update provides added developments related to aircraft manufacturer Boeing, and to current U.S. After deliveries were suspended for upwards of two years because of a series of quality and manufacturing process issues, Boeing has plans to ramp production to five per month in late 2023 and to 10 per month in the 2025/2026 timeframe.
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?
As per an estimate , in 2020, its worth was $253 million and predicted to grow up to $3,272 million in 2026. Blockchain enables provenance verification by recording necessary data, such as details about manufacturing and processing, certifications, and quality inspections. Predictions of rapid growth are made about this market.
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. Enhanced security.
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. Live KPI dashboards for warehousing and manufacturing.
Welcome back to the Friday news roundup, where we are excited to bring you all the logistics news you’ve been craving. Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026. battery manufacturing. The post This Week in Logistics News (December 31 – January 6) appeared first on Logistics Viewpoints.
Added Development Silicon Valley based premium class electric auto vehicle designer and manufacturer Lucid Group will reduce the company’s U.S. However, multiple business media reports indicate that Rawlinson’s email to all employees indicated that the latest cuts will not involve hourly manufacturing and logistics workforces.
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.
The Announcement Commercial aircraft designer and manufacturer Airbus announced plans t o double the production of the company’s final assembly production capabilities within China. Such scope requires a domestic manufacturing presence both politically and economically from a supply and production output perspective.
Billion by 2026. For manufacturers, distribution and transportation businesses looking to counter market pressures like tariffs and labor challenges, these efficiency gains are important to reducing overhead spends. Automotive Manufacturing. The ERP software market is set to generate $78.4 Which Industries Use ERP-SCM Mobility?
If you’re the operations, supply chain or logistics manager of a manufacturing firm, knowing who your trading partners are — and that you’re engaging with authorized suppliers and customers — is critical. Furthermore, manufacturers in the US, must take into account deemed export laws.
Billion by 2026. For manufacturers, distribution and transportation businesses looking to counter market pressures like tariffs and labor challenges, these efficiency gains are important to reducing overhead spends. Automotive Manufacturing. The ERP software market is set to generate $78.4 Which Industries Use ERP-SCM Mobility?
Founded in 2009, with the vision of becoming the next iteration of producer Tesla in technologically innovative EV design, production and distribution logistics, the company spent its initial years in designing and developing what is today the Rivian RiT electrically powered pick-up truck, and the Rivian RiS sport utility vehicle.
For coffee manufacturers, the story is slightly different. However, we should note that the data on manufacturers also includes tea products, which represent about 17% of the sector. However, we should note that the data on manufacturers also includes tea products, which represent about 17% of the sector. Profit margins: 3.1%.
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