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And now on this week’s logistics news. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. Robots are continuing to become key components in the logistics space. How Shanghai’s lockdown is dampening Port of Oakland volumes. s CargoNet.
According to a report by Accenture, 83% of consumers prefer to buy from companies that are transparent about their supply chain practices, and 72% of consumers are willing to pay a premium for products that are ethically and sustainably sourced.
ARC defines the warehouse automation market according to a number of qualifications and dimensions to deliver a well-defined measure, with numerous segmentations, allowing those that purchase the research to understand what is being measured, and to easily extrapolate the findings to support their strategic planning needs.
First, they might discourage shoppers from making a purchase, since over two-thirds of consumers say theyre deterred by strict return policies. According to the National Retail Federation (NRF), 67% of shoppers report that a negative return experience would keep them from shopping with a specific retailer in the future.
82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Material Handling & Logistics ). Material Handling & Logistics ). Prior to Covid-19, 45% of consumers never considered the supply chain when making purchases.
Southwest has signed an agreement with Velocys to purchase 219 million gallons of SAF at a fixed price, over a fifteen-year term. Velocys is building a new biorefinery in Mississippi that is scheduled to begin commercial delivery of fuel in 2026. But currently their most important partner is Velocys.
A report also found that a fifth of the 2,000 largest publicly-listed companies in the world have pledged to pursue a net-zero strategy. YCH Group, one of Asia’s leading supply chain and logistics conglomeratesis another supply chain company that is using solar power to help cut their CO2 emissions. Cache Logistics Trust, Singapore.
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.
In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations.
Understanding Construction Supply Chain Management According to a recent report, the global construction materials market size is projected to grow from $1,320.01 Incorrect Takeoff and Ordering Contractors can’t make important purchasing decisions without accuracy. According to a report from the U.S. billion in 2023 to $ 1,867.16
Network slicing allows cellular 5G networks to deliver dedicated virtual networks across a single physical infrastructure, reducing costs, segregating traffic and enabling delivery of quality of service metrics like latency, bandwidth and congestion management.
There’s also an increased expectation that demand can be anticipated by the use of data analytics, artificial intelligence, and tracking of customer trends. According to this Deloitte report, transportation challenges are likely to continue through 2022 , and new strategies will need to be adopted to lessen the impact.
“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.
Huge expansion of the NoLo spirits market The shift towards cleaner living has led to the huge expansion of the NoLo market, which is estimated to be growing year-on-year by around 17%, with UK supermarkets such as Tesco and Sainsbury’s reporting annual sales increases of around 100%.
Let’s look at the numbers for a moment: Statista predicts that global e-commerce sales will hit an astounding $8.1 trillion by 2026. Shockingly, according to a Gartner report, only 21% of companies boast a robust supply chain network that provides adequate visibility and agility. The worst part?
Freight Transportation Forecast to 2026. This report, available for purchase here , poised some significant implications for the shipping, and by direct correlation, the logistics industry. percent by 2026. million by 2026. Do not let this report result in your demise. percent to 64.6
The IDC Digital payments report of 2021 stated that the SEA region had more than 222 million e-commerce users and is expected to grow to around 411 million users by 2025, an 85% growth rate in e-commerce for this region in the next three to four years. Watch the Webinar. Rise in e-commerce users and volume.
A Pitney Bowes study forecasts ecommerce shipments to double by 2026 and that 90% of US consumers expect free two-to-three-day shipping. However, it took a pandemic to 'discover' the last mile as many providers failed to deliver on time, and shipping costs increased. Where's my package? I wear a number of hats these days.
140 procurement execs, human rights experts, analysts, NGO leaders gathered in London on May 4 last week to exchange on practices and discuss the potential impact, pitfalls and response strategies to UK Modern Slavery Act. the buyer would discover their key suppliers and start purchasing directly). What to write in reports.
ERPs bring together planning, purchasing, finance, inventory, human resources and many other aspects of your business. Billion by 2026. Non-manufacturing businesses such as education, healthcare, and transportation and logistics can take advantage of ERP mobility to refine their back-end operations. Non-Manufacturing Industries.
With online retail penetration projected to reach 25% by 2026, that means 75,000 stores could be forced out of business by that same year. Limited available warehouse space poses challenges At the same time, the available warehouse space for the logistics sector is tight, with just 7.3%
The survey conducted by MetaPack highlights that more than 90% of customers consider delivery a crucial factor when making online purchases. By handling the visibility requirements of logistics providers and customers, last-mile carrier tracking enables companies to optimize their supply chain and improve customer satisfaction.
The first subscription commerce companies made it to the mainstream by mastering technological, marketing, and logistics demands. Zendesk reports that a single bad experience is enough to lose 50% of a brand’s customers. 3 different subscription models in ecommerce. Challenge #2: Complicated operational logistics.
The first subscription commerce companies made it to the mainstream by mastering technological, marketing, and logistics demands. Zendesk reports that a single bad experience is enough to lose 50% of a brand’s customers. 3 different subscription models in ecommerce. Challenge #2: Complicated operational logistics.
Consumers no longer wish to choose between online ordering/home delivery and purchasing in-store. Now they want to choose from any combination of ways to purchase and receive the goods they want. While talking technology, retail companies will need plenty of it to meet the challenge of last mile distribution in 2026 and beyond.
Both sectors are also predicting a downturn as we approach 2026. While we can’t isolate the coffee industry in New Zealand, Euromonitor reports that Covid-19 and lockdowns drove greater demand for coffee, especially fresh ground coffee pods. From grower to customer, there are many costs in the coffee supply chain.
ERPs bring together planning, purchasing, finance, inventory, human resources and many other aspects of your business. Billion by 2026. Non-manufacturing businesses such as education, healthcare, and transportation and logistics can take advantage of ERP mobility to refine their back-end operations. Non-Manufacturing Industries.
During FedEx’s fiscal second quarter for the period ending November 30, the company noted that its Ground Commercial (B2B) delivery service reported an 8.7% “Of the $470 million, we estimate $230 million was incurred in higher wage and purchase transportation rates. Year-to-date through November, retail sales are up 18.3%
Large e-commerce platforms like Amazon and Shopify are investing in warehousing robotics directly; Shopify recently purchased a maker of autonomous mobile robots (AMRs) that guide workers through warehouse aisles and light up when they’ve reached the next item to pick. As of 2018, the global market for cobots was valued at $649.1 At least 1.3
As reported by the. The American Trucking Associations recently published a forecast, which predicts the industry will enjoy a 29% increase in freight volumes by 2026. Uber's former CEO, Travis Kalanick, had this to say after purchasing Otto: ". American Journal of Transportation. , Google and its autonomous vehicles.
.” There will be some exceptions to the hybrid work model, Jassy said, such as for sales and customer support roles, “but that will be a small minority.” ” And now on to this week’s logistics news. The retailer plans to have at least 15 of the facilities, dubbed sortation centers, by the end of January 2026.
This is exactly where the new wave of Analytics and Data Intelligence Platforms , highlighted by Gartner, comes into the picture. What Are Decision Intelligence and Analytics Platforms? Analytics and Decision Intelligence (A&DI) platforms represent a significant leap forward in the realm of business intelligence.
To sum up the forecast, the Conference Board has forecast fast growth for this year, a bit higher than what would be considered normal growth through 2026, and they then see growth falling to traditional levels from 2027 through 2031. The discussion was more interesting than the report they released.
The per share purchase price represents a 27.0 Tive Secures $40 Million in Series C Funding B2B supply chain logistics visibility technology provider Tive has closed a $40 million Series C funding round. Additionally, the company expects to be profitable by 2026. per share in an all-cash transaction. a provider of A.I.-
We cited a published report by The Wall Street Journal that specifically indicated: “ China will add more chip-making capacity than the rest of the world combined in 2024, according to research from consulting firm Gavekal Dragonomics.” percent to 25 percent in 2026. percent to 25 percent in 2024. percent to 25 percent in 2024.
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