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October 14th – 18th 2024 SupplyChain & Logistics News Yesterday, I landed back in the States from my autumn getaway. Do You Think Fedex Ships Live Pandas? Its latest biofuel trial and the order of a dozen 13,000 teu methanol dual-fuel container ships in January 2024 with ships scheduled for delivery from 2027.
Autonomous supplychains are systems that can operate with little to no human intervention, and they use artificial intelligence, robotics, automation, and sensors to optimize the flow of goods. The key technologies that enable autonomous supplychains are artificial intelligence (AI), robotics, sensors, and blockchain.
But here, we’ll be talking about supplychain digital twins. A supplychain digital twin is a complete model of your supplychain that allows you to run what-if scenarios and determine the most efficient use of resources for fulfilling demand.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
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. Even consumers find making online returns a pain, having to repack, print shipping labels for and drop off unwanted online purchases.
The warehouse automation market is forecasted to grow at a CAGR of approximately 14% and be worth USD 30 billion by 2026. The priority of each pick based on shipping deadlines can compete with travel minimization and also evolves in its level of importance throughout the day. AI holds the promise for big gains. Dynamic Slotting.
A Perfect Match for Our Mission At Freightos, our mission has always been to bring international shipping into the 21st century, using digitalization to make it faster, more cost-effective, and more transparent for the organizations that literally move the world. The team is also a fantastic addition.I
According to a release from Panasonic, the acquisition brings together Blue Yonder’s end-to-end supplychain software, which uses artificial intelligence, with Panasonic’s autonomous solutions, to form “autonomous enhancement of the whole supplychain.”
This will certainly be an interesting area to watch, especially as electric vehicles become more commonplace and apply to the global supplychain. Shipping companies added capacity, but now containers are stuck in port. During the peak of port congestion in 2021, as many as 30 ships were waiting to enter an Oakland berth.
Two companies, global parcel and logistics carrier FedEx , and global container shipping firm Hapag-Lloyd recently reported warnings related to 2025 financial performance. Both can be looked upon for barometers of global trade and industry supplychain activity trending. euros per share to 8.20 euros per share in 2025.
Why Multi-Carrier Parcel Shipping Strategies Are Winning in 2022 by Lindsay Schuemann , Marketing Manager at Enveyo Two years. Parents got notifications that school was cancelled, employees got notice to stay home, the world started buying most of their goods online, and the global supplychain did a collective * gulp.
While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations. And it’s safe to assume that logistics digitization will continue to deliver a significant competitive edge as supplychain complexity and uncertainty grow.
Supplychain businesses jumping on the sustainability bandwagon. In line with the push towards sustainability in the commercial space, supplychain businesses are also ramping up on sustainability efforts. Our electricity bills have doubled due to recent events.
Megatrends (Possibly) Shaping SupplyChain Trends: Technology. This article highlights five technology developments shaping the future supplychain. Hyper-connectivity is occurring today and already impacting supplychains. These changes, taken together, impact the evolution of supplychains.
As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supplychain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. Increased near-shoring in Mexico and elsewhere as companies seek shorter supplychains.
Current published reports and available industry data reinforce indications that the peak both in volume and in ocean container shipping rates may have been reached. Once more, current longer term industry trends imply a period of excess global container vessel ship capacity by 2026. Observed was that the ratio of U.S.
In 2024, the logistics and supplychain 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 supplychain improvements, with 52% believing they could enhance their operations.
In the supplychain, order management and inventory management play significant roles in rapid growth. billion figure by 2026, which was $1.0 AI-based OMS speeds up operations and optimizes the performance of the supplychain. Globalization has sped up business growth and enhanced the need for management tasks.
Subscribe to SupplyChain Game Changer. In early 2020, online shopping increased 74% and projections point to the surge continuing up to 200 billion packages annually by 2026. In order to reap all these benefits, the entire supplychain experienced a shift toward growth. Subscribe Here! Email Address.
International parcel shipping and parcel carrier services were well on their way to becoming a driving force in the world’s economies before worldwide disruption and shutdowns threw the entire supplychain into disarray. Why Legal Protocols and Regulations Exist for International Shipping and Transportation.
Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.
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.
This concept plays a crucial role in global shipping and customs, significantly impacting ecommerce businesses and consumers who purchase products internationally. For businesses involved in cross-border ecommerce, understanding the de minimis threshold is vital for calculating the total cost of shipping goods internationally.
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. Developing a shipping strategy. Those holding senior positions in robust supplychains can earn up to $115,000 annually. Managing inventory. Warehousing.
The ERP software market is growing rapidly in parallel with digital transformation efforts in the supplychain. As supplychains digitize to meet increasing needs for efficiency and speed, one of the core technologies behind these optimization efforts is enterprise resource planning software (or ERP technology).
Most manufacturing companies must rely on many supplychain partners to design and deliver products to their customers under budget and ahead of schedule. billion in 2018, with estimated expansion at a CAGR of 7% through 2026, according to Grand View Research. Streamlined engineering change and design processes.
It may seem impossible today, but the physical Internet could be embedded into freight supplychains by 2050. Indeed, it will not only optimize entire supplychain ecosystems but also reshape and reengineer them. It is simply not suited to the multidimensional supplychain landscapes of tomorrow. .
February 2023 saw supplychain struggles continue across Asia and Europe due to dwindling energy supplies, ongoing effects of COVID-19, high inflation, and more. Asia Energy Crisis Currently, both China and Pakistan are suffering a major energy crunch from dwindling energy supplies and high global gas prices.
trillion by 2026. Read also: Retailer guide to peak season shipping But there’s a catch. To effectively meet customer demand, retailers need a well-oiled machine behind the scenes – I’m talking about a streamlined supplychain. And the make-or-break point in this chain?
trillion by 2026, surpassing the current GDP of all European Union member states combined. This blog delves into essential acronyms and abbreviations, from BOPIS to WISMO, that are pivotal for optimizing supplychains and elevating customer satisfaction. If there is one industry that continues to scale robustly, it is Retail.
The Gartner SupplyChain Symposium/Xpo has once again, exceeded our expectations, leaving us inspired and engaged We had some thought-provoking conversations with stakeholders on the latest industry dynamics, pain points, customer expectations, and innovative supplychain strategies.
Transportation is one of the world's largest industries and deeply influences how efficiently global supplychains are able to run. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Price quotes are just as important as the shipping process. Globally, they stood at $4.8 Conclusion.
trillion by 2026. . Challenges like COVID, the Russia-Ukraine war, global inflation, and the ‘great resignation’ wave lead to significant supplychain issues that keep 3PL managers in constant worry. Supplychain instability will not diminish this year. Yet, 3PLs encounter several obstacles today.
Welcome to 2022: Top 10 Supplychain logistics trends to watch out for 2022. Jumping into the new year, it is crucial for businesses to understand the logistics trends that could impact their supplychains in 2022. Find out the most important logistics trends that could impact supplychains in 2022.
In the short-term, port terminal operators and supplychain managers are anxious about whether West Coast ports will be disrupted in 2022 when the ILWU contract comes up for renegotiation. According to The Maritime Executive , Shanghai port authorities expect automated operations to handle 30 million TEU by 2026.
One significant hurdle facing supplychain operations is the prospect of losing data collection capabilities as old ERP platforms are left behind. These innovation leaders are driving the public-cloud ERP market to an estimated $73 billion by 2026. However, this transition is not without its challenges.
Transportation is one of the world's largest industries and deeply influences how efficiently global supplychains are able to run. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Price quotes are just as important as the shipping process. Globally, they stood at $4.8 Conclusion.
Modern automated warehouses can now process tens of thousands of orders daily, often with same-day shipping a level of efficiency unattainable with traditional methods. billion by 2026, up from $19.98 Warehouse technology has evolved from basic barcode scanners to sophisticated robotics and AI. No jargon, just actionable advice.
SupplyChain Matters This Week in SupplyChain Tech highlights breaking news that Dave Clark has unexpectedly resigned as CEO of digital freight technology services provider Flexport. There are two breaking news developments regarding supplychain management technology providers, one being rather surprising.
The ERP software market is growing rapidly in parallel with digital transformation efforts in the supplychain. As supplychains digitize to meet increasing needs for efficiency and speed, one of the core technologies behind these optimization efforts is enterprise resource planning software (or ERP technology).
The SupplyChain Matters blog highlights breaking logistics technology news regarding Flexport’s i ntent to acquire the logistics and last mile customer fulfillment services of Shopify, including existing fulfillment centers. In the U.S., This is a massive number of companies on the sidelines. ”
Your business needs data that reflects on-ground reality to build cost-effective plans for the final mile, and the need for advanced supplychain analytics arises here! If your businesses are struggling from one, a few, or all of the five problems below, it means your business needs advanced supplychain analytics.
Retailers have little choice but to respond, often without the luxury of breathing space in which to reimagine or repurpose their supplychain networks. There will be no such thing as a one-size-fits-all model for retail supplychains. Collaboration between retailers, suppliers, and partners.
trillion by 2026, registering a growth rate of 8% during the period (2021-2026). For any business, logistics plays a pivotal role in supplychain management and an efficient logistics management can contribute to achieving customer satisfaction without compromising the delivery cost and time. What is a 3PL? 3PL storage.
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