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October 14th – 18th 2024 SupplyChain & Logistics News Yesterday, I landed back in the States from my autumn getaway. Song of the week: The post October 14th- 18th SupplyChain & Logistics News appeared first on Logistics Viewpoints.
October 21st – 24th SupplyChain & 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. From a sustainability and supplychain perspective, this situation is incredibly challenging to comprehend. Nauto and Beans.ai
The core topics ranged from how prepared the world is to power the energy transition, developments in carbon removal, financing new investments, and grappling with supplychains. When both regulations are in effect in 2027, the corporate supplychain within which we currently work will be transformed.
Gartner predicts that by 2026, 95% of data-driven decisions will be at least partially automated. This disconnect between AIs potential and real-world adoption presents a significant opportunity for companies to gain a competitive edge, especially in supplychain management where uncertainty is the norm. The secret?
Three major trends are driving growth in this industry whichcan be attributed to regulatory pressures such as the Uyghur Forced Labor Protection Act, advancements in AI, and supplychain innovations. By 2027, when both the UFLPA and FLR are fully operational, the global supplychain landscape will have transformed significantly.
Gartner predicts, “The digital twin market will cross the chasm in 2026 to reach $183 billion in revenue by 2031.” ”[2] Company executives now understand that being able to test scenarios and strategies that can help them successfully navigate todays volatile supplychain landscape is crucial.
I thought this was a very topical introduction to this week’s SupplyChain and logistics news Canadian Railroad Work Stoppage Threatens U.S The order from DSV also included 500 trucks with fossil fuel drivelines, Volvo said, adding that all trucks are planned to be delivered between now and 2026.
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. Think about these supplychain networks for a moment.
The plant-based meat supplychain is taking advantage of hiccups in traditional food supplychains, especially during the Covid pandemic. billion in 2017 and is expected to surge to over $8 billion by 2026. The Plant-Based Meat SupplyChain. The plant-based meat supplychain is an interesting one.
But many supplychain practitioners don’t realize that the most common approach to supplychain planning–using a demand-driven forecast as the primary input to future planning–is just as passé. Uncertainty-driven supplychain decisions assume that you will not be accurate on every forecast you planned.
Covid-19 had its fair share of global supplychain victims , and chlorine is no exception. between 2021 and 2026.The Want more ways to overcome supplychain disruptions? In the meantime, you aren’t powerless when dealing with supplychain stress. Why is there a chlorine shortage? The result?
This added responsibility for companies will have lasting effects on business operations, corporate partnerships, supplychain logistics, compliance requirements, and data integrity. As regulations across the globe strengthen, the pressure to collect, report, and organize emission-related metrics has never been higher.
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.
While the supplychain talent wars continue, it’s incumbent upon today’s business owners to consider whether the technology they use day to day has any ‘wow’ factor. Demand parameter optimization has that ‘wow’ factor. Business leaders are feeling pressure. Beyond Excel.
The APAC automated storage and retrieval systems (ASRS) market is forecast to grow at a CAGR of about 10% between 2021 and 2026. With F&B, pharmaceutical and eCommerce booming, cold chain operators and logistics service providers need to evolve their warehouses to support a strong, undisrupted 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. 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.
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 supplychain operations. What is the difference between 3PL and 4PL?
since 2020, the highest growth rate of any supplychain market. By 2026,… The global logistics automation market has been growing at a Compound Annual Growth Rate (CAGR) of 12.4%
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.”
The global cold chain logistics market is likely projected to grow at a 17.9% compound annual growth rate through 2026. Cold chains are an integral part of the global supplychain and logistics networks. Everything from produce to medicines and now even the COVID-19 vaccines need cold chains to be ferried.
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. Global Media Contact. Markus Leutert.
Trends Transforming Logistics and SupplyChains In the MENA Region in 2023. by Dr Shereen Nassar , Global Director of Logistics Studies and Director of MSc Logistics and SupplyChain Management Suite at Heriot-Watt University Dubai. billion USD by 2026.
Prior to the pandemic, efficiency was the primary focus of most supplychain operations. I’m not implying that efficiency no longer matters — it obviously does — but a disrupted supplychain can’t be efficient. Severe disruptions during the pandemic changed that focus to resiliency. Here’s the rub.
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.
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.
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.
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.
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. LogiSYM SupplyChain Magazine – May 2022. 5 Megatrends Shaping SupplyChain Innovations.
Both can be looked upon for barometers of global trade and industry supplychain activity trending. 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. euros per share to 8.20
But Stacy Malphurs – Vice President of SupplyChain Management & Environmental Sustainability at Southwest – said “we needed an actionable plan we can implement in a shorter time horizon.” Stacy Malphurs – Vice President of SupplyChain Management & Environmental Sustainability at Southwest Airlines.
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. It’s a truly better global freight industry that ultimately reduces supplychain costs, improves speed and agility, and keeps goods moving.
Commercial aircraft designer and producer Airbus announced its commercial aircraft divisions and associated supplychainsupply networks aircraft delivery goal for 2025. For the A220 aircraft family, the company continues to target a monthly production rate of 14 aircraft by 2026. All rights reserved.
The bank said Friday that it is launching new “Supply Availability Indexes” via a blog posting on Monday that going forward will feature as part of its regular monthly surveys of regional business activity. The new gauges can be joined with the bank’s monthly Global SupplyChain Pressures Index “to compare trends in the U.S
I will soon be publishing the 2021 base-year study with a five-year forecast through 2026. KION acquired Dematic and Egemin Automation in 2016, forming KION SupplyChain Solutions that operates under the Dematic brand. KION is a publicly-traded company and reports on the SupplyChain Solutions (SCS) segment.
billion in 2026, representing 30 percent growth per year. In his 25 years of customer centric roles in supplychain software and consulting, Ken has navigated companies through uncertainty and volatility as a thought leader and change agent. More market study insights can be found here. **. Ken Ramoutar is CMO at Lucas Systems.
The warehouse automation market is forecasted to grow at a CAGR of approximately 14% and be worth USD 30 billion by 2026. In his 25 years of customer centric roles in supplychain software and consulting, Ken has navigated companies through uncertainty and volatility as a thought leader and change agent.
Industry observers describe whack-a-mole conditions related to constant supply network challenges having to be addressed. During 2025, and likely extending into 2026, this industry will continue to be challenged by supplychain network related demand and supply imbalance concerns. All rights reserved.
The construction supplychain is complex. To adapt, construction and building materials companies are getting strategic and implementing new technologies to ensure a strong supplychain. Central to the construction supplychain is inventory management. billion in 2023 to $ 1,867.16
This will certainly be an interesting area to watch, especially as electric vehicles become more commonplace and apply to the global supplychain. The early start has added to the challenges of getting the supplychain unclogged. To put all of this in perspective, the new design could potentially last for 1,000,000 miles.
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.
Last month, at the 2023 Gartner ® SupplyChain Symposium in Orlando, Florida, there were many key supplychain themes that emerged. Dwight added that 75% of large enterprises will have adopted some form of intralogistics smart robots in their warehouse operations by 2026. Read Part 1 to gain additional insights.
Warehouse management is no longer the static element in the supplychain, but an area that’s ready for smart transformation. billion by 2026. This, in turn, leads to better supplychain performance that enables reduced warehouse-related costs and emissions as well as improved service levels, efficiency and safety.
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