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This Week in Logistics News (July 20 – 26)

Logistics Viewpoints

Secretary of Transportation, told CNBC on Friday morning that what the government is watching for over the course of the day, as the issue has been identified, is “the kind of ripple or cascade effects as they get everything back in their networks back to normal.” Secretary of Transportation Pete Buttigieg broke ground on a $1.6

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Digital Product Passport’s Impact on the Battery Industry

Arena Solutions

The regulation requires battery manufacturers to declare the carbon footprint of EV batteries, industrial batteries, light transport batteries (such as e-bikes and scooters), and rechargeable industrial batteries. According to the latest forecast, the battery industry is expected to have their passports ready by February 2027.

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6 Customer Service Examples To Maximize Customer Loyalty

ToolsGroup

In fact, the global skincare and cosmetics market is expected to reach US$89,550 million by the end of 2027. Image source: National Retail Association. Image source: Twitter. Image source: Ikea. It’s a strategy that has paid off, turning Ikea into a beloved destination: Image source: Buzzfeed. Image source: Lyft.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times. Image source: Bloomberg. Consultancy UK).

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FedEx Elects to Spin Off LTL Freight Business

Supply Chain Matters

Transportation and logistics services provider FedEx announced this week that it has decided to spin off its FedEx Freight business unit. domestic priority parcels coupled with higher labor and transportation costs. FedExs established goal is to save $4 billion in fiscal 2025, and a cumulative $6 billion in costs by 2027.

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The Evolution of Logistics: Connectivity, Data Integration, and Virtual Design

SCMDOJO

With the advancement of transportation, like wheels and navigation techniques, transport to distant territories was completed over shorter periods. The Industrial Revolution gave rise to large-scale production and transportation efficiency, which led to the modern logistics landscape that we know today.

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What is Line Haul Transportation and How It is Driving Efficiency

Locus

The logistics industry relies on the efficient transportation of goods between locations and line haul transportation plays a significant role in this. In 2021, in the United States alone, the total transportation logistics costs came to around 1.2 from 2019 to 2027. What is line haul transportation? trillion U.S.