This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Kudos to the supply chain and logistics teams that have already adopted transportation management systems (TMS), warehouse management systems (WMS), and other digital solutions. It is not surprising that the TMS market will nearly double in size between 2024 and 2029, increasing from $11.75 billion to $23.07 billion in 2023 to $13.3
Around the world, e-commerce accounted for 17% of all retail sales last year and that number is expected to rise to 21% by 2029. In the case of product returns which amounted to a staggering $890 billion in 2024 the warehouse needs to move with lightning speed and precision to capture the resale opportunity and minimize waste.
Talent gaps in logistics and supply chain, continues to be a top challenge and a source of high risk for many companies. The source of such disconnects, is related to the information gap among the three parties. They are expected to retire between now and 2029 creating a big gap of skilled logistics professionals. Industry 4.0
The Digi-Smart manufacturing process empowers enterprises to gain control of their warehouses and ensures that products can be delivered to customers as quickly as possible. This wave of change has made warehouses smarter and more agile. Some experts say that within five years high-performance warehouses will be fully autonomous.
billion by 2029. Analyze Existing Processes Review your warehouse procedures to identify areas of inefficiency: Inventory turnover Stock control Demand forecasting Reorder points Safety stock Customer demand vs current inventory levels Material handling processes Then look for areas where your inventory management process can improve.
Digital supply chains are: widely connected to both internal and external systems and data sources. For example; with a traditional planning model data is sourced and stored within the four walls. This limits the ability to share and source externally. more inclusive and collaborative. highly intelligent.
Some of these events will not likely occur in the next year, as I’ve tried to extend these predictions and recommendations for managers out to a timeline spanning 2020-2029, (which also gives me a bit of room for error). Let’s hope these don’t occur in the energy, hospital, or pharmaceutical sector.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content