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Five years ago, we all thought the COVID-19 pandemic resulted in the most disrupted supplychain landscape we would ever see. Since then, supplychain disruptions and volatility have only increased. It is not surprising that the TMS market will nearly double in size between 2024 and 2029, increasing from $11.75
In today’s fast-paced, hyper-competitive, omni-channel world, warehouses play a critical role in maximizing service and fulfilling the ambitious customer promises that are required today. Warehouses also represent an enormous cost center. Volatile demand means warehouses need to pivot quickly when order volumes change.
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.
“There is no doubt that the global supplychain market is growing exponentially. The mismatch between the high demands by employers and the supply of logistics skills and knowledge is resulting in a growing gap in the logistics & supplychain market”. Talent gap – Experience vs. qualification.
My previous blog post focused on defining what a Warehouse Execution System (WES) is, as well as the benefits this solution delivers for retailers, manufacturers and logistics services providers (LSPs). Joe recently joined me for a LinkedIn Live event called “Warehouse Execution System: A New Competitive Imperative.”
Key Takeaways: Inventory management software with built-in automation has been found to increase accuracy and profits. There is no one-size-fits-all solution for inventory management software—it’s about the best product for your business objectives and industry. billion by 2029. billion by 2029.
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.
By 2025, more than 50% of supplychain organizations will have a technology leadership role reporting directly to the chief supplychain officer. Gartner’s survey, February 2021 ) This percentage will rise with the progression of digital supplychain initiatives. What is a Digital SupplyChain?
The “ New SupplyChain Model “ A lot has happened in the last two decades, and I’m hopeful that I’ll still be around at the end of the next one to see how many of these predictions have come to pass! Automated vehicles will NOT likely emerge during the next decade.
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