article thumbnail

Mastering Disruption: A Smarter, More Connected Approach

Logistics Viewpoints

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

article thumbnail

The Pressures of Omni-Channel Fulfillment and Returns Are Growing

BlueYonder

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. E-commerce is fueling strong results for sellers, as a record five billion Internet users worldwide contributed to online retail revenues of over $4.1 trillion in 2024 alone.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inflation Reduction Act & What It Means for EV Production

QAD

Finally, specific organizations, such as public schools and local transportation services, could receive a tax rebate equaling 100% of the vehicle cost. The required portion starts at 50% in 2023, increasing another 10% each year until it reaches 100% in 2029. These credits come with specific stipulations, though.

article thumbnail

[INFOGRAPHIC] AI Technologies: The Role of Humans & The Application in Logistics

GlobalTranz

CityU has also worked with other transportation-related companies, such as Hong Kong's Mass Transit Railway Corporation and the Kowloon Motor Bus Company to develop AI timetabling algorithms to increase service levels with limited resources. Mr. Ray Kruzwell: Futurist and Director of Engineering at Google: AI will be achieved by 2029.

article thumbnail

Can Supply Chains Adjust to a Circular Economy Over the Next Decade? Part 2

Enterra Insights

Marina Mattos, a Postdoctoral Associate at the MIT Center for Transportation and Logistics, bluntly asks, “How will such a shift affect supply chains?”[3] 1] Staff, “ Circular economy will replace wasteful linear one by 2029 ,” Smart Cities World , 1 October 2019. [2] ”[2]. Footnotes. [1]

article thumbnail

The Journey to Becoming a U.S. Customs Broker

3PL Insights

It’s expected that over 25,000 new jobs will be created by 2029 to meet shipping demands. What is the Outlook for a Customs Broker? Despite how difficult the exam is, the career outlook for a customs broker is very good. Job vacancies for custom brokers increase an average of 5% each year as workers retire without being replaced.

article thumbnail

Top 5 Last Mile Logistics Software Companies In Mexico

Locus

from 2017-2029. Estafeta Supply Chain Estafeta delivers supply chain solutions such as real-time tracking, analytics, and transport management to help retail, e-commerce, and other last-mile industries excel in the final mile. In a recent study, the Mexican logistics industry is projected to achieve a CAGR of 4.9%