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How IoT Improves Consumer Packaged Goods Value Chain

Savi

Agile supply chain operations, especially in the consumer packaged goods (CPG) industry, are using IoT and end-to-end shipment visibility software to outperform competitors with better service while keeping lower inventory levels. Driver Shortages: It is estimated that by 2026, the industry will be short 175,000 drivers.

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Where Have The Drivers Gone?

AFFLINK

Flash forward just a few years to 2014 and that number had skyrocketed to 38,000. Not only does this exacerbate the shortage as there are fewer drivers hauling larger amounts of freight, but it also leads to massive supply chain issues like product shortages, extended delivery delays, and (ultimately) higher prices.

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Looking Back at Previous Capacity Crunches & How Shippers Responded

GlobalTranz

The same held true after Superstorm Sandy and the unyielding winter of 2014, reports Lawrence J. Also, the driver short has continually grown worse for the last eight years, and it is expected to continue through 2026, asserts Iris Kuo of Trucks.com. Increased Freight Rates Can Tone Down Capacity Crunches.

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The Future Is Now for Logistics

Material Handling & Logistics

But some Class 1 railroads, CSX in particular, are cutting back on intermodal service to favor more profitable freight. But many people are not aware that last-mile deliveries are also handled by thousands of small local and regional package delivery firms. Package delivery companies are prime targets as well.