This newfound visibility allows participants in a supply chain to proactively optimize components of their processes (like inventory management, staffing decisions, and a thousand more) to support an efficient and agile product path. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability. from the global economy by 2022. MORE

Statistic: By 2022, Thailand’s ecommerce market is expected to be worth around $5.8 The ability to operate without substantially increasing inventory levels. The ecommerce market in Thailand has never been healthier and all the signs indicate huge potential for growth in the next few years. With the Thai government’s Thailand 4.0 MORE

percent CAGR through 2022. By placing “sensors” throughout its supply chain that gather data about inventory distribution practices and availability for every SKU, Merck has end-to-end visibility. MORE

Other benefits include inventory tracking, product tracking, process improvement, and optimization. “Currently,” he writes, “there are approximately 10 billion connected devices, with the number reaching 20 billion in 2020, 29 billion to 42 billion in 2022, and 75 billion in 2025. How can something over 30 years old still be considered in its infancy? MORE

Many B2B companies combine back-office software, accounting systems, inventory management systems, and more. In 2022, the augmented and virtual reality market is expected to be worth US$ 209.2 For example, retailers can manage their inventory using an online inventory solution. MORE

The choices in 2022 will be radically different from 2018. If you need forecasting and inventory optimization consider Gains Systems, John Galt, and ToolsGroup. Yowza: Excitement or approval. Get a cup of coffee. This is a long post. <Bear MORE

e-commerce market has nearly doubled in size since 2011, and is forecast to grow to $737B by 2022. As recent losses by H&M and other major brands illustrate, poor inventory management can be a major cause of financial distress. The U.S. MORE

Big changes are on the cards for Thailand’s transportation infrastructure, assuming the government’s plans to upgrade road and rail networks between now and 2022 come to fruition. After all, the upgrade is slated for completion by 2022 at the latest. No doubt if you rely on a distribution network to supply customers in Thailand, you have been keeping an interested eye on developments, as at some point, they may provide opportunities to reduce logistics costs for your business. MORE

The American Trucking Association projects that the trucking industry is poised for serious growth by 2022. The forecast suggests that overall revenue for the industry will rise almost 66% and tonnage will increase 24% by 2022. MORE

Macpherson predicted that the figure will easily be 80 percent by 2022. Data gives distributors and 3PLs the ability to manage the entire supply chain on behalf of the customer, manage their ordering and inventory levels and providing them with insights that’ll help improve service levels. MORE

Companies will be able to do predictive maintenance to reduce downtime, better manage their inventories, and also to become more flexible and responsive to changes in market conditions. MORE

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. What is vendor-managed inventory? Let’s take a closer look at a vendor-managed inventory case study. MORE

billion to expand to 2,500 stores — up from 1,600 stores today — by 2022, the company said Monday. Inventory is often delivered to warehouses in shipping containers. Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date. This week: Aldi, a grocery store you’ve probably never heard of, says it plans to become the third-largest grocery chain in the U.S. MORE