2020 Trends in Freight Transportation, and the COVID-19 Impact

Logistics Bureau

Now the entire freight transportation industry, across air, ocean, road, and rail sectors, is awash with disrupted expectations and has retreated into survival mode. Air Freight Transportation Trends 2020. In the other scenario, many shippers who typically look to aviation for freight transportation will switch to ocean freight , a trend which, combined with a drop in consumer demand due to depressed economies, will shrink the market exponentially, in which case rates will fall.

Market Update: Transportation Industry News

CH Robinson Transportfolio

Market Update: Transportation Industry News. In the transportation industry, there are many moving parts that can impact your day-to-day operations. From monitoring carrier capacity and driver shortages to tracking diesel pricing and government regulations, staying current on the events in transportation means you will be better equipped to make knowledgeable business decisions and drive growth and efficiency into your supply chain. million in 2022.

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Truck Driver Wage Increase Expected to Increase Shipping Costs Lending Towards Shippers To Focus on Transportation Management

Cerasis

According to the Bureau of Labor Statistics , the heavy and tractor-trailer trucking industry is projected to increase by 11 percent through 2022. In order to cut costs, consider going with a third-party logistics provider who is laser focused on transportation management. If you are interested in saving the installation and upkeep costs of transportation management technology, a 3PL offers the most cost effective solution.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

A simple example is that of a cold chain using blockchain within the supply chain to hold a transport node accountable for mishandling: Tracking provenance, traceability, and historical procurement for materials, assets, and products as they move downstream to retailer with blockchain finality. from the global economy by 2022. Twitter LinkedIn The post Why Blockchain Within The Supply Chain Makes Perfect Sense appeared first on Transportation Management Company | Cerasis.

The Interrelated Issues Facing the Trucking Industry

PLS Logistics

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. Transportation Capacity CarriersHowever, 2016’s economy saw slow growth, shipping rates and volumes. Due to low demand, excess inventory and infrastructure bottlenecks, revenue YOY only rose 0.2%.

Can You Talk to Your Supply Chain?

Supply Chain @ MIT

Sales through voice-enabled digital assistants such as Amazon’s Alexa and Google Home are projected to skyrocket from $2 billion in 2017 to $40 billion in 2022. Featured Innovation Strategy Amazon Alexa conversational commerce digital voice assistants mit audio lab MIT Center Transportation & Logistics ordering by voice supply chains than talk back

Prescriptive Analytics is Going Mainstream. Is your Organization Ready?

AIMMS

This will grow to 37% by 2022. It’s now possible to create a robust digital supply chain representation that captures assets , processes, machines, products, customers, transportation, costs, constraints, and geocodes and shares data across functions. With rising supply chain complexity, organizations are racing to improve the pace and quality of decision-making. To do this, many are relying on prescriptive analytics.

What’s the Hold-up with COVID Vaccinations? Don’t Hold Your Breath…a 2021 Prediction

NC State SCRC

This had a negative impact on the vaccine supply chain given the immediate dry ice requirement for transportation of COVID-19 vaccine. So not only is there a dry ice shortage, but transporting this stuff also has its challenges. Welcome to 2021!

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

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. Better transportation planning. Understand transportation and logistics constraints, and work with third-party logistics suppliers and shippers to gain more visibility into the process. For example, analyze the impact of late deliveries, transportation constraints such as driver shortages, and weather disruptions.

The Current WMS Market Gets More Focus by Supply Chain Execs: Here’s Why

Cerasis

By some estimates, reports Allied Market Research , the warehouse management system market will swell to more than $3 billion by 2022, and adoption of WMS systems is expected to continue with the IoT-based value in the WMS market to surpass 19 billion by 2025, says Grand View Research. The post The Current WMS Market Gets More Focus by Supply Chain Execs: Here’s Why appeared first on Transportation Management Company | Cerasis.

Predictive analysis: How it improves supply chain visibility

20Cube Logistics

billion by 2022 and hence the use of predictive analysis is at the forefront offering a myriad of opportunities in decision making such as stock errors, damaged inventory, among others. Irrespective of the mode of transport used, predictive analysis helps minimize the risks by calculating the exact conditions that enable real-time adjustments, deliver cost efficiencies and satisfy customers.

Logistics property update: December 2020

EFT

Jaguar Transport acquires Ohio warehousing site. Jaguar Transport has acquired the Marion Industrial Centre in Marion, Ohio. Construction is expected to start in April 2021 with completion anticipated for autumn 2022.

Why the Ethanol Supply Chain Should Fuel the Renewables Debate

Supply Chain @ MIT

Biofuels such as ethanol are seen as an important alternative to gasoline, and the US has mandated the use of up to 36 billion gallons of these renewables by 2022. After being harvested at the farm, the feedstock for ethanol production is transported to a processing plant. The material is bulky and expensive to transport, so the processing plants need to be located in close proximity to where the corn is harvested. Burning issues.

Truck Driver Shortage: Getting Better, Worse, or No Problem at All?

Talking Logistics

Then again, back in October 2013, the ATA stated that “if freight demand grows as it is projected to, the driver shortage could balloon to nearly 240,000 drivers by 2022.”. In the current forecast, the driver shortage will be about 110,000 drivers by 2022, so it appears that the driver shortage problem has improved by 130,000 drivers since the 2013 forecast.

Driver Shortage in Trucking: Time for Plan B

Talking Logistics

If freight demand grows as it is projected to, the driver shortage could balloon to nearly 240,000 drivers by 2022.” What is the Future of Truckload Transportation? Transportation Management driver shortage driverless trucks Mercedes-Benz Future Truck 2025 self-driving trucks transportation trucking Wolfe Research Last week, the U.S. Labor Department reported that employers added 288,000 jobs in June, which lowered the unemployment rate to 6.1

Is AIoT the Future of Industrial Connectivity?

Enterra Insights

Smart city innovations are keeping pace, with investments going towards improving public safety, transport, and energy efficiency. In fact, Gartner also estimates that over 80% of enterprise IoT projects will incorporate AI by 2022.” There is a lot of discussion about the future benefits of the Internet of Things (IoT) — sometimes called the Industrial Internet of Things (IIoT). As more and more devices connect to the Internet, the amount of data being generated will explode.

Industry 4.0: Driven by 5G and Cognitive Technologies

Enterra Insights

David Van Dorselaer ( @dave_van_dor ), General Manager for AT&T’s Manufacturing, Transportation and Consumer Packaged Goods Industry Verticals, writes, “The manufacturing industry will continue to spend more yearly on IoT than any other industry through 2022. Some things seem destined to go together; for example, a wink & a smile; bed & breakfast; cookies & milk; and fish & chips.

The good, the bad and the greenwash: 7 brands who hit the headlines for impact transparency in 2020

Provenance

They’ve also committed to all of their packaging being reusable, recyclable or compostable by the end of 2022. Over the last year, we’ve witnessed the rise in pressure to use sustainability as a marketing tool.

Doing Business in Germany

QAD

Consulting, transportation, tourism, telecommunications, and banking are important service industries in Germany. Transportation and communication are robust in Germany. The next election is scheduled for February 2022. Germany is the largest economy in the EU, and it’s the second most populous country. It is the fifth largest economy in the world. . After WWII, Germany was divided into two sectors, the FRG (West Germany) and the GDR (East Germany).

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

Volkswagen recently announced plans to invest €34 billion ($42 billion) in battery-powered cars by 2022. Supply chain is not just about the procurement and transportation of goods from source to consumer. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. Ten years later, that number has more than doubled.

Amazon in Italy

Logistics Trends and Insights

The deal with Amazon is part of Poste Italiane’s “Deliver 2022” strategy, which aims to grow parcel revenues by 70% between 2018 and 2022. A key part of the Delivery 2022 strategy is the rollout of the Joint Delivery Model, which includes new state-of-the-art automated equipment and optimizing the transport network. Poste Italiane reported that parcel revenues reached €761m in FY18 in line with Deliver 2022 projections. by Ian Kerr, Postal Hub Podcast.

Italy 89

Automated Vehicles – An Update!

Supply Chain Game Changer

Furthermore, the industry has agreed to make automatic braking and forward collision warning systems standard by 2022. 6 Future Technologies that will Change Transportation and Trucking Forever! Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Will Driverless Trucks Ever Gain Traction? Article originally published by, and permission to publish here provided by, Michael Gaughan at land-link.com.

10 Ways IoT Can Improve Supply Chains

IQMS

By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services. in 2022, achieving a 10.7% IoT adoption is flourishing in manufacturing, transportation & logistics and utilities. The majority of manufacturers, transportation & logistics and utilities companies have real-time monitoring running on their shop floors and across their production facilities today.

Blockchain Will Eventually Make Supply Chains More Resilient

Enterra Insights

billion by 2022, and it’s no wonder: From retail to manufacturing to quality assurance, blockchain is being used to maximize the value of data and to streamline data processing and transmission. Supply chain resiliency has been a much-discussed topic during the COVID-19 pandemic. Rebecca Liao ( @beccaliao ), Co-Founder and Executive Vice-President at SKUChain, and Ziyang Fan ( @ZiyangFan ), Head of Digital Trade at World Economic Forum, assert resiliency begins with visibility.

Science Fiction and Logistics

Enterra Insights

More than a year ago, the World Economic Forum predicted global job losses from AI would be offset by the new jobs created, leading to a net gain of 58 million new jobs by 2022.” Driverless trucks will speed up transportation in ways that we still can only speculate on.” ” If you are looking for disruption in the transportation sector, Curtis insists you need look no further than companies like Uber and GrubHub.

Technology and the Changing Nature of Logistics

Enterra Insights

It’s a discipline centered on the storage, transportation, and distribution of products. Gartner, for example, reports that 80% of supply chain blockchain initiatives will remain at a proof of concept (POC) or pilot stage through 2022.” There has been a lot written and spoken about supply chain operations during the coronavirus pandemic. Supply chain operations are complex — encompassing a broad array of processes and operations.

This Week in Logistics News (January 2 – 8)

Logistics Viewpoints

This means that it can be stored and transported in regular refrigeration trucks. The four WestJet planes are being converted to cargo jets and will join the Amazon Air fleet this year, while the seven Delta planes will be added in 2022 after their conversion. Welcome back.

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

Volkswagen recently announced plans to invest €34 billion ($42 billion) in battery-powered cars by 2022. Supply chain is not just about the procurement and transportation of goods from source to consumer. In 2006, lithium-ion batteries consumed only 20% of the global cobalt supply. Ten years later, that number has more than doubled.

Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

With the rapid spread digitization of business process functions, these experts predict that by 2022, 50 percent of all organizations will have acquired at least one procurement software application. Imagine if you could analyze current gaps in transportation and address these as key requirements in your RFP. Many Transportation Management Systems (TMS) include procurement as a core feature but it often goes unused due to immature features and low adoption.

Guest Post by Mike Challman: How to Measure & Improve Freight Management Performance: 6 Critical Key Performance Indicators

NC State SCRC

Most companies turn to a third-party logistics (3PL) provider for help because they have not just market-intelligence and expertise at their disposal, but also proprietary technological advantages such as transportation management systems (TMS). billion by 2022, according to Transparency Market Research. For example, should your product utilize intermodal transportation methods??

Podcast: Daniel Stanton on Technology, Education, and Disruption

Requis

In the last five years, MIT’s Center for Transportation and Logistics has launched an online program called the MITx MicroMasters in Supply Chain Management. Otherwise known as “Mr.

A bigger boom in warehousing on the way? Part 2: E-commerce, automation and the long-term outlook

EFT

Sites which are close to urban conurbations, with large employment pools and customer base, and key transport routes will always be in most demand and attract strong competition from developers.”. Warehousing has been on a long journey in the last two decades, rising from a necessity few were interested in on an organisational level, to a critical asset that has to run smoothly for an operation to be effective.

SupplyStack: Supply Chain Visibility & Customer Experience

Savant Events

Well, I think most of the challenges are related to customer experience as B2B expectations are increasing, putting pressure on current supply chains, order management and transportation in general. By 2022, global B2B eCommerce sales will be nearly 3 times as big as B2C eCommerce sales, about 15 trillion dollars, fuelled by organisations entering new sales channels. . We provide a customer-centric transportation management system.

The Internet of Things is over 30 Years Old and still in Its Infancy

Enterra Insights

But some believe now that IoT can boost productivity growth by increasing the efficiency of traditional business operations such as manufacturing, transportation, and retail.” “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?