Global Blockchain Market for the Supply Chain Expected to Grow at 87% CAGR Until 2023

EFT

million by 2023, at a Compound Annual Growth Rate (CAGR) of 87% during the forecast period, according to MarketsandMarkets. The global blockchain supply chain market is expected to grow from $45 million in 2018 to $3,314.6 An increasing need for supply chain transparency and rising demand for enhanced security of supply chain transactions are major growth factors for the market.

Supply Chain by the Numbers for July 25, 2019

Supply Chain Digest

Another Worker Protest at an Amazon FC, More Provocative Move by China in the South China Sea, Lots of Ocean Contaiers to be Smart by 2023, Mobile Robot Maker Brings in Huge

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The Top Benefits of Automation in a TMS

MercuryGate

According to a Visual Capitalist report, up to 61% of supply chain professionals expect capacity requirements to increase over the next year, and automated technologies are on track to become a major force in the market by 2023. The need for automation within the supply chain is omnipresent.

Supply Chain Analytics Market to Double to $7.1 Billion in Next Five Years

StockTrim

billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.6% Here's some good validation for the reason why we created StockTrim. Recent research (link below) estimates the global supply chain analytics market to grow from USD 3.6 billion in 2018 to USD 7.1 during the forecast period

Musk Sets Lofty Goal for $25,000 Model With Tesla-Made Batteries

Supply Chain Brain

laid out a road map to build a $25,000 car by 2023 and eventually 20 million cars a year, part of the company’s first-ever and highly anticipated “Battery Day” event Tesla Inc.

Supply Chain Collaboration Networks Outlook

Logistics Viewpoints

I recently wrapped up my Supply Chain Collaborative Networks (SCCN)market study which looks at the total size of the market, the forecasted growth through 2023, and the leading suppliers across a number of categories including industry, region, and customer size.

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Trends and Predictions 2020: Information Technology

Enterra Insights

An IDC report predicts that by 2023, “more than half of all worldwide GDP [will be] driven by products and services from digitally transformed industries.”[3] IDC analysts predict, “By 2023, more than 50% of all ICT (information and communications technology) spending will go toward digital transformation and innovation.” Information technology (IT) is an umbrella term covering a variety of technologies.

Trends 100

Demand for Basic and Specialty Chemicals Continues to Grow

Material Handling and Logistics

million units per year by 2023. Assuming no major trade disruptions, there will be a $69 billion trade surplus in chemicals by 2023. Healthy growth is expected to be driven by broad-based industrial demand. Following growth throughout 2018, the chemical industry is expected to see continued healthy demand for basic chemicals throughout this year, with most specialty segments predicted to benefit from growing demand as well, especially in construction markets.

DHL to expand in South Carolina with 1.7 million square foot of warehouse and distribution centre planned

EFT

The first building is expected to be completed during the first quarter of 2020 with the remaining two additional facilities to be finished no later than 2023. DHL Supply Chain has said that it will spend $100 million to build the new facility on 125 acres it has purchased and named the acquired area “DHL Commerce Park.”. Primary Event: The 10th Annual North American Supply Chain Summit Précis: DHL Supply Chain is planning to add 1.7

Meet Your Match

Inbound Logistics

billion to run IoT solutions by 2023, startup aims to make robots safe around factory workers, conditions ripe for multistory warehouses, automated material handling equipment market to exhibit significant growth during 2018–2024

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

They suggested that, by 2023, digital transformation efforts would account for more than half of all information and communications technology (ICT) spending. billion by 2023. That prediction represents a combined annual growth rate (CAGR) from 2018 to 2023. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Digital Supply Chain Overview! Video). Digital Supply Chain evolve article and permission to publish here provided by Megan R. Nichols.

Trends and Predictions 2020: Supply Chain

Enterra Insights

Micro-applications : “By 2023, supply chain micro-application extensions will account for one-third of all new technology investments in manufacturing and retail.” Warehouse Automation : “By 2023, 65% of warehousing activities will use robots and situational data analytics to enable storage optimization, increasing capacity by over 20% and cutting work order processing time in half.”

Trends 100

Artificial Intelligence (AI) & Machine Learning (ML) in Supply Chain Planning (Part 2 of 2)

Logility

According to a recent International Data Corporation (IDC) Digital Economy Model, by 2023 over 50% of all worldwide nominal gross domestic product will be driven by digitally transformed enterprises. And by 2025 at least 90% of new enterprise apps will have embedded AI capabilities.1 Gartner estimates that by 2021 AI augmentation will generate $US 2.9 trillion in business value and recover 6.2 billion hours of worker productivity.2.

Will Construction Robots Be the Next Big Thing?

Schooled by Science

between 2018 and 2023. Read Time: 4 minutes Construction robots are taking over the market, with an annual growth rate of 16.8% How long before they become the next big thing? The post Will Construction Robots Be the Next Big Thing? appeared first on Schooled By Science. Manufacturing & Engineering

2020 The Year To Address The Elephant in Every Room – Data

ivalua

In another recent report, Gartner predicted that by 2023, organizations that don’t really tackle the issue of supplier master data management will very likely have the wrong information for half of their suppliers.

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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

Trends and Predictions 2020: Technology

Enterra Insights

By 2023, Gartner projects more than half data will be created and processed ‘outside the data center or cloud.’ Gil Press ( @GilPress ), Managing Partner at gPress, reports analysts from IDC predict, “By 2023, more than 50% of new enterprise infrastructure deployments will be at the edge rather than corporate data centers, up from less than 10% today. The late futurist and science fiction writer Arthur C.

Trends 100

A New Technology Superpower: AIoT-The Convergence of AI and IoT

DELMIA Quintiq

By 2023. Source: AIoT Technologies, Integration, Infrastructure, Solutions, Applications and Services by Industry Vertical 2018 – 2023. When people hear the technology terms Artificial Intelligence (AI) and Internet of Things (IoT), most think of modern advances of a futuristic world that has been depicted in films over the past few decades like the Minority Report.

Why Final Mile Logistics Matter So Much

Shipchain

According to Statista , e-commerce sales are expected to surpass $740 billion by 2023, with no signs of slowing down. Final Mile, also commonly referred to as Last Mile, refers to the very last leg of any shipment’s journey: from the transportation hub to the end-user.

8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. That’s significant. Accurate supplier master data (SMD) is essential for procure-to-pay (P2P) automation, accuracy and analytics, but connecting data to users and systems sometimes gets bumpy.

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Applying Blockchain in Logistics & Supply Chain Management: 5 Reasons Why Supply Chain Execs Need to Know More

Cerasis

In fact, the Drug Supply Chain Security Act of 2013 , passed by Congress, mandates pharmaceutical supply chains implement an around-the-clock, real-time, and accurate way of monitoring product location in manufacturing and transport by 2023, reports Innovation Enterprise. Blockchain offers an opportunity for shippers to redefine standard procedures, leverage new technologies, including cloud-based platforms, and enhance cybersecurity.

Multiple Constraints of Route Planning in ASEAN

Abivin

According to SpirE-Journal 2016 Q4 - Spire’s Asia Market Research, ASEAN trade volume is expected to increase by 130% and will be valued at $5,653 billion by 2023. per annum from 2012 to 2023.

The Managed Transportation Services Outlook

Logistics Viewpoints

I recently wrapped up my Managed Transportation Services market study which looks at the total size of the market, the forecasted growth through 2023, and the leading suppliers across a number of categories including industry, region, and customer size.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Logistics

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. A key component of this technology trend is the need for a supply chain visibility platform.

Latin America's e-commerce problem

EFT

In comparison, e-commerce sales in the world as a total are projected to nearly double by 2023, expanding 13% annually to $6.7 Latin America has the second lowest per capita e-commerce sales of any region globally. According to the Freedonia Group study Global E-Commerce , e-commerce sales in Latin America totaled $80 billion in 2018, accounting for 2% of the global total. Revenues are largely driven by Brazil and Mexico, which together accounted for 57% of the region's sales in 2018.

Cognitive Technologies are Paving Stones on the Digital Path to Purchase

Enterra Insights

retail sales will be digitally impacted by 2023, meaning those sales either will occur online or may occur in-store but be influenced by digital technologies.”[1] 1] Dan O’Shea, “ 58% of retail sales will be influenced by digital by 2023 ,” Retail Dive , 2 January 2019. [2] There’s no denying the digital path to purchase is becoming more of a consumer highway than a path. A Forrester report predicts, “Fifty-eight percent of U.S.

Surviving the Retail Apocalypse

Enterra Insights

retail sales will be digitally impacted by 2023, meaning those sales either will occur online or may occur in-store but be influenced by digital technologies.”[7] 7] Dan O’Shea, “ 58% of retail sales will be influenced by digital by 2023 ,” Retail Dive , 2 January 2019. [8] By now, most people are aware of the spate of retailer bankruptcies and store closures referred to in the press as the Retail Apocalypse.

Retail 100

The Transformative Tech Your Supermarket Can’t Afford to Ignore

Repl Group

to £218 billion by 2023, securing your slice of the supermarket pie has never been more important. billion by 2023, an increase of over 52%. Some savvy supermarkets are already embracing artificial intelligence (AI) to establish difference and gain market share. From Tesco trialing checkout-free shopping to Morrisons ’ introduction of automated stock replenishment, the possibilities for the £190 billion grocery industry are endless. With the market forecast to grow by 14.8%

The TMS Outlook

Logistics Viewpoints

I recently wrapped up my Transportation Management Systems market study which looks at the total size of the market, the forecasted growth through 2023, and the leading suppliers across a number of categories including industry, region, and customer size.

Study 68

Four Ways Blockchain Will Transform Supply Chain…and Beyond

ToolsGroup

through 2023, 40% of all blockchain pilots across the supply chain will be developed as a complementary feature, or a mesh of, IoT and other advanced technology solutions.” Public ledgers dating to the Italian Renaissance may help us see the potential of today’s blockchain technology for data accessibility. .

Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

billion USD by 2023. Everybody is talking about blockchain these days, some are even referring to it as the next disruptive technology that will change the retail industry. The impact of blockchain on the financial services is well known. The use of cryptocurrencies has dominated the news even though many don’t understand the technology behind it.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Transportfolio

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. A key component of this technology trend is the need for a supply chain visibility platform.

New Automotive Technologies Threat Your Long-Term Visibility

DynaSys

To go even further, the top 12 OEMs will launch 182 new electric vehicles nameplates by 2023. The automotive industry is evolving. New disruptive technologies are changing the way automotive companies are planning scenarios in the future. Nobody really knows how far the electric vehicles or autonomous vehicles hype can go, whether locally or globally.

How AI & Machine Learning Will Transform Supply Chain Management Through Software-Driven Automation

Accelogix

This recent article from The Wall Street Journal says Gartner expects a double-digit increase in demand for robotic goods-to-person systems over the next three years alone and that half of the world’s global leading enterprises will have invested in real-time transportation visibility software by 2023. This blog is a guest post from Paul Patin, Chief Technology Officer at Logistiview.

Disrupting Logistics: 4 Innovative Blockchain Startups to Watch in 2018

Techgistics

trillion in 2023. Source: The Daily Dot. The global logistics market is predicted to reach US 15.5 The world runs on trade and traditionally the industry has been plagued by inefficient processes, middlemen, and archaic technology. As a result, venture capital has poured into logistics startups over the last few years in an attempt to digitize the supply chain. Even with large sums of money thrown at start-ups over the last few years, the logistics business is still a tough nut to crack.