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


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


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

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


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

Demand for Basic and Specialty Chemicals Continues to Grow

Material Handling & 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.

The Reshoring Initiative: 3 Reasons Why American Retailers Are Reshoring U.S. Manufacturing Jobs


When Walmart announced its commitment to increase its American-made purchases by $50 billion annually by 2023 , resulting publicity gave a big PR boost not only to the Reshoring Initiative but to Walmart as well. After decades of jobs moving overseas, the tide has turned in favor of reshoring , reports the Reshoring Initiative in its latest annual report. Together reshoring and related foreign direct investment by companies returning to the 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.

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Blockchain – The Answer to the Future of Retail?


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.

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%

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


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.

Friday in 5: Whole Foods Deals Added to a Longer Amazon Prime Day

Supply Chain Nation

As artificial intelligence technology grows in capability and popularity, chatbots could save retail, banking and healthcare businesses as much as $11 billion each year by 2023, according to a new report from Juniper Research. billion hours by 2023 in those three sectors. Welcome to Friday in 5: news from around the supply chain landscape, served up in one spot to keep you up to date and informed. This week: Amazon Prime Day gets longer and adds Whole Foods deals; U.S.

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Multiple Constraints of Route Planning in ASEAN


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.

New Automotive Technologies Threat Your Long-Term Visibility


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.

Disrupting Logistics: 4 Innovative Blockchain Startups to Watch in 2018


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.

Big Data: The Gift that Keeps on Giving

Enterra Insights

billion by 2023, according to information from Billion by 2023 ,” Inside Big Data , 23 December 2018. [6] Big data seems like old news; but, it becomes more important every second of every day as humongous amounts of data are generated.

It’s Time to Squeeze the Efficiency from Logistics with TMS

Supply Chain Collaborator

per year on average through 2023, according to the organization’s just-released Freight Transportation Forecast, 2017-2028.” The low-hanging fruit has all been harvested by shippers using TMS and other logistics IT solutions increase efficiency and save costs in transportation.

Trends 2019: Supply Chain

Enterra Insights

He predicts, “By 2023, talent shortages in the supply chain for 75 percent of the top 500 manufacturers worldwide will largely have been mitigated using supply chain digital assistants.”[6] We live in hectic times. The U.S. is in a trade war with the world. Britain is trying to disconnect from Europe. Cyber attacks are increasing. Climate change is creating violent weather events. The list of crazy things happening goes on and on.

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Trends 2019: Business Technology

Enterra Insights

But … people shouldn’t buy into all of the hype, because there is a real problem with things such as decoherence, and it won’t be until between 2023 to 2028 that quantum computing begins to create meaningful work.”. Technology is an ambiguous word referring to a wide range of marvelous (and sometimes scary) man-made gadgets. Deciding what technological trends are important depends on the activities in which you or your organization are involved.

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Is the Retail Apocalypse Just Around the Corner?

Supply Chain Nation

and Adidas AG shoes will move to more automated factories by 2023 due to a “buy now/wear now” shopping environment forced by the shift to e-commerce, per forecasts by Morgan Stanley. 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: There are differing opinions on the future of retail; omni-channel still has some bugs to work out; and a southeastern U.S. grocery delivery service has big plans for the future.

In Logistics, the Last Few Feet are as Important as the Last Mile

Enterra Insights

The staff at Supply Chain 24/7 notes, “In response to today’s online-buying, smartphone-wielding consumer that expects a seamless, faster purchasing journey, [a study published by Zebra Technologies] revealed that 78 percent of logistics companies expect to provide same-day delivery by 2023 and 40 percent anticipate delivery within a two-hour window by 2028.”[2]. There are 5,280 feet in a mile.

Drug-Alcohol Clearinghouse: Employer asset or capacity killer?

DAT Solutions

January 6, 2023 - Once three years of violation data are stored in the clearinghouse, employers are no longer required to also request information from the driver’s previous FMCSA-regulated employers.

The Story of China's Corny Love Affair


is set to provide it—up to 22 million metric tons per year by 2023. You’ve probably heard about America’s love affair with corn. We’re the number one producer of the agricultural hero, whose versatile structure goes into everything from ketchup, to coca-cola, to your car’s fuel.

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Addressing UN Sustainable Development Goal 8: Helping Automotive Businesses Tackle Modern Slavery


According to SDG Compass, 212 million people will be unemployed by next year, which means, to keep up with the growing working age population, the world needs to create 600 million jobs by 2023.

Navy Awards Two Shipbuilding Contracts for New Submarines

Operations and Supply Chain Management

The company said it would start building the first boat of the new order on May 1, with the 10th vessel due to be delivered in 2023. Discussion Questions: Read the following article carefully. What are the details of the contracts that that the Navy struck with General Dynamics and Huntington Ingalls? Would not it have been better if the Navy had only awarded one contract? What are the trade-offs associated with one versus two submarine suppliers? Navy Shipbuilders Share $17.6

Pharma Supply Chain Management: The Key to Solving Pain Points


By 2023, the Act will ensure that manufacturers, repackagers, distributors and dispensers can only transact with serialized product, ensuring unit level traceability across the pharma supply chain. With a maze of regulations across global jurisdictions and even more complex, temperature-sensitive pharmaceutical and healthcare product requirements, the life sciences supply chain is under pressure to adapt.

Significant Robotic Process Automation Growth Predicted

Enterra Insights

Analysts from Market Research Future predict, “The industry for robotic process automation is estimated to develop to revenues worth USD 2,700 Million by the year 2023, while expanding at 29 per cent CAGR between 2017 and 2023.”[6]. Technology has historically sparked fear, anger or both in people whose lives are adversely affected by it. Even the great Albert Einstein once uttered, “It has become appallingly obvious that our technology has exceeded our humanity.”[1]

Các ràng bu?c ??c thù trong l? trình giao hàng ? ASEAN


m 2023. n 2023. i các qu?c c gia ?ông ông Nam Á (ASEAN) là m?t t trong nh?ng ng trung tâm s?n t, th??ng i có t?c phát tri?n n nhanh nh?t n 600 tri?u u ng??i i tiêu dùng, l?c ng lao ??ng i dào và ngành công nghi?p p th??ng n t? ?ang ang trên ?à à phát tri?n. Theo cùng v?i ng tr??ng

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The Upswing of Chinese Logistics Companies


by 2023 between its different segments including roadways, waterways, railways, and airways. Forecast to grow by a CAGR of 7.5% by 2020 globally, the logistics industry is booming.

How Tax Reform Affects Owner-Operators

DAT Solutions

After 2022, the amount of bonus depreciation will begin to be phased out with 80% in 2023, 60% in 2024, 40% in 2025, and 20% in 2026. In December 2017, Congress passed one of the largest tax reform bills since the 1980s.

10 Key Takeaways From MHI’s Annual Report


See figure below from the report projecting the 2023 adoption rates for each emerging technology. At last month’s Modex Show, MHI and Deloitte released their 2018 Annual Industry Report ( download here ).

Musk's Electric-Car Vision Doubted by Major Auto-Parts Suppliers

Material Handling & Logistics

billion to help develop products for electric powertrains, forecasts that a fifth of vehicles will be hybrid or electric in 2023, with pure EVs being just 3% of sales.

‘Truckemon Go’ trucking software app


And with those words Harold Wicks kicked his 2023 Peterbuilt into gear and drove quickly to pick up his load ahead of the four other big rigs trying to catch up with him. “Look… I just found a Load over by the hockey arena!”. That’s the third load I found this week!’ said Wicks with great enthusiasm. It wasn’t a real load though – it was something quite new to the world of trucking.