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.

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.

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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.

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

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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Blockchain Makes a Strong Case for the Pharmaceutical Industry

Logistics Trends and Insights

Food and Drug Administration (FDA) began accepting pilot project proposals to identify solutions for meeting the 2023 requirements of DSCSA. As we look to 2023, there’s a lot of unknowns on what the 2023 interoperable system will be and what technologies will enable that system.

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

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.

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

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.

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.

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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

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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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.

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.

Data 141

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.

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

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.

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.

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.

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.”

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.

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.”

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.”

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.

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

TMC

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.”

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.

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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%

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.

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.

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.

2020 Challenges and Solutions for HVAC Distributors

EazyStock

New energy efficiency regulations and standards are set for 2023 regarding certain HVAC systems, making it past time for distributors to start sourcing suppliers and diversifying their product portfolios for the products they’ll need in order to keep up with a new demand.

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.

How Blockchain Can Improve Manufacturing In 2019

IQMS

By 2023, 30% of manufacturing companies with more than $5B in revenue will have implemented Industry 4.0 The business value-add of blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030 according to Gartner.

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

during 2018-2023, reaching a value of US$ 1,374 Billion by 2023. With rapid growth in technology, the logistics industry across the globe is experiencing a paradigm shift with fast track development driven by unique innovation and sturdy growth in the evolution of technology.

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Multi Currency ERP for Small Businesses – EMERGE App

EMERGE App

By 2023, it is expected to be six out of ten! Why You Need to Deal with Multiple Currencies. You’ve most likely heard of the phrase, “Money Makes The World Go Round” from a famous musical play.