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.

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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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.

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

Cerasis

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.

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

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

Lucas

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 ).

The Story of China's Corny Love Affair

Elementum

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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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.

The Upswing of Chinese Logistics Companies

Elementum

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.

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‘Truckemon Go’ trucking software app

Tailwind

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.