Global logistics warehouse demand to surge through 2024, JLL says

The Supply Chain Journal

Worldwide demand for logistics warehousing, already at elevated levels, will continue to surge at least through 2024 as more space will be needed to support growth in multiple industries, notably e-commerce, according to a survey published Wednesday by real estate services giant JLL Inc.

AEV Summit: Navistar and TuSimple on track for 2024 launch

The Supply Chain Journal

DETAILS: Navistar and TuSimple shortened the timeline to autonomous trucking commercialization a year ago when they announced a partnership to put a Level 4 high-autonomy Class 8 truck into production in 2024. And this goes across multiple aspects of getting us to 2024.

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Supply Chain Analytics Market to Grow 15.8% Annually Through 2024

Material Handling and Logistics

By 2024 the market could be worth $9.2 billion

E-Grocery Penetration Expected to Hit Double Digits by 2024

Multichannel Merchant

The post E-Grocery Penetration Expected to Hit Double Digits by 2024 appeared first on Multichannel Merchant. E-grocery penetration in the U.S. reached 4.5%

Blockchain to save the food industry US$31 billion by 2024, driven by IoT partnerships

Manufacturing & Logistics IT

New data from Juniper Research shows that blockchain will enable $31 billion in food fraud savings globally by 2024 by immutably tracking food across the supply chain. Substantial savings in food fraud will be realised from 2021 and compliance costs will be reduced by 30% by 2024

Trucker Shortage May Quadruple by 2024 – What Carriers Are Doing to Help

GTG Technology Group

The ATA believes the industry will be short a whopping 175,000 drivers by 2024. The post Trucker Shortage May Quadruple by 2024 – What Carriers Are Doing to Help appeared first on GTG Technology Group. The trucker shortage has been a growing problem recently. Unfortunately, it seems like the light at the end of the tunnel is still a long ways off. In October 2015, the ATA released a report on the status of the trucker shortage in the US.

Artificial Intelligence reduces Supply Chain risks

Prophetic Technology

As AI applications spread out in SC management, leaders expect the market to reach billions by 2024. AI-based (Artificial Intelligence) automation and Analytics application keeps escalating, and it is Supply Chain (SC) risk mitigations became an important area of potential improvement.

Dock Scheduling: A Requirement as Retailers Double Down on WMS & WES

C3 Solutions

billion by 2024 from USD 2.06 from 2018 to 2024.” Supply chains across the globe need more efficiency to survive. The opportunities to grow fulfillment and improve the flow of inbound and outbound freight depend on multiple factors.

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Loftware Announces Retirement of Loftware Print Server – Start Planning Your Migration Today!

Loftware

We have recently announced our plan to retire the Loftware Print Server (LPS) family of solutions, with a formal end of support occurring on December 31st, 2024.

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FDA To Hold First DSCSA Meeting

Loftware

First signed into law by President Obama in 2013, the DSCSA includes a lengthy adjustment period that runs between 2015 and 2024. The Drug Supply Chain Security Act aims to protect U.S. consumers from counterfeit or contaminated pharmaceutical drugs. DSCSA Pharma Labeling

Supply Chain Weekly Wrap-Up: 11/22/19 – 11/28/19

All Things Supply Chain

Blockchain could save the food industry billions, according to new research Blockchain could save the food industry $31 billion by the year 2024 according to new data from Juniper Research.… … General Supply Chain News Weekly wrap-up blockchain logistics supply chain news sustainability weekly wrap-up

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5 Facts Affecting Telematics in 2020 | Fast Freight Five Video

GlobalTranz

CAGR through 2024. [link] Telematics allows carriers, drivers, and shippers to gain more visibility in freight in transit. As e-commerce swells, the value of telematics grows as well. Across all modes, the value of global telematics will grow at 20.7% Unfortunately, big risks remain.

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Freight Analytics That Will Enhance Productivity

GlobalTranz

billion by 2024, presenting new opportunities.read More. Freight analytics refers to a set of algorithms that meticulously comb through the mountain of freight data to unlock its potential. According to Research & Markets, their value is further evidenced by their growth.

Embark Trucks tallies 14,200 prelaunch reservations for driverless software

The Supply Chain Journal

It is intended for driverless operation in 2024 on predetermined routes in Sunbelt states chosen by its potential customers. for 2024 and 2025 and expand to the 48 contiguous states in 2026. billion billable miles in 2024 to reach its revenue goal.

Titanium adds US brokerage office in Denver

The Supply Chain Journal

It hopes to have at least 10 in operation by 2024. Titanium Transportation Group has opened its fourth U.S. freight brokerage office, in Denver, the Canadian trucking and logistics firm said on Thursday as it pushed ahead with an increasingly key source of growth.

Freight Truck Shortages Are Changing The Face Of Logistics

The Logistics of Logistics

TuSimple Holdings (NASDAQ: TSP) – in its most recent call with financial analysts – reaffirmed that they expect to have fully autonomous trucks on the road in 2024. Freight Truck Shortages Are Changing The Face Of Logistics.

The Daily Dash: TuSimple’s 3,280-foot view

The Supply Chain Journal

The miniature machine is being evaluated for inclusion in TuSimple’s autonomous driving system on a Navistar International truck planned for 2024. Navistar and TuSimple on track for 2024 launch. The Daily Dash is a quick look at what’s happening in the freight ecosystem.

AirBaltic to build cargo hangar in Latvia

The Supply Chain Journal

Construction is scheduled to begin in late 2022 and be completed by early 2024. Latvian flag carrier airBaltic has leased land from Riga Airport to build a new air cargo warehouse capable of handling 33,000 tons of cargo each year, the parties announced Thursday.

How Can You Protect Your Organization from Demand Constraints? 

Logility

Key Takeaways: • Supply chain volatility is expected to continue and plague some sectors until 2024. Demand constraints create financial risks as well as environmental problems. • 25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain.

Trucking boom propels Meritor to higher sales and earnings

The Supply Chain Journal

A supply agreement with European truck manufacturer IVECO was extended through 2024 for medium-duty and heavy-duty single reduction axles. The company also announced that it plans to redeem $175 million of 6.25% notes due in 2024. Commercial driveline supplier Meritor Inc.

Plus scores SPAC deal as Wall Street sizes up TuSimple prospects

The Supply Chain Journal

Driverless by end of 2024. For the first time Monday, Plus said it expects to remove the driver from its autonomous trucks by the end of 2024, the same year rival TuSimple plans to begin selling a driverless version of a Navistar International ( NYSE: NAV ) Class 8 truck.

Vitamin Fulfillment Requires Specialized 3PL Capabilities

Amware Logistics and Fulfillment

billion by 2024. Online vitamin purchases are increasing 12% faster than the average of all eCommerce categories combined, and sales are expected to reach $56.7

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TuSimple’s take on drivers in autonomous trucking world — Taking the Hire Road

The Supply Chain Journal

In a partnership with Navistar, TuSimple aims to deliver a Level 4, high-autonomy Class 8 truck to the market by 2024. We believe that come 2024, there are going to be trucks operating on U.S.

TuSimple: Autonomous freight network 6 months ahead of schedule

The Supply Chain Journal

TuSimple Holdings ( NASDAQ: TSP ) on Wednesday opened a new facility in Fort Worth, Texas, that extends its reach with supervised autonomous trucks and reduces the time it will take to complete the first part of a three-phase nationwide autonomous freight network by 2024.

India’s Flipkart said to be looking for $3B in funding

The Supply Chain Journal

India’s e-commerce market is expected to grow to $111 billion by 2024 , according to financial technology firm FIS.

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People and Halal Supply Chains

The Logistics & Supply Chain Management Society

trillion industry by 2024 , consisting of not only food, but also cosmetics, pharmaceuticals, modest fashion, media & creation, and Muslim friendly travel. I would certainly recommend before the year 2024. Developments. The halal industry is a fast-growing industry.

Driving Growth Through Increased Efficiency in the Last-Mile

Logistics Viewpoints

E-commerce continues to grow yearly and it’s estimated that it will make up 30% of retail purchasing by 2024. As retailers across the U.S. struggle with disrupted supply chains and volatile economic markets, returning a profit has become more challenging.

Power Your Business Sustainably Through Solar Energy

The Logistics & Supply Chain Management Society

Minister for Finance Lawrence Wong said in February that Singapore’s carbon tax rate will be revised from S$5 per tonne of carbon to $25 in 2024, $45 in 2026, before reaching $50 to $80 per tonne by 2030. Power Your Business Sustainably Through Solar Energy.

Air Force One supplier laying off 223 after losing Boeing contract

The Supply Chain Journal

The planes were to be delivered by December 2024. GDC Technics is cutting 223 jobs in San Antonio and Fort Worth, Texas, after the Boeing Co. NYSE: BA) recently sued the company for being behind schedule on two Air Force One aircraft.

Prepare for Anything: Supply Chain and Ecosystem Predictions for 2022 and beyond….

The Logistics & Supply Chain Management Society

By 2024, 40% of APeJ-based supply chain forecasts will be automated through the use of artificial intelligence, improving accuracy by 5 percentage points. Making predictions has become significantly more challenging after the last 18 months.

Samsara named telematics provider for state of Tennessee

The Supply Chain Journal

million contract runs through June 20, 2024, according to the Tennessee Department of General Services.

Aurora closes in on production version of self-driving truck technology

The Supply Chain Journal

Aurora Innovation wants its autonomous hardware to easily transfer between its Aurora Driver system for heavy-duty trucks planned in 2023 and ride hailing passenger vehicles in 2024.

AirBaltic to build cargo hangar in Latvia

The Supply Chain Journal

Construction is scheduled to begin in late 2022 and be completed by early 2024. Latvian flag carrier airBaltic has leased land from Riga Airport to build a new air cargo warehouse capable of handling 33,000 tons of cargo each year, the parties announced Thursday.

Shares recover as autonomous trucking developer TuSimple’s lockup expires

The Supply Chain Journal

It is working with TRATON Group subsidiary Navistar on a ground-up Level 4 high autonomy version of the Class 8 International LT tractor for sale in 2024.

Embark knits BYD electric trucks with its autonomous tractors for cleaner air

The Supply Chain Journal

The nascent BET market is in the hundreds today but is expected to grow rapidly as California begins setting sales quotas for zero-emission trucks in 2024. Embark is working toward commercializing autonomous trucks by 2024 , the same time frame as several competitors.