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.

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

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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.

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

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.

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.

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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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

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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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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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.

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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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.

The Dirty Little Secrets of Business Intelligence: Planning Tomorrow’s BI Strategy Today

EnVista

IDC estimates a 26 percent five-year compound annual growth rate (CAGR) of the data created, captured, copied and consumed in the world through 2024. Business intelligence (BI) programs continue to grow rapidly in quality and scope reflecting the proliferation of digital data.

Borderlands: Mexico trade boomed in May but profit margins tightening

The Supply Chain Journal

This week: Mexico trade boomed in May but profit margins are tightening; a Korean auto supplier opens a plant in Mexico; Otay Mesa plans to open a new port by 2024; and Texas trucking company set to build terminal. Otay Mesa to open new port by 2024. Mexico border by late 2024.

The British Beauty Council releases their landmark sustainability report

Provenance

With the global ‘natural’ beauty market estimated to hit £17 billion by 2024, the British Beauty Council are specifically calling for: “The industry to collaborate through a Sustainable Beauty Coalition. The beauty industry is primed for quite a makeover with the latest findings from the British Beauty Council out today. Provenance is proud to be a part of this powerful report for our transparency work with Cult Beauty and 50+ brands across the space.

2021 Supply Chain Technology Trends to Watch

Logistics Viewpoints

The best guess on when we might see autonomous trucks delivering loads without drivers in the truck to take over in case something goes wrong in 2024. But even in 2024, these trucks will not be running across all lanes nationwide.

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

Navistar posts big jump in Q2 earnings with help from TuSimple

The Supply Chain Journal

Navistar and TuSimple ( NASDAQ: TSP ) are working together to bring a Class 8 high-autonomy truck to market in 2024. . Navistar International Corp.

Port of Savannah sets another record, but growth seen slowing

The Supply Chain Journal

A second inland port, located in Hall County northeast of Atlanta, is expected to be completed in 2024, Lynch said. After reporting another record fiscal year of volume growth, the Port of Savannah’s near-term encore is likely to be somewhat muted.

The Top Five Trends to Watch in the Logistics and Technology Sector

EV Cargo Technology

EV Cargo Technology’s Chief Commercial Officer Duncan Grewcock recently joined industry professionals at the GSCC LogTech Hybrid Asia virtual Summit to discuss the top trends to watch in the LogTech sector.

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UPS establishes worldwide cold-chain logistics unit

The Supply Chain Journal

UPS cited data from the Biopharma Cold Chain Sourcebook that forecast 48% growth from 2018 to 2024 for the storage and delivery of drugs maintained at 2 to 8 degrees Celsius, the traditional range for most biologics. UPS Inc.

Megatrends Reshaping Supply Chain Management

Logistics Viewpoints

The best guess on when we might see autonomous trucks delivering loads without drivers in the truck to take over in case something goes wrong is 2024. But even in 2024, these trucks will not be running across all lanes nationwide.

Wise Systems, Mitsubishi Fuso partner to offer aftermarket routing solutions

The Supply Chain Journal

until 2024, due to increased mobile phone adoption and consumer confidence in online shopping. Much like conditions in the U.S., Japan is experiencing capacity tightening while undergoing an e-commerce boom.

Cummins raises financial guidance on blazing trucking demand

The Supply Chain Journal

The diesel stuff is moving now because [manufacturers] have to make investment choices today,” Linebarger said, referring to California emissions rules in 2024 and tougher federal guidelines in 2027. “Do Engine maker Cummins Inc.

Digital Supply Chain Predictions!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! GET our EBOOK HERE. Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com.

Werner acquires regional carriers in $142M deal with ECM Transport Group

The Supply Chain Journal

The deal was financed with cash on hand, existing credit facilities and a new $100 million fixed-rate term loan, which matures in May 2024.

This Week in Logistics News (June 24-28, 2013)

Talking Logistics

Freight Forecast to 2024 , which projects an overall increase in freight volumes for all modes of more than 20 percent and an increase in the amount of freight moved by trucks. trillion annually in 2024 and trucking will see its share of those revenue rise to 81 percent from 80.7 percent annually between 2019 and 2024, and intermodal rail will continue to be the fastest growing freight mode, growing an average of 5.1 percent annually through 2024.

2021 Supply Chain Technology Trends to Watch

Logistics Viewpoints

The best guess on when we might see autonomous trucks delivering loads without drivers in the truck to take over in case something goes wrong in 2024. But even in 2024, these trucks will not be running across all lanes nationwide.

How to Best Prepare for Current (and Upcoming) Supply Chain Disruptions

CH Robinson Transportfolio

And with passenger travel not expected to recover until 2024 , proactive solutions are needed to avoid current and upcoming disruptions. Weekly meal planning is a recurring event in our household.

Combating the Driver Shortage: From the Carrier’s Perspective

Logistics Viewpoints

Some estimates indicate that the shortage could reach over 150,000 by 2024. There is no denying that the trucking industry is in a state of flux right now. Even though demand is rising, the industry as a whole is facing a monumental shortage of qualified drivers. Just how big is that shortage? By the end of 2015, the driver shortage had ballooned past 45,000. That is a scary thought, and one that will certainly drive […]. Transportation

Biden budget pumps $84 million into Virginia port deepening

The Supply Chain Journal

million that will help ensure the project remains on course for completion in 2024. The deepening and widening of Norfolk Harbor at the Port of Virginia was for the first time included in a federal budget with $83.7

Final innings are coming soon on the fate of Oakland’s Howard Terminal

The Supply Chain Journal

The current Coliseum lease runs to 2024. Kaval has been quoted as saying that a Howard Terminal stadium could not be ready before 2024.

This Week in Logistics News (April 24 – 30)

Logistics Viewpoints

Part of this plan is to speed up its supply chain, primarily with a $100 million distribution center in Hendricks County, creating up to 500 jobs by the end of 2024. The Noid is back. For those unfamiliar, let me explain.