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Petrochemical demand is up and prices are spiking

Resilinc

This period of high prices and margins coincided with—and was partly supported by—supply chain disruptions, including the February 2021 deep freeze on the Texas Gulf Coast and port and shipping congestion in much of the world. German trade group VCI reports that petrochemicals prices rose by 21.6%

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Sustain 2018: Now Is the Time to Change the Mindset and Embrace the Impossible

EcoVadis

Meanwhile, in a session tackling supply chain disruptions caused by data breaches, Santtu Erkkila, Nokia’s supply chain information security program lead, stressed that third party security management program has to be a holistic and joint effort: “We won’t solve this on our own within IT/Security teams.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

In 2021, 87% of Americans were negatively impacted by the supply chain. 75% of companies felt negative or strongly negative impacts on their business due to supply chain disruption ( Accenture ). In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020.

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Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

The COVID-19 pandemic has caused much supply chain disruption, increasing system complexity for S&OE as well as business impact, and at an unprecedented scale. Amazon to spend $700 million retraining a third of its workforce by 2025. Human-machine collaboration will also be essential for a company to stay competitive.

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This Week in Logistics News (January 22 – 27)

Logistics Viewpoints

And it follows the company’s announcement in April 2022 that it would bump up annual salaries for truck drivers to up to $110,000 and launch the 12-week development program for supply-chain associates in Dallas, Texas, and Dover, Delaware, to earn their commercial drivers licenses.

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The 19 Biggest Spirits Industry Trends in 2022

Unleashed

It’s expected to reach around 20% of the market by 2025. Logistical and supply chain issues Beyond these trends, the alcohol industry has been hugely disrupted by logistical and supply chain issues. The category’s growth rate is expected to exceed 10% through to 2025.

Trends 97
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Trends 2019: Let the Prediction Season Begin

Enterra Insights

Weller observes, “A combination of widespread aging, falling fertility, and urbanization will lead to a dramatically different world in 2030. And, the World Economic Forum estimates that the global cost of chronic diseases — driven largely by aging populations — will total US$47 trillion between 2010 and 2030. With an expected 8.3