Strong Freight Forecast Expected Thru 2026, What It Means for Shippers & 5 Things to Get Prepared

Cerasis

Freight Transportation Forecast to 2026. percent by 2026. This means the increased revenue by 2026 would amount to more than five percent of the total current US National Debt. million by 2026. With unprecedented increases in freight and significant costs and changes to the industry, the logistics world of 2026 must be a paragon of efficiency, reliability, and consistency. On July 27, 2015, the American Trucking Association s released the U.S.

Inventory management software market 2026 - A USD 5 billion revenue opportunity

Manufacturing & Logistics IT

According to a recent study from market research firm Global Market Insights, the inventory management software market is set to grow from its current market value of more than $5 billion to over $5 billion by 2026, gaining remarkable traction over the 2020 to 2026 period

Study 46

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A Look into 2026: Is a Supply Chain Robotics Takeover Inevitable?

AFFLINK

In a 2016 survey conducted by MHI and Deloitte, a logistics industry group, 35% of respondents said they’d already adopted robotics to maximize their supply chain optimization. The same report suggested that in 10 years that number will rise to 74%. But the question still remains: is the rise of robotics within the manufacturing supply chain a good or bad thing?

Global Supply Chain News on Major Changes in Which Countries have the Largest Economies, Coming, New Assessment Says

Supply Chain Digest

China to Overtake US in 2026, India, Indonesia to Rise Sharply in New World Order

Final Mile Carriers: What Should Shippers Know?

Cerasis

As noted by Freight Waves, e-commerce will contribute to the delivery of more than 100 million parcels per day by 2026. Every shipper is actively engaged in the process of refining final mile services, offering customers new delivery options, such as buy online pick up in-store (BOPIS), and same-day delivery to the residence. Such transformation.read More. The post Final Mile Carriers: What Should Shippers Know? appeared first on Transportation Management Company | Cerasis.

How Will Shippers Meet Growing Demand?

PLS Logistics

The American Trucking Association (ATA) recently released a freight transportation forecast, predicting growth through the year 2026. According to Forecast , overall freight tonnage will grow 25.5% from 2013 to 2025 and freight revenues will surge 72%. 3PL Optimization Shipping Transportation Spend

New Study Questions Validity of the Truck Driver Shortage

Kuebix

Companies report problems covering their loads and even the American Trucking Associations announced that there will be a shortage of 174,000 drivers by 2026 if the current climate continues. It’s been taken as fact for many years that there is a shortage of truck drivers in the United States. Here are just a few of […]. The post New Study Questions Validity of the Truck Driver Shortage appeared first on Kuebix.

Study 93

The Myths and Benefits of Using a 3PL: Evaluation Criteria to Consider

Turvo

report found that the global 3PL market would surpass $1,800 billion by 2026. Prior to the onset of the pandemic, the value of a third-party logistics provider (3PL) was increasing. According to Supply & Demand Chain Executive , a new Global Market Insights Inc.

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Transportation TIP List: Week of March 3rd, 2019

Transplace

Billion by 2026 : According to a report by Acumen Research and Consulting, the size of the global supply chain analytics market is expected to be worth $10.7 billion by 2026, growing with 15.5% Transportation TIP List: Week of March 3 rd , 2019. Daylight Saving Time begins this upcoming Sunday, and despite losing an hour of sleep, our clocks will “spring forward” one hour to maximize some much-needed sunshine.

The (Potential) Value of Labeling in the Lithium Ion Battery Supply Chain

The UCLA Anderson Global Supply Chain Blog

1] Electric vehicle driven demand for lithium-ion battery raw materials such as cobalt and copper is expected to increase 10x by 2026. [2]. As such, our cost savings estimate only focused on differences in recovered material value from the time period of 2026 to 2040. Kevin Popper, Julia Navarro, Amelia Lanfrankie, and Felipe Caro. Demand for electric vehicles has risen dramatically alongside consumer concerns about greenhouse gas emissions.

Congo 60

Retail Apocalypse Predicted to Continue

Enterra Insights

Howland reports, “[UBS] analysts’ best case estimate is for 75,000 stores to collectively shutter by 2026, if e-commerce penetration rises from today’s 16% to 25%.” In the grocery sector, “Some 7,000 grocery stores (or 8% of the base) ‘could close if grocery eComm penetration rises from 2% currently to 10%’ by 2026, while home improvement stores could shutter about 1,000, according to the report.”

Retail 100

Why the Great Driver Shortage Is Now Top of Mind for Shippers & a Driver of a Capacity Crunch

Cerasis

In fact, the truck driver shortage is expected to double to 100,000 in the next five years, but other industry experts, reports Iris Kuo of Trucks.com , suggest actual worsening could be as high as 200,000 unfilled positions by 2026. The Great Driver Shortage was already starting to weigh on the minds of carriers and shippers early this year as experts predicted tightening capacity, said William B.

Driver Digest: The Impact of a Driver

Supply Chain Link

In the United States, drivers are responsible for moving 69% of total freight 1 and that amount of freight is expected to grow an additional 26% by 2026 2. Whether you are a driver who takes on long hauls over the road or runs frequent dedicated routes, drivers help sustain life and make the world go round. READ MORE. Driver Digest Truck Drivers

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. alone. Globally, they stood at $4.8 trillion.

How IoT Improves Consumer Packaged Goods Value Chain

Savi

Driver Shortages: It is estimated that by 2026, the industry will be short 175,000 drivers. Many companies are already leveraging the power of the Internet of Things (IoT) to turn orders around in a day, deliver customized orders and replenish stocks in short order.

Intelligent BOM Management Drives Manufacturing Success

Arena Solutions

billion in 2018, with estimated expansion at a CAGR of 7% through 2026, according to Grand View Research. Most manufacturing companies must rely on many supply chain partners to design and deliver products to their customers under budget and ahead of schedule.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. alone. Globally, they stood at $4.8 trillion.

Trucking Companies Are (Finally) Recruiting More Women

Elementum

If the trend continues, the ATA predicts the industry could fall short by 174,000 drivers by 2026. The American Trucking Association estimates that trucking companies are short by as much as 45,000 drivers. In light of this shortage, pressure has been mounting on carriers to reach out to untapped workforce pools in order to close the gap and keep supply chains moving. Now, trucking and logistics companies are trying to recruit more women to overcome growing driver shortages.

Manufacturing Operations Management – A Guide for Better Shop Floor Control

ThroughPut

billion in 2018 and this is expected to reach $15.21billion by 2026- this shows a CAGR growth rate of 9.5% from 2019 to 2026. What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance.

Manufacturing Operations Management – A Guide for Better Shop Floor Control

ThroughPut

billion in 2018 and this is expected to reach $15.21billion by 2026- this shows a CAGR growth rate of 9.5% from 2019 to 2026. What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance.

Manufacturing Operations Management – A Guide for Better Shop Floor Control

ThroughPut

billion in 2018 and this is expected to reach $15.21billion by 2026- this shows a CAGR growth rate of 9.5% from 2019 to 2026. What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance.

Why has e-commerce grown so much and what you should be doing about it

Loginext

Here, the market is slated to reach $64 billion by 2020, $200 billion by 2026, and surpass the U.S The Southeast Asian region would grow at 32% CAGR, reaching about $88 billion by 2025, Indian shores have taken up e-commerce strongly. market by 2034.

Truck Driver Shortage: Myth or Reality?

Talking Logistics

According to the American Trucking Associations, for example, there will be a shortage of 174,000 drivers by 2026 if current trends continue. For decades there has been a consistent narrative in the trucking industry about there being a driver shortage. However, a new study conducted by Stephen V. Burks and Kristen Monaco titled “ Is the U.S. labor market for truck drivers broken? ” (Monthly Labor Review, U.S.

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

The American Trucking Association expect a shortage of roughly 70,000 truck drivers in 2019, which will increase to 175,000 by 2026. A group of executive joined SCRC faculty and staff for a one-day workshop held on February 28, 2019. Companies represented included Advanced Auto Parts, John Deere, Hanes Brands, UPS, FHI, Lenovo, GSK, Altria, and UNC Healthcare.

DC 40

Are We Building Our Supply Chains For Gen Z?

EV Cargo Technology

By 2026 Generation Z will overtake Millenials to become the largest consumer population (1). The Generation that regard being able to vote in the Brexit poll as an epochal moment, have Greta Thunberg as a role model and due to their online ability are known as “Digital-ites”(4). Digital-ites are soon to become the biggest retail spenders.

Are We Building Our Supply Chains For Gen Z?

EV Cargo Technology

By 2026 Generation Z will overtake Millenials to become the largest consumer population (1). The Generation that regard being able to vote in the Brexit poll as an epochal moment, have Greta Thunberg as a role model and due to their online ability are known as “Digital-ites”(4). Digital-ites are soon to become the biggest retail spenders.

Collaborative Logistics’ Role in the Emergence of the Physical Internet

Material Handling and Logistics

When you consider that the driver shortage could exceed 174,000 by 2026, and that 70% of America’s freight is currently transported by truck, perhaps this argument is the most powerful one for breaking with convention and embracing an interconnected and multimodal freight sector with the physical Internet as its cornerstone. . Imagine moving cargo across continents as smoothly as computers process data.

Why Walmart is Paying Truckers Almost $90,000 a Year

Shipchain

Bob Costello, Senior Vice President of the American Trucking Associations, did a study and found that the shortage could be as significant as 175,000 by 2026. Near the end of 2018, Walmart announced it plans to raise trucker salaries to approximately $87,500. That is in stark contrast to the current median clocking in at roughly $44,281. Now if your first thought is to quit your job immediately and apply to drive for Walmart, I don’t blame you.

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The Expected Growth of Manufacturing Technology Investments!

Supply Chain Game Changer

The Bureau of Labor Statistics recently predicted manufacturing will be the only major occupational group that will experience a decline in the 10-year period from 2016 to 2026. Subscribe Here! Email Address. 4 Challenges in Starting and Sustaining a SIOP (S&OP) Business Process! Article written for Supply Chain Game Changer by Russ Davidson at Software Connect. Manufacturing technology helps power forward the industry into areas it has never been before.

Trends and Predictions 2020: Food and Grocery

Enterra Insights

“By 2026,” note Whole Foods analysts, “80 percent of millennials will have children, and many parents are introducing their kids to more adventurous foods. Food is one of the essential needs all humans have in common. In an extended essay entitled “A Room of One’s Own,” the late Virginia Woolf, wrote, “One cannot think well, love well, sleep well, if one has not dined well.” ” One can only dine well if good food is available.

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Why Taxing Automation is a Bad Idea

Talking Logistics

The ATA estimates the shortage could reach 50,000 by the end of 2017 and could even grow to 176,000 by 2026. Late last year, a San Francisco politician launched a statewide campaign to raise money for a California ballot that would penalize private enterprise for embracing automation in the workplace. The website, called “Jobs of the Future Fund,” boldly states: “The idea is simple: if an employer replaces a human worker with a robot or algorithm, he or she would pay a tax.

Where Have The Drivers Gone?

AFFLINK

According to another recent report from the American Trucking Association , the shortage of drivers was expected to hit 50,000 by the end of 2017 - a trend that equates to more than 174,000 drivers by as soon as 2026. In the digital world that we're now living in where buying a particular product is as simple as clicking a computer mouse a few times, many people don't realize how many of the goods we consume are delivered from businesses to consumers by way of our nation's highways.

3 ways retail warehousing impacts profitability

6 River Systems

With online retail penetration projected to reach 25% by 2026, that means 75,000 stores could be forced out of business by that same year. With more brick-and-mortar stores shutting their doors than ever before and demand for warehouse space on the rise, retail warehousing creates a profitable opportunity for many companies.

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

Supply Chain Trend

2020), The Future of Work in the United States: Projections of Occupational Employment in 2026, Foresight, issue 49 (Spring 2018). Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.

Looking Back at Previous Capacity Crunches & How Shippers Responded

Cerasis

Also, the driver short has continually grown worse for the last eight years, and it is expected to continue through 2026, asserts Iris Kuo of Trucks.com. Some of the tightest of the previous capacity crunches have occurred within the last two decades. In the aftermath of Hurricane Katrina, capacity hit a breaking point. The same held true after Superstorm Sandy and the unyielding winter of 2014, reports Lawrence J. Gross of the Journal of Commerce (JOC).