article thumbnail

The Growing Reliance on Traceability in Manufacturing Supply Chains

IQMS

Bottom Line: The heightened priority on health & safety is leading to a renaissance of traceability in manufacturing across many industry sectors as every business strives to keep its employees, customers, and suppliers safe. by 2026, achieving an 18% Compound Annual Growth Rate (CAGR).

article thumbnail

Top 20 Warehouse Automation Suppliers Worldwide

Logistics Viewpoints

Also, warehouse automation excludes similar systems such as airport baggage handling, manufacturing-line automation, and manually driven forklifts. I will soon be publishing the 2021 base-year study with a five-year forecast through 2026. Contact us for more information. 2021 was also the year of new technologies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week in Logistics News (April 24 – 30)

Logistics Viewpoints

Apple establishing $100M distribution center in Hendricks County. Applications are due by July 2021, with the program looking to reduce deforestation between 2022 and 2026. The distribution hub will be operated by XPO Logistics Supply Chain, which has already started hiring. Truck driving shortage impacting cost of goods.

article thumbnail

Vendor vs. Supplier: how to Distinguish and Manage

Precoro

And is expected to double by 2026. Vendors and suppliers are two different distribution channels used in the supply chain process. Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. Let's see how they differ. Blurred lines.

article thumbnail

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. They can also help manufacturers move more material with fewer assets while still meeting customer requirements. Prior to the onset of the pandemic, the value of a third-party logistics provider (3PL) was increasing. Enhanced security. Improved quality.

3PL 55
article thumbnail

The Role of Blockchain in SCM, with Examples

SCMDOJO

As per an estimate , in 2020, its worth was $253 million and predicted to grow up to $3,272 million in 2026. Blockchain enables provenance verification by recording necessary data, such as details about manufacturing and processing, certifications, and quality inspections. Predictions of rapid growth are made about this market.

SCM 87
article thumbnail

Gain Control Over Your Production With Effective Capacity Planning

ThroughPut

Capacity planning in manufacturing – know your variables. Before we get further into the details of capacity planning in manufacturing , it’s important for you to understand the variables involved in the planning process and what needs your attention to create an effective and optimized capacity plan. Step 1 – Determining demand.