Remove 2026 Remove Freight Remove Inventory Remove Manufacturing
article thumbnail

How IoT Improves Consumer Packaged Goods Value Chain

Savi

Agile supply chain operations, especially in the consumer packaged goods (CPG) industry, are using IoT and end-to-end shipment visibility software to outperform competitors with better service while keeping lower inventory levels. Driver Shortages: It is estimated that by 2026, the industry will be short 175,000 drivers. .

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. Knowing what you want and need from a 3PL ahead of time will help you focus on what’s right for your company’s needs and reduce barriers to freight technology adoption. According to Supply & Demand Chain Executive , a new Global Market Insights Inc.

3PL 55
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Consultancy UK).

article thumbnail

3PL vs 4PL: How to Know Which One is Right for You

GlobalTranz

These firms facilitate the movement of parts and materials from suppliers to manufacturers and finished products from manufacturers to distributors and retailers. Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”.

3PL 210
article thumbnail

Five Advanced Technologies That Are Revolutionizing Logistics

Logistics Viewpoints

For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. billion in 2020 to $15.79

article thumbnail

Logistics Bureau Supply Chain and Logistics News Roundup, July 2022

Logistics Bureau

Supply challenges arising from the war will hit many industries, with electronics being a prime example, since Russia and Ukraine are both sources of materials such as palladium and neon , vital for the manufacture of semiconductors. So acute is the shortage of warehouse space that some companies are not merely stockpiling inventory.

article thumbnail

This Week in Logistics News (March 16 – 22)

Logistics Viewpoints

could design and manufacture the advanced computer chips that power everything from lawnmowers to supercomputers on its own soil, instead of having to outsource production to Asia. The $2,500 spread between spot market rates and long-term freight contract rates for Asia to U.S. And now on to this week’s logistics news. Intel wins $19.5