Remove 2026 Remove Innovation Remove Inventory Remove Transportation
article thumbnail

The Quietly Growing Conundrum of Online Returns

Logistics Viewpoints

As online shopping continues to grow – retail e-commerce sales are expected to make up nearly a quarter of total retail sales worldwide by 2026 – returns will become more prevalent. The process is inefficient and unpredictable, and leaves retailers with used inventory that oftentimes cannot be resold. In the U.S,

article thumbnail

Trends Transforming Logistics and Supply Chains In the MENA Region in 2023

The Logistics & Supply Chain Management Society

billion USD by 2026. Furthermore, using qualitative and quantitative forecasting to manage product inventory and distribution enables the wider operations of the business and results in improved customer experience. Investing in data analytics along with innovations in big data will have a significant impact on the business.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Running Seamless 3PL Operations in the Midst of Supply Chain Chaos

Turvo

trillion by 2026 due to the COVID-19 epidemic. Collaborative Transport Management Systems (CTMS), Warehouse Management Systems, freight monitoring, and customer service will help eliminate operational inefficiencies and delays and enhance ROI with the more innovative, reliable 3PL offering.

3PL 87
article thumbnail

Air Cargo is Gaining Momentum in 2023

American Global Logistics

Air cargo refers to the transportation of goods via an air carrier, which may be charter or commercial. This mode of transportation is vital for the fast delivery of goods worldwide. It transports everything from fresh produce to high-value electronics. billion in 2026. billion in 2023 to $81.15

Cargo 52
article thumbnail

The Biggest Manufacturing Industry Trends in 2022

Unleashed

According to this Deloitte report, transportation challenges are likely to continue through 2022 , and new strategies will need to be adopted to lessen the impact. Part of this will be considering better use of flexible work structures, more attractive remuneration packages, and more innovative processes and systems.

article thumbnail

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

GlobalTranz

They all involve a degree of outsourcing transportation functions, whether that’s supply chain cybersecurity management or white glove services , and technically, all 4PLs and 5PLs exist as 3PLs too. Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”.

3PL 210
article thumbnail

Key Trends and Themes for Supply Chain and Logistics in 2024

SCMDOJO

One interesting fact is that companies that adopt digital transformation and supply chain innovation can expect operational cost savings of up to 30%, according to a recent McKinsey study. As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts. billion by 2026.