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

The Growing Reliance on Traceability in Manufacturing Supply Chains

IQMS

Acumen Research & Consulting, an advisory firm specializing in industry and vertical market research, predicts global demand for manufacturing traceability, including track and trace software , will soar through 2026. by 2026, achieving an 18% Compound Annual Growth Rate (CAGR).

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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.

3PL 62

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

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.

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. This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management, and quality maintenance. Most often this is related to the inventory management function which directly helps monitor inventory levels and therefore controls potential stock out issues.

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. This is done to meet the strategic objectives of enabling product innovation, operations cost reduction, regulatory compliance, inventory management, and quality maintenance. Most often this is related to the inventory management function which directly helps monitor inventory levels and therefore controls potential stock out issues.

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

The E-commerce market in India is also set to grow at a CAGR of 30% for gross merchandise value to reach $200 bn by 2026 and have a market penetration of 12% compared to 2% currently. Keeping track of every order and shipment, inventory etc is not an easy task. The operations in warehouse are mainly receiving, putaway, zone/ location transfer, inventory management, picking, packing, manifesting and handover.

Top 13 Asian eCommerce Marketplaces

Vinculum

billion in 2017 to $200 billion by 2026. Operating in over 200 countries with more than 100 million products in its inventory, the Jack Ma-founded giants help wholesalers in China connect with 200-odd businesses around the world. Lazada’s product inventory ranges from consumer electronics and household goods to fashion and beauty products. An exploding population has its benefits too as China has proven repeatedly over the years.

Understanding Product Information Management

Vinculum

The PIM market is in the middle of witnessing a significant rise in its business, especially dominated by the software industry and is expected to keep growing till 2026. Inventory & Order Management Omnichannel Experience Brands Multi-brand Retailers 3PLs Sellers Industry Insights Omnichannel PIMCompanies that deal with their products on platforms like Excel relinquish a lot of time, quality data and productivity by opting to manage their product information in this way.

Tools 40

The Future Is Now for Logistics

Material Handling and Logistics

If things don't change, and we continue up this progression, by 2026, we will be at 170,000 drivers short. Whether the cause is e-commerce growth, the tight labor market, or changing distribution models, inventories and carrying costs are rising. To move goods closer to end customers, companies are adding safety stocks, expanding overflow capacity and increasing inventories. Previously, taking inventory in that facility took two weeks; using drones, that shrunk to two hours.

Your Roadmap to the Decade of Supply Chain

Requis

Year 2: ensure asset and inventory accuracy. While supply chain managers will still need to use their experience and judgement in deciding whether or not to act on recommendations, we think that by 2026 tools like this will be usable. We believe that the 2020’s will truly become the Decade of Supply Chain. This will be the decade that supply chain managers will achieve the visibility they deserve within their organizations.

How To Find CBD Payment Processing Services [+ CBD Credit Card Processors for Ecommerce Shops]

ShipBob

million by 2026, growing at a 58% CAGR between 2019 and 2026. You’ll have enough on your plate dealing with customer inquiries and introducing new CBD products to your ecommerce inventory — don’t risk the chances of having to deal with discrepancies, too. CBD is arguably one of the fastest-growing markets ever to come out of the woodwork — or, to be specific — soil.