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

Cerasis

Freight Transportation Forecast to 2026. This report, available for purchase here , poised some significant implications for the shipping, and by direct correlation, the logistics industry. 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. On July 27, 2015, the American Trucking Association s released the U.S.

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?

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Collaborative Logistics’ Role in the Emergence of the Physical Internet

Material Handling and Logistics

He says, “I believe that collaborative logistics platforms demonstrate and validate the need for the physical Internet. The Alliance for Logistics Integration through Collaboration in Europe (ALICE), a platform funded by the European Community, shares this view. Key infrastructure such as “fully operating open logistics networks,” however, won’t be fully functional until at least the 2040s. I can only make an educated guess about the logistics landscape of tomorrow.

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

Turvo

Prior to the onset of the pandemic, the value of a third-party logistics provider (3PL) was increasing. report found that the global 3PL market would surpass $1,800 billion by 2026. With that in mind, it’s not always clear when to use a 3PL and its logistics technology or not.

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What Are the White Glove Options to Pick in Final Mile?

Cerasis

Accounts of e-commerce growth permeate the Internet, and some expect more than 100 million parcels to be delivered daily by 2026. Unfortunately, as explained by Logistics Management, many retailers still struggle with providing the capacity and technology to secure white glove options for their customers. E-commerce is an industrial atomic bomb.

The Future Is Now for Logistics

Material Handling and Logistics

Given the swiftly changing logistics environment, those who navigate the new world we live in need a roadmap to guide their actions. The Council of Supply Chain Management Professionals' annual State of Logistics report attempts to offer just such a map -- accompanied by some timely warnings. The high demand for logistics services took some by surprise, including the researchers. Overall, total spending on logistics rose to a record of nearly $1.5

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% Managing a Supply Chain in Uncertain Times : No one knows what the future holds for the logistics industry. Transportation TIP List: Week of March 3 rd , 2019.

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.

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. Now, trucking and logistics companies are trying to recruit more women to overcome growing driver shortages. Logistics truck drivers transportation womenThe American Trucking Association estimates that trucking companies are short by as much as 45,000 drivers.

Changing the Laws of Logistics

GTG Technology Group

Trucking industry experts predict that by 2026, the current shortage of about 60,000 drivers will triple unless something changes. The post Changing the Laws of Logistics appeared first on GTG Technology Group. Industry News drive safe drive-safe act gtg technology group logistics management safety technology TRUCKERS trucking industryThe DRIVE-Safe Act: What You Need to Know. In March 2018 lawmakers proposed HR5358 , known as the DRIVE-Safe Act, to Congress.

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. For the past several years he has been focused exclusively on research and prototyping of innovative / emerging new solutions for the supply chain and the logistics industry. The post Why Taxing Automation is a Bad Idea appeared first on Talking Logistics with Adrian Gonzalez.

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

The shortage of workers has hit the trucking and logistics industry particularly hard. The American Trucking Association expect a shortage of roughly 70,000 truck drivers in 2019, which will increase to 175,000 by 2026. Articles Current Trends in Production Labor Sourcing Director's Blog Emerging Issues in Supply Chain Hot Topics Logistics Outsourcing Production Labor Sourcing SCM Research Transportation Planning Warehouse management

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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. Blockchain Industry Logistics Shipping Supply Chain TruckingNear 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.

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Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Today, trucking, shipping, air shipping, and other logistics services are all experiencing disruption: As consumer expectations evolve, businesses are constantly pressured to deliver high-quality goods in the shortest amount of time. 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.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Today, trucking, shipping, air shipping, and other logistics services are all experiencing disruption: As consumer expectations evolve, businesses are constantly pressured to deliver high-quality goods in the shortest amount of time. 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.

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). Consider how you can implement reverse logistics into your existing supply chain. Reverse logistics is a circular view of sustainability that spans the entire product lifecycle. It manages the return flow of goods and materials back to the manufacturer or the logistics network for correct disposal.

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). Consider how you can implement reverse logistics into your existing supply chain. Reverse logistics is a circular view of sustainability that spans the entire product lifecycle. It manages the return flow of goods and materials back to the manufacturer or the logistics network for correct disposal.

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. appeared first on Talking Logistics with Adrian Gonzalez. 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.

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. Limited available warehouse space poses challenges At the same time, the available warehouse space for the logistics sector is tight, with just 7.3% Logistics spaces located in more suburban areas often offer lower rental rates and labor costs, but higher transportation costs.

Truck Driver Shortage: Getting Better, Worse, or No Problem at All?

Talking Logistics

In the report, ATA projects the shortage to reach 50,000 by the end of 2017 and if current trends hold the shortage could grow to more than 174,000 by 2026. Watch our November 2014 Talking Logistics episode, The Benefits and Challenges of Attracting More Women to Trucking. appeared first on Talking Logistics with Adrian Gonzalez. This past October, the American Trucking Associations warned that the trucking industry could be short 50,000 drivers by the end of 2017.

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. After the Great Recession, retailers and manufacturers could negotiate substantially lower freight rates with carriers and logistics providers. Of course, this strategy has been around for some time, so shippers must think outside of the box and use new technologies to make it more effective, says Tom Heine of Inbound Logistics.

Tectonic Shift: From Audits/Compliance to Due-diligence & Collaboration: Recap of the Forum on UK Modern Slavery

EcoVadis

The Institute for Human Rights in Business ihrb.org has set a goal to eradicate worker fees by 2026, through the “employer pays” initiative. Other retailers see their largest risks in Logistics, and said they were in a transition phase from audits to a human rights due-diligence approach, with a focus on implementing grievance mechanisms.

Transportation Innovation 2018

EFT

Tompkins International (Tompkins) recently led a two-hour workshop on logistics technology innovations. Automated Guided Vehicles (AGV) are fairly common in the logistics industry. Tompkins believes the next wave of progress in logistics automation will be in final-mile delivery. Material handling and logistics forecasts that as soon as 2026 90% of new vehicles will be autonomous.

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. billion since 2017 and the inflow is likely to reach $7 billion by 2021 on robust demand for logistics space by e-commerce companies. Warehousing is critical in movement of goods from manufacturer to the end customer.

The Future of Retail Supply Chain: What’s in Store?

Logistics Bureau

However retailers meet the logistics demands of the future, they can expect to factor in the costs incurred by their choices, as consumers will be unlikely to pay for shipping. While talking technology, retail companies will need plenty of it to meet the challenge of last mile distribution in 2026 and beyond. The world of retail has never seen the degree of change that’s being experienced today.

Hemp Hauling: A Whole New Adventure

Freight Center

One of the joys of working in logistics is partnering with businesses across a variety of fascinating industries. billion by 2026 and strong hemp growing seasons ahead, there’s plenty of hemp that’ll need to get from point A to point B. There are all kinds of fun cargo in niche markets that needs to get hauled. Industrial hemp has all the ingredients of an oddball, polarizing and intriguing product which needs its place on the highways.

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Shipping Hemp: Putting the “High” in Highway

Freight Center

One of the joys of working in logistics is partnering with businesses across a variety of fascinating industries. billion by 2026 and strong hemp growing seasons ahead, there’s plenty of hemp that’ll need to get from point A to point B. There are all kinds of fun cargo in niche markets that needs to get hauled. Industrial hemp has all the ingredients of an oddball, polarizing and intriguing product which needs its place on the highways.

Amazon vs. Flipkart: The Race to Dominate Indian E-Commerce

Elementum

the Indian e-commerce market is estimated to reach $200 billion by 2026. Amazon, on the other hand, has relied less on acquisitions and more on strategic partnerships with local logistics companies to bolster business. Indian e-commerce company Flipkart is in fierce rivalry with Amazon over the country's online retail market. Both have unique advantages, but the true test will be which company can best tailor its offerings to the Indian consumer’s palate.

Amazon vs. Flipkart: The Race to Dominate Indian E-Commerce

Elementum

the Indian e-commerce market is estimated to reach $200 billion by 2026. Amazon, on the other hand, has relied less on acquisitions and more on strategic partnerships with local logistics companies to bolster business. Indian e-commerce company Flipkart is in fierce rivalry with Amazon over the country's online retail market. Both have unique advantages, but the true test will be which company can best tailor its offerings to the Indian consumer’s palate.

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