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According to a report by Accenture, 83% of consumers prefer to buy from companies that are transparent about their supply chain practices, and 72% of consumers are willing to pay a premium for products that are ethically and sustainably sourced. Degree two: Remotely controlled ship with seafarers on board.
Shipping companies added capacity, but now containers are stuck in port. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. During the peak of port congestion in 2021, as many as 30 ships were waiting to enter an Oakland berth.
Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As
Increased ShippingCosts, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Increased Prices Resulting from Shortages and Supply Chain Issues.
Watch our on-demand webinar to discover how procurement can lead the way in ESG and decarbonization, and learn from experts about driving sustainability transformation across your supply chain. Explore how JAGGAER helps procurement teams stay ahead of regulatory pressure with end-to-end transparency. What is procurements role in CSRD?
Reported April 24 Over 60% of our business is from products that are manufactured, bagged, assembled or grown in the United States and only 12% of our business is direct imports. Recall, we purchased targeted additional inventory in late fiscal '25 and early fiscal '26, ahead of tariffs. Christopher J. from China.
The topic/report will be on the logistics M&A so far this year. The report will be available free for paid Substack subscribers but I’ll provide a summary and a link to the report in case you’re interested in either purchasing it separately or paying for an anuual subscribtion to my Substack articles.
A report also found that a fifth of the 2,000 largest publicly-listed companies in the world have pledged to pursue a net-zero strategy. Minister for Finance Lawrence Wong said in February that Singapore’s carbon tax rate will be revised from S$5 per tonne of carbon to $25 in 2024, $45 in 2026, before reaching $50 to $80 per tonne by 2030.
trillion by 2026, surpassing the current GDP of all European Union member states combined. BORIS – Buy Online Return In Store BORIS is another omnichannel fulfillment model where consumers can return their previously purchased online orders at nearby physical stores. How to Improve Fleet Utilization?
Network slicing allows cellular 5G networks to deliver dedicated virtual networks across a single physical infrastructure, reducing costs, segregating traffic and enabling delivery of quality of service metrics like latency, bandwidth and congestion management. Artificial Intelligence (AI) and Automation.
According to industry reports, over half of business leaders acknowledge the need for supply chain improvements, with 52% believing they could enhance their operations. According to a recent survey, 91% of manufacturers plan to “spice up” AI technology with supply chain data analytics by the end of 2024. billion by 2026.
Third wave supply-chain planning software will play the machine role in the human-machine collaboration, enabling the knowledge worker to manage large amounts of data, use advanced analytics, and automate processes and decisions across the enterprise and the wider value chain. Sorensen, D. Teichler, J.
Let’s look at the numbers for a moment: Statista predicts that global e-commerce sales will hit an astounding $8.1 trillion by 2026. Read also: Retailer guide to peak season shipping But there’s a catch. This is no small figure, and it inevitably means retailers must prepare to handle an influx of online orders.
Huge expansion of the NoLo spirits market The shift towards cleaner living has led to the huge expansion of the NoLo market, which is estimated to be growing year-on-year by around 17%, with UK supermarkets such as Tesco and Sainsbury’s reporting annual sales increases of around 100%.
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. Now, you may be wondering how this will affect the overall revenue of the freight and shipping industry.
Amazon has virtually created consumer demand for 1- to 2-day shipping, and they’ve learned the most cost effective and efficient way to deliver: inventory distribution. Next-day air is a hail-Mary kind of move when it comes to fast shipping, as it’s very expensive and carbon-intensive. Why It Works.
A Pitney Bowes study forecasts ecommerce shipments to double by 2026 and that 90% of US consumers expect free two-to-three-day shipping. However, it took a pandemic to 'discover' the last mile as many providers failed to deliver on time, and shippingcosts increased. Where's my package?
With last-mile delivery costs contributing to more than 50% of total shippingcosts, the rising expectations in home delivery increases the risk of encountering inefficiencies. Billion by 2026, growing at a CAGR of 9.28% from 2019 to 2026. Global Last Mile Delivery Software Market was valued at USD 5.38
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. Companies strive to balance transportation costs with the costs of real estate and labor. of consumers surveyed cited speed as the most important factor related to shipping, and 28.6%
Both sectors are also predicting a downturn as we approach 2026. While we can’t isolate the coffee industry in New Zealand, Euromonitor reports that Covid-19 and lockdowns drove greater demand for coffee, especially fresh ground coffee pods. From grower to customer, there are many costs in the coffee supply chain.
ERPs bring together planning, purchasing, finance, inventory, human resources and many other aspects of your business. Billion by 2026. ERP software integrates the many aspects of supply chain operations into a single foundation. The ERP software market is set to generate $78.4
Consumers no longer wish to choose between online ordering/home delivery and purchasing in-store. Now they want to choose from any combination of ways to purchase and receive the goods they want. While talking technology, retail companies will need plenty of it to meet the challenge of last mile distribution in 2026 and beyond.
Zendesk reports that a single bad experience is enough to lose 50% of a brand’s customers. 3 different subscription models in ecommerce. Here are the most common subscription models used in ecommerce. If you know your average monthly rate of subscriber churn, you can also predict revenue more precisely.
Zendesk reports that a single bad experience is enough to lose 50% of a brand’s customers. 3 different subscription models in ecommerce. Here are the most common subscription models used in ecommerce. If you know your average monthly rate of subscriber churn, you can also predict revenue more precisely.
The survey conducted by MetaPack highlights that more than 90% of customers consider delivery a crucial factor when making online purchases. As a result, the balance of control has shifted, with sales being determined primarily by the quality of the customer experience.
ERPs bring together planning, purchasing, finance, inventory, human resources and many other aspects of your business. Billion by 2026. ERP software integrates the many aspects of supply chain operations into a single foundation. The ERP software market is set to generate $78.4
This combination resulted in higher shippingcosts for retailers. Higher shippingcosts carried over into January 2021 as remaining delayed holiday parcels were delivered, holiday returns were processed, and annual rate increases, including higher surcharges from last-mile carriers, took effect.
This modern business model functions as the online solution to making retail, manufacturing, wholesale, and service-based sales. And it’s making strides: experts estimate that global eCommerce sales will reach $8 trillion (USD) by 2026. Services: Professional services that may be purchased over the internet.
With 2025 tariffs increasing component costs, Apple has accelerated efforts to diversify its supply chain. The company reportedly plans to shift 15% to 20% of its production to India and Vietnam by 2026, reducing exposure to U.S.China tariffs. Walmart reported a 5% rise in logistics costs due to longer shipping routes.
China retaliates against EU ban with import restrictions on medical devices China's finance ministry said on Sunday it was restricting government purchases of medical devices from the European Union that exceed 45 million yuan ($6.3 million) in value, in retaliation to Brussels' own curbs last month.
To encourage China to eliminate its unfair trade practices regarding technology transfer, intellectual property, and innovation, the President is directing increases in tariffs across strategic sectors such as steel and aluminum, semiconductors, electric vehicles, batteries, critical minerals, solar cells, ship-to-shore cranes, and medical products.”
But according to a report on the data, US birth rates rose only for one demographic: Hispanic women. births per 1,000 women in 2023 was the lowest ever recorded since data collection began in 1909, according to the CDC report. Here, my choices for the top or most interesting stories by month in the first half of the 2025: Gilmore Says.
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