Transportation TIP List: Week of March 3rd, 2019

Transplace

Transportation TIP List: Week of March 3 rd , 2019. Likewise, this week’s TIP List has a particularly bright outlook; including news on the growing freight business and the projected increase to the size of the global supply chain analytics market. Supply Chain Analytics Market Will Be Worth $10.7 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

Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. Autonomous – third wave – integrated supply-planning software will serve to enhance planning cycles.

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

The (Potential) Value of Labeling in the Lithium Ion Battery Supply Chain

The UCLA Anderson Global Supply Chain Blog

Correspondingly, demand for lithium-ion batteries has also increased and is expected to continue increasing – the lithium-ion battery market is thought to have a CAGR of 14%, with the transport sector accounting for 60% of the market by 2025. [1] 1] Electric vehicle driven demand for lithium-ion battery raw materials such as cobalt and copper is expected to increase 10x by 2026. [2]. Hence, there is significant value in the supply chain for batteries waiting to be unlocked. .

Congo 60

Transportation Innovation 2018

EFT

A lively discussion followed regarding how the technologies will affect the transportation and warehousing industries. As the labor supply drops, wages will go up. Material handling and logistics forecasts that as soon as 2026 90% of new vehicles will be autonomous. Tompkins International (Tompkins) recently led a two-hour workshop on logistics technology innovations. One of the key topics Tompkins presented was an update on developments of self-driving technologies.

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

Logistics Bureau

Retailers have little choice but to respond, often without the luxury of breathing space in which to reimagine or repurpose their supply chain networks. There will be no such thing as a one-size-fits-all model for retail supply chains. For that very reason, innovation will be a constant quest for retail supply chain owners over the next decade or so, with three primary areas of focus likely to be: Multi/Omni-channel supply.

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

Workers are so scarce that, in many parts of the country, low-skill jobs are being handed out to pretty much anyone willing to take them – and high-skilled workers are in even shorter supply.”. It removes age restrictions on interstate transportation by licensed commercial drivers and strengthens safety-training standards across the industry. The American Trucking Association expect a shortage of roughly 70,000 truck drivers in 2019, which will increase to 175,000 by 2026.

DC 40

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology. trucks transport 63 percent of ALL the goods that go to Canada and Mexico. truck drivers transportation freight trucking

Why Walmart is Paying Truckers Almost $90,000 a Year

Shipchain

As a supply chain manager, without a means to get a product from Point A to Point B, your hands are tied. With the increased popularity of online shopping, an influx of truckers is needed as shippers start using different over the road modes of transportation and service types. 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.

Study 48

Trucking Companies Are (Finally) Recruiting More Women

Elementum

In light of this shortage, pressure has been mounting on carriers to reach out to untapped workforce pools in order to close the gap and keep supply chains moving. If the trend continues, the ATA predicts the industry could fall short by 174,000 drivers by 2026. They’ve since been struggling to meet increasing demand for freight transport. Over 70 percent of consumer goods rely on transportation via highways to reach store shelves.

Why the Great Driver Shortage Is Now Top of Mind for Shippers & a Driver of a Capacity Crunch

Cerasis

At the same time, carriers have turned to leaner operations to keep costs down, and the transportation industry is ready to implode with a capacity crunch that lasts well into 2018 and may only get worse from there. In fact, the truck driver shortage is expected to double to 100,000 in the next five years, but other industry experts, reports Iris Kuo of Trucks.com , suggest actual worsening could be as high as 200,000 unfilled positions by 2026.

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. The pivot point has moved from production to customer delivery, and the primary constraint has moved from manufacturing to transportation. This shift is hard to handle because the CPG industry spends at least 5% of revenue on transportation.

Collaborative Logistics’ Role in the Emergence of the Physical Internet

Material Handling and Logistics

It may seem impossible today, but the physical Internet could be embedded into freight supply chains by 2050. Indeed, it will not only optimize entire supply chain ecosystems but also reshape and reengineer them. Zach Zacharia , an associate professor of supply chain management at Lehigh University, is part of a team developing a handbook on the physical Internet. It is simply not suited to the multidimensional supply chain landscapes of tomorrow. .

Where Have The Drivers Gone?

AFFLINK

The most immediate impact of the truck driver shortage (beyond the shortage itself) has to do with its effect on supply chains everywhere. Those "things" need to be transported via truck, yet the industry lacks the capacity to do so. Not only does this exacerbate the shortage as there are fewer drivers hauling larger amounts of freight, but it also leads to massive supply chain issues like product shortages, extended delivery delays, and (ultimately) higher prices.

3 ways retail warehousing impacts profitability

6 River Systems

The COVID-19 pandemic has interrupted global supply chains and caused massive shifts in demand across product categories. 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.

The Future Is Now for Logistics

Material Handling and Logistics

the supply chain. The Council of Supply Chain Management Professionals' annual State of Logistics report attempts to offer just such a map -- accompanied by some timely warnings. Kearney and sponsored by Penske Logistics for CSCMP, vividly depicts a supply chain struggling under the twin demands of constrained capacity and the need for significant technological investment to help service providers and their customers keep up with soaring growth.

A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

Interested in understanding how supply chain transparency could benefit your business? It is forecasted that by 2026, demand will mainly be linked to the rise in clean energy technology, in particular for neodymium-iron-boron (NdFeB) magnets –– critical components for electric and hybrid vehicles as well as wind turbines. Since the 1990s, China has supplied the lion’s share of the world’s demand for REEs. Illegal mining and opaque value chains.