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The new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supplychain. As the year marches on, you can count on weekly updates here!
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
The global supplychain is undergoing a significant transformation, marked by tariffs, rising trade restrictions and evolving technologies. A digital twin is a virtual model that can replicate a supplychain. Let me find new routes, new supplychainsources, new ideas. billion in 2025 to $63.48
The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. That will be followed by tires in the same year, furniture in 2028, and mattresses in 2029.
Sometimes I just like to live on the edge, which is definitely a qualifying status for anyone bold enough to make predictions about the future of supplychain operations and management—but I just can’t help myself. It’s Mostly About Automation. Robots Run the Warehouse. Dark Distribution Centres.
I have no crystal ball, of course, but instead I will tap into my consulting experience, add a dash of research, and fire it all up with some imagination to try get a picture of how the supplychain environment may look in eight years’ time. By 2028, offshore production could all but be eradicated. Automation in Logistics.
How is the logistics and supplychain management industry evolving – and what developments do you need to consider? Read more: Supplychain management explained: methods in modern business 1. Read more: Supplychain management explained: methods in modern business 1. billion to $5.6 billion in 2021.
The global manufacturing sector has seen an upswing, a technological renaissance of sorts. The global cobot market size is estimated to be worth $866 million in 2022 and is forecasted to a readjusted size of $1682 million by 2028. Supplychain insourcing Supplychain disruption seems to be a permanent condition.
This means that further consideration will be required when the Strategy is next revised by the IMO in 2028. Taking a value chain perspective is critical to understanding decarbonisation enablers. Actors should consider inter-industry collaboration to decarbonize multiple intertwined chains.
SupplyChain Matters features our latest full edition of This Week in SupplyChain Management Tech , a compilation of funding, partnership and other noteworthy financial announcements related to supplychaintechnology providers. Our last full edition of this column was published on July 10.
trillion by 2028, clocking a 2.4% It’s high time retailers, e-commerce platforms, 3PLs, FMCGs, and other logistics players in the US turn to cutting-edge logistics software to tackle the hurdles of this burgeoning industry. But what exactly constitutes cutting-edge logistics software? triillion in 2022 to $1.6
In this regular edition of our featured column, SupplyChain Matters This Week in SupplyChain Management Technology , we provide a capsule synopsis of noteworthy supplychain management focused technology news which we believe would be of specific interest to our global-based multi-industry supplychain readership.
Plus HVAC equipment is also being adopted more and more by consumers due to technological innovations and climate change driving both affordability and demand respectively. While demand is growing, so too is supply – and with it, distributors. The HVAC industry is already highly competitive and is predicted to grow 13% through 2028.
The new technologies that are making renewables more viable. Despite the persistance of some strong fundamentals , 2020 may signal the true turning point in the shift to renewable sources for energy companies. The coronavirus pandemic has given the world a wake-up call about resiliency in supplychain.
Before today’s announcement, TSMC ’s prior plans were to invest $40 billion consisting of two facilities, one of which would include 4-nanometer process technology. Commerce Secretary Gina Raimondo that the global leader in semiconductor chip production will be producing cutting-edge 2-nanometer advanced chip technology in the U.S.
Logistics industry was experiencing capacity constraints, driver shortages, sudden upticks in e-commerce demand, new technologies, different fulfillment models , delays, port congestions, canal blockage etc. But now we have entered a new era of logistics that requires technological adoption and strategic execution.
The SupplyChain Matters blog provides our latest news capsule edition follow-up relative to updating our readers to prior industry supplychain management developments that we have shared on this blog. The move will reportedly increase existing hourly wage rates 25 percent by 2028.
Insect protein Insects are a highly nutritious, dense source of protein. But attitudes are shifting – evidence of insects’ nutritional value, alongside the efficiency and sustainability of farming them, is contributing to their rise in popularity as a food source. billion by 2028, as more consumers turn to vegetarian and vegan diets.
billion by 2028, growing at a compound annual growth rate (CAGR) of 6.5%. Your initial perspective on warehouse expenses might seem optimal, with efficient space utilization and potentially incorporating automation in management. That was perfect news for those who are still running a wholesale, distribution, or trading business today.
billion by 2028, growing at a compound annual growth rate (CAGR) of 6.5%. Your initial perspective on warehouse expenses might seem optimal, with efficient space utilization and potentially incorporating automation in management. That was perfect news for those who are still running a wholesale, distribution, or trading business today.
In this SupplyChain Matters commercial aircraft industry specific commentary, we focus on Airbus’s reported Q2-2024 and first-half financial and operational performance. For this industry’s supply network providers, it reflects lessons acquired in addressing and mitigating business and subsequent supplychain and production risks.
SupplyChain Matters highlights latest reports indicating that global parcel carrier FedEx is planning a major restructuring of ground and air last mile delivery networks. What FedEx is trying to achieve is no slam dunk and comes with its own set of unique operational, process and augmented technology challenges.
As the country begins to find its new normal in the wake of Covid-19, supplychain trends are becoming a regular headline. By now, most news sources have shared the areas of concern and delays with road and maritime transportation. Pharmaceutical companies are not in control of the supplychain trends.
Journalist Matt Reynolds explains, “The AI boom has left technology companies scrambling for low-carbon sources of energy to power their data centers. billion to restart the reactor by early 2028. ”[5] He adds, “It’s not hard to understand the appeal of using nuclear fusion as a source of energy.
SupplyChain Matters highlights recent announcements from two Advanced AI materials and production providers on plans for U.S. This facility will reportedly employ upwards of 650 engineering, technical and operational personnel by the end of 2028. manufacturing investment. Global Wafers $4 Billion U.S. production.
bookings for container transport from China to the United States spiked almost 300% in the wake of the United States and China pausing punishing tit-for-tat tariffs, container-tracking software provider Vizion said on Wednesday. China to US ocean cargo bookings surge after tariff pause, Vizion says U.S.
This weeks supplychain and logistics news highlights significant policy shifts, major corporate investments, and advancements in logistics technology. manufacturing, strengthening its pharmaceutical and medical device supplychains. manufacturing, strengthening its pharmaceutical and medical device supplychains.
This weeks supplychain and logistics news highlights significant policy shifts, major corporate investments, and advancements in logistics technology. manufacturing, strengthening its pharmaceutical and medical device supplychains. manufacturing, strengthening its pharmaceutical and medical device supplychains.
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