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The Electric Power Supply Chain
At the ARC Industry Leadership Forum in February, I had the opportunity to sit down with Rick Rys, Director of Consulting at ARC Advisory Group, to discuss the electric power supply chain. I asked Rick to give some deeper insights on a few key points. First, what are the overall supply chain issues make power greener? Second, what are the driving forces for this transition to renewable and how quickly is it happening? Third, what is the role of nuclear power in the future? And finally, how can t -
2032 Airport Ground and Cargo Handling Services Market Revelations | Guiding the Way to Future Triumphs
The global airport ground and cargo handling services market size was valued at USD 35.4 billion in 2023 and is likely to reach USD 87.7 billion by 2031, expanding at a CAGR of 10.8% during 2023 – 2031. -
Medline is the Largest User of the AutoStore Robotics Solution in the World
AutoStore in action at a Medline Distribution Center
AutoStore has a lot of buzz surrounding it. This public company (OSE:AUTO) headquartered in Norway achieved revenues of nearly $650 million in less than 20 years. The company continued to grow during COVID even as the industry shrank. And their revenues don’t include services – they work through system integration partners.
Medline was the first company in the United States to adopt the AutoStore robotic order fulfillment solution -
Labor Shortages in Supply Chain & Logistics: They’re Not Subsiding
With economies cooling and COVID more manageable, the general thinking has been that companies would see the workforce shortages of the past few years subside; however, this does not appear to be the case. Post-pandemic, organizations are still struggling with labor shortages, as well as knowledge workers and the leaders they need to thrive.
In late 2023, we conducted a survey of 1,000 supply chain and logistics decision-makers across North America and Europe across three sectors: manufacturing, -
The 2032 Chemical Transportation Market | A New Frontier for Strategic Market Victory
The global chemical transportation market size was USD 262.7 Billion in 2022 and is likely to reach USD 361.2 Billion by 2031, expanding at a CAGR of 4.3% during 2023–2031. -
Achieving Grid Reliability with Renewables
The energy transition is driven by the goal to decarbonize the energy used for transportation, buildings, and industry. Lacking a low-cost way of removing greenhouse gases from the air, the solution is to electrify as much as possible with clean power. In 1990, coal accounted for 54.6 percent of the total electricity generated in the US. This number steadily decreased over the years, to less than 17 percent in 2023. While the electric grid decarbonization has already made progress, the proportio -
Infor Nexus is Taking an Interesting Approach to Generative AI
IBM’s Institute for Business Value found that 75% of CEOs believe generative AI will be key to competitive advantage. However, in the supply chain realm, despite the rhetoric, the current use cases for generative AI are limited. At supply chain and enterprise application conferences, software companies have talked about using generative AI to create user manuals. That is not exactly a game changer. They have also talked about the use of generative AI to improve supply chain system us -
This Week n Logistics News (February 24 – March 1)
Yesterday was February 29th, meaning that 2024 is a Leap Year and yesterday was Leap Day. Leap years exist because while the world follows a 365-day Gregorian calendar, it actually takes Earth 365 days, 5 hours, 48 minutes and 46 seconds to orbit the sun, according to NASA. While that is rounded down to the 365 days we recognize as a typical year, those nearly six extra hours do not disappear. Instead, leap years are added to account for the difference. The extra day keeps calendars and seasons -
Companies Cannot Transform Through AI Alone
UPS dominated business and trade headlines for a day in late January when the world’s largest package delivery company announced plans to cut 12,000 full- and part-time management jobs as part of a new initiative called “Fit to Serve.”
What stood out even more was the “subhead” of UPS’ announcement. As reported by The Wall Street Journal, “Those jobs weren’t likely to return even when business picks up,” UPS said, adding that the reductions a -
The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts
Cooper University Health Care Relies Upon Real-time Alerts to Improve Operations
Cooper University Health Care, like most companies, struggled with their supply chain during COVID. Cooper successfully coped with the crisis, but the high costs they had to pay for critical supplies and the late nights searching for those supplies convinced the organization that there had to be a better way. The company bought a risk solution that provides real-time alerts to potential supply disruptions. Cooper us -
This Week in Supply Chain News (February 19 – 23)
This Monday was President’s Day. President Biden’s Oval Office has both a portrait and a bust of Abraham Lincoln. But his family’s connection to the 16th president extends back to the Civil War. On March 21, 1864, an ancestor of Biden got in a knife fight with another man in a Union military encampment. Biden’s great-great-grandfather was charged with attempted murder and incarcerated for a term of two years of hard labor on a remote island near modern-day Florida. Three -
Vietnam Cold Chain Logistics Market is Booming with a CAGR of 10.89% During 2024-2032
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. The report has categorized the market based on type and end user. -
Open Sky Kaleidoscope: Connecting the Dots
A few weeks ago, I sat down to speak with Mike Noble, SVP of Technology and Jonathan Mitchell, Director of Software Services at Open Sky Group. In this conversation, we discussed seeing your supply chain through a new lens, and how this can help to achieve improved visibility.
Specifically, I asked Mile and Jonathan to give me some background on Open Sky Group, as well as a rundown of the Kaleidoscope platform, and the different components that link the end to end supply chain. Below are some of -
Nigeria Online Food Delivery Market 2024-2032, Size, Share, Growth, Report, and Forecast | IMARC Group
The market in Nigeria is majorly driven by the increasing demand for convenient dining solutions. In line with this, rapid urbanization and hectic lifestyles of the individuals are positively influencing the market. -
United States Car Rental Market 2024-2032, Size, Share, Growth, Report, and Forecast | IMARC Group
Changing consumer preferences, strong disposable income levels, rising technological integration, fleet diversity and upgrades, an increasing number of business and corporate travel, and expanding travel and tourism industry represent some of the key factors driving the market. -
Saudi Arabia Logistics Automation Market 2024: Share, Industry Size, Top Companies, Revenue & Forecast Report by 2032
The growing focus of organizations on reducing the workforce required for labor-intensive tasks, such as sorting, weighing, barcoding, counting, picking, and packing, is primarily driving the market growth across the country. -
Resilience by Design: The Power of Simulation in Supply Chain Strategy
Supply chain network design (SCND) is a powerful tool for improving business operations. Optimization and simulation are the two main branches of SCND.
Optimization accounts for over 90% of all work that is being done by SCND teams. It can be used to solve a wide variety of supply chain problems. But it has gaps. Simulation techniques can fill those gaps and allow for a more holistic view of a company’s supply chain. This article describes how to incorporate simulation techniques into opti -
Key Trends Shaping the Mexico Healthcare Cold Chain Logistics Market 2024-2032
The Mexico healthcare cold chain logistics market is witnessing significant growth, driven by a confluence of numerous key drivers. -
Warehousing and Storage Market 2024: A Valuation of US$ 700.2 Billion Predicted by 2032 | IMARC Group
The explosive growth of e-commerce is a major driver for the warehousing and storage marke -
20 Years of Outsourcing Come Back to Haunt Boeing
Alaska Airlines Door Blows Out in Flight
For 20 years, Boeing has engaged in collaborative product development with a significant number of suppliers. The outsourced R&D, in turn, supported outsourced manufacturing with over 50 key suppliers. These suppliers, in turn, outsourced various parts of the modules they produced to their suppliers. Historically, Boeing was vertically integrated – the great majority of product development was done in-house. Boeing is now a case study in how not -
Key Trends Shaping Mexico's Freight and Logistics Market Outlook 2024-2032
The freight and logistics market in Mexico is intricately intertwined with regional economic dynamics. Firstly, the rapid growth of e-commerce has emerged as a pivotal driver, propelling an unprecedented surge in demand for efficient transportation and distribution networks. -
Indonesia Logistics Market To Set Massive CAGR of 5.04% During 2024-2032
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2024-2032. The report has categorized the market based on model type, transportation mode, and end use. -
MENA Logistics Market is Exhibited to Growth Rate (CAGR) 5.09% During 2024-2032
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. The report has categorized the market based on model type, transportation mode, and end use. -
2024: Planning for Success Amid the Uncertainty
It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Typically, we make it at least one month into the new year before we have to revise our plans. However, it’s only early February 2024, and we already have several major disruptions impacting supply chains. As Alan Amling at the University of Tennessee put it, “2024 is riddled with uncertainty.”
Supply chain professionals are facing disruptions on multiple fron -
Emerging Trends in the Mexico Healthcare Cold Chain Logistics Market 2024-2032
The Mexico healthcare cold chain logistics market is witnessing significant growth, driven by a confluence of numerous key drivers. -
United States Business Travel Market Size Worth US$ 484.1 Billion by 2032 | CAGR: 8.82%: IMARC Group
IMARC Group provides an analysis of the key trends in each segment of the United States business travel market report, along with forecasts at the country and regional levels from 2024-2032. The report has categorized the market based on type, purpose type, expenditure, age group, service type, travel type and end user. -
Chile Food Delivery Market to See Striking Growth by 2032
The increasing consumer preference for multi-ethnic cuisines, which are readily available through various applications, is catalyzing the market. -
Vietnam Railroad Market 2024 | Size, Share, Development, Trends, Demand & Forecast 2032
Vietnam railroad market size is projected to exhibit a growth rate (CAGR) of 4.90% during 2024-2032. -
5G Holds Great Promise Across the Supply Chain, but Challenges Remain
5G promises high bandwidth, low latency, and massive IoT device connectivity. For industry, the ability to better connect machines, objects, and devices is what is driving excitement for this technology. Patrick Arnold, a research analyst at ARC Advisory Group, says that suppliers of industrial solutions are responding by investing in new product design and incorporating 5G into their portfolios.
“5G” is the 5th generation mobile network. It is based on a new global wireless standard -
Courier, Express and Parcel (CEP) Market Size, Industry Overview, Key Players, Opportunity and Forecast 2024-2032
Our report has categorized the market based on service type, destination, type and end-use sector. -
4 Ways to Enhance Warehouse Efficiency with Prescriptive and Predictive Analytics
In today’s fast-paced and competitive business landscape, optimizing warehouse operations is crucial for achieving operational efficiency. Predictive and prescriptive analytics have emerged as valuable tools that enable warehouse operations managers to streamline processes, minimize costs, and enhance productivity. While predictive analytics seeks to answer questions such as “what might happen in the future,” prescriptive analytics goes beyond by recommending the best course of -
Brazil Logistics Market Share, Size, Growth, Latest Updates & Forecast Report 2024-2032
The country's role in global production networks, the rising foreign direct investment, the growing customs reforms, the focus on sustainable practices and environmentally friendly logistics solutions, and the rapid urbanization are some of the factors propelling the market. -
Energy Transition in Supply Chain
Supply chain sustainability has become a very hot topic, but for a lot of people, there is uncertainty around its meaning. Now, more than ever, companies and countries are looking at their overall carbon footprint and trying to establish a path to be more environmentally friendly. A few ways companies can begin to offset their carbon footprint is to take a deeper look at product packaging, energy efficiency, alternative fuels, route optimization, and returns and recycling programs. However, sust -
Natural Gas Prices: Latest Price, News, Market Analysis, Historical & Forecast, Database, Chart
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Natural gas price in its latest pricing dashboard. -
Dropshipping Market 2024: Analysis, Top Companies, Size, Share, Demand and Opportunity To 2032
Dropshipping refers to a retail fulfillment method wherein a store does not keep the products it sells in stock. It allows retailers to focus on marketing, customer service, and sales without the burden of managing a physical inventory. -
Walmart Lowers their Shipping Requirements, but their Suppliers Still Struggle
Walmart is reducing its requirements that suppliers’ shipments to them arrive on-time in-full. Since September of 2020, 98% has been Walmart’s OTIF requirement. Beginning on February 1st, the new OTIF targets became 90% for on-time and 95% for in-full. This was announced on the Retail Link portal for suppliers on January 30th.
Walmart’s On-Time In-Full initiative is a compliance measure designed to ensure that freight arrives at a Walmart store or distribution center when it w -
UAE Logistics Market to Grow at over 6.2% CAGR until 2028
The UAE's strategic location at the crossroads of Europe, Asia, and Africa has played a pivotal role in the growth of its logistics industry. With world-class infrastructure, including modern ports, airports, and extensive road networks, the country has become a hub for global trade. -
Autonomous Last Mile Delivery Market Size to Surpass US$ 47.8 Billion by 2028 | Exhibiting CAGR of 21.2%
The widespread adoption of autonomous last mile delivery solutions across various industrial verticals can be attributed to the increasing need for efficient delivery solutions to ensure a faster supply of products amongst consumers. -
Stringent Reporting Regulations Require Data Integrity
As regulations across the globe strengthen, the pressure to collect, report, and organize emission-related metrics has never been higher. This added responsibility for companies will have lasting effects on business operations, corporate partnerships, supply chain logistics, compliance requirements, and data integrity.
Structure Your Data for Seamless Reporting
Most reporting statutes already require or will require companies to provide data for their Scope 1 through 3 emissions. Regulations req -
The Year of the Brownfield Warehouse
David Latona, CEO of Tompkins Solutions
Greenfield construction occurs when a company builds its own, brand-new facilities from the ground up. Brownfield investment happens when companies invest to improve the performance of existing facilities.
Greenfield investments are much bigger capital expenditures. This form of investment allows the latest technology to be employed and for a facility to be built that meets all of a company’s current needs.
With brownfield investment, the layo -
Hyundai’s Green Revolution: Pioneering Hydrogen Technology and Innovation in Southeast Asia
At the Consumer Electronics Show (CES) 2024, companies including Hyundai, Nikola, and Bosch presented their most recent fuel cells and hydrogen technology innovations, indicating a potential comeback for this environmentally friendly energy choice. This resurgence might be influenced by the announcement of a $7 billion U.S. government initiative last year aimed at developing hydrogen infrastructure in the country.
Hydrogen is a key element in Hyundai’s blueprint for sustaina -
The US Leads the World in the Fight Against Slavery
Detainees listening to speeches in a camp in Lop County, Xinjiang, April 2017
All countries claim that they have outlawed slavery. But slavery still exists. Today we refer to slavery as “forced labor.” Forced labor can be imposed by State authorities, by private enterprises, or by individuals. It is observed in all types of economic activity and exists in every country. But a particularly pernicious form of slavery occurs in China.
The People’s Republic of China has arbitrarily -
GCC Outbound Travel and Tourism Market Outlook Report 2024 | Industry To Hit (CAGR) of 15.8% by 2032
Driven by the shifting individual preferences towards sustainable travel options, such as eco-friendly accommodations and low-impact activities, due to the increasing environmental consciousness among individuals -
Nine Key Steps to Enabling Resilient Supply Chains
Now more than ever, organizations must prepare their supply chain for the present and the unknown challenges and opportunities in the future. And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer.
Organizations must take the following steps to bring departments together to create truly resil -
Taxi Market Size is Estimated To Cross US$ 357.9 Billion by 2032, CAGR of 4.9% | IMARC Group
The global taxi market is majorly driven by the increasing urban population and congestion -
Japan Air Freight Market is Booming with a CAGR of 5.20% by 2032
Japan air freight market size is projected to exhibit a growth rate (CAGR) of 5.20% during 2024-2032. -
Christmas Tree Prices are Rising
Christmas tree prices are rising. This is to be expected, as everything gets more expensive every year. The big question is how much more expensive will my tree be this year, and why? The majority of experts agree that natural Christmas tree prices will be about 10 to 15 percent higher this year than last year.
For many families, the ongoing higher prices have made them at alternatives, such as artificial trees. Of the 94 million U.S. households that display a tree, the National Christmas Tree A -
The Warehouse Execution System: A New Competitive Imperative
In today’s fast-paced, hyper-competitive, omni-channel world, warehouses play a critical role in maximizing service and fulfilling the ambitious customer promises that are required today. Warehouses also represent an enormous cost center. Companies annually spend about $325 billion on warehousing — and 85% of that cost goes to operating expenses that include labor, space and equipment.
Optimizing warehouse operations for both service and profitability has never been more important, o -
Asia Pacific Aerostat Systems Market Size to Reach US$ 4,688 Million by 2028 at 12.8% CAGR
An aerostat system is a low-level airborne craft widely used to elevate light payloads. It is also used as a tactical airborne platform for cameras and communication equipment, scientific equipment, and radar systems. Consequently, aerostat systems are gaining traction in the Asia Pacific region. -
Japan Bus Market Expected to Rise at a CAGR of 1.24% during 2024-2032 | IMARC Group
The increasing advances in technology, such as electric propulsion systems, autonomous driving capabilities, and improved passenger amenities, that can drive innovation and growth in the bus industry, are primarily driving the market.
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