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Global Cold Chain Outlook: Cold Is Hot
The global cold chain market is a bright spot in the perishables business landscape. It was valued at $253 billion in 2021, and is projected to reach $437 billion by 2028, at a CAGR of 8.1%, according to a SkyQuest Technology Consulting report.
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Top 5 Supply Chain Disruptions
New data from Resilinc highlights the top drivers of supply chain disruptions for the first half of 2022. From January through June, Resilinc’s EventWatchAI platform alerted its customers to an astounding 7,929 potential supply chain disruptions (a 46% YoY increase) with the life sciences, healthcare, high-tech, and automotive industries being most impacted. The top five […]
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Consumers Go on an Online Spending Spree
Despite current worries about an economic downturn, consumers are still shopping—especially online. And retail logistics companies keep shipping products. As a result, the global retail logistics market is forecast to jump from $231 billion USD in 2021 to $622 billion USD by 2030. That computes to a 12% compound annual growth rate over that time. […]
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Warehouse Space: Can you find it?
Need warehouse space? It should be slightly easier to come by into 2023. A recent Prologis report focused on Q2 2022 activity and predictions for 2023 expects a small increase in vacancies. The reason: Demand will drop and supply chain movement will improve, which will get more products into the marketplace. Here are some key […]
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Supply Chains Out of Sync
There are some harsh words for the logistics and supply chain sector in the 33rd Annual State of Logistics Report, revealed recently at the National Press Club in Washington, D.C. U.S.-based supply chains are “out of sync,” caused by struggles to adjust to short-term changes, the report claims. The good news, though: the industry is […]
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Chemical Logistics Market Grows
$317.17 billion That’s the estimated size of the chemical logistics market by 2026, according to The Business Research Company’s Chemical Logistics Global Market Report 2022. The figure represents a compound annual growth rate (CAGR) of 3.9% over the next 5 years. For 2022, the chemical logistics market size will grow to $271.73 billion, up 7.9% from […]
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Do You Use KPIs Effectively?
Most businesses today collect data to set and track key performance indicators, or KPIs. Logistics companies are no different. And with the industry in turmoil these days from the pandemic and global economic stressors, KPIs may be more important than ever. But do supply chain executives truly understand and fully utilize the KPI numbers they […]
Read MoreFreight Is Fraught
The double-whammy of skyrocketing fuel prices and out-of-control inflation has put a hurt on the freight industry. So have flattening modal growth trajectories, seasonal factors, and softening demand. So says the new edition of the Cowen/AFS Freight Index, which provides predictive pricing tools for such sectors as less-than-truckload (LTL), truckload (TL), and parcel shipping (separately […]
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Higher Transport Rates on the Horizon
Fuel surcharges, market forces, and easing truckload growth rates are driving up parcel and LTL rates, says Cowen/AFS’s 2022 Freight Index.
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Consumers Want More Action on Sustainability
The 2022 Retail and Sustainability Survey from global business applications firm CGS illustrates the demand for sustainability, even at the cost of losing expedited shipping times.
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