Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

newsworthy

Digital logistics market set for 8.1 percent compound annual growth through 2022

Advanced technologies and communication tools improve supply chain efficiency, report says.

DC Velocity Staff
By DC Velocity StaffMar 23, 2017
DC Velocity Staff
See Full Bio

The market for global digital logistics is expected to see "massive demand" in the next five years, rising from revenues of $10.26 billion in 2016 to $16.36 billion by the end of 2022, a study released Wednesday says.

Defined as operations that use advanced technologies and communication, digital logistics can increase supply chain efficiency by allowing users to reduce operating costs and improve supply chain integration, according to the Dallas-based market research firm Orbis Research.

Practitioners create digital logistics systems by deploying technologies like radio frequency identification (RFID) tags, information integration, and electronic data interchange, allowing them to optimize costs, reduce inventories, and provide flexible operations.

Attracted by those benefits, customers are expected to drive steep demand for digital logistics—also known as smart logistics—at a pace of 8.1 percent compound annual growth rate (CAGR) during the forecast period of 2017 - 2022, Orbis said in its report, "Global Digital Logistics Market By Type of System, Services, Industry, Geography, Trends Forecast 2017-2022."

Vendors that are positioned to meet that hot demand include technology providers such as IBM Corp., Advantech Corp., Oracle Corp., DigiLogistics Technology Ltd., Hexaware Technologies Ltd., Samsung Electronics Co, Tech Mahindra Ltd., JDA Software Group Inc., UTi Worldwide Inc., and SAP AG, the report said.

Article
jda software groupsaphexaware technologiessamsungoracleibmadvantechtech mahindraorbis researchdigilogistics technologyuti worldwide
Article
jda software groupsaphexaware technologiessamsungoracleibmadvantechtech mahindraorbis researchdigilogistics technologyuti worldwide

The Latest

Webinar

Webcast: Optimize Automation Project Delivery

Deutsche Bahn to sell DB Schenker to DSV
Featured

Deutsche Bahn to sell DB Schenker to DSV

CEOs: Our supply chains have a resiliency problem
Article

CEOs: Our supply chains have a resiliency problem

More Stories

Image of earth made of sculpted paper, surrounded by trees and green

Creating a sustainability roadmap for the apparel industry: interview with Michael Sadowski

Michael Sadowski
Michael Sadowski

Most of the apparel sold in North America is manufactured in Asia, meaning the finished goods travel long distances to reach end markets, with all the associated greenhouse gas emissions. On top of that, apparel manufacturing itself requires a significant amount of energy, water, and raw materials like cotton. Overall, the production of apparel is responsible for about 2% of the world’s total greenhouse gas emissions, according to a report titled

Taking Stock of Progress Against the Roadmap to Net Zeroby the Apparel Impact Institute. Founded in 2017, the Apparel Impact Institute is an organization dedicated to identifying, funding, and then scaling solutions aimed at reducing the carbon emissions and other environmental impacts of the apparel and textile industries.

Keep ReadingShow less

Featured

seegrid CR1_Renders_1-2_11zon.png
Article

Seegrid lands $50 million backing for autonomous lift trucks

xeneta air-freight.jpeg

Air cargo carriers enjoy 24% rise in average spot rates

The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.

Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.

Keep ReadingShow less
littler Screenshot 2024-09-04 at 2.59.02 PM.png

Congressional gridlock and election outcomes complicate search for labor

Worker shortages remain a persistent challenge for U.S. employers, even as labor force participation for prime-age workers continues to increase, according to an industry report from labor law firm Littler Mendelson P.C.

The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.

Keep ReadingShow less
stax PR_13August2024-NEW.jpg

Toyota picks vendor to control smokestack emissions from its ro-ro ships

Stax Engineering, the venture-backed startup that provides smokestack emissions reduction services for maritime ships, will service all vessels from Toyota Motor North America Inc. visiting the Toyota Berth at the Port of Long Beach, according to a new five-year deal announced today.

Beginning in 2025 to coincide with new California Air Resources Board (CARB) standards, STAX will become the first and only emissions control provider to service roll-on/roll-off (ro-ros) vessels in the state of California, the company said.

Keep ReadingShow less
trucker premium_photo-1670650045209-54756fb80f7f.jpeg

ATA survey: Truckload drivers earn median salary of $76,420

Truckload drivers in the U.S. earned a median annual amount of $76,420 in 2023, posting an increase of 10% over the last survey, done two years ago, according to an industry survey from the fleet owners’ trade group American Trucking Associations (ATA).

That result showed that driver wages across the industry continue to increase post-pandemic, despite a challenging freight market for motor carriers. The data comes from ATA’s “Driver Compensation Study,” which asked 120 fleets, more than 150,000 employee drivers, and 14,000 independent contractors about their wage and benefit information.

Keep ReadingShow less
Copyright ©2024.