What is the future of supply chain?

What is the future of supply chain?

“Given today’s volatile and disruptive environment, supply chain organizations must become more flexible, and the solution is digitalization.” In the next three to five years, we will see an increase in the adoption of digital supply chain technologies, as well as technologies that improve human decision making.

Who started FreightWaves?

Craig Fuller is the founder and CEO of FreightWaves, the leading provider of global supply chain market intelligence and news.

What is the future of freight transportation?

The future of freight begins now More sustainable technologies, the change into clean energy freight, and the process optimization, as well as the implementation of some other options that have in mind the planet well-being will require initiative and participation of the consumers, corporations, and governments.

How is the supply chain doing 2022?

More Stress on Supply Chains Between December 2021 and March 2022, the index registered an easing of global supply chain pressures, though they remained at very high levels historically. However, the April 2022 reading suggests a worsening of conditions as renewed strains emerge in global supply chains.

Will supply chain improve 2022?

One thing is clear: supply chain management will continue to face disruptions in 2022, and as executives continue to prioritize digital transformation, here are the key ways that supply chain cloud platforms are helping organizations build resilience and balance costs while meeting consumer demands.

How big is FreightWaves?

FreightWaves media properties have more than one million unique visitors per month, in excess of 30,000 viewers per day on its streaming TV offering, and nearly 100,000 podcast downloads per month.

What does FreightWaves do?

FreightWaves is the most trusted provider of global supply chain market intelligence. Our high-frequency price, demand, and capacity data and analysis allow our customers to benchmark, analyze, monitor and forecast the global physical economy.

When did FreightWaves start?

FreightWaves has grown significantly since it began commercial operations in 2017. In 2020, it secured another $37 million in investment for its growth initiatives.

What is the future of trucks?

IHS Markit estimates that 80 percent of commercial truck sales in the U.S. will be powered by diesel by 2040. The Fuels Institute estimates that, under aggressive uptake of zero-emissions technology in commercial vehicles, diesel will make up 65 percent of heavy-duty truck sales and 86 percent of the fleet by 2040.

How can cargo transport be improved?

1. Try to maximize every move. Arrange your freight and adapt packaging so that you can get the most out of your cube utilization. …
2. Go for the most carbon-efficient mode of transport. …
3. Collaborate. …
4. Adapt your logistics network. …
5. Go for greener and energy efficient equipment.

What does Motor Freight mean?

Motor freight is any load shipped by truck. All the 18-wheelers you see on the highway are motor freight carriers hauling commercial-scale quantities of goods, including commercial and residential goods, manufacturing commodities, and agricultural products.

Will supply chain improve in 2023?

RALEIGH, N.C. (WTVD) — Supply chain shortages continue and could go longer than anybody could’ve imagined.

Will the supply chain ever recover?

Supply Chain Issues Could Recover In Q3 2022.

Is supply chain getting worse or better?

Supply chain issues are getting worse — and climate change is a main culprit.

What are the biggest challenges in supply chain 2022?

A nationwide shortage of truck drivers, a lack of available warehouse space, and rising consumer demand are three supply chain challenges that will continue to impact retail operations throughout 2022.

What are the future challenges for supply chain management?

Supply chain challenges in 2022

1. Material scarcity. Insufficient inputs have been a concern since the pandemic began, due to an abrupt rise in consumer demand like never before. …
2. Increasing freight prices. …
3. Difficult demand forecasting. …
4. Port congestion. …
5. Changing consumer attitudes. …
6. Digital transformation. …
7. Restructuring. …
8. Inflation.

Are supply chains improving?

With havoc at ports showing no signs of improving, it’s likely that supply chain disruptions that plagued businesses across the country won’t be slowing down anytime soon. At least not until 2023.