Articles

The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage while increasing transit time from 16 days to 32 days. This is according to a report by LSEG Shipping Research.

The UK’s next government must appoint a Minister for Logistics and Supply Chain if future growth is to be driven across the whole economy, according to business group Logistics UK.

Zebra Technologies Corporation has found that warehousing operators are getting serious about a range of artificial intelligence (AI) technologies, as industry disruption looms large, according to the Zebra 2023 Making Modern Warehousing a Reality: Supply Chain Resiliency & Agility research paper.

The fast food bag market is estimated to be valued at US$ 486.0 million in 2024. The market valuation was US$ 460.7 million in 2023. The market is projected to progress at a CAGR of 5.5% over the forecast period from 2024 to 2034. By 2034, the market is expected to reach US$ 830.2 million.

North America and Europe are two of the dominant regions in the market. Fast food is consumed heavily in the region owing to the busy working population’s tendency towards quick fixes when it comes to eating.

Container xChange has released its New Year’s Edition Container Market Forecaster, shedding light on the escalating geopolitical risks set to reshape the landscape of global trade in 2024.

In response to these geopolitical risks, the majority of shipping professionals surveyed in the month of December 2023, by Container xChange, are gearing up to enhance resilience through strategic initiatives like - ‘risk assessment and scenario planning’, ‘diversification of routes’ and ‘suppliers and regulatory compliance’.

2024 may herald the start of a new economic growth cycle for the global air cargo industry after last year ended with a +9% year-on-year rise in demand and the general air cargo spot rate reached its highest level in nine months, suggests the latest weekly market data analysis by Xeneta.

LogisticsHandling.com spoke with leading representatives from the analyst and vendor communities to discuss some of the most important key talking points and areas of innovation taking place within demand forecasting and planning technology. With a more fragmented and volatile playing field becoming the norm, companies need to be able to make better more accurate decisions to manage anticipated and actual demand as well as execute and fulfil orders as efficiently as possible.

By Patrick Lepperhoff, Principal at INVERTO and supply chain management expert.

We experienced what a blockade of the Red Sea means in spring 2021 when the Ever Given got stuck in the Suez Canal. Within a few days, a traffic jam of several hundred ships formed.

The aerosol packaging market size is projected to be valued at US$ 7.5 billion in 2024 and is expected to rise to US$ 12.3 billion by 2034. The global aerosol packaging market is expected to grow at a rate of 5.0% during the forecast period. In 2023, the market was valued at US$ 7.2 billion.

Welcome to the December 2023 edition of Manufacturing & Logistics IT. In this issue we feature a Special Technology Report looking in depth at the latest developments in the world of Demand Forecasting & Planning solutions.

Also included is a ‘Cover Story’: Worldwide end-user spending on public cloud services is forecast to grow 20.4% to total US$678.8 billion in 2024, up from $563.6 billion in 2023, according to the latest forecast from Gartner, Inc.