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A recent Drewry report named the “Multipurpose Shipping Forecaster” noticed the projected surge in project cargo demand by 2028 and combined these two sectors when it noted that the world’s growing energy consumption needs to be met by both renewable and conventional energy projects.
As we chug along into the first quarter of 2022, the trends we observed last year continue to play out. The impacts of these trends can be significant. The global cold storage warehouse market is expected to grow at an annualized rate of 13.5% (CAGR) from 2021 to 2028. So it is important to be proactive and plan accordingly.
Enterprises that did not adapt to new trends faced the brunt of COVID-19 pandemic. This was majorly due to their inability to understand and adapt to the changing logistics trends. Welcome to 2022: Top 10 Supply chain logistics trends to watch out for 2022. The year 2021 has proved it once again that Tom McCarthy was right.
billion in 2020, the cold chain market is expected to reach more than $628 billion in 2028, nearly tripling its growth in less than ten years, according to a market analysis report by Grand View Research. Valued at nearly $210.49 This should prevent the WMS from shipping a compromised product to the customer.
The additional demand is linked to the UK’s growing population and our increasing dependence on distribution and manufacturing hubs, though the long-term trend in manufacturing toward high-value sectors, as well as increased automation in the manufacturing and distribution sectors, could ease pressure on the UK’s industrial and logistics stock.
More Resources Home October 31, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 31, 2023 Unbox your Freight knowledge.
Blog " * " indicates required fields Email * More Resources Home June 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
Current trends point to the shortage growing to over 160,000 drivers by 2028. In addition, a recent ATRI analysis of census data on employment sectors shows that the trucking industry has the lowest percentage of young entrants and the highest percentage of aging workforce entrants.
Even though that number is trending in the right direction, ATA Chief Economist Bob Costello commented that the driver market remains tight, with the driver shortage remaining a real concern for fleets and the industry. highways, as per the ATA’s Freight Transportation Forecast 2017 to 2028, which was released in 2017.
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