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We previously reported that last week, the International Maritime Organization (IMO) was meeting to see if they could agree on updated greenhouse gas emission reduction rules as climate change accelerates. By 2030, the shipping industry has a target to achieve 5% to 10% of energy from non-fossil fuel sources.
According to new reports and an analysis of market research, South Korea saw 16 new vessels ordered with a total of 820,000 tons. The country’s goal is to build up to three-quarters of all the eco-friendly vessels that emit little to no carbon, by the year 2030. million tons. South Korea has a long history of shipbuilding.
With all the issues with international supply chains and ocean shipping in particular, the main priority of all involved now is getting the goods to their warehouses with reasonable cost levels and being stocked up to meet the customer demands while keeping everyone’s sanity. Cosco has set a goal to be carbon-neutral by 2060.
As leaders gather at the of the World Economic Forum Annual Meeting in Davos for a week of high-level discussions on the future of the global economy, the CDP group released its annual rankings of the top green businesses. million (US$3.6 billion (US$4 million).
The Project Cargo Journal predicted that irregular oversized cargo could reach nearly $276 billion by 2030. In this boom, project freight forwarders will bite off a substantial piece of the pie. Breakbulk Europe delegates also reported a strong demand for project carriers. The potential cause?
Major chemical companies have set clear plans to heavily reduce their carbon footprint by 2030 and reach net-zero by 2050. Major automation companies were considered in the analysis by exploring their value proposition in terms of what hardware, software, and services they provide to the industry.
The goals are 40% by 2030 and 70% by 2050. If a ship exceeds the baseline, modifications are required to meet that baseline. These regulations are designed to affect ships with gross tonnage (gt) of 400 and above.
The 2050 targets should be agreed upon in the first half of 2023 at the organization’s June meeting. June’s discussion will also yield clarity around interim target goals for benchmark years like 2030 and 2040, as well as discussions around how to impose a carbon price on ship emissions. In Conclusion.
Shipping executives and industry leaders alike already know the importance of reducing emissions in the shipping industry and the need for green initiatives, as they look to protect the environment and meet customer demand for cleaner shipping. Now, the private sector is being targeted. For example, just this month, large U.S.
Let’s take a look at what happened with the major themes, as well as the research and analysis we conducted in 2022 to help determine what those themes will look like in 2023. 2030 call: Retailers will embrace sustainability for home delivery. Theme 1: Global supply chains will be busy, congested and chaotic.
According to the American Trucking Association, the industry faced a shortage of over 80,000 drivers in 2021, projected to grow to 160,000 by 2030 if current trends continue. Despite offering higher wages and bonuses, they struggled to meet delivery deadlines, resulting in customer complaints and loss of sales.
Naturally, the costs of meeting such expectations, especially on the delivery front are also increasing. A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024.
With roughly only one fleet replacement cycle before the UK’s 2030 ban on petrol and diesel vehicles comes into effect, now is the time to start considering EV charging infrastructure for your logistics operation. Public charging infrastructure is rapidly growing to meet the needs of EV drivers, both private and commercial.
A detailed report on automation released in late November by global management consultancy McKinsey & Company made the bold prediction that “ Automation could kill 73,000,000 US jobs by 2030.” Much of our investment and research into automation is a response to find a consistent labor force – a variable critical to meeting customer needs.
According to PwC, out of top 20 bilateral trade routes in the world, 16 will have APAC countries and 80 % of the world trade market will be in APAC countries routes by the year 2030. And it will be lead to high growth, reduction in costs and increase in efficiency which will meet the ever-increasing customer expectations.
Demand for last-mile delivery is soaring and is expected to grow by 78% globally by 2030.- Technavio, Last Mile Delivery Market in North America by Service and Geography – Forecast and Analysis 2021-2025, Jan 2021. The driver shortage in the US could surpass 160,000 in 2030 and it was estimated to be around 80,000 this 2021.
These include increased CO2 taxes, expensive emission certificates and a complete ban on internal combustion engines, which will make electric drives mandatory for all vehicles by 2030 at the latest. For this reason, companies are also increasingly looking to ensure that their supply chains meet sustainability requirements.
The slideshow that follows, then, is our coverage of Gartner’s rankings, which includes both comments from Gartner’s analysts as well as our own analysis, based on independent reporting. And on the packaging side, the company set a goal of recycling a used bottle or can for every one it sells by 2030, Gartner notes. Media Type.
The International Energy Agency forecasts that there will be 13m electric vehicles (EVs) on the road globally by 2020, while PwC Autofacts predicts that 55% of all new vehicle sales will be fully electrified vehicles by 2030. . Koltai adds that when moving batteries in trucks, they must meet the corresponding ADR requirements.
In London this week, the International Maritime Organization (IMO) has been meeting to discuss progress on reducing greenhouse gas emissions through pollution-reducing policies in ocean shipping and to set new goals for the future. The meeting is the latest push by the IMO to agree on greenhouse gas emission rules.
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Let’s start with a basic but critical fact: for physical product companies, “sustainability is intimately connected with supply chains, the complex economic structures formed by companies that are using the global supply of natural resources to meet worldwide demand,” Sheffi notes.
Professor, KIT.
Cereal Partners Worldwide (CPW), the makers of Nestle breakfast cereal, has unveiled its 2050 Net Zero Roadmap, which it claims will be used to halve its greenhouse gas emissions by 2030 and reach net zero by 2050. billion, up 0.9 percent year-over-year.
The finished vehicle logistics sector needs to find better ways to communicate and collaborate to meet the challenges of an uncertain future, delegates at this year’s Finished Vehicle Logistics North America conference in California were told in March. They were therefore not included in the analysis. Marcus Williams reports.
The finished vehicle logistics sector needs to find better ways to communicate and collaborate to meet the challenges of an uncertain future, delegates at this year’s Finished Vehicle Logistics North America conference in California were told in March. They were therefore not included in the analysis. Marcus Williams reports.
In line with these pandemic times, while the ASEAN meeting was nominally held in Hanoi, Vietnam, it was a virtual signing ceremony that saw 15 countries in Asia Pacific become part of what is now the world’s largest free trade agreement, representing 30 percent of global gross domestic product and encompassing almost 2.3 billion people.
Supply Chain & Logistics News (November 11-14th) This week I posted my early analysis of the new administration’s impacts on the energy transition, sustainability, and trade. The rest of the analysis focuses on the fate of EV tax credits, tariffs, and the Inflation Reduction Act. If you are interested in reading more go here.
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