Material growth in the value of global goods traded over the last five years represents the evolution of globalization, increasing incomes in many locations, and the need to connect people and devices. Baseline forecasts for 2022 exceed anything seen in the prior six or more years. According to ABI Research, e-commerce revenue will grow from $560 billion in 2020 to $8 trillion in 2026.
Read MoreSixty-six percent of logistics leaders increased their logistics outsourcing budget in 2021, and 74% anticipate an increase in the next two years, according to a survey from Gartner, Inc. From March through May 2021 Gartner surveyed 298 supply chain professionals in the U.S., Europe and APAC who had decision-making capacity regarding supply chain outsourcing.
Read MoreThe worldwide market for smart home devices grew 10.3% year over year in the third quarter of 2021 (3Q21) with more than 221.8 million device shipments, according to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker. Despite persistent supply chain disruptions, unemployment, and an uneven economic recovery, consumer demand remained high for smart home devices like smart TVs, smart speakers, and other devices.
Read More70% of global technology buyers are exploring more ways to purchase technology this year, however vendor engagement strategies continue to underdeliver when it comes to meeting tech buyer expectations, according to a survey by Gartner, Inc. Four marketing clusters of technology buying enterprises base key behaviors that influence GTM tactics. As the size of buying teams continues to increase, ideal customer profiles (ICPs) increase in importance.
Read MoreThe worldwide semiconductor shortage will persist through 2021, and is expected to recover to normal levels by the second quarter of 2022. The chip shortage started primarily with devices, such as power management, display devices and microcontrollers, fabricated on legacy nodes at 8-inch foundry fabs, which have a limited supply. The shortage has now extended to other devices, and there are capacity constraints and shortages for substrates, wire bonding, passives, materials, and testing, all of which are parts of the supply chain beyond chip fabs.
Read MoreEvents of the past year have upended the procurement industry, illustrating the fragility of a complex international supply chain and forcing a sea change in the industry. However, according to the 2021 Supply Chain Insights Global Survey from IHS Markit, supply chain professionals often lack the tools, data and platforms needed to diversify their supply chains and optimize their processes.
Read MoreBy its very nature, technology requires industry players to innovate in order to survive. In fact, technology companies are 12 percent more likely to be disrupted than companies in retail and 25 percent more likely than those in financial services, two other industries that have historically gone through regular disruptions.
Read MoreThe global aviation blockchain market is expected to grow from $420 million in 2019 to $2.12979 billion by 2027, at a CAGR of 22.5% during the forecast period 2020-2027 according to a new study conducted by Fior Markets.
Read MoreThere is rising pressure on logistics leaders as they work to balance often competing missions as stakeholders seek to to optimize logistics costs while maintaining service and performance levels, Gartner, Inc. has identified five actions to achieve cost optimization from within the organization.
Read MoreBlockchain remains a popular topic but supply chain leaders are failing to find suitable use cases. By 2023, 90 percent of blockchain-based supply chain initiatives will suffer ‘blockchain fatigue’ due to a lack of strong use cases, according to a new report from Gartner, Inc.
Read MoreNew research by Juniper Research found that annual revenues from blockchain retail asset tracking will leap to $4.5 billion by 2023. While anything from gemstones to cars and healthcare can be tracked on blockchain, retail is a hotbed for the technology. Blockchain’s versatility offers retailers transparency in the supply chain, customer loyalty management and operational efficiencies, among other benefits; leading to faster adoption than in other sectors.
Read MoreWorldwide spending on blockchain solutions is forecast to reach $11.7 billion in 2022, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC).
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