News (3585)
Used Car Market Faces Supply Crunch: Is This the New Normal?
The used-car market is still experiencing a shortage of vehicles even as the automotive sector recovers from supply chain woes that have plagued the industry since the onset of the COVID-19 pandemic. According to AutoNewsCanada, DesRosiers Automotive Consultants Inc. says dealers are having a hard time getting used cars and projects a slowdown in sales in the coming months. The latest estimates by DesRosiers show the 2023 sales of new cars at franchised used dealers are expected at 305 units per location, and at just 140 for independent used car dealers. This supply constraint is partly because people are holding on to their vehicles longer than usual, creating a bottleneck in the supply chain for used cars.
Read more...Linklogis 2023 Interim Results
On August 28, 2023, Linklogis Inc. (09959.HK, “Linklogis”) released 2023 interim results. The total transaction volume processed by Linklogis' technology solutions reached RMB142 billion, a year-over-year increase of 22%, and the total revenue and income from principal activities was RMB390 million. As of June 30, 2023, Linklogis’ cash reserves totaled RMB6 billion, and has partnered with 1,548 anchor enterprises and financial institutions. The total volume of supply chain assets processed by Anchor Cloud reached RMB88.4 billion, a year-over-year increase of 44%, and the total transaction volume of Multi-tier Transfer Cloud increased by 106%, reaching RMB55 billion. Linklogis also won the bidding for 15 projects for the comprehensive supply chain platforms of state-owned enterprises and leading private enterprises.
Read more...Supply Chain Finance Global Market Booming in 2023
The global supply chain finance market is expected to grow from $5.65 billion in 2022 to $6.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. Major players in the supply chain finance market are HSBC Holdings Plc., Asian Development Bank, BNP Paribas, Bank of America Corporation, Citigroup Inc., Allianz Trade, JPMorgan Chase & Co., Mitsubishi UFJ Financial Group Inc., Royal Bank of Scotland Plc., Standard Chartered Plc., Alibaba, Oracle Corporation, SAP SE, PrimeRevenue, and Demica. The market value includes the value of related goods sold by the service provider or included within the service offering.
Read more...Cyberattacks Could Put Our Food Supply at Risk
Modern Farmer Farm. Food. Life. is reporting that cyberattacks could put our food supply at risk. With the rise of digital technology, the food industry is increasingly vulnerable to malicious cyberattacks. This could have a devastating effect on our food supply, as cyberattacks can disrupt the production and distribution of food. It is essential that the food industry takes steps to increase its cybersecurity and prepare for potential attacks.
Read more...Supply Chain Shortages Delay Tech Sector's AI Bonanza
According to the Financial Times, the tech sector's AI bonanza is being delayed due to supply chain shortages. Companies are struggling to find the necessary components to build their AI products, and this has caused a bottleneck in the industry. This has been a major issue for tech companies, as they have been unable to keep up with the demand for AI products. Many companies have had to delay their projects, and some have even had to cancel them altogether. The supply chain shortages have also caused a ripple effect, as other industries have been affected by the delays.
Read more...How To Improve Your Supply Chain
According to Plato Data Intelligence, sorting out your supply chain should be one of the number one priorities at your business. It is important to understand the different components of the supply chain and how they work together to ensure that your business is running efficiently. From understanding the different stages of the supply chain, to managing inventory and tracking orders, there are many ways to improve your supply chain.
Read more...ESP Logistics Technology Chooses Spire Global for Real-Time Weather and Ship-Tracking Data
ESP Logistics Technology, a leading provider of supply chain solutions, has chosen Spire Global, a space-based data and analytics company, to provide real-time weather and ship-tracking data. This data will be used to optimize supply chain efficiency. According to MarketScreener, this partnership will enable ESP Logistics Technology to provide its customers with more accurate and timely data about their shipments. The data will also be used to improve the accuracy of forecasts and help ESP Logistics Technology better manage its supply chain operations. This partnership is expected to have a positive impact on the efficiency of the company's supply chain operations.
Read more...Advatix and Coasters Receive Global Award for Digital Transformation of Supply Chain
Advatix and Coasters were presented with the Global Award for "Digital Transformation of Supply Chain" by the University of Southern California's Marshall School of Business, at its 11th Supply Chain Excellence Summit. This award recognizes the companies' efforts in modernizing their supply chain operations and leveraging technology to increase efficiency and reduce costs. The award is a testament to the companies' commitment to innovation and excellence in the supply chain industry.
Read more...Supply Chain Analytics Market to Cross USD 23.92 Billion by 2030
As per SNS Insider’s research, the supply chain analytics market is poised for substantial growth due to its ability to revolutionize supply chain operations, enhance efficiency, mitigate risks, and deliver superior customer experiences. The Supply Chain Analytics Market, valued at USD 5.18 billion in 2022, is anticipated to reach USD 23.92 billion by 2030, exhibiting a compounded annual growth rate (CAGR) of 21.08% from 2023 to 2030. Supply Chain Analytics Market Overview In the dynamic and interconnected realm of modern commerce, supply chains serve as the lifelines that breathe vitality into industries. But within this intricate dance of raw materials, production, distribution, and consumption lies a world of data waiting to be harnessed. Enter supply chain analytics – an innovative approach that empowers organizations to unlock efficiencies, make informed decisions, and gain a competitive edge in the global marketplace. At its core, supply chain analytics is the strategic utilization of data-driven insights to optimize the various stages of the supply chain process. Market Analysis The supply chain analytics market is experiencing robust growth driven by a convergence of technological advancements, shifting market dynamics, and the increasing recognition of data-driven decision-making across industries. A
Read more...40th Annual Quest for Quality Awards
Our readers have cast their votes and the 40th Annual Quest for Quality Awards have been announced. Logistics Management's annual survey of the transportation and logistics industry has recognized the top carriers, third-party logistics providers, and U.S. ports for their excellence in service.
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