article thumbnail

New Sitma sorting system features cutting-edge technology

Logistics Business Magazine

According to data provided by PR Newswire, the sector boasts a compound annual growth rate of 23% globally and will reach $16 trillion in value by 2027. According to a survey carried out by PwC, receiving a product as quickly as possible is in fact at the top of the list of services requested by those who order through e-commerce platforms.

Sorting 68
article thumbnail

Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains

3PL Links

API-based integrations Forecasts suggest that the number of calls to the open banking Application Programming Interface (API) will expand from 102 billion in 2023 to 580 billion in 2027, reflecting the immediate need for real-time processing and the exponential expansion of API-based solutions.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Conflict resolution

Automotive Logistics

An aftermarket report published by Transparency Market Research suggested the disposable packaging market would be the largest contributor to the global automotive parts packaging market between 2017 and 2027 (Automotive Parts Packaging market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017-2027).

article thumbnail

Trends in the Food and Beverage Industry

Trinity Logistics

A study by ADM Outside Voice research found that nearly 70 percent of consumers surveyed looking for food products that have a short, recognizable list of ingredients. Likewise, by 2027 , cold storage construction is projected to reach $18.6 Because of this, the total capacity of refrigerated warehouses worldwide increased by 16.7

Trends 66
article thumbnail

Why Experiential Retail Might Just be The Secret to Customer Success

Locus

Retailers focus on meeting the expectations of consumers who are more drawn to quick service and convenience. As consumers are moving towards e-commerce shopping to meet their needs, faster delivery has become a demanded expectation. Experiential retail marketing aims to provide value across four key categories, namely: Convenience.

article thumbnail

Top 10 Logistics Trends That Could Impact Supply Chains in 2022

Locus

In order to meet the rising volumes of parcels, demographic nature of e-commerce demand and growing desire for same-day delivery, businesses have started to implement micro-fulfillment centers in their logistics operations. – Statista, 4PL market size from 2018-2027, Jun 2020. – Micro-fulfillment market, Logistics IQ, 2020.

article thumbnail

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

million USD by 2027, growing at a CAGR of 4.5 percent between 2020 and 2027. While 3PLs have the expertise to provide such a service, 4PL companies specialise in meeting tight turnaround times and seemingly impossible schedules, while applying the most advanced technologies to monitor supply chain movements in real time.

4PL 116