Boeing Ends Crippling Strike as Workers Accept Latest Offer
Supply Chain Brain
NOVEMBER 5, 2024
Holden acknowledged that 41% of union members voted to reject the deal, and vowed to press for better terms with the next contract in 2028.
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UPS plans to close around 200 US facilities, shift volume to automated hubs
Supply Chain Dive
MARCH 26, 2024
The company is consolidating locations as part of its "Network of the Future" initiative, which aims to reduce its labor needs and save $3 billion by 2028.
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Outpacing Disruption by Regionalizing Supply Chains
Supply Chain Brain
MAY 13, 2024
Gartner predicts that by 2028, 70% of companies will adopt regionally diversified supply chain models to improve network resiliency in the face of ongoing global disruptions.
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Postal Service to acquire 66,000 EVs by 2028
Supply Chain Dive
DECEMBER 21, 2022
The electric delivery vehicles will start hitting the streets by the end of next year.
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Port of New Orleans Gets Millions in Funds for New Downriver Terminal
Supply Chain Brain
JUNE 13, 2024
The new terminal — which is still in the federal permitting process — is expected to open in 2028, and will accept as many as 280,000 containers each year.
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A Whopper of A Goal: Burger King Calls Its Shot!
Procurement Insights
FEBRUARY 29, 2024
$60 Billion in 2028 is a 40% growth in 5 years. What role will procurement and the supply chain play in achieving this amazing growth? This discussion. To be continued.
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South Korea Company Invests $3.9B in New Indiana Chip-Packaging Facility
Supply Chain Brain
APRIL 4, 2024
The new plant will mass-produce high bandwidth memory used for AI computing, and is expected to open sometime in the back half of 2028.
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Taiwan Company to Get Billions in Federal Funds for New Chip Factory in Arizona
Supply Chain Brain
APRIL 8, 2024
billion in federal subsidies for a third semiconductor factory in Arizona, set to open by 2028. TSMC will get $6.6
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Ecopro, Samsung Ink Massive $34B Battery Deal Despite EV Slump
Supply Chain Brain
DECEMBER 3, 2023
billion) between 2024 and 2028. T he Cheongju, South Korea-based firm inked a contract December 1 with Samsung to supply cathode-active materials worth 43.8 trillion won ($33.5
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Toyota to Hike Pay for U.S. Hourly Workers After UAW-Detroit Deals
Supply Chain Brain
NOVEMBER 1, 2023
But UAW President Shawn Fain has vowed to expand his union’s reach beyond the Detroit three by 2028. Workers at U.S. plants operated by Toyota are not unionized.
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Stellantis Workers Vote to Ratify New Labor Deal
Supply Chain Brain
NOVEMBER 17, 2023
The approval locks in the UAW’s deal with Stellantis through April 2028 and includes a 25% wage hike over the life of the contract.
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Israel Giving Intel $3.2B Grant to Build New Chip Plant
Supply Chain Brain
DECEMBER 26, 2023
Construction has already begun at the Fab 38 plant, which is due to open in 2028 and operate through 2035.
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UAW Reaches Deal with General Motors, Potentially Ending Strikes
Supply Chain Brain
OCTOBER 31, 2023
Overall, UAW workers will receive a 30% increase in wages over the life of the contract, which expires April 2028.
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How to Overcome the Supply Chain Decision Gap
Supply Chain Trend
MARCH 26, 2024
Field research from Gartner highlights that “by 2028, 25% of chief data and analytics officer vision statements will become “decision-centric,” surpassing “data-driven”. It requires a new decision centric mindset, which might take some time to develop as we’ve been pushing big data & being data centric for about 20 years.
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The Electric Vehicle Charging Station Infrastructure!
Supply Chain Game Changer
JANUARY 25, 2022
PR Newswire states that the Electric Vehicle Charging market is $3B in 2020 and will grow to over $32B (a 33% CAGR) by 2028. Grand View Research believes the global EV charging infrastructure market will reach $145B by 2028 at a 33.4% Finally, Meticulous Research says the market will reach $104B by 2028 at a 26.4%
Navigating CSRD Regulation: What Procurement, Supply Chain, and Finance Leaders Need to Know
ivalua
JUNE 11, 2023
CSRD requires Scope 3 reporting , depending on company size, with a gradual rollout between 2024 and 2028. This includes aspects such as; greenhouse gas emissions, energy efficiency, environmental footprint results.
The future of renewable energy
IBM Supply Chain Blog
FEBRUARY 14, 2024
And in the period between 2023 to 2028, renewable electricity capacity is expected to grow by 7,300 gigawatts with solar PV and onshore wind usage expected to at least double over current levels in India, Brazil, Europe and the US through 2028.
Smart warehousing solutions and what they could mean for your business
Strategic Sourceror
JANUARY 20, 2023
Reflecting this trend, the global smart warehouse technology market is expected to surge over the next few years, reaching a valuation of $29 billion by 2028, according to data from KBV Research.
The future of renewable energy
IBM Supply Chain Blog
FEBRUARY 14, 2024
And in the period between 2023 to 2028, renewable electricity capacity is expected to grow by 7,300 gigawatts with solar PV and onshore wind usage expected to at least double over current levels in India, Brazil, Europe and the US through 2028.
Ability to receive structured e-invoices to become mandatory in Germany in January 2025
Jaggaer
JUNE 28, 2024
Rather, it seems that the EDI formats, if not compatible already with the EN 16931 standard, will need to find a way to become compatible, or a way to easily extract and convert information, perhaps in the form of reports, will need to be implemented before 2028.
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Technology Trends in Procurement
Una
AUGUST 2, 2022
billion by 2028 at a CAGR of 7.6%. You may have had a hint of its size from the dozens of ads that pop up as you browse the internet, or the number of technology vendors clamoring for your attention at procurement conferences. According to Verified Market Research , the global procurement software market will grow from $5.5
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SEC climate-related disclosure rules for public companies
IBM Supply Chain Blog
APRIL 3, 2024
Compliance dates for smaller companies range between 2026 and 2028, depending on their registrant type. However, there will be a phase-in period for compliance, with the largest companies reporting, as required, on climate-related risks by fiscal year 2025 and on emissions by 2026. How can IBM help?
New and Noteworthy Categories on Thomasnet.com for March 2023
The Thomas Blog
MARCH 20, 2023
billion by 2028. Li-battery thermal runaway sensors help keep this risk in check, which is important as the global market size for lithium-ion batteries is projected to reach $193.13 3-Axis Machining 3-axis machining covers a wide range of types of machining that all use 3-axis machines.
Seven top central processing unit (CPU) use cases
IBM Supply Chain Blog
JUNE 10, 2024
billion In its 2028 projections, you can see how Yole’s experts expect certain segments to grow, namely AI and DPUs. AI ASICs: USD 1.5 billion (AI ASICs stands for “application-specific integrated circuits,” specifically those related to artificial intelligence.) Data processing units (DPUs): USD 0.6
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New and Noteworthy Categories on Thomasnet.com for February 2023
The Thomas Blog
FEBRUARY 23, 2023
billion by 2028. Hot Water Storage Tanks Hot water storage tanks , and other forms of water storage, are seeing increased demand across the rapidly increasing construction sector for the commercial, industrial, and consumer markets. The construction market’s size is expected to reach $27.8
New and Noteworthy Categories on Thomasnet.com for September 2022
The Thomas Blog
SEPTEMBER 12, 2022
billion by 2028. Graphene yarns can be used in the aerospace industry or to make athletic clothing. Graphene is one of the strongest known materials on the planet, and the graphene market, currently valued at nearly $573 million, is projected to grow to $1.3 Additive Manufacturing Ceramics.
Great Minds Think Alike: How Mind Mapping Alignment Can Ensure The Right Job For The Right Person
Sourcing Solved
APRIL 20, 2022
In addition to the above referenced upheaval, projections that between 2018 and 2028, there will be 2.4 Keep in mind that this assessment was before the pandemic and its subsequent impact on global supply chains.
3 Procure-to-Pay Trends Shaping 2024
Pipefy
JANUARY 30, 2024
billion by 2028. The global source-to-pay and procure-to-pay outsourcing market is expanding rapidly with the market expected to reach $55.8
2020 Challenges and Solutions for HVAC Distributors
EazyStock
JUNE 11, 2020
The HVAC industry is already highly competitive and is predicted to grow 13% through 2028. Plus HVAC equipment is also being adopted more and more by consumers due to technological innovations and climate change driving both affordability and demand respectively. While demand is growing, so too is supply – and with it, distributors.
The EU’s Corporate Sustainability Reporting Directive explained
IBM Supply Chain Blog
APRIL 21, 2023
Non-EU companies will have to comply from 2028. Sustainability reporting will also be required of non-European companies that generate an annual net turnover of EUR 150 million in the EU and that have at least one subsidiary or branch in the EU. Without a solid data foundation, managing and reporting such data can be challenging.
5G use cases that are transforming the world
IBM Supply Chain Blog
MARCH 8, 2024
According to Statista, more than 200 million homes and businesses have already purchased it with that number expected to at least double by 2028 (link resides outside ibm.com). Today, many popular Internet Service Providers (ISPs), such as Verizon, Google and AT&T, offer 5G networks to homes and businesses.
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Promote resilience and responsible emissions management with the IBM Maximo Application Suite
IBM Supply Chain Blog
DECEMBER 12, 2023
billion in 2028. According to the Congressional Research Service , this affects over 2,000 facilities in the petroleum and natural gas industry, and is expected to see fines of USD 1.1 billion levied in 2026, rising to USD 1.8 This would result in an average facility facing annual fines totaling USD 800,000.
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Defining the Future of E-Commerce! (Infographic)
Supply Chain Game Changer
NOVEMBER 12, 2018
When popularized, 40% of parcels will be drone-delivered in 2 hours by 2028. DHL tried it and recorded a 70% improvement in first-attempt deliveries, and a 90% success in resolution of customers’ critical cases.
It’s Time to Squeeze the Efficiency from Logistics with TMS
Supply Chain Collaborator
AUGUST 9, 2017
per year on average through 2023, according to the organization’s just-released Freight Transportation Forecast, 2017-2028.” Transport Topics reports, “American Trucking Association predicts that freight volumes across all modes will grow by 2.8% this year and then 3.4%
Breaking down the advantages and disadvantages of artificial intelligence
IBM Supply Chain Blog
JANUARY 10, 2024
Maximize the advantages of artificial intelligence with IBM Watson Omdia projects that the global AI market will be worth USD 200 billion by 2028.¹ Organizations will need to find ways to incorporate their existing workforce into new workflows enabled by productivity gains from the incorporation of AI into operations.
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The advantages and disadvantages of private cloud
IBM Supply Chain Blog
APRIL 4, 2024
In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08
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10 Best Food Packaging Suppliers In The US – Reviews and Quality Pricing
Procurement Tactics
JUNE 27, 2023
Its Compound Annual Growth Rate from 2023 – 2028 will be 2.88%. growth in 2023. The United States is one of the fastest growing packaging markets in the North American region. Therefore, investment in the food packaging industry is profitable.
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Renewable energy trends and developments powering a cleaner future
IBM Supply Chain Blog
MARCH 8, 2024
And by 2028, 68 countries will boast renewables as their main source of power. This is crucial to the goal of tripling worldwide renewables as China accounts for almost 60% of all new global renewable energy capacity expected to come online by 2028.)
Gasoline Prices – Historical Graph [Realtime Updates]
Procurement Tactics
MARCH 20, 2023
We can expect a $3.790 per gallon gasoline price by December 2025 and a $4.789 price per gallon by January 2028. While gasoline prices are down recently due to financial troubles and low domestic demand, experts forecasted that its price will remain among the top commodities.
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Biden Grants Micron $6.1B for New York, Idaho Semiconductor Plants
Supply Chain Brain
APRIL 25, 2024
The New York plants are expected to come online sometime between 2028 and 2029, while the Idaho site is planning to open by 2026.
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New and Noteworthy Categories on Thomasnet.com for April 2023
The Thomas Blog
APRIL 13, 2023
billion by 2028, according to a 2022 report. High Temperature Pressure Transducers A pressure transducer measures pressure, and high temperature pressure transducers are used when the media temperature surpasses the temperature limits of standard pressure transducers. The global pressure transducer market size is predicted to reach $14.5
Walmart Canada debuts hydrogen truck
Supply Chain Dive
JULY 15, 2024
The Nikola tractor contributes to the retailer’s goal of a 100% alternatively powered fleet by 2028.
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More EVs to be used for mail carriers' routes
Strategic Sourceror
JANUARY 6, 2023
At a bare minimum, the USPS intends at least 40% of its carriers to be using battery electric when the phased transition is complete in 2028. With the goal of obtaining 106,000 all-new service vehicles overall, these purpose-built vehicles may eventually entirely replace the USPS's current fleet of 220,000 gas-powered vehicles.
The State of the Drone Delivery Market! Mainstream or Novelty?
Supply Chain Game Changer
MARCH 15, 2022
Fortune Business Insights measures the global drone delivery market to be $989 million in 2020 growing to $31 billion by 2028, a compound annual growth rate of 54%. The largest end use markets are Retail goods delivery, Medical Aids delivery, Food delivery and Postal delivery.
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