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EU Push to End Forced Labor Could Drive $7B in Spending on Supply Chain Visibility

Supply Chain Brain

Verdantix predicts a $7 billion market for supply chain sustainability software by 2029, with EU manufacturing and retail firms expected to drive the bulk of that spending.

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Retailers can tap into generative AI to enhance support for customers and employees

IBM Supply Chain Blog

trillion on retail businesses through 2029. While generative AI currently makes up only 9% of the retail industry’s bottom line impact in 2023, IHL anticipates generative AI will grow to represent 78% of the total financial impact by 2029, reaching a total of USD 4.4 trillion in that year.

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New and Noteworthy Categories on Thomasnet.com for May 2023

The Thomas Blog

billion by 2029, with the demand for helical gearmotors increasing rapidly due to their smaller size. Helical Gearmotors Helical gearmotors are commonly used in conveyor systems, pumps, mixers, and other machinery that require high torque at low speeds. The global gear motor market is projected to grow from $7.03 billion in 2022 to $8.91

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Capgemini and IBM Ecosystem strengthen partnership for Drone-as-a-Service

IBM Supply Chain Blog

billion by 2029, at a CAGR of 28.58% in the forecast period. They use drones for tasks as simple as aerial photography or as complex as sophisticated data collection and processing. The global commercial drone market is projected to grow from USD 8.15 billion in 2022 to USD 47.38

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10 everyday machine learning use cases

IBM Supply Chain Blog

Machine learning (ML)—the artificial intelligence (AI) subfield in which machines learn from datasets and past experiences by recognizing patterns and generating predictions—is a $21 billion global industry projected to become a $209 billion industry by 2029.

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Biden Grants Micron $6.1B for New York, Idaho Semiconductor Plants

Supply Chain Brain

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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CPO Spotlight: Rachel Lemos

Procurement Heads

Fleet replacement is one, with plans to replace seven major vessels with the first ship scheduled to enter service in 2029. The first new major vessel is set to enter into service no later than 2029, currently tagged for 2026. I would say a big focus for us is our planned major vessels programme.