BITE SIZED SUPPLY CHAIN/LOGISTICS INFORMATION Info SNACKS
VIEW FROM THE TOP of manufacturing CEOs report that employee retention rates have improved or remained stable in 2024. 94%
GAME, SET, MATCH
61% 35% 42% 35% 43%
find it easier to fill job openings now compared to the start of the year. plan to expand their workforce in the next year (vs. 50% nationally). expect the economy to improve in the year ahead (vs. 32% nationally). expect to increase revenue in the year ahead (vs. 63% nationally). expect to increase investments in the next 12 months (vs. 34% nationally). – Vistage survey
Starting in 2025, Wimbledon will replace its human line judges with AI to help improve efficiency in officiating. The AI technology, called the Hawk-Eye system, aims to provide “maximum accuracy” in calling lines and faults, minimizing the chances of human error. At the heart of this new AI system are 12 high-definition cameras placed around each of Wimbledon’s 19 grass champion courts, accompanied by sensitive microphones that can hear the ball’s impact. Together, they will track the ball’s trajectory in real time, ensuring every call is as precise as possible. A video operator will monitor the whole operation from an external room, and will be in direct communication with the chair umpire.
MATERIALS ON THE MOVE
of retailers have higher inventory levels than last year, with almost one fifth (19%) reporting they are significantly higher. of retailers started their 2024 holiday promotional sales by the end of October, with close to half (47%) starting as early as September. of retailers are using AI to minimize return rates by offering more detailed product descriptions and sizing information.
56% 62% 47%
–goTRG 2024 Holiday Returns Report
JUNKYARD JACKPOT Three ultra-rare Lamborghini Miuras were recently unearthed from a New York junkyard, where they had been gathering dust for decades. Lamborghini produced only a handful of these models in the 1960s and 1970s. Naturally, collectors were clamoring to restore them to their former glory, despite the monumental effort and expense involved. Sotheby’s put the three cars up for auction, with estimates for the 1968 Miura P400 and 1969 Miura P400 S ranging from $500,000 to $700,000 each, while the 1967 Miura P400—missing its engine and transmission— was valued between $350,000 and $450,000.
A new robotics startup aims to reduce the labor intensity and complexity associated with moving materials in warehouses and factories. Mytra has built a system that relies on just three pieces: a customizable bot, a modular storage rack (pictured), and an intelligent software stack. The bot, roughly the size of a pallet, automatically moves in any direction within the assembled storage matrix and can lift up to 3,000 pounds. The storage system, which can be assembled at any length or width and up to 80 feet tall, consists of steel cells with minimal moving parts that require no power and can be put together in several different configurations. The AI software, designed to automate route optimization and inventory management for the bots, can avoid traffic jams while eliminating the need for fixed inventory slots.
November 2024 • Inbound Logistics 1
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