BITE SIZED SUPPLY CHAIN/LOGISTICS INFORMATION Info SNACKS
45 % of supply chain managers at small to mid-sized businesses cite inflation as their top concern 33 % are most worried about a recession
THE LONG AND THE SHORT OF IT The largest percentage of goods, by weight and value, move relatively short distances (less than 250 miles) in the United States. Approximately 73.7% of the weight and 55.4% of the value of goods moved less than 250 miles between origin and destination in 2023. In contrast, about 6.6% of the weight and 17.4% of the value of goods moved 1,000 miles or more in 2023. –U.S. Department of Transportation “The flagship went from being a giant store to a cellphone and the screen.” –Scott Lipesky, chief financial and operating officer, Abercrombie & Fitch
55 % of supply chain leaders are increasing their supply chain technology and innovation investments 88 % plan to spend more than $1 million 42 % plan to spend more than $10 million This investment includes solutions for improved supply chain resiliency and transparency as well as solutions for the ongoing workforce shortage. –MHI Annual Industry Report to be battery innovation and charger compatibility, customer adoption, and raw material availability/costs. –Xometry Automotive Manufacturing Industry Survey EVs LOSING POWER A whopping 84% of automotive industry professionals say that the current status of electric vehicle (EV) innovation is far from where the Biden Administration wants it to be in 2024. The Administration has invested heavily in the EV transition, but a majority of automotive companies are having trouble supplying manufacturing services, parts, and related materials. The top obstacles to EV production seem
–Software Advice global report
For companies that have rolled out Generative AI: 62% have reassessed their GenAI supply chain initiatives in the past 12 months and only 7% have completed deployment . There are two primary reasons: 1. Concern about, and lack of understanding of, the unique risks created by GenAI. 2. Implementation challenges, including a skills gap and maintaining data quality. –EY research
June 2024 • Inbound Logistics 1
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