BITE SIZED SUPPLY CHAIN / LOGISTICS INFORMATION Info SNACKS
Hard ACT to Follow California Oregon Washington New York New Jersey Massachusetts States that have approved the Advanced Clean Truck (ACT) rule, requiring a growing percentage of all medium- and heavy-duty trucks sold to be zero-emission starting in 2025. Manufacturers must increase their zero-emission truck sales in those states to between 30 and 50% by 2030, and 40 and 75% by 2035.
54 MILLION Number of autonomous vehicles that will be on U.S. roads by 2024 37% Estimated growth in the autonomous vehicle market by 2023 – Thomas Index Report
HIGHLEVEL WORRIES CEOs worry about supply chain disruption: • U.S. CEOs: Supply chain disruption ranks as their 3rd biggest external concern. • CEOs globally: It ranks 4th. Most CEOs feel unprepared for supply chain disarray. • U.S. CEOs: Just 27% say they are well-prepared to deal with a global supply chain crisis. • CEOs globally: 29% say they are well-prepared. – The Conference Board, C-Suite Outlook 2022 survey of CEOs and other C-Suite executives
“Yes, these are trying times, but this is not necessarily something to be really worried about. We have the best logistics system on the planet. We spend about 10% of our GDP on logistics activities, inventory management, and warehousing. No other country comes close to us.” – Madhav Pappu, Professor, Texas A&M University, Business Department
HOLIDAY RETURNS AND BRUISED SUPPLY CHAINS Consumers favor retailers who provide quick and painless returns. Retailers need to implement the technology necessary to provide a headache-free shopping experience. • 61% of consumers would buy more from a store if the returns experience is guaranteed to be easier. • 61% of consumers are expecting the returns process to be more automated to make the experience faster. • 24% of consumers say checking inventory availability and pricing via handheld and cart-mounted devices would provide a better in-store experience. — SOTI 2021 report
January 2022 • Inbound Logistics 1
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