BITE SIZED SUPPLY CHAIN / LOGISTICS INFORMATION Info SNACKS
$214.6 Billion U.S. retail e-commerce sales for the third quarter of 2021, a decrease of 3.3% from the second quarter of 2021. 13% of total sales Percentage of e-commerce sales in the third quarter of 2021
TRACTOR-TRAILERS THAT PARK THEMSELVES Outrider, an autonomous technology provider, announced a first-of-its-kind backing feature for tractor- trailers. Imagine it this way, the company says—an untrained 5-year-old could now, in theory, back up a semi-trailer with the click of a button.
BOEINGBUILDS WORLD’S LARGEST TWIN-ENGINE AIRFREIGHTLINER As part of a new 50-aircraft deal with Qatar Airways, Boeing has introduced its new 777-8 Freighter, the world’s largest, longest-range twin- engine freightliner, with the same payload capacity as the 747-400 Freighter. Being built at Boeing’s Everett, Washington facility, the first 777-8 Freighter is scheduled for delivery in 2027. 73 Days Average time it takes a company to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross- ocean journey. This is 15 days longer than this same quarter in 2021. ––E2open, Ocean Shipping Index, as of Jan. 1, 2022
–U.S. Census Bureau
“When every carrier has more business than they can handle, a shipper becomes a glass of water in the ocean. Hopefully, shippers had been cultivating their relationships
with carriers before the pandemic.” – Lonny Holston, export operations coordinator, Mickey
REAL ESTATE GETS REAL • Industrial vacancy rates hit a new historic low in Q4 2021, while some coastal markets saw double-digit rent growth. • Newly completed buildings are leasing up quickly, and a record 652 million square feet of space is still under construction. • The supply chain crisis persists, with no end in sight. • Prices are rising for goods, labor, and transportation, with increased inflation challenging industrial production. • Consumer trends, including high e-commerce demand, will support strong warehouse market fundamentals in 2022. — Savills, Q4 2021 U.S. Industrial Market Update
February 2022 • Inbound Logistics 1
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