Logistics News
Abercrombie’s Growth, AI Holiday Trends, and E-commerce Boost
Abercrombie & Fitch saw a 16% growth in 2023, reaching $4.3 billion in sales under CEO Fran Horowitz. Salesforce predicts 63% of Western consumers will shop on Chinese apps like Temu and Shein in 2024, with 53% using AI for gift ideas. Global e-commerce is...
Canadian Retail Growth, Warehouse Drones, and Warehouse Automation Growth
Canadian retail sales grew 2.7% in April, with discretionary spending up only 0.5%. Swiss sportswear brand On uses Verity’s warehouse drones to boost inventory visibility. Canadian shoppers are reluctant to adopt new retail tech and wary of social media ads, says...
Canadians Seek Value, Drone Delivery Costs, and Tech in Supply Chains
PwC Canada's 2024 survey reveals 44% of Canadians see inflation as the top threat, with 43% ready to switch to brands offering better value. Despite advances, drone delivery remains unprofitable for companies like Walmart, Amazon, and DoorDash. Alithya Group Inc.'s...
Canadian Retail Growth, Warehouse Drones, and Warehouse Automation Growth
Container volumes at 12 major US ports are key economic indicators. In 2024, beauty manufacturing will prioritize profitability, quality, transparency, and sustainability. The NRF forecasts a 2.5%-3.5% rise in retail sales to $5.23-$5.28 trillion. A KPMG survey...
Lulus’ Fashion Diversifies Shipping, Tesla Pushes for Electric Trucks, and Robotic Cargo Management
Lulu’s Fashion Lounge Holdings saved money in Q1 by diversifying shipping carriers. At the Advanced Clean Truck Expo, Tesla’s Semi executive urged faster adoption of electric trucks. Autonomous robots now handle cargo at Munich Airport. Toyota launched Tri-gen, a...
Electric Truck Costs, Ontario Funding Boost, Mullen Acquires ContainerWorld
Ryder System highlights high costs and infrastructure challenges hindering electric truck adoption. Ontario boosts its critical minerals sector with a $15 million investment. Mullen Group acquires ContainerWorld Forwarding Services. FedEx Express anticipates U.S....
2023 Mall Productivity Rankings, Last Mile Delivery and e-Commerce Challenges
Toronto's Yorkdale Shopping Centre topped Canadian mall productivity with significant sales. Aggressive discounting by FedEx and UPS is shaking up carrier diversification. A 2024 survey shows that 98% of Shopify merchants in the U.S. and Canada struggle with...
Ocean trade disruptions, Walmart sells A.I. Technology and Last-Mile Delays.
Ocean trade disruptions are pushing businesses towards airfreight, ProPack Logistics has been acquired by Stord, recent earthquake in Taiwan has disrupted the semiconductor and electronics industries, Walmart is selling A.I. Technology to reduce shipping costs, and...
Logistics Update: New Fraud Tool For Transportation and Autonomous Forklifts With NVIDIA A.I.
Recently in logistics, Transfix Inc. has launched a tool to combat identity fraud in the industry, February saw an 11% increase in global air freight volumes, ArcBest is adopting Nvidia's Isaac Perceptor AI for autonomous forklifts, Westcap Mgt. Ltd.'s invests in...
Logistics Update: Retail Fulfillment Struggles, Supply Chain Risks, and New Predictive Analytics Solutions
Recently in logistics, American Eagle is facing challenges through the merger of Quiet Logistics and AirTerra into Quiet Platforms, A recent opinion piece from Glenn Riggs outlines what he believes are the biggest risk factors for the supply chain in 2024, Rockwell...
Logistics Update: UN Weighs In On Red Sea Crisis, Ocean Alliance Agreement Extends, and New Autonomous Inventory Management Software
The UN Conference on Trade and Development has released a report detailing the profound impact of recent attacks on Red Sea shipping, the Ocean Alliance vessel-sharing agreement has been extended, Fastfrate Group and CPKC Railway have announced the renewal and...
Logistics Industry Sees Growth, Retail Strategies For 2024 and Trade Organizations Unite Over Red Sea Crisis
Chris Jones, EVP of Descartes Systems Group recently published a thought piece highlighting what he believes are the four logistics and transport trends that will shape retail success in 2024, Warehouses are seeing a loss in demand as subleases become more popular,...
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