Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date. This week: how expectations for rapid delivery are driving competition in the air cargo space; the growing driver shortage in the trucking industry; how in-store mobility could help boost retail sales; the startup business behind reducing food waste; and how the Internet of Things (IoT) will impact the supply chain.
The battle for air cargo space
The growing need to support rapid delivery is driving greater demand for air cargo shipments, reports The Wall Street Journal. The article, Why Airfreight Traffic Is Up: Dog Food and Semiconductors Are Vying for Space, notes an increase in global airfreight traffic, as well as airfreight rates. It also looks at what factors are driving the increased competition in air cargo space, and how the e-commerce giant Amazon is responding.
The struggle to attract new truck drivers
Employment opportunities abound for U.S. truck drivers, according to NPR. The article, Trucking Industry Struggles With Growing Driver Shortage, cites a report from the American Trucking Associations (ATA) that says nearly 900,000 more truck drivers are needed to meet rising demand. The article looks at what is behind the driver shortage, which is a becoming a growing concern for the industry.
How in-store mobility offers retailers hope
A new Chain Store Age article, Study: In-store mobile projects could generate huge sales growth, cites new data from Stratix and IHL Group that in-store mobile initiatives are projected to increase retail sales growth by 146 percent in 2018. The article explores how retailers are leveraging in-store mobility to improve the shopping experience, as well as some of the challenges retailers often face when implementing the technology.
Capitalizing on food waste
A new startup, FoodMaven, is betting big that it can deliver a profit from reducing food waste. According to the Bloomberg article, Wal-Mart’s Walton Family Backs Startup Trying to Cut Food Waste, the Colorado-based business is creating a marketplace for food that is still good to eat, but has been rejected by retailers for reasons such as packaging mistakes, cosmetic flaws or the inventory is no longer needed.
The impact of IoT on the supply chain
There has been a lot of speculation about How IoT Will Impact The Supply Chain. The Forbes article explores how IoT will enable supply chain transparency, resulting in both operational efficiencies and revenue opportunities. IoT benefits such as asset tracking, connected fleets, scheduled maintenance and more are discussed.