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Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
Gartner predicts that by 2028, 70% of companies will adopt regionally diversified supplychain models to improve network resiliency in the face of ongoing global disruptions.
“By 2028, 60% of supplychain digital adoption efforts will fail to deliver promised value due to insufficient investment in learning and development” — from a keynote by Tom Enright at Gartner SupplyChain Symposium 2025 last week in Orlando.
The company is consolidating locations as part of its "Network of the Future" initiative, which aims to reduce its labor needs and save $3 billion by 2028.
hundreds to low thousands) as globalization increased supplychain complexity. 20112015: Rising Professionalization Events like Gartner SupplyChain Symposium/Xpo and World Procurement Congress (nearing its 21st year by 2025) gained traction. ERP systems) and supplychain visibility needs. 2,000+ by 2022).
Every supplychain plan or schedule meets variations or disruptions that require corrective decisions and actions. Field research from Gartner highlights that “by 2028, 25% of chief data and analytics officer vision statements will become “decision-centric,” surpassing “data-driven”. But change is coming.
$60 Billion in 2028 is a 40% growth in 5 years. What role will procurement and the supplychain play in achieving this amazing growth? This discussion. To be continued.
The new terminal — which is still in the federal permitting process — is expected to open in 2028, and will accept as many as 280,000 containers each year.
Subscribe to SupplyChain Game Changer. Exploring the Automotive Chip Shortage SupplyChain! PR Newswire states that the Electric Vehicle Charging market is $3B in 2020 and will grow to over $32B (a 33% CAGR) by 2028. Finally, Meticulous Research says the market will reach $104B by 2028 at a 26.4%
But UAW President Shawn Fain has vowed to expand his union’s reach beyond the Detroit three by 2028. Workers at U.S. plants operated by Toyota are not unionized.
T he Cheongju, South Korea-based firm inked a contract December 1 with Samsung to supply cathode-active materials worth 43.8 billion) between 2024 and 2028. trillion won ($33.5
The agreement with Graphite One builds on a 2024 pact between the two companies and is expected to begin providing EV battery materials to the carmaker in 2028.
Reflecting this trend, the global smart warehouse technology market is expected to surge over the next few years, reaching a valuation of $29 billion by 2028, according to data from KBV Research. Brought to you by the StrategicSourceror.
billion by 2028. SupplyChain Training Services According to a recent poll, close to 90% of American CEOs do not expect the global supplychain disruptions to diminish soon, making supplychain training services for businesses increasingly important.
billion by 2028 at a CAGR of 7.6%. Procurement stands to gain a treasure-trove of data as IoT continues to proliferate across manufacturing, supplychains , and warehouses, ultimately enabling real-time inventory tracking, enhanced demand planning, and improved predictive analytics. billion (2020) to a projected $9.5
And by 2028, 68 countries will boast renewables as their main source of power. This is crucial to the goal of tripling worldwide renewables as China accounts for almost 60% of all new global renewable energy capacity expected to come online by 2028.) The country was home to 95% of new solar technology manufacturing facilities in 2022.)
Subscribe to SupplyChain Game Changer. Fortune Business Insights measures the global drone delivery market to be $989 million in 2020 growing to $31 billion by 2028, a compound annual growth rate of 54%. appeared first on SupplyChain Game Changer™. Subscribe Here! Email Address. Love at First Flight!
Its Compound Annual Growth Rate from 2023 – 2028 will be 2.88%. growth in 2023. The United States is one of the fastest growing packaging markets in the North American region. Therefore, investment in the food packaging industry is profitable.
per year on average through 2023, according to the organization’s just-released Freight Transportation Forecast, 2017-2028.” While this is a positive harbinger for business overall, it suggests tighter capacity and a rising freight rate environment as demand for transportation outstrips supply. this year and then 3.4%
Blog post created for SupplyChain Game Changer by, and permission to publish here provided by, Josh Wardini. When popularized, 40% of parcels will be drone-delivered in 2 hours by 2028. Infographic) appeared first on SupplyChain Game Changer™. Subscribe Here! Email Address.
billion by 2028. Automation A Pipefy survey of business and IT leaders found that for finance and supplychain/procurement teams, improved agility and cost savings were among the primary drivers shared by both areas.
And in the period between 2023 to 2028, renewable electricity capacity is expected to grow by 7,300 gigawatts with solar PV and onshore wind usage expected to at least double over current levels in India, Brazil, Europe and the US through 2028.
While demand is growing, so too is supply – and with it, distributors. The HVAC industry is already highly competitive and is predicted to grow 13% through 2028. Managing a vast number of SKUs across the entire supplychain is no mean feat. But increased competition isn’t the only obstacle that HVAC distributors face.
Keep in mind that this assessment was before the pandemic and its subsequent impact on global supplychains. In addition to the above referenced upheaval, projections that between 2018 and 2028, there will be 2.4
And in the period between 2023 to 2028, renewable electricity capacity is expected to grow by 7,300 gigawatts with solar PV and onshore wind usage expected to at least double over current levels in India, Brazil, Europe and the US through 2028.
billion In its 2028 projections, you can see how Yole’s experts expect certain segments to grow, namely AI and DPUs. AI ASICs: USD 1.5 billion (AI ASICs stands for “application-specific integrated circuits,” specifically those related to artificial intelligence.) Data processing units (DPUs): USD 0.6
According to Statista, more than 200 million homes and businesses have already purchased it with that number expected to at least double by 2028 (link resides outside ibm.com). Today, many popular Internet Service Providers (ISPs), such as Verizon, Google and AT&T, offer 5G networks to homes and businesses.
In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08
Compliance dates for smaller companies range between 2026 and 2028, depending on their registrant type. However, there will be a phase-in period for compliance, with the largest companies reporting, as required, on climate-related risks by fiscal year 2025 and on emissions by 2026. How can IBM help?
Maximize the advantages of artificial intelligence with IBM Watson Omdia projects that the global AI market will be worth USD 200 billion by 2028.¹ Organizations will need to find ways to incorporate their existing workforce into new workflows enabled by productivity gains from the incorporation of AI into operations.
billion in 2028. According to the Congressional Research Service , this affects over 2,000 facilities in the petroleum and natural gas industry, and is expected to see fines of USD 1.1 billion levied in 2026, rising to USD 1.8 This would result in an average facility facing annual fines totaling USD 800,000.
Non-EU companies will have to comply from 2028. Sustainability reporting will also be required of non-European companies that generate an annual net turnover of EUR 150 million in the EU and that have at least one subsidiary or branch in the EU. Without a solid data foundation, managing and reporting such data can be challenging.
A well-oiled supplychain is heavily dependent on energy, and as much of the country pivots away from fossil fuels in favor of cleaner, more sustainable forms for its various transportation needs, the U.S. If all goes according to plan, a substantial portion of its newly renovated fleet could hit the streets by the end of the year.
Thank you for making us think or rethink what supplychain resilience really means: I wrote an article for The Procurement Italia magazine, which will be published on May 5th ( Micol Barba ). The article is titled “What 1930 Can Teach Us About Tariffs And SupplyChains In 2025.” Supplychains diversify (e.g.,
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