Bringoz Industry Weekly 6/23

he retail logistics market is expected to surpass $809B by 2032. JCPenney invests in distribution automation. Waabi is using its latest funding to expand autonomous trucking. Read about these stories and more in our weekly industry news roundup.

The global retail logistics market is on the brink of a significant transformation, poised to surpass $809.7 billion by 2032. This growth reflects the evolution within the retail sector, driven by globalization, technological advancements, and increasing consumer expectations. According to a recent report by Allied Market Research, the market generated $238.5 billion in 2022 and is set for substantial growth in the coming decade. Read more.

JCPenney has invested $40 million in its Reno distribution center to increase order efficiency and eCommerce delivery speed. The centerpiece of the upgrade is the implementation of the SDI Joey Pouch sorting solution. It includes new induction process technologies, a fully automated sorter to assemble orders, and a new packing system. JCPenney expects this facility upgrade to improve its omnichannel customer experience. Read more.

Several large investors have contributed $200 million to AI company Waabi’s latest funding round. The new funding will support the company’s deployment of fully driverless, generative AI-powered autonomous trucks in 2025. The increase in strategic capital has Waabi planning to launch fully driverless trucks in Texas, expand driverless operations to new regions and transform the supply chain. Read more.

Direct-store delivery offers several advantages, including improved product freshness, faster restocking, and enhanced operational efficiency. One of the most significant benefits is its ability to foster stronger relationships. Here’s a look at how leveraging direct-store delivery can help retailers build stronger relationships with suppliers and manufacturers. Read more.

By streamlining the supply chain and improving the direct interaction between suppliers and retailers, direct-store delivery offers various benefits that can significantly boost market expansion efforts. Here’s a look at how direct-store delivery can help businesses extend their reach and grow their market presence. Read more.

Retailers need to be fast and flexible to maintain a resilient and successful fulfillment operation. Demands fluctuate throughout the day and retailers must be able to seamlessly adapt to focus on the necessary and urgent tasks. Here’s a look at how retailers can maintain a resilient and flexible fulfillment operation. Read more.