Last-mile software specialist FarEye has presented the latest findings from its Eye on the Last Mile report, which states that manufacturing growth in the USA is set to double by 2030, that volatile tariffs are affecting supply chains, and that artificial intelligence is fuelling a new generation of logistics companies.
“America’s supply chain is entering its most transformative decade in a century. Manufacturing is returning home, tariffs are redrawing trade maps, and AI is rewriting the rules of logistics,” said Kushal Nahata, CEO of FarEye.
“Together, these forces are creating the conditions for an entirely new generation of logistics leaders – 1,000 companies that will rise by 2030, with the strength to deliver margins above 15%. The last mile is no longer a challenge to be solved; it is the arena where the winners of tomorrow will be created.”
Some key discoveries and forecasts from the Eye on the Last Mile 5.0 report include: cost pressure was named the number one priority by half of respondents; 70% of leaders are targeting 99%+ on-time, damage free delivery; nearly 90% of companies surveyed plan to maintain or increase their reliance on third-party logistics providers by 2030; and a forecast that AI will fuel the rise of more than 1,000 logistics companies in the USA by 2030.
The fifth chapter of the report was presented at the Last Mile Leaders in America event (August 21 & 22) in Chicago, Illinois – the inaugural US edition of an international event series – and surveyed more than 500 US supply chain and logistics leaders.
In related news, DHL and Japanese trading multinational Itochu have signed an MOU to work together on expanding logistics, supply chain infrastructure and distribution capabilities in sub-Saharan Africa. Read the full story here