Business Wire

Report: The Delivery Economy Continues to Grow Despite the Worst Economic Downturn Since the Great Depression

Share

In the midst of economic uncertainty, global businesses are experiencing mounting pressure to maintain a superior delivery experience while also improving environmental sustainability and data privacy initiatives, according to a new report from project44, the global leader in advanced visibility for shippers and logistics service providers.

The new report “Is 2020 the End of the Delivery Economy?” is based on a blind survey of 1,000 consumers and 600 supply chain professionals from the United States, the United Kingdom, Germany, and France.

Results find that despite a down economy, buying decisions are being driven by the Delivery Economy — the pervasive sentiment in which B2C and B2B customers expect low-cost, fast and highly transparent delivery of goods — as well as increased demand for sustainable practices and rising data security concerns. Key findings from the report include:

Delivery Expectations Across Industries Remain High in the Face of Worldwide Economic Challenges

  • 83% of customers do not expect companies to give up fast delivery in an economic downturn.
  • 89% of customers do not expect companies to sacrifice visibility/transparency into the delivery process or expected arrival times in an economic downturn.
  • Only 23% of supply chain professionals said they had a contingency plan already in place reduce the cost of supply chain operations due to an economic downturn.

Sustainability Is Increasingly Important to Customers, Even in a Struggling Economy

  • 78% of customers said they would be more likely to make purchases from companies that prioritize sustainability in the delivery process.
  • 60% of customer said they would pay more to shop from a company that practiced sustainable shipping practices even during an economic downturn.
  • Nearly half (46%) of supply chains don’t have an environmental sustainability plan.

Data Security Cannot be Forgotten in the Delivery Economy

  • 80% of supply chain professionals say the delivery economy has increased the amount of data they manage and store on customers.
  • 82% of customers feel companies need to do more to protect the security of their personal data.

“The Delivery Economy has become the new normal as customers across industries base buying decisions on convenient and sustainable delivery,” said Jett McCandless, Founder and CEO of project44. “These customer demands have become an inflection point for faster digitalization and transformation. As speed and visibility remain a priority, efficient supply chains will be at the center of business recovery and growth.”

“These findings echo what we see in the research community as well: smart data management enables effective supply chain management. But, as data sources and data integrations proliferate, we are all now only beginning to understand the opportunities, and the challenges, that real-world supply chain data coordination will present,” said David Correll, Research Scientist at the MIT Center for Transportation and Logistics. “Ours is a field that is wide open, with big opportunities for profitable problem solving.”

About project44

project44 is the world’s leading advanced visibility platform for shippers and logistics service providers. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions. Leveraging the power of the project44 cloud-based platform, organizations increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional Amazon-like experience to their customers. Connected to thousands of carriers worldwide and having comprehensive coverage for all ELD and telematics devices on the market, project44 supports all transportation modes and shipping types, including Air, Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Groupage, Truckload, Rail, Intermodal, and Ocean. project44 has placed second, behind only Amazon, on FreightWaves’ 2020 Freight Tech 25, a list of the most innovative companies across the freight industry, and received the 2020 SAP® Pinnacle Award as the Cloud Partner Integration of the Year. To learn more, visit www.project44.com.

Contact information

Media Contact:
Mariya Barnes
mbarnes@project44.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Wintershall Dea and Cognite Enable Domain Experts to Harness Value From Data in the North Sea21.9.2020 11:50:00 CESTPress release

In a continued commitment to drive value through digital, Wintershall Dea has agreed with Cognite to deploy Cognite Data Fusion (CDF) to Brage, scaling the Wintershall Dea Data Hub from Germany to Norway. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005336/en/ This effort builds on an existing partnership between the companies. It will allow the ingestion and contextualization of data from the Brage field to build applications which support Wintershall Dea domain experts in decision-making for smart maintenance and production optimization. An advisory tool to enable dynamic separator capacity limits will be developed to support decisions related to production optimization, thereby increasing throughput & reduced OPEX. Safety optimization for critical valves will be achieved by moving from calendar-based maintenance to proactive maintenance, by using contextualized data from valves and other safety-critical equipment.

Sagemcom AMI Solution, a Key Driver in the Swedish Energy Transition to a Sustainable Future21.9.2020 10:30:00 CESTPress release

In September, ELLEVIO will continue to improve the Swedish electricity system by being one the first Nordic DSO to start its 2nd generation smart meters large scale rollout. This massive rollout is the result of joint achievements between ELLEVIO, Sagemcom and its local Partner, ONE Nordic. Since the award in March 2019, Sagemcom has developed and delivered a new generation of S211 single phase meters and T211 polyphase meters which allow ELLEVIO to take up the new energy landscape and customer care. The advanced deep indoor dual cellular technology LTE NB IoT + LTE Cat-M is used to secure the reliability of the solution. In less than 8 months and within a specific context, Sagemcom has developed and certified the new generation of smart meters which are installed in the field by ONE Nordic since June 2020 in Stockholm area. The new key features have already been deployed offering a combination of end-user experience - through a customer local interface (P1 Port) - and Low-Voltage netw

Market Failure? kENUP and YUVEDO High-Level Online Event Kick-starts Call for Projects Tackling the Growing Threat of Parkinson’s and Other Neurodegenerative Diseases .21.9.2020 10:14:00 CESTPress release

On Friday, 18 September 2020, YUVEDO Foundation and kENUP Foundation held a high-level online conference to kick-start an open public call for projects tackling the growing threat of Parkinson’s (PD) and other neurodegenerative diseases (NDD). Despite the predictable medical, social and economic challengesof NDDs, too little has happened in recent years to address the underlying causes of NDDs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005283/en/ Market and Regulatory Failure? High-Level Online Conference Kick-starts Open Public Call for Projects Tackling the Growing Threat of Parkinson’s and Other Neurodegenerative Diseases (Photo: Business Wire) An expert report by Professor Maier-Rigaud of NERA Economic Consulting presented at the conference, showed that there are indications for market and regulatory failure around the development of interventions against PD and other NDDs: High risk in product development is

PMI Announces Keynote Speeches at International Forums During UN General Assembly21.9.2020 10:00:00 CESTPress release

MEDIA ADVISORY: Philip Morris International Inc. (PMI) (NYSE: PM) today announced its participation in a series of events over the course of the United Nations General Assembly. Senior executives, including PMI’s CEO André Calantzopoulos and COO Jacek Olczak, will address international forums to talk about the critical role that science can play in driving innovation, progress, and policy to tackle the most pressing global issues. Keynote virtual events include: September 21: PMI COO Jacek Olczak is joining the Diplomatic Courier’s “The SDG’s in Action Forum”discussing “Industry, Infrastructure and Innovation” September 23: Silke Muenster, Chief Diversity Officer, will address The Hill’s “Work Defined” virtual event September 24:PMI CEOAndré Calantzopoulos will present high-level remarks during the 2020 Concordia Annual Summitexploring “Leading Industry Transformation with Purpose” September 29: André Calantzopoulos will be a panelist in a custom event with Dow Jones' The Trust on “Mul

Thales Empowers Organisations to Simplify the Discovery, Protection and Control of Sensitive Data21.9.2020 09:00:00 CESTPress release

Thales today announced the launch of the CipherTrust Data Security Platform, the industry’s first unified data protection solution that enables organisations to discover, protect, and control their most sensitive data wherever it resides. The new platform helps solve key challenges they face today. These include data security complexity caused by multi-cloud adoption, evolving global and regional privacy regulations, as well as the risk of data breaches from external and internal threats. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005046/en/ Copyright Thales Drawing from years of data protection innovation, Thales has built the CipherTrust Data Security Platform to seamlessly unify data discovery, classification and data protection, along with strong access controls and centralised key management. The ‘all-in-one’ platform combines the best of Thales’s Vormetric and SafeNet KeySecure technologies to give organisati

Inflazome Announces Acquisition by Roche21.9.2020 08:00:00 CESTPress release

Inflazome announced today that it has closed a share purchase agreement with Roche (SIX: RO, ROG; OTCQX: RHHBY) in which Inflazome’s shareholders received an upfront payment of €380 million, and are eligible to receive additional contingent payments to be made based on the achievement of certain predetermined milestones. Inflazome was founded in 2016 by leading medical researchers Prof Matt Cooper (University of Queensland, Australia) and Prof Luke O’Neill (Trinity College Dublin, Ireland). The company is a leader in the development of inflammasome inhibitors. The acquisition gives Roche full rights to Inflazome’s entire portfolio which is composed of clinical and preclinical orally available small molecule NLRP3 inhibitors. Roche intends to further develop NLRP3 inhibitors across a wide variety of indications with high unmet medical need. Matt Cooper, Chief Executive Officer, Inflazome, commented: “We are delighted to close this deal with Roche, an outstanding pharmaceutical company w