Attractive Opportunities in Warehouse Management System Market

Digital Journal | April 05, 2020

Attractive Opportunities in Warehouse Management System Market
Warehouse management system (WMS) is a software application that helps manage operations in warehouses in the most efficient and productive manner. The warehouse management system market is expected to reach USD 4.82 billion by 2024 from USD 2.06 billion in 2018, at a CAGR of 15.2% from 2018 to 2024. The growth of this market can be attributed to the growth in the e-commerce industry, emerging multichannel distribution channels, globalization of supply chain networks, increased adoption of on-cloud WMS solutions, and rising need for efficient forecasting models. Software is likely to hold a large share of the WMS market during the forecast period. Increasing awareness about WMS software among small and midsized enterprises (SMEs), globalization of supply chain networks, and growing share of cloud-based WMS software solutions are the key factors boosting the demand for WMS software.

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Supply Chain Digest Editor Dan Gilmore reviews our top 10 Supply Chain Innovations of All Time. What's number 1? www.scdigest.com.

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LOGISTICS

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Gatik | February 19, 2021

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SUSTAINABILITY

Blume Global Pledges to Achieve Carbon Neutrality and Innovates to Enhance Supply Chain Sustainability

Blume Global | April 23, 2021

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LOGISTICS

Transforce Group Completes Acquisition Of United States Truck Driving School

TransForce Group | December 24, 2020

TransForce Group, a leader in the transportation and logistics industry, has purchased the United States Truck Driving School (USTDS) in Denver and Colorado Springs, Colorado. The sale was finalized October 18, 2021. TransForce Group is majority owned by an affiliate of Palladium Equity Partners, LLC, a private equity firm, and this purchase marks the eleventh acquisition of the TransForce Group under Palladium's ownership. The recent acquisition of United States Truck Driving School demonstrates our ongoing commitment to solving the driver shortage and to provide meaningful career opportunities for qualified CDL candidates across the country," Dennis Cooke, President and CEO of TransForce Group. The nationally recognized school is a leader in CDL driver training and CDL testing in Colorado. 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"USTDS has been a leader in Colorado for more than five decades, and we look forward to combining and leveraging the great strides both companies have made in educating and training the next generation of professional truck drivers." "Al and his team embody the philosophy that has driven USTDS through the years; they put the student and the driver first. We are pleased that through this partnership, we will continue the great work started by the late Johnny Mauro, founder of USTDS," added Richard Lammers, Owner, and CEO of the United Truck Driving School. About TransForce Group TransForce Group is a recognized leader in the transportation and logistics industry offering innovative and integrated, technology-enabled solutions to third-party logistics, private fleets, and trucking companies to accelerate their growth, improve efficiencies and solve organizational demands. 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The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has made [38] platform investments and over [144] [IR to confirm] add-on acquisitions. For more information on Palladium, please visit palladiumequity.com. About The CDL Schools The CDL Schools is a full-service Truck Driving School. Founded in 1963, and based in Miami, Florida, The CDL Schools specializes in providing training for individuals to obtain their commercial driver's license. The school also provides vocational training and employment training for individuals who are seeking employment within the ground transportation industry. The CDL Schools is a market leader in its innovative and educational approach. 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Spotlight

Supply Chain Digest Editor Dan Gilmore reviews our top 10 Supply Chain Innovations of All Time. What's number 1? www.scdigest.com.