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Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. Thanks to omni-channel distribution, 3-D printing, self-service logistics and other avenues of disintermediation, traditional supply chain roles are rapidly being transformed into all-new opportunities. Source ID. Source ID.

Eight Key Takeaways From FreighTech 2018:TLV

Freightos

This week, Freightos hosted over forty logistics and innovation executives for FreighTech 2018, a symposium dedicated to discussing challenges and opportunities in the industry. In a conversation beginning at the tail-end of a lecture and concluding on a patio overlooking the Western Wall in Jerusalem’s Old City, I spoke to Celine Hourcade, IATA’s Head of Cargo Transformation. Cargo can’t complain about you on twitter, so there’s less of a drive to relentlessly optimize.

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The Top 5 Changes That Occur With AI in Logistics

Cerasis

There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. Here are the top five ways in which Artificial Intelligence is transforming the logistics industry as we know it: 1) Predictive Capabilities Skyrocket When AI in Logistics is Implemented The capabilities of AI are seriously ramping up company efficiencies in the areas of predictive demand and network planning. Logistics

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Back at work, getting caught up on all of the supply chain and logistics news from the past two weeks. Cass Truckload Linehaul Index (July 2018). I’m curious how the 40 percent reduction in transit time was actually achieved since blockchain doesn’t make cargo ships move through water any faster. On the day I took off on vacation, project44 (a Talking Logistics sponsor) announced “a new international and domestic Parcel tracking and address validation solution.”

This Week in Logistics News (May 7-11, 2018)

Talking Logistics

My wife often jokes that she is the VP of Supply Chain and Logistics in our family. Source: [link]. Moving on, here’s the supply chain and logistics news that caught my attention this week: Uber teams with NASA to make flying cars a reality (CNN). Full block train, single or multiple containers, LCL shipments and oversized cargo are available options. The post This Week in Logistics News (May 7-11, 2018) appeared first on Talking Logistics with Adrian Gonzalez.

5 Things to Know About U.S.-Mexico Logistics

Talking Logistics

Assuming current trends hold, and NAFTA remains largely intact, here are five things to consider when managing cross-border logistics between the United States and Mexico: 1. Completed by the exporter, the bill of lading provides a list of the contents of the shipment, establishes the value of the cargo, and acts as a legally binding document through the shipping process. Mexico Logistics appeared first on Talking Logistics with Adrian Gonzalez.

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Global Trends in Digital Supply Chain - 2018 Review

Abivin

The year 2018 saw the increasing use of advanced technology to give more intelligence to logistics operations. With the end of 2018 approaching, let’s look back with Abivin at some of the most prominent trends in supply chain management. Business Intelligence powered by Artificial Intelligence and Advanced Analytics Modern logistics operation involves many different stages. But what happens when you can’t process a huge amount of data coming from different sources?

Blockchain for Bill of Lading – A Much Needed Update to the Traditional Bill of Lading for E-Commerce?

Cerasis

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. Reduction in costs and hassle associated with cargo insurance claims filing and processing, says CargoX Founder and CEO Stefan Kukman. How Surface Mode Shippers Can Compete in E-Commerce Logistics. Remember the reverse logistics supply chain use of blockchain. Reverse logistics will also see gains through blockchain technology.

How to Improve Freight Labeling for Transport and Logistics Management

Cerasis

To combat the problem here’s a way to improve freight labeling for transport and logistics management. Incorrect or missing labels are a source of frustration for packers, handlers, freight forwarders, customs officers, haulers and those receiving the goods. Goods in’ depots are unlikely to receive mislabelled freight, while incorrect shipping details could result in cargo ending up at the wrong delivery address. Freight Logistics

How To Keep Your Supply Chain Moving Fast as Fuel Costs Rise

Elementum

by the end of 2018. But the largest source of cost increases for most companies have been driver wages and benefits. Companies like XPO Logistics and Old Dominion Freight have implemented a general rate increase of 5.9 Logistics providers also investing in new equipment. Manufacturers of everything from clothing and food to construction equipment are shipping more cargo than usual. shipping Logistics transportation fuel costs trucking

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Taking the “Ouch” Out of Transportation Costs

Talking Logistics

And this global trip isn’t just for sightseeing – leading companies find that a diversified sourcing base and far-flung manufacturing can help cut production costs, increasing the bottom line. No matter how much can be saved from sourcing globally, transportation costs continue to creep in to seriously affect a product’s profit margin. Those concerns have come to prove even more valid in 2018.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries. Yet another possible workaround is the blockchain platform known as Corda , developed by R3 for financial markets but adaptable for logistics.

The Top 5 Impacts of Artificial Intelligence (AI) in Logistics!

Supply Chain Game Changer

There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. Here are the top five ways in which Artificial Intelligence is transforming the logistics industry as we know it: 1) Predictive Capabilities Skyrocket When AI in Logistics is Implemented. In general, the predictive analytics solutions in logistics and supply chain are on the rise. SCM #SupplyChain #technology #logistics #freight #AI #artificialintelligence.

Can Blockchain Really Make Supply Chains More Transparent and Ethical?

Enterra Insights

Hence, the ability to trace each product to its source (product lineage) is critical for companies. Difficulties of managing paper work and different logistical touchpoints in a multi-party transaction between jurisdictional authorities and vendors. For example, Christopher Tang reports blockchain solutions are being developed for ocean cargo to help make operations more efficient.[3]

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day. Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). And relative to emerging data sources of relevant Big Data on global supply chains, one very interesting new player is Spire Global.

Nestlé and XPO Logistics building 638,000-square-foot digital warehouse

EFT

Nestlé and XPO Logistics are co-creating a 638,000-square-foot distribution centre at the new SEGRO East Midlands Gateway Logistics Park in Leicestershire, UK. The custom-designed distribution centre, scheduled to complete in 2020, will feature advanced sorting systems and robotics alongside high levels of automation co-developed with Swisslog Logistics Automation.

Blockchain and the Law of Unintended Consequences

Enterra Insights

” Many analysts are touting blockchain because it holds the potential to solve many challenges currently found in supply chains associated with things like fraud, visibility, and sourcing. “Cargo Volume often defines the cost of shipping freight. 1] Simon London, “ Blockchain explained: What it is and isn’t, and why it matters ,” McKinsey & Company, September 2018. [2] ” Supply Chain @ MIT , 8 November 2018

Supply Chain Risks Come from All Sides

Material Handling and Logistics

cargo ship Peak Pegasus made its way toward the port of Dalian with a load of soybeans. The Peak Pegasus and its $20 million cargo of soybeans continued to drift off the Chinese coast until mid-August , at a cost of about $12,500 each day it sat idle. Sometimes it is done in a supplier portal or managed by a logistics provider, but rarely is visibility comprehensive. Many companies source production in other countries as a means of reducing cost.

Supply Chain Sins, Fallacies, and Mistakes

Enterra Insights

businesses annually spend over one trillion dollars on logistics and ensuring none of that spend is wasted is good for all stakeholders. Surrett explains, “When shipping documents misreport significant attributes of cargo, the resulting inaccurate or false billing can prompt additional carrier charges. Koenemann explains, “The amount of lead time required, combined with the lack of flexibility in typical supply chains, is making many overseas sources problematic.

Some Supply Chain Management Principles are Timeless

Enterra Insights

It still takes a long time for cargo ships to transit the vast expanses of ocean. Failures in cold chain logistics can still cause spoilage. Prepare for the worst but proactively limit your risk through second sourcing, auditing environmental and social compliances, and creating inventory plans that ensure continuity. 1] Rich Weissman, “ Supply and demand still rule supply chains ,” Supply Chain Dive , 5 February 2018. [2] ” Cerasis, 15 March 2018

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What you should know about ASEAN Last Mile Delivery

Abivin

The logistics industry in ASEAN (Association of Southeast Asian Nations) is thriving in recent years, making it a huge logistics hub for both domestic and foreign investors. The shipment of goods to their final destination, referred to as last mile delivery in the supply chain, accounts for 30% of total logistics cost. What are the challenges facing ASEAN logistics managers? Source The logistics landscape also varies across ASEAN countries. Source 3.

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Logistics Trends to Watch!

Supply Chain Game Changer

6 Major Delivery Logistics Trends! As the logistics industry, and the broader business world, looks to 2019, it’s time to explore what the next year will bring to logistics. After reviewing several industry sources most Logistics professionals are in agreement with all of these trends. Big Data And Blockchain Technology Will Revolutionize Logistics. The mass adoption of big data will be a game-changer in logistics. Subscribe Here! Email Address.

Multiple Constraints of Route Planning in ASEAN

Abivin

Will ASEAN’s logistics industry rise to challenges? Source ASEAN is witnessing a growing middle class with increased spending power, which results in a thriving demand for logistics as consumers require better, more varied products and services delivered to their doorstep. The rising growth and integration rate of logistics service providers presents a huge market opportunity in ASEAN’s complex and ever-changing logistics context.

23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 trillion on logistics and transportation services in the United States in 2018, an increase of 11.4%

This Week in Logistics News (July 2-6, 2018)

Talking Logistics

In the meantime, here’s the supply chain and logistics news that caught my attention this week: Trump launches opening salvo in US trade war as tariffs kick in. cargoes, disrupting trade (Reuters). Here are some details from the press release: In business since 2001, Transparix has amassed an impressive roster of clients, including Bosch, Office Depot, Footlocker, ABB, XPO Logistics and many others.

Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

The 2018 FIFA World Cup soccer championship has drawn millions of sports enthusiasts to Russia. If supply chain is the ultimate team sport, the world championship in Russia and other large events are mega-examples of how logistics teams up and down the supply chain must all play a role and work efficiently to deliver the goal. For example, bananas can’t be transported by air, because they spoil in the low temperatures and the varying air humidity of the cargo area.

Rethinking How Enterprises View Public vs. Private Blockchains

Shipchain

In logistics and supply chain, we’ve all been approached about using blockchain technology as a solution to all of the issues the industry is riddled with. So why is that important for logistics and supply chain? Security : Encoded geographic data will improve cargo visibility and reward operators for safe and efficient delivery. When you have a singular source of information proving everything, what if it’s a competitor?

Which States are Making the Grade in Logistics?

Material Handling and Logistics

The 2018 Manufacturing and Logistics Report Card , conducted by Conexus Indiana for the Ball State University Center for Business and Economic Research, rates U.S. logistics are in a remarkable period of expansion,” said CBER Director Michael Hicks, George and Frances Ball Distinguished Professor of Economics and Business Research. . Source ID. Source ID. Source ID. Content Summary: Kentucky ranks 3rd in the nation in total air cargo shipments.

This Week in Logistics News (February 9-13, 2015)

Talking Logistics

XPO Logistics Expands Last Mile Services with Acquisition of UX Specialized Logistics. Transportation Department pushes tough oil train standards – sources (Reuters). With more than 30 cargo ships anchored offshore, countless supply chains scrambling, and the prospect of a $2 billion per day hit on the U.S. Robinson is a Talking Logistics sponsor. With six feet of it on the ground, it’s hard not to talk about snow around here.

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Internet of Things and your Supply Chain

Aborn and Co.

For the sake of explanation, we’ll call the internet you’re using right now – and for every episode of Consulting Logistics – the Internet of People. As of 2017, eight billion ‘things’ connected to the internet and that number is projected to rise to eleven billion by 2018. Normal.

This Week in Logistics News (January 15-19, 2018)

Talking Logistics

I’m short on time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: Maersk and IBM to Form Joint Venture Applying Blockchain to Improve Global Trade and Digitize Supply Chains. LTL rates seen zooming in excess of 5 percent this year (Logistics Management). Bringg raises $12 million for its delivery logistics platform (VentureBeat).

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. In the digital transformation age, logistics is once again undergoing a major shift. These technologies also contribute to a rise in big data and analytics in the logistics field. ” Meet Our Panel of Logistics Pros: Brian Jessup.

Global Vendor Management: What It Is & Why It’s Essential for Your Shipping Strategy

CH Robinson Transportfolio

Consider this: global sourcing, manufacturing, and sales are advancing rapidly, leaving technology providers in the tough position of playing catch up. Even the most expert logistics professionals struggle in those instances. come in, the provider calculates the dates for cargo to be picked up and continues to verify as the delivery dates approach. All freight in a vendor assembly program is sourced for a single company.

6 Tips to Avoid Common Canada Cross-Border Shipping Mistakes

CH Robinson Transportfolio

All freight crossing the border can undergo cargo examinations. A third party logistics provider (3PL) like C.H. Source: Alanna Petroff, “These are America’s biggest trading partners,” CNN Money, December 15, 2016. Source: “2014 Sales Tax Rates,” TaxTips.ca, accessed November 15, 2014. Did you know that the U.S. Canada border is one of the most important borders in the world? Canada is the number one market for U.S.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? I was a little late getting started in 2018, and we were already into 2019 when I got round to publishing my usual trends article.