Applying Blockchain in Logistics & Supply Chain Management: 5 Reasons Why Supply Chain Execs Need to Know More

Cerasis

Intermediaries may include financial experts, data analysts, freight auditors, and more. Although it may seem counterintuitive for a third-party logistics provider (3PL), like Cerasis, to trumpet such prospects, the resounding impact will drive greater efficiencies in supply chains. In general, today’s supply chain executives and managers continue using outdated, manual data entry processes, which will increase risk. Blockchain Logistics Supply Chain

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

With rapid growth in technology, the logistics industry across the globe is experiencing a paradigm shift with fast track development driven by unique innovation and sturdy growth in the evolution of technology. The new technologies are not only re-shaping the marketplace but also offering collaborative operation models for seamless logistics maneuver. during 2018-2023, reaching a value of US$ 1,374 Billion by 2023.

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Disrupting Logistics: 4 Innovative Blockchain Startups to Watch in 2018

Techgistics

The global logistics market is predicted to reach US 15.5 trillion in 2023. As a result, venture capital has poured into logistics startups over the last few years in an attempt to digitize the supply chain. Even with large sums of money thrown at start-ups over the last few years, the logistics business is still a tough nut to crack. Here are a few blockchain startups in logistics that could cause massive disruption in the industry: ShipChain Shipchain is a U.S.

Digital Supply Chain Predictions!

Supply Chain Game Changer

This is a lot to absorb in this short article, but it should be considered seriously by those intending to be operationally competitive in the logistics market moving forward. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Blockchain Makes a Strong Case for the Pharmaceutical Industry

Logistics Trends and Insights

It’s increasingly looking like a viable solution for one of the industry’s biggest problems thanks to its ability to track and trace data without it being altered. Food and Drug Administration (FDA) began accepting pilot project proposals to identify solutions for meeting the 2023 requirements of DSCSA. The proposed solution is a combination of (a) business rules and standards that govern how data is shared and (b) a blockchain-based network capable of enforcing those standards.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

The world of supply chain and logistics is changing every day. Each one is featured as having done something unique to reinvent their supply chain and logistics. Adidas @adidas Adidas is expected to move nearly 20% of its production to more automated factories by 2023 , many of them potentially proprietary. Coyote Logistics @CoyoteLogistics Coyote Logistics prides itself on its innovative logistics and supply chain philosophy.

Food Industry Delivery Trends!

Supply Chain Game Changer

Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 – 40% of total restaurant sales. Some restaurants balance this by using food delivery management software that gives them visibility and control over their delivery operations and KPIs, even for data that originated with third parties. Tracking Delivery Data. Subscribe Here! Email Address.

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Building the Future of my Supply Chain

DynaSys

According to Analysts such as IDC, “by 2024 over 60% of manufacturers will rely on AI (Artificial Intelligence) to drive digital transformation across the supply chain, leading to productivity gains of 20%” and according to Gartner “by 2023 at least 50% of large companies will be using AI, advanced analytics and IoT in their supply chain operation”. According to Oliver Wight, a key factor for these trends is the availability of data in almost real-time.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations. Handling data entry and migration is often cumbersome, repetitive, and prone to error.

Trends and Predictions 2020: Supply Chain

Enterra Insights

“Spurred in part by the Internet of Things, supply chains are increasingly integrating data from sensors, GPS and weather patterns to see events and witness scenarios as they occur. Supply chains will be able to procure, source, manufacture and handle logistics across a broad array of players including small to medium businesses. Greeting the new year is like walking into a dimly lit room from the bright sunlight.

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10 Ways IoT Can Improve Supply Chains

IQMS

By 2023, blockchain will support the global movement and tracking of $2T of goods and services annually based on a recent Gartner. By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services. IoT adoption is flourishing in manufacturing, transportation & logistics and utilities.

Multiple Constraints of Route Planning in ASEAN

Abivin

Will ASEAN’s logistics industry rise to challenges? According to SpirE-Journal 2016 Q4 - Spire’s Asia Market Research, ASEAN trade volume is expected to increase by 130% and will be valued at $5,653 billion by 2023. per annum from 2012 to 2023. 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.

Surviving the Retail Apocalypse

Enterra Insights

He explains, “Several studies have shown that Artificial Intelligence (AI) can sift through data quickly. The staff at Material Handling & Logistics magazine report, “A new survey finds that 85% of retail and 79% of consumer products companies surveyed plan to be using intelligent automation for supply chain planning by 2021.”[3] Second, retailers need to leverage the data being created by digital sales.

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The Internet of Things and the Retail Industry

C3 Solutions

They are connected electronically via sensors that collect data like location, motion, temperature, light levels and so on. Likewise, the cost of data transfer dropped from $0.47 Using a combination of the chip data, overhead traf?c million in 2023.

Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

Increasingly, the use of blockchain technology outside of the financial services is also becoming more frequent and prominent, especially in sectors such as healthcare, manufacturing and logistics. billion USD by 2023. Speed up delivery and enable smoother logistics. Auditability – provide full audit trail of data within the supply chain. Smart Contracts – real-time tracking of data.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Transportfolio

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” As technology, predictive analytics, and artificial intelligence rapidly advance, we are leveraging our global network of 1,000 data scientists, engineers, and developers to build solutions that increase our customers’ efficiency, visibility, and reliability.

Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

TMC

According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.” As technology, predictive analytics, and artificial intelligence rapidly advance, we are leveraging our global network of 1,000 data scientists, engineers, and developers to build solutions that increase our customers’ efficiency, visibility, and reliability.

Blockchain – The Answer to the Future of Retail?

EV Cargo Technology

Increasingly, the use of blockchain technology outside of the financial services is also becoming more frequent and prominent, especially in sectors such as healthcare, manufacturing and logistics. billion USD by 2023. Speed up delivery and enable smoother logistics. Auditability – provide full audit trail of data within the supply chain. Smart Contracts – real-time tracking of data.

Transportation TIP List: Week of May 12th, 2019

Transplace

Blockchain Supply Chain Initiatives Will Face Fatigue by 2023 : Despite what some might call a cooling off period, blockchain remains a popular technology trend. Therefore, Gartner predicts that by 2023, 90% of blockchain-based supply chain initiatives will suffer “blockchain fatigue.”. Transportation TIP List: Week of May 12 th , 2019.

Online Grocery Sales Continue to Grow

Enterra Insights

When it comes to processes, Sacra writes, “Pay careful attention to the areas of your business that are most likely to be affected by the introduction of new e-commerce technology, including IT, procurement, operations, logistics and other departments, as they’re more likely to feel overburdened and undersupported during times of extreme change. Data breaches are one of the quickest ways to lose consumer confidence and support.

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50 warehouse automation stats you should know

6 River Systems

According to data from the U.S. Among distribution centers with three or more buildings, 28% had six or more buildings in 2016, 22% had six or more buildings in 2017, and 27% had six or more buildings in 2018, according to Logistics Management. According to Logistics Management , the average clear height of distribution centers was 32.7 In fact, according to Logistics Bureau , “up to 12% of companies are unprofitable after distribution costs are taken into account.”

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Gartner also predicts that by 2023 intelligent algorithms and AI techniques will be an embedded or augmented component across 25% of all supply chain technology solutions. Advanced technologies like machine learning, AI, and data science, when applied to the supply chain planning process, automatically create a seamless and optimized supply chain for manufacturers. This is very helpful, especially when you use data pulled from real-time analytics.

Supply Chain Optimization Software – A Comprehensive Guide for Manufacturers

ThroughPut

Gartner also predicts that by 2023 intelligent algorithms and AI techniques will be an embedded or augmented component across 25% of all supply chain technology solutions. Advanced technologies like machine learning, AI, and data science, when applied to the supply chain planning process, automatically create a seamless and optimized supply chain for manufacturers. This is very helpful, especially when you use data pulled from real-time analytics.

A guide to selling online in the USA

Vinculum

The USA tops the list of the largest consumer market in the world as per the data and the third largest country with high internet penetration. 257 users to increase by 2023 from 244 million in 2018. America is a world leader in cross-border eCommerce exports and imports.

Cross Border eCommerce – Key to Successful Entry in North America

Vinculum

E-commerce retail in the United States is projected to grow from 501 billion US dollars in 2018 to over 735 billion US dollars in 2023. Product data in local language. Logistics – The logistics of the drop shipment model – where the seller ships directly to the customer through DHL or a similar service to reduce inventory risk – can prove to be very expensive per unit for cross border e-commerce. The internet has made the world small and swift.