Chain of Custody: The source of control in global supply chains? – IoT Beyond the Buzz

Global Trade Management

The chain of custody certification offers the ability for public and private entities to chronologically document (physically or electronically) the ingredients, components and final products, their condition from production to destination as well as along the distribution lines recording any disruption in the product’s environment that could negatively influence the products quality or performance. This documentation should be precise enough to also be validated by a court.

Pricing Power in a Cargo Bazaar: Does Revenue Management Add Value?

Supply Chain Nation

Logistics Service Providers (LSPs) were the center of the cargo transportation universe and the shippers were fully reliant on them for all their logistics needs. A true cargo pricing bazaar was the result. Those were the good old days.

Cargo 71

Incoterms 2010 the Right Way - SupplyChainOpz

Supply Chain Opz

In global supply chain , most companies try to take an advantage of low-cost country sourcing to drive material costs down. Then, incorporating the knowledge of cargo insurance into Incoterms will ensure that risk can be mitigated and trading partners can do business with confidence.

Cargo 151

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. It knows where it’s located, that it has all shipping documents attached in virtual form on the blockchain, and when it runs into trouble can call for help.”

Transparency and integrity for your supply chain

Global Trade Management

Clarify liability issues Especially with liability issues the source related documentation is crucial. The recipient of a shipment can for example demonstrate when and where in the distribution chain, the cargo has been damaged. Operating a global supply chain without really knowing where and in which conditions the cargo is, who has custody of it, or when a major event occurs, is experiencing the supply chain, not managing it.

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

Talking Logistics

At a minimum, companies will need to be familiar with these most common documents: Bill of Lading (BOL) – A bill of lading is an essential document for any freight shipment. In Mexico, the basic Mexican import document is the pedimento de importacion.

Mexico 329

Guest Blog: 13 things you need to know about freight forwarding

NC State SCRC

International export and import documentation. Your freight forwarder is in charge of your precious cargo, so it’s important that you establish a good working relationship with them. You want to ensure that you choose a company that you can trust and rely on, as well as one with impeccable customer service to ensure that your cargo shipments arrive safely and on time. These extra services include warehouse storage, cargo insurance, cargo tracking and dangerous goods handling.

Cargo 43

How to Improve Freight Labeling for Transport and Logistics Management

Cerasis

Incorrect or missing labels are a source of frustration for packers, handlers, freight forwarders, customs officers, haulers and those receiving the goods. However, if the information on labels or paperwork is incorrect, putting them inside the cargo makes no difference.

Blockchain in freight forwarding – Is it the next big thing?

20Cube Logistics

Well, with so much complexity, one would certainly require a reliable and transparent source to carry such enormous data and activities. Each time cargo is shipped, the transaction is documented, creating a permanent history of the shipment from order to delivery.

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

Talking Logistics

Blockchain might not be able to solve, cure, or save everything as the hype suggests, but there are certainly applications where the business case makes more sense, such as global trade because of the many different parties, documents, regulations, and financial transactions involved.

AMI Selects BluJay as Strategic Partner for Supply Chain Execution Technology

BluJay Solutions

AMI anticipates that the first branches will start using the new platform in September of 2019, providing customers with the ability to request instant quotations, make online bookings, access digital track and trace, and collaborate via document exchange. AMI have strong carrier relationships, that provide their customers with a competitive and single-source of capacity for all their needs.

Top 10 Supply Chain Innovations of 2018

Material Handling & Logistics

Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Source ID. Content Summary: Autonomous Boats Could Ferry Cargo in Busy Cities. Source ID. Source ID.

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. Automated payment processing will reduce instances of payment fraud, prevent documentation issues, and increase the accuracy and validity of all transactions, asserts Abhishek Raval of Express Computer. Reduction in costs and hassle associated with cargo insurance claims filing and processing, says CargoX Founder and CEO Stefan Kukman.

This Week in Logistics News (January 4-8, 2016)

Talking Logistics

This live and predictive analytics platform filters through news sources (including Lloyd’s Maritime, CNN, and more), blogs, social media (ex. Twitter), and natural disaster alerting sources to find and disseminate content relevant to global supply chains.

Cargo 141

Introducing the Freightos Marketplace

Freightos

Sources: A , B. Booking a flight has been electronic for 50 years, but the cargo on airplanes, trucks, and ships is still booked manually. Introducing the Freightos Marketplace. In 1900, gross world production was $175 billion dollars. By 2014, it reached $77 trillion dollars.

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. For example, Christopher Tang reports blockchain solutions are being developed for ocean cargo to help make operations more efficient.[3] Vandevelde concludes, “Transparency in our supply chains is no longer a choice but a corporate responsibility as the demand for fair trade, ethically sourced and sustainable materials continues to grow.

How We Can Leverage Blockchain to Increase Transparency in Supply Chains

EcoVadis

In their example, shipping one container of flowers from Kenya to Rotterdam involves about 200 documents, from the local mills and export authorities to the port workers, customs agents and distributors. Outlook of the Integration of IBM Blockchain for Maersk ( source ).

Kenya 71

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

BluJay Solutions

When the processes are digitally automated, companies can manage their documents in a central hub and file electronically with the various customs authorities. Source: [link].

Russia 107

The Business Case for a Global TMS

3rdwave

A global TMS solution provides an automated and systemic way of addressing the challenges that are the reality for most organizations that source globally. The elimination or massive reduction in manual data and document processing free up operator time for much more valuable activities.

6 Tips to Avoid Common Canada Cross-Border Shipping Mistakes

CH Robinson Transportfolio

Whenever possible, you can better position your freight and your business if you make time to find appropriate carriers and drivers and prepare your compliance documentation. All freight crossing the border can undergo cargo examinations. Insufficient documentation.

8-Step Importing Guide For First Timers

EMERGE App

This should serve as a general framework to source products from different countries according to their strengths. We’ve got a great guide on sourcing products from China , for example. By the time you source, produce and receive the goods, the trend would have passed.

Supply Chain Sins, Fallacies, and Mistakes

Enterra Insights

’ Perfection is expected in the product, condition, quantity, documentation, and location.”[2] 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.

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. Unwieldy, error-prone paper documents such as bills of lading are inefficient and costly, especially as digitalization continues to make inroads into other areas of supply chain management.

8-Step Importing Guide For First Timers

EMERGE App

This should serve as a general framework to source products from different countries according to their strengths. We’ve got a great guide on sourcing products from China , for example. By the time you source, produce and receive the goods, the trend would have passed.

What you should know about ASEAN Last Mile Delivery

Abivin

Source The logistics landscape also varies across ASEAN countries. Source Poor infrastructure planning and road construction have led to challenges facing logistics managers. Source 3.

Laos 67

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

Talking Logistics

Exclusive: China’s JD.com targets $2 billion fundraising at logistics unit – sources (Reuters). Drone Delivery Canada Commences Testing its Larger 25lbs Cargo Delivery Drone Named the Raven X1400.

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Well-documented ~ Your contingency plan is of little value unless all relevant stakeholders are trained on it and prepared to jump into action when a disruption does occur. Identifying sources of risk and developing a plan are only part of the story. What alternative plants/factories/sources of supply do they have at their disposal?

Takeaways from TPM 2019

3rdwave

What’s more, that vessel will need to be repositioned twice without cargo, resulting in lost revenue for that asset. In fact, when each of the parties issues their documentation, it seems as though each party trusts the information contained in each shipment.

Takeaways from TPM 2019

3rdwave

What’s more, that vessel will need to be repositioned twice without cargo, resulting in lost revenue for that asset. In fact, when each of the parties issues their documentation, it seems as though each party trusts the information contained in each shipment.

World Port Community Sets Priorities

Material Handling & Logistics

The group also looked at other key port industry hot topics including container weighing standard processes, ISPS adoption, e-maritime and ship reporting, electronic FAL documentation use, CTU packing codes, safe mooring procedures and maritime signage.

Cargo 70

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

A key component of an ELD system is a mobile printer enabling the driver to print documents right from the truck cab in compliance with government regulations. This includes the ability to track a ship in the middle of the ocean, a pallet inside an aircraft, temperature of frozen cargo, etc. Forwarders want flexible, real-time routing and pricing from carriers, while shippers want to instantly price and book freight quotes, comparing sourcing alternatives, shipping routes and modes.

Trends 130

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks.

Global 280

Supply Chain Best Practices: Preparing for the Worst

Elementum

Potential Sources of Disruption. Well-documented ~ Your contingency plan is of little value unless all relevant stakeholders are trained on it and prepared to jump into action when a disruption does occur. Identifying sources of risk and developing a plan are only part of the story. What alternative plants/factories/sources of supply do they have at their disposal?

What are the Impediments to an Effective Global Trade?

Global Trade Management

Global Cargo Monitoring / Cargo Tracking. By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. If you define an ‘Effective Global Trade’ as a trade that is executed on schedule, without damage to the cargo and at planned cost, then your threshold for an ‘Effective Global Trade’ is too low. arviem real-time cargo monitoring.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line.