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Behind the $5 billion dollars in logistics technology investments. By Eytan Buchman, Head of Marketing, Freightos. Today Freightos announced a $25 million dollar funding round , led by GE Ventures. In the five years since Freightos launched, logistics and technology have increasingly converged. At JOC ’s TPM in Long Beach last month, no less than fifteen sessions featured technology, digitalization, and freight future-proofing.
When you’re looking for ways to benefit your company’s supply chain, you probably look for ways to reduce time or costs in various departments. In most cases, this comes down to the way you might ship, store or produce the products you sell. But what about the way you package those products? Product packaging isn’t typically something you think about in supply chain and logistics, but it actually plays a major role in shipping and producing your products.
Thanks to advancements in technology including cloud computing, internet of things (IoT), drones, and mobile, yard visibility and management are now reaching new heights as the picture of the “Digital Yard” comes into very clear focus. No longer relegated to using clipboards, spreadsheets, and manual systems to manage their yard assets, companies are asking themselves questions like: How can we better leverage today’s advanced technologies to run our yards even more efficiently?
by Alexa Cheater Working in supply chain means getting comfortable with change – changes in supply, changes in demand, changes in capacity, etc. The list is virtually endless. But supply change management isn’t just about dealing with unanticipated supply chain risks and adjustments. Sometimes, it means changing your business processes and company culture to stay afloat in a complex, digitized world.
The $53 trillion manufacturing economy in the US is undergoing a major automation paradigm shift due to Artificial Intelligence (AI). Thanks to new practical frameworks, automation projects that were once impossible or inefficient to implement are now being fast-tracked, and robotics automation is becoming increasingly relevant to a growing number of users and scenarios.
Freightos Raises $25 Million Round, led by GE Ventures, to Expand Marketplace. Press Release. Round extension led by GE Ventures, after 600% order growth in six months following the Freightos Marketplace launch and adoption of Freightos software by 1,000 freight forwarders. (March 29, 2017) – Freightos ®, the logistics technology company bringing freight online, today announced the completion of a $25 million Series B extension round, led by GE Ventures , with participation by additional investo
Third-party logistics providers are evolving in the wake of changing politics, increased public scrutiny and demand for more value-based, not asset-based, services. At the close of 2016, the 21 st Annual Third-Party Logistics Study found the overall use of third-party logistics providers ( 3PLs ) is increasing, but the types of logistics services utilized indicate the industry is entering a shift in how it operates.
Third-party logistics providers are evolving in the wake of changing politics, increased public scrutiny and demand for more value-based, not asset-based, services. At the close of 2016, the 21 st Annual Third-Party Logistics Study found the overall use of third-party logistics providers ( 3PLs ) is increasing, but the types of logistics services utilized indicate the industry is entering a shift in how it operates.
The Internet of Things (IoT) is a network of networks that primarily facilitates machine to machine communication. “Imagine a world … Continued. The post The Internet of Things and Cognitive Computing will Mature Together appeared first on Enterra Solutions.
Note: Today’s post is part of our “ Editor’s Pick ” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. Today’s post is by Kris Kosmala from Quintiq where he shares four takeaways and recommendations to succeed in today’s more digital and automated business environment.
by Bill DuBois Words get thrown around like rice at a wedding these days to describe what makes a world class supply chain planning system : “End to end visibility”, “collaborative planning”, and “what if simulation” are only a few of the many terms you hear when discussing the keys to supply chain success. Don’t get me wrong, these are all valuable attributes, but are often addressed in isolation and problems are usually tackled one functional silo at a time.
Is 100% forecast accuracy attainable? Should it be? Wouldn’t that be called an order? Anyone that has ever had to forecast demand for products or services knows that obtaining a consistently high forecast accuracy is part science and part magic. Minimizing forecast error requires a background in data analysis and statistics while also having a solid understanding of the products, markets and customers you are trying to predict demand for.
Strengthen your operations with the Supply Chain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world. Why Download: Identify and assess critical supply chain risks Ask the right questions to evaluate vendor preparedness Implement effective strategies to reduce vulnerabilities Improve communication, transparency, and coordination across your network What You’ll Learn: How to evaluate and m
On the face of it, Sales and Operations Planning (S&OP) seems to be the most simple and logical of business processes. It’s critical to both commercial and operational success, and intuitively obvious in its importance and application. Yet, its complexity cannot be denied. The entire concept requires a company to update a forecast, which drives the sales plan, to influence the production plan, in order to stimulates the inventory plan, which impacts customer lead time (backlog), drives new p
“If you think about it, for the past couple of decades in supply chain, companies have been focused on optimizing their network and maximizing efficiencies, on creating full truckloads and full order quantities,” said JP Wiggins, Co-Founder & Vice President of Logistics at 3Gtms , in a recent episode of Talking Logistics. “Today, with the Amazon effect and e-commerce, order cycles are a lot faster and order quantities are a lot smaller, which means a lot more less-than-truckload (LTL) shipme
Interim Management is an approach used by companies to “make things happen” within a clear budget and without the headaches of recruiting a full time employee (FTE). The benefits are numerous but initially…….
My job requires a fair bit of air travel so I literally spend a good deal of my time with my head in the clouds. At 6’5” most airline seats are less than comfortable and provide very little leg, arm and shoulder room, so I often find the most practical activity during a flight is critical thinking. Yes, I might look like I am taking a nap but really I am deeply contemplating things like the current state of deploying Supply Chain Planning Technology in the cloud.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
A few years ago, analysts from Source One wrote, “Many analysts would assert that the U.S. and the global manufacturing … Continued. The post Industry 4.0 comes into Clearer Focus appeared first on Enterra Solutions.
Electronic Logging Devices: Are You Prepared? Technology continues to shape the way the supply chain evolves and transportation is no exception to this trend. In February 2016, the Federal Motor Carrier Safety Administration (FMCSA) announced the implementation of mandatory electronic logging devices (ELDs) to track a driver’s hours of service (HOS).
In this week’s Supply Chain Talk , Arkieva CEO, Harpal Singh discusses the key fundamental building blocks for creating a collaborative supply chain. Talks of creating a supply chain have slowly transformed into a catchphrase that’s often touted at Supply chain conferences and lengthy S&OP meetings. However, for most manufacturing businesses, the concept is elusive and at best abstruse.
By Chris Keller | Principal, Supply Chain Design | Chainalytics | The complexity involved in simultaneously optimizing a supply chain network and the inventory within that network has traditionally proven to be a sufficient barrier to completing such exercises. With improvements in tools and methodologies, this no longer need be the case and under certain … The post Enhancing Supply Chain Network Design with Sophisticated Inventory Optimization appeared first on Chainalytics
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
According to the Dun & Bradstreet-produced CIPS Risk Index, “Global supply chain risk grew to a record high at the … Continued. The post Is Supply Chain Risk Management High Enough on Your Priority List? appeared first on Enterra Solutions.
Even in a down business year (e.g., 2008-2009) where transactional truckload shipments dropped by almost 80%, spot rates still cost more than contract rates. In your experience as a shipper, you may already have a general sense that combining and redefining some lanes—particularly low volume lanes—could help you find additional transportation cost savings.
Britain's departure from the EU is "an historic moment from which there can be no turning back", Theresa May has said, and leaving Europe will be challenging, but supply chains need to look for new trade opportunities.
Supply chain management traditionally focuses on coordinating the flow of goods and services from suppliers to manufacturers, to wholesalers to retailers, and retailers to consumers. However, the 21 st century supply chain comes with a few added layers of complexity. In recent years the evolution of the green supply chain or green procurement, have become incredibly popular.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Rapid advancements in supply chain technology are introducing new innovation and potential disruption across industries. As leading innovators are experimenting, most other companies are keeping a close eye on development and are monitoring impacts and opportunities. Industry forces are shaping unprecedented investment around automation – between labor pressures, including rising wages and retention challenges, evolving direct to consumer and order online/pickup in store channels, the Amazon ef
E2open and Steelwedge Join Forces: Analyst Reaction to our Vision for Collaborative S&OP. alyssa. Thursday 30 March 2017. E2open. It has been a little over a month since E2open acquired Steelwedge and the media and analyst receptions to the announcement have been extremely strong. It’s great to see so much positive coverage and it’s exciting that these leading industry experts are also seeing the potential that this merger has on the supply chain market. .
The Internet of Things (IoT) is one of our favorite topics here at ModusLink, and we’ve worked to stay ahead of the pulse to help our innovative customers take full advantage of the opportunities it brings to the supply chain. These opportunities will only increase over the next few years, according to analyst firm Gartner […]. The post The Smart Supply Chain: Bridging the Gap between Connectivity and Value appeared first on ModusLink Global Solutions.
In this week’s What-if Wednesday post , Arkieva Supply Chain Optimization Consultant – Abhishek Shah – shares the results of a what-if demand forecast simulation using the Winters multiplicative alpha parameter. The Holt-Winters Multiplicative Method. Until now we had been varying parameters in the Holt-Winters additive method. Starting this week, and in the next few posts, we will run similar simulations using Holt-Winters multiplicative method.
The supply chain is the world’s most complex logistics challenge, where efficiency and accuracy are critically important to ensure goods are accessible to consumers when needed. Enterprise Resource Planning (ERP) systems play a key role for wholesale distribution companies in this process, serving (among other things) as the inventory management software that attempts to ensure that the right products are available in the right quantities at the right time and place.
There are webinars, and then there are webinars! A couple of weeks ago, Oracle partner, Inspirage hosted a high-interest webinar that covered one topic–Oracle Warehouse Management Cloud Solution. The fact that so many people were interested in learning more about Oracle’s WMS Cloud just hammers home the point we’ve been making for years: There is no better way to build a dynamic end-to-end supply chain solution than with Oracle SCM Cloud and Oracle WMS Cloud.
E2open and Steelwedge Join Forces: Analyst Reaction to our Vision for Collaborative S&OP. alyssa. Thursday 30 March 2017. E2open. It has been a little over a month since E2open acquired Steelwedge and the media and analyst receptions to the announcement have been extremely strong. It’s great to see so much positive coverage and it’s exciting that these leading industry experts are also seeing the potential that this merger has on the supply chain market. .
Tom McLeod of the well-known eponymous logistics software provider published an interesting opinion piece in Transport Topics this week called, “Eight Predictions for Our Industry”. In his salient piece, he laid out what we consider to be some very pertinent scenarios for which companies like his and ours must be well prepared. With a hat tip to Mr.
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