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Kyle Henderson and Joe Lynch discuss real time container tracking, which is exactly what Kyle and his team do at Vizion. Kyle is Co-founder and CEO of Vizion , a groundbreaking technology company revolutionizing container tracking in the logistics industry. In the podcast interview, Kyle and Joe discuss real time container tracking.
Happag-Lloyd will track all their container shipments. Shippers – the companies paying Ocean, Rail, and Truck carriers to transport their goods – can do little to speed shipments snarled by port congestion. To drive better estimated times of arrival (ETAs), better visibility is needed. million TEUs.
Management of Ocean Transit Time Reliability and Visibility by LSCMS Shippers’ Council How would Logistics managers explain to their COO and Production group that inbound material will arrive on 23Dec but with 50% probability? What is supply chain visibility and why it is important?
Raw materials are in short supply, many manufacturers have temporarily mothballed production lines, transportation costs are rising, and labor is getting tight on our roadways , railways and ocean vessels. And in the rail car. The ROI will only multiply with visibility into supplies and goods from end to end. The impact?
Managing OTR transportation through disruption is a complex process. We’re sharing seven best practices to improve OTR transportation management, enabling shippers to stay competitive in the face of disruption. Track Carrier Performance Data. Analytics provides visibility into your transportation network and operations.
Mike is the Head of Intermodal Solutions at SONAR, the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. At Stifel, he had primary coverage of the railroad, rail equipment, and truck equipment sectors.
A job that was once as simple as moving goods around now involves managing relationships with suppliers and service providers all around the globe, while also keeping track of the goods as your shipments move closer to their destination. There is a tremendous amount of data to pull together in order to get it right.
How can rail be sustainable? With its environmental advantages, rail is answering the call in addressing challenges of sustainability, mass passenger transit and freight mobility. It plays an important role in the transportation industry as a greener alternative to travel.
Expertise in operations, LTL pricing and procurement, flatbed operations, dry van, tracking and tracing, reality tv shows and how to turn a stranger into your new best friend. FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform.
billion ‘Green Gateway’ rail expansion The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S. Planes sitting around too long may need software or other updates. Pete Buttigieg, U.S.
This involves a lot of long-haul transportation.” But more than half of their shipments – including a significant portion that begin at factories in Asia – travel across oceans or continents These long-distance shipments go by ocean, air, or rail. Molex Realizes it Needs Better Visibility.
Its used to describe practically anything from basic visibility to network-wide fully autonomous solutions. The modern-day equivalent of a control tower is a fully integrated supply chain management system that provides end-to-end visibility, decision-making support, and fully autonomous execution capabilities.
Todays supply chains span thousands of miles, cross continents and oceans, rely on multiple modes of transportation, and involve many supplier tiers. Advanced digital software, enabled by artificial intelligence (AI) like the Blue Yonder Transportation Management solution are purpose-built to address the top causes of shipping delays.
But in terms of transportation, the impacts won’t just be on fuel prices. FourKites , a provider of real-time transportationvisibility solutions, has a big data set around transportation. While rising gas prices drive up the price of transportation, rising natural gas prices also affect global supply chains.
Supply chain processes include procurement from source to pay, together with inbound logistics, production, quality control, outbound logistics and post-sales service. Direct material management oversees the sourcing, procurement, storage, and flow of raw materials, components, and subassemblies.
A truly resilient supply chain is a combination of visibility (knowing what’s happening across your entire network), flexibility (having multiple options when things go wrong), and adaptability (being able to pivot quickly when circumstances change). This really is a case where the saying, forewarned is forearmed applies.
In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. In the rail sector, the big issue is capacity. More demand for rail, particularly from the U.S. In North America the low hanging fruit for long-haul loads is rail.
The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services.
Such meetings are generally hyped as platforms that can bring sweeping global action which makes it very hard for the participants to live up to the expectations. In respect to logistics and transport something remarkable happened at COP26. The first Z – Zero emission road transport: Global MOU for ZE-MHDVs .
Moreover, the company saves $250,000 annually by transitioning the distribution of its transportation model to a more sustainable configuration – moving from 60% truck and 40% rail to 5% truck and 95% rail. It used to take two people anywhere from 10 to 15 days to create a 12-month forecast.
Source: [link]. De Beers tracks diamonds through supply chain using blockchain (Reuters). Robinson Launches Rail Service, Connecting China and Europe. Kuebix Surpasses 10,000 Companies Using Its Transportation Management System (TMS). Rail, One of the Transportation Granddaddies, Still Relevant.
Visibility into Tier I, II and III suppliers, de-risk by developing alternates, build practical BCPs (business continuity plans) and China + 1 sourcing strategy. Logistics hubs will re-emerge at the local/mega city level, and sub-system suppliers and component suppliers will source, assemble and deliver from their own backyards.
Transportation is a complex system, and even minor inefficiencies can have a ripple effect. Solution: Route optimization software: Utilizing software that optimizes delivery routes can minimize travel distances and improve vehicle fill rates, even with smaller loads [1].
One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). We’re seeing the TMS market move in two opposite directions,” I wrote back in December.
Higher Costs and Lower Profits: While recession may incur low demand, operational costs such as energy and transportation can remain high or fluctuate unpredictably. Implementing tracking technologies such as barcodes, RFID, and blockchain provides granular data that enhances both forecasting capabilities and overall supply chain visibility.
Transportation management system (TMS). A TMS is software that collects data and tracks the processes associated with moving goods, both inbound and outbound, and across all modes of transportation including rail, air, surface, and sea. Let’s start with the basics. Warehouse management system (WMS). Automation.
We normally do our Talking Logistics episodes on Tuesdays and Thursdays, but we have one today at 12 ET with Alaster Love from Transplace, where we are going to discuss “ Big Data and Analytics in Oil and Gas Transportation.” September 2014 Freight Transportation Services Index (TSI). Mexico Customs Management.
The typical distribution process in the chemical industry looks mostly like this: The chemical producer distributes goods from various locations to a large number of customers, using different forwarders depending on the company’s diverse transportation requirements. External partners also have their own requirements.
Last week, I was having breakfast with a CEO of a leading software supply chain management company. We discussed the evolution of pattern recognition software and prescriptive analytics. While the solutions are sourced from the same provider, each has a different data definition. I drew the concentric circle drawing shared here.
From sourcing raw materials, manufacturing, and storage, to transportation and distribution, SCM ensures efficiency and cost-effectiveness throughout the entire journey. Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships.
A transportation management system (TMS) acts as the information hub for all things transport related, as well as the software that handles rating, mode and carrier selection, tendering, track and trace, and freight auditing.
I think it’s more that the idea of sourcing and how to buffer certain inventory will be definitely more localized. At the end, maybe towards the supply chain, looking at the transportation, I think companies were also creative and especially after the COVID release a little bit, let’s say, the limitations.
Fast forward to 2013, and the strategy’s success is plainly visible. As well as establishing a pool of educated professionals that the cluster can draw on, an academic partner also provides a platform for research and innovation. This exchange of resources can yield significant cost and service benefits for companies in the cluster.
Consequently, and following this introduction, it is clear that the two functions have a history, it is undoubtedly what we will emphasize on the platform of this blog. The First: The Transportation Era (1950s). The Fourth: Transportation, Deregulation, Physical Distribution and Business Logistics (1980s).
DOVER, NH, October 28, 2020 – Envase Technologies, a mission-critical softwareplatform for the intermodal supply chain, announced today the acquisition of Tailwind TransportationSoftware, an industry-leading Transportation Management System (TMS) built for freight brokers, intermodal, and over-the-road trucking companies.
The logistics industry relies on the efficient transportation of goods between locations and line haul transportation plays a significant role in this. In 2021, in the United States alone, the total transportation logistics costs came to around 1.2 What is line haul transportation? trillion U.S. from 2019 to 2027.
Source: Laurie Cus. Amazon Buys Thousands of Its Own Truck Trailers as Its Transportation Ambitions Grow (Re/code). SAP Launches Enhanced Supply Chain Execution Software for Faster Logistics Planning. HighJump Partners with Advantage2Retail to Bring Best-of-Breed Warehousing Software to Retailers.
Today’s driver shortage is helping to drive transportation costs higher. Some sources recorded up to a 20 percent annual demand increase for large truckload carriers and fleets. The chart below (courtesy of Peter Boockvar ) illustrates historical truck transport cost and consumer goods cost movement.
Regardless of the size of your company or the sector it is involved in, real digital transformation includes using new devices, platforms, systems, and networks to create: More profitable business models. New sources of revenue. The vulnerabilities of the changing supply chain were also visible long before the crisis hit.
The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. Transporting and storing perishable food requires advanced logistics that is beyond the reach of many companies.
trillion on logistics and transportation services in the United States in 2018, an increase of 11.4% billion, while transportation costs increased by 10.4% billion, while transportation costs increased by 10.4% transportation network and other logistics challenges. trillion and motor carrier costs rose 10.1%
A cross-industry study on AI adoption conducted in early 2017 by McKinsey found that early adopters with a proactive AI strategy in the transportation and logistics sector enjoyed profit margins greater than 5%. … Somehow data standards or guard rails must be developed to act as a street cop that regulates the data exchange.”
More recently, the war in Ukraine and the sanctions on Russia have placed limitations on both the overland rail and air freight routes from China to Europe and increased the strain on Northern European ports that were already congested before the war.
The Shipper’s Role in Global Fulfillment and Trade Shippers are responsible for transporting goods from the point of origin to the end of consumption. They are also responsible for selecting carriers and modes of transportation that are environmentally sustainable and socially responsible. Consider the impact in the value chain.
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