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From increased affordability and efficiency of the transportation management system (TMS) to the application of Bluetooth technology for superior tracking of product movements, 2016 will be the year in which technology becomes an integral, if not the exclusive, part of the shipping process. Then, Amazon purchased Kiva , and they vanished.
At the onset of 2016, we identified key trends to watch for in manufacturing, and as the year draws to a close, it’s time for an evaluation of our predictions to discover the state of manufacturing. Since e-commerce can be best analyzed by reviewing Cyber Monday 2016, consider the record-breaking sales achieved.
In this first post of a two-part series, we will expand beyond our 6 general manufacturing trends we predicted would shape 2016 to now laser focus on the manufacturing technology trends that will impact manufacturers in 2016. 4 Core Manufacturing Technology Trends for 2016. This goes back to using predictive analytics.
The shipping industry of 2016 is a gross misrepresentation of what was considered “normal” shipping practices in the 1980s or 1990s. Similar to the technology in logistics trends, AIDC and RFID technology, the Internet of Things (IoT) will change in an unusual, profound ways in 2016. Increasing Use of Bluetooth Technologies.
Rather than trying to figure out what is and is not causing problems, you need to know a few basic facts about how the truck driver shortage will evolve in 2016. From May 2014 to January 2016, many trucking companies increased their wages. Turnover Rates Are at an All-Time High. IoT-Based Systems Will Reduce Demand.
2016 will be a defining year for the logistics industry , and transportation management practices must adapt to these changes. For example, a given trucker who drives beyond the hours of service in the ELD could incur stiff penalties and fines from oversight agencies. Previously, rates were determined by freight classification.
Yesterday we began our two part series on 2016 supply chain trends that will drive supply chain management into the future. If you missed the first post, we encourage you to give it a read by visiting the first seven 2016 supply chain trends post here. . Supply Chain Trends 2016: 5 Additional More Areas of Focus.
Our 2016 Manufacturing Report revealed an industry in the state of change, preparing for the next revolution. With claims of hacking the election still permeating the internet, manufacturers are looking upon 2016’s cyber security improvements with even greater scrutiny. Manufacturing is changing.
2016 marched onward with a drive to improve the use of digital technology throughout the supply chain. This infographic, created by GT Nexus , also shows other ways the digital supply chain evolved in 2016. For example, an optimized supply chain is good, but it opens more opportunities for errors. Supply Chains Went Digital.
From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains.
The Top 6 Trends in Logistics Impacting Shippers in 2016. Today, the tech devices that entered the market in early 2016 are obsolescent, and more companies are looking for real-time data-driven decision making opportunities through the Internet of Things (IoT). Like 2016, logistics providers will be tested for weaknesses in 2017.
Technology advancements were among the most exciting topics to watch through 2016. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. billion by 2021.
For example, small-business e-stores have managed to create environments that allow customers to see inventory in real time, reducing problems with excessive ordering. Newer technologies make up one of the most exciting parts of the supply chain to watch in 2016. Omni-Channel Solutions Will Expand to Include and Use New Technologies.
For example, a company’s enterprise resource planning (ERP) systems should be accessible from anywhere within the manufacturing enterprise. Per the International Energy Agency (IEA), more renewable energy installations came online in 2015 and 2016 than fossil fuel-based installations.
She gives an example: Amazon’s ability to deliver packages to a person’s door in under two hours. Its 2016 Logistics Trend Radar report suggests that big data and automated supply chains could lead to previously unimaginable levels of optimization. Young’s example of robot workers involves a company previously mentioned: Amazon.
Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that. The annual growth rate for machine learning and artificial intelligence grew more than 500 percent from 2013 through 2016. Industry 4.0
The development and deployment of autonomous vehicles, machine-to-machine communication abilities and preventative maintenance could all team up to result in even greater savings in 2016, which will further increase investments for the Industrial Internet of Things. Previous Applications of the Industrial Internet of Things in Manufacturing.
For example, even since 2014 online retail sales have seen good improvement. of total retail sales, but in 2016 this increased to 7.4%. But the rate at which it continues to grow is interesting. Even in the last couple of years, the number of people shopping online has continued to rise. In 2014, they represented 5.9%
Regulatory reform has been top-of-mind for supply chain executives and political leaders in the US since the 2016 election. For example, more manufacturers are likely to begin the process of outsourcing services and transportation to 3PLs. Manufacturing is on the cusp of an explosion in growth and innovation in 2018.
Before 2016, augmented reality in manufacturing has been nothing more than a pipedream. A very good example of this is the inspection of bracket installation in fuselage assembly when a tablet camera superimposes a virtual image of the as-designed assembly over the real as-built product.
In fact, the introduction of Qualcomm’s OmniTracs ™ in 1988 and UPS’ roll-out of the DIAD ( Delivery Information Acquisition Device ) four years later are prime examples of pioneering companies investing in mobile technology as a means to drive efficiencies and create competitive advantage.
The predictions for 2016 hinted at these trends, but recent reports suggest the need to alter the common perception of a functioning supply chain is growing stronger. More companies were taking steps before 2016 to improve collaboration across entire supply chains. Risk Management Evolved in 2016.
How Does Procurement Play Into the Use of Artificial Intelligence and Automation in 2016? For example, the use of robotics allows more skilled workers to devote time and energy into the design of a given product, which serves to further improve the level of quality and craftsmanship in complex and simplistic products.
As explained in a recent interview, “ 2016 Telecommunications Industry Outlook ,” with Craig Wigginton , vice chairman of Deloitte & Touche LLP, “mobile devices and related broadband connectivity continue to be more and more embedded in the fabric of society today. For manufacturers, banning the use of mobile devices seems logical.
For example, if a piece of equipment is using more electricity than other equipment of the same type, it may indicate a problem with its electrical wiring. In 2016, the largest cyber-attack in history took place, affecting DynDNS, impacting domain name servers (DNSs) and shutting many sites down for an extended period.
Unlike the virtual reality images of science fiction, augmented reality is a very real factor in today's world, and it will continue to grow in 2016 and beyond. For example, smart glasses in the warehouse are considered a form of Augmented Reality Supply Chain, explains SupplyChainDigest. Yet, many fail to understand what AR is.
According to a report issued by Zion Market Research, the compound annual growth rate is at 21% between 2016 and 2022. Simple Examples of Predictive Analytics. Amazon shopping is a clear example of how your historical shopping trends are churned to predict what you would require in the future. Check out our July Webinar!
I think 2016 and 2017 will make 2014 look like child’s play,” Albrecht said. For example, Major Shipping Company A may have extra room on Truck 1245 and “sell” this space to the 3PL for a fraction of the typical shipping cost. . “It sends everything into a tailspin. The West Coast ports proved that.”
He predicts that this will rise to just over 50% by 2016 and to more than 80% by 2020. Just as in the following five examples that reveal interesting data, best practices, and tips related to the supply chain. Read the Full Blog Post.
From 2016 until 2019, the growth rate is projected to average 2.5% For example, drones can be used to deliver merchandise to remotely located customers within a fraction of the time it takes to deliver the same by road and at a significantly lower cost. In 2015, the US economy has been projected to grow by 3.5%.
Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012. As explained by Richard Jones of Supply & Demand Chain Executive , 2016 will be the year of wearable technology in the supply chain.
Since the 2016 election, the stock market has experienced continuous growth, and if history is an indicator of anything, the stock market is likely to continue growing under the current administration. Take the example of Amazon Prime and free delivery. Demand increases, and available capacity decreases.
This data can then be used to break down organizational silos, which 20 percent of manufacturers hope to achieve in 2016, asserts Louis Columbus of Forbes. For example, a warehouse management system that is not currently connected to the other warehouses in the network cannot accurately generate a demand forecast for a given time period.
For example, a logistics provider will be able to identify potential problems immediately within a given warehouse before the truck arrives. For example, a logistics company in Texas faces up to $58,000 in proposed penalties for violations for not having proper safety management standards in place in March 2016.
In February 2016, Good Morning America brought virtual reality experiences to the masses as everyone went with “GMA on Safari,” reports Fortune magazine (video below). For example, QA applications of virtual reality may include periodic review of products as they’re being created. Control of Robotics.
For example, a shipment of fresh, not thawed chicken should not be shipped at the same time, in the same container as a shipment of fresh fruits and vegetables, due to potential Salmonella cross-contamination. For example, a shipment of potentially perishable or time-sensitive goods is delayed for 2.5
Furthermore, all transportation and logistics providers and entities must have this number on or before September 30, 2016, reports the FMSCA. For existing providers, the deadline to register with the system is September 30, 2016. For example, entities will no longer need to track separate docket and hazmat transportation numbers.
For example, the robot-based processes of milling, grinding, surface smoothing, and polishing seem unrelated. Author information Adam Robinson Adam Robinson oversees the overall marketing strategy for Cerasis including website development, social media and content marketing, trade show marketing, email campaigns, and webinar marketing.
As a result, the use of the TMS is expanding, and it will be one of the greatest technology trends to benefit the shipping industry in 2016. As a result, 69 percent of all shoppers are expected to be fully utilizing a TMS by the end of 2017, if not the end of 2016. Driving Forces Behind the Expansion. A Proven Return On Investment.
Unfortunately, the capacity crunch is real, and shippers need to know how to face the prospects of a slower 2016 to stay competitive and meet the demands of their customers and partner businesses. 2016 is not the year that capacity will break, or it does not yet appear to be headed in that direction. Capacity Is Tight, Not Impossible.
One of the most notable examples remains the creation of Watson, the supercomputer controlled artificial intelligence that defeated Jeopardy! Posted by Mark Zuckerberg on Sunday, January 3, 2016. Now, consider this example is applied to platform-based and software-as-a-service products in manufacturing. My challenges in.
For example, value-added service may include perks when shipping a large quantity of products on a recurring basis. Collaboration is poised to be one of the biggest, if not the biggest, trend for logistics service providers to focus on in 2016. Value-Added Services and Collaboration Rising to More 4PLs.
April 26, 2016 (today) marks the 60th anniversary of the maiden voyage of the Ideal X and the birth of modern container shipping, a development that played a critical role in spurring the global economy. Example of the massive decrease in dock workers as a result of containerisation. Risks include delays, pilfering, damage and loss.
That compares to $511 million in 2017, $286 million in 2016, $163 million in 2015 and $84 million in 2014. “The numbers essentially count all types of investments toward private companies in the space. million in a Series C funding round led by Singapore Exchange. To date, Freightos has raised $94.4
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