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More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. But, of course, when dealing with systems that operate at such scale, exceptions happen.
This year alone, Maersk has accelerated its direct-to-shipper strategy, digital forwarders have raised massive rounds (like Flexport’s billion-dollar injection), and platforms for forwarders and carriers – big and small – have continued to pop up almost daily, at least that’s how it seems. Digital Platforms: Threat Or Opportunity?
Freight Forwarding And Digital Customer Service Five Years From Now. Of course, phones shifted from being cutting edge, as did Dial-a-Truck, which became the trucking technology powerhouse known as DAT. Digital trucking platforms reached mass penetration over the last decade – take C. Take trucking. Lessons from Trucking.
Digitization is Your Friend. It’s not news to anyone that digitization is a roaring trend and I’m here to say: embrace it. Suspicion that digitization will eliminate jobs is not without cause—there is no doubt that certain roles are changing or being eliminated by automation. Digitization is not your enemy; it’s your friend.
Lessons from CMA CGM, Maersk and K+N on Transparency and Digitalization. You cannot afford in this day and age not to go digital…digital will become the name of the game”. Two years ago you didn’t hear talk of digitization from ocean liners. Report from TPM Long Beach. By Zvi Schreiber, CEO, Freightos.
Supply Chains Went Digital. 2016 marched onward with a drive to improve the use of digital technology throughout the supply chain. However, this prediction proved to only touch on how important the digital supply chain would become. In the first supply chain trends post, we surmised the previous year’s trends would continue.
Of course, robotics does not tell the full story, as the world of manufacturing has evolved even further over the last few decades, with the rise of data and smart, autonomous systems. Technological advances has often moved faster than digital capabilities. Skills development as a central component of your digital roadmap.
Of course, the pandemic then hit global shores, not to mention the ripple effects of global trade wars. Digital skills gap. To address the digital skills gap, a good ERP provider should provide online training courses to ensure employees understand emerging technologies. In 2019, China accounted for 28.7
Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. ” These tried-and-true capabilities include a Digital Supply Chain Strategy and Network Design. Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Firefighting is the norm. Prescriptive Analytics.
“Digital” has become one of the biggest buzzwords in the transportation and logistics industry. Everything, it seems, is going through a digital revolution. Procurement services and digital platforms are being created, revised, and improved at a pace that the industry is completely unaccustomed to. The Survey By the Numbers .
Hamburg-based startup driveMybox more than doubled its sales in 2021 compared to the previous year and is on a strong expansion course. ” The intuitive and user-friendly digital platform was launched in Germany in 2020. The post Digital trucking platform driveMybox expands appeared first on Logistics Business® Magazine.
The study found that 41% of respondents were investing in automation at a faster clip in response to the crisis, with another 43% of business leaders saying they will speed up investments in digital and technology once some normality has returned. Well, the digital supply chain is the ideal way to tap that value by digitizing documents.
In fact, 53% of merchants and suppliers experience a knowledge gap within their organization when it comes to understanding the value of cross-channel capabilities, according to 1WorldSync’s Charting Course for Global Commerce. Merchants and Suppliers Face Significant Roadblocks in Navigating Cross-Channel Commerce.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. A skills assessment survey was done to measure potential gaps against a pre-determined skills matrix. What should supply chain leaders be looking for to close the talent gap?
In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the Supply Chain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations.
The Digital Freight Ecosystem. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Another direction is digital integration. Digital Forwarding. Part 2: What’s Bringing Freight Online.
FedEx, for example, has been on a multiyear digital transformation journey that included cloud computing and work-from-home capabilities but also widespread sensor technology buildouts, robotics forays and continued support of blockchain technologies. COVID-19 Forces Next Phases of Digital Transformation.
Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Much depends upon the nature of your supply chain operation of course. They increasingly make their wares digital instead of physical and sell on demand. Who will do Reverse Logistics well in the future?
While firms like Amazon are leading the charge, more companies are warming up to the idea of the new ways of doing business by embracing the digital chasm, as it were. Because in the now digitized world of transportation, both transportation and speed of service are goals that directly align with customer service.
Logistics Digitalization Provides an Answer. By digitizing their end-to-end supply chains, including warehousing and transportation, logistics providers can monitor conditions in real time, recognize and communicate exceptions, conduct predictive analysis and drive a fast, synchronized response. While driving a projected $14.1
In fact, a staggering 88% of consumers who participated in the 2018 Global Consumer Insights Survey , confirmed they would pay more for ‘same-day or faster delivery’. Over the course of the past several months, Morai Logistics has highlighted a significant rise in e-commerce shopping. Delivering to E-commerce Markets. Trillion by 2021.
The Digital Freight Ecosystem. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Another direction is digital integration. Digital Forwarding. Part 2: What’s Bringing Freight Online.
Researchers, like Drewry, see freight digitalization hitting the sales process first , reducing the cost of sale. Pioneers may lack coverage (for now), according to a Transport Intelligence mystery shopping survey, but this will soon change. Freight digitalization will reduce their cost to sell and serve. Photo via Uber ).
Of course, in a competitive market , it can be easy to get drowned out. In a recent survey , 79% of shoppers indicated that free shipping would make them more likely to click “Buy.” While marketing is certainly half the battle, did you know that fulfillment also counts as a way to make a major splash? Free & Fast Shipping.
Not all businesses are created equal, of course, and WorkWave wanted to understand, specifically, how those sorts of technologies are improving business processes and customer experience among a specific group–HVAC Service Providers. To that end, the survey found that 50.9%
What is new about gamification though is the application of digital software to make it more engaging, immediate, and suitable for a range of environments beyond the classroom. Of course, gamification can only be used in processes requiring human input, since it drives performance by way of motivation.
Bigger companies with complex global supply chains, however, realised they needed sophisticated digital technologies and streamlined supply chain processes offered by 4PL providers to help them ride out the storm. When the COVID-19 pandemic began wreaking havoc in global supply chains, smaller companies turned to 3PL providers for help.
Including, of course by leveraging global freight tech for BCOs. Leveraging surveys of dozens of leading multinational supply chain leaders, this report explores what BCOs value when selecting forwarders and how advances in air cargo digitization introduce speed and efficiency. Signup Now. Signup Now.
A Freightos survey of 300+ companies sheds light on how importers have been navigating supply chain disruptions. Since then, we’ve sent out two similar surveys – one in June and one at the end of November – to track the effect of increased supply chain disruptions on companies ranging from small businesses to enterprise importers.
Interestingly, the digital codes offer financial rewards that consumers can cash in via blockchain technology platforms, such as bitcoin. Of course, the whole thing is data rich, giving brands crucial information about their customers at point of consumption. “The future for products is open, transparent and fair,” says the business.
For instance, a 2012 survey revealed that only 40% of supply chain professionals believed their educational background prepared them adequately for their roles, pointing to the need for curriculum reform (CSCMP, 2012). Universities must, therefore, adapt their curricula to equip students with the skills required to excel in this digital era.
The (Digital) Rise of SMBs. The digitization of commerce created a path for giants like Amazon and Alibaba to dominate their respective storefront/fulfillment and sourcing roles in the market. That digital reach extended to importing as well.
Supply chain digital transformation continues to drive new technology adoption around the globe, particularly those surrounding collaborative logistics conversations. What’s meaningful digital transformation? It’s the process of seeing the promised results from the implementation and adoption of digital tools.
A supply chain should be set up for the end-to-end orchestration of people, and physical, digital, and financial assets, to meet customer expectations and corporate goals. Events and disruptions are par for the course in supply chain, so we need tactics to kick in for problem resolution. And employees to run them.
Hyperconnectivity is the increasing digital interconnection of people – and things – anytime and anywhere. The sheer enormity of digital information that now connects us is mind-blowing. By 2020 there will be 50 billion networked devices. According to Gartner, Inc.,
Asking these what-if questions entails assessing the impact on multiple areas, such as packaging, production, inventory, distribution, and of course customers. It also fosters the creativity needed to quickly consider alternatives, like those the weight loss makers are employing. Has that changed?
Recent surveys have shown that companies that score highly on their employee development opportunities see 93% less attrition and this also tends to be a contributing factor within the businesses that rank highly in studies such as the Sunday Times Best Places to Work. 2: Upgrade Licences.
Of course, logistics is far from immune. If middlemen compete on either service or price, and digitalization standardizes service levels – then commoditization could have companies shedding staff just to stay competitive. In other words, digitalization and forwarder success go hand in hand. DOWNLOAD SURVEY.
The article presents findings from a survey conducted across over 200 global supply chain professionals to highlight how the pandemic has increased the need for freight market intelligence and how it continues to be relevant even as supply chain issues resolve. This was, of course, an extremely popular use case for market data.
That is why we have conducted extensive surveys and analysis. BB: Firstly, there is the potential of digitalization, particularly the growing importance of data- and cloud-based solutions. However, the focal point for intralogistics of the future is not going to be on automation or digitalization. Q: Instead…?
Supply Chain Cost Management Results: By the time Starbucks had completed its transformation program, it had saved more than $500 million over the course of 2009 and 2010, of which a large proportion came out of the supply chain, according to Peter Gibbons, then Executive Vice President of Global Supply Chain Operations. Procurement analysis.
Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. ” These tried-and-true capabilities include a Digital Supply Chain Strategy and Network Design. Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Firefighting is the norm. Prescriptive Analytics.
The balance is a sensitive one, so sound inventory management, ideally supported by appropriate digital technology, must be a priority. Of course, manual systems allow small business owners to manage inventory with limited investment in systems. That’s a good enough reason to tear down those silos!
As part of an annual effort, Accenture surveyed 30 A&D companies, encompassing original equipment manufacturers (OEMs) as well as tier 1 and 2 suppliers. In another recent report , the firm found that the technology could be deployed along with digital twins — digital replicas of physical objects.
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