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Most supply chain and logistics teams have recognized that the only way to combat todays incredible level of uncertainty is by adopting and applying digital tools. With its ability to monitor conditions across the supply chain at every node and touch point digitalization provides the only practical solution.
The solution is to back up, figuratively speaking, to the general definition of the need and see how overall trends and developments in the world could make this need map onto other, different solutions. Essentially, a product is represented as a digital data file that details its shape and dimensions, however complex these may be.
About FreightWaves FreightWaves is the leading freight intelligence provider, offering current digital intelligence and context to the freight community on a central platform. for-hire, over-the-road dry van trucking market, serving as a transparent benchmark for freight pricing and market trends.
However, achieving digital success requires knowledge and understanding, and an ability to drive your company’s digital thinking and transformation rather than be driven by it. We will ask how can we identify the real digital legacy in front of us and truly re-define digitalisation in maritime and transport.
Moving merchandise means contending with hurricanes, pandemics, geopolitical events, unexpected demand, human errors, labor shortages — and the list goes on. Fortunately, digital technology has evolved to mitigate most of these risks, from inbound freight to return authorizations.
Organizations examine past sales trends, apply seasonal adjustments, and make forecasts based on historical models. The companys AI models analyze sales trends, social media activity, economic indicators, and weather patterns to predict demand fluctuations. This reduces excess inventory while maintaining service levels.
Recently my parents sprung it upon me that they want all their old, printed photographs converted to digital format as they are downsizing and don’t have the space or the inclination to view the photos in their traditional photo albums. So, I’ll continue to ponder this conundrum…. Moving with the times. So why am I writing about it?
Even mom-and-pop stores and diners had to step up their digitalization game with the pandemic erupting. Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Digital Transformation Journey. Going Digital: Creation of the Digital Foundation.
The theory is that as more and more devices throughout the supply chain and manufacturing process become part of the ‘Internet of Things,’ they will produce an incredibly rich data stream that will send signals in real-time to trigger a wide variety of events. Digital Twin Model Builders. Next Generation Control Towers.
that is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Notably, George is the former President of leading industry publication FreightWaves where he was responsible for all revenue and commercial efforts, including SaaS, media, and virtual & physical events.
This is nearly double the amount from a decade ago and it seems to be in line with the trend of Halloween gaining popularity in the last few years with the help of social media. Scientists link these events to climate change, which is also behind the increasingly high temperatures and droughts in Spain. Blynsy Publishes Map of U.S.
AI-driven forecasting tools analyze historical data, market trends, and real-time variables such as weather events, geopolitical risks, and transportation delays. End-to-End Digital Transformation Visibility across the entire supply chain is crucial for operational efficiency.
As we head into a new year it is a good time to take a look at the coming year and see what it may hold in the way of trends. We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. Do you have the right people in place?
Before digital transformation revolutionized last mile delivery in grocery retail, one of my favorite activities was going to the supermarket with my family. COVID-19 has been an accelerator that transformed consumer behavior trends, and some of those behaviors are expected to stay well after the pandemic ends. Future Look-out.
Jack Fiedler, the vice president for digital transformation of the global supply chain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supply chains. We have a lot of in-house solutions that we’ve built for our digital transformation, which is my area of expertise.
It is widely accepted that digitization is the key to transforming all areas of the logistics industry. Recent Black Swan events have exposed vulnerabilities within some of the world’s best-run supply chains. However, we are just at the beginning of a long journey.
The theory is that as more and more devices throughout the supply chain and manufacturing process become part of the ‘Internet of Things,’ they will produce an incredibly rich data stream that will send signals in real-time to trigger a wide variety of events. Digital Twin Model Builders. Next Generation Control Towers.
In fact, those events seem likely to produce some headwinds for air freight shippers in 2018 in locating available air capacity, especially during peak seasons. Over the last few years, digitization has become more prominent in the air industry. The air freight landscape has experienced some dramatic shifts in recent years.
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. For example, companies can now do in days what used to take weeks of programming and customization. .
Rather than abandon the idea of updating you on trends emerging in the industry in 2020 and likely to deliver changes in the next two or three years, I thought I’d go ahead with it, and add some insights into how the Coronavirus crisis is accelerating or reversing them. Air Freight Transportation Trends 2020. Digitization is Surging.
Innovation through digitization has pushed control towers from a labor-intensive solution to a foundational system for the automated orchestration of supply chain order flows. Reason #1 You Need Better End-to-End Visibility into Real-Time Events. Digital Control Towers Are About Action. This is the subject of today’s blog post.
With sky high rates, space and equipment issues and other unexpected events, we are about to close out 2021 which will go down in the history of shipping as one of the most chaotic, challenging, and troubling years ever. The post 2022 Shipping Expectations and Trends: An Overview appeared first on More Than Shipping.
Also known as “the 80/20 rule,” the Pareto Principle states that, for many events, roughly 80% of the effects come from 20% of the causes. Here are four ways the digital yard helps companies save time, money, and effort: 1. Management consultant Joseph M.
As 2022 gets rolling, more and more events are popping up throughout the year – both digital and in person. Events are a great way to learn from industry experts through keynote speeches and panel discussions, to network with fellow supply chain professionals, and to promote your business. View SCOPE’s spring events here !
For business leaders, understanding these emerging trends is crucial to navigating the complexities of the modern supply chain and maintaining a competitive edge.” This will involve diversifying supplier bases, increasing inventory buffers, and leveraging digital twins to simulate and prepare for various scenarios.
Companies that adapt to evolving market trends and optimize their sales processes are better positioned for sustainable growth. AI and Data Analytics: Artificial intelligence (AI) and data-driven insights help forecast demand, identify sales trends, and optimize pricing strategies.
Deborah Dull is Founder of The Circular Supply Chain Network and a Principal of Manufacturing Product Management for GE Digital where she is responsible for circular economy, lean management, and customer success. Small factory trend or in-door farming. About Deborah Dull. About the Circular Supply Chain Network. Decentralized lands.
Often times at Logistics Viewpoints, we like to look to the future and highlight the key trends that we see in a given market, or make predictions about what technologies will emerge as game changers in the new year. 2021 was the trough with in-person events severely limited. Some provide what I consider to be the best content.
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries.
Are you interested in expanding your knowledge on the latest trends and technologies within the supply chain industry? Wondering where to find the leading events in your local area? EazyStock has complied a new list of the top 2019 Supply Chain events that you can’t afford to miss. Live Americas 2019 by SCM World. Feb 3-7, 2019.
ERP trends 2024 – achieving business success through the use of innovative technologies Now that Artificial Intelligence and Machine Learning are firmly established, we expect to see a massive take-up of these technologies by manufacturers in 2024. The other emerging area around AI in ERP focuses on trend analysis and forecasting.
The pandemic greatly accelerated the trend to online sales, which means retailers must manage consumer demand through additional channels. Because of the unprecedented events related to COVID, retailers and consumer packaged goods (CPG) manufacturers are in a VUCA environment. Key Takeaways: The New Retail Paradigm.
The process of digitizing global supply chains continues to generate a lot of interest and discussion in the industry, perhaps because it’s really about embarking on a transformational journey. What are the prerequisites to digital supply chain transformation? What is a “Digitized” Supply Chain?
If you were to look at how closely people interact with their digital selves, you would not be mistaken for comparing humanity to a combination of digital and organic matter. As a result, big data may need to be isolated to specific events to ensure data collection does not reflect extraneous factors. .
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. These manufacturing technology trends are leveraging various technology in the pursuit of the same. .
So, what are the mega trends? How does the pandemic and digital technology play into these trends? The pandemic has greatly accelerated this trend. From a supply chain digital perspective, the growth of ecommerce has: Ramped out the growth of each picking automation, including autonomous mobile robots.
Ahead of the WOF SUMMIT , which takes place in Vienna on 4 th -5 th May, we caught up with Chief Commercial Officer of the WOF Group Christoph Grasl and asked him about this inaugural event. LB: What is innovative about your event and how does it differ from rivals? To find out more in information and get your ticket, CLICK HERE.
FreightWaves is the leading Freight Intel provider, offering current digital intelligence and context to the freight community on a central platform. [03:50] I love talking about these trends. It will be a vibrant event with lots of really good speakers. I grew up in a trucking family and worked in my dad’s company.
However, the rapid shifts that companies are going through given the aforementioned trends, progressive companies are laying a robust data foundation and enabling a digital twin of the physical supply chain so they can conduct Design exercises on demand with increasing frequency. Wanted to share these thoughts here.
Ralf Duester, board member of the Bochum-based SCM software specialist Setlog, shows which trends will be important in 2024. At a glance: The top ten SCM trends in 2024 1. Open-source software is increasingly convincing In detail: The ten most important SCM trends in 2024 1. Skilled labour shortage forces action 2.
Mark Morley, Senior Director, Product Marketing at OpenText , provides his supply chain trend forecast for the year ahead. Embracing conversational AI across tomorrow’s supply chains: Companies have been embarking on a journey of digitizing their supply chains for many years. Technology plays a key role in this.
According to the 2017 MHI Annual Industry Report , released in April 2017, 80 percent of executives surveyed believe that digital supply chain will be the predominant model within five years. Sixteen percent think the era of the digital supply chain is already here. And, what disruptive technologies are on the horizon?
What, exactly, can 'digital transformation ' improve upon? That’s how I felt when I first heard about digital transformation. Every article discussed the importance of digitally transforming the supply chain. Using First Principles to Understand Digital Supply Chain Transformation. Everyone seemed to know what it was.
” “With no digital technology to assist the route planning process, I had to estimate all route timings , and I could only use weight to gauge when a vehicle would be filled. After another few years, we upgraded to a new route-planning system based on digital maps. Here is how he explained the daily planning task to me.
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