Several logistics and transportation software providers claim to have machine learning capabilities, but in many cases, the results don’t match the hype.
“We’re looking at finding ideas and turning them into billion-dollar companies and working with key leaders in the industry to help them take advantage of the technologies.”
Big data is opening up opportunities for shippers of all sizes, and used properly, it can help reduce shipping rates and improve customer service.
The contradiction between the federal and state regulations on growing and distributing marijuana could be alleviated by bringing trustability into pot supply chains. This can be done by adopting blockchain technology which can account for every step of the marijuana logistics process from the field to the consumer’s doorstep.
Kenya-based startup Lori has built a logistics platform that is revolutionising the cargo-transport value chain in Africa by seamlessly connecting cargo owners, shippers and transporters via a digital freight marketplace.
Comments by HEXO executive highlight difficulties cannabis producers face in getting product to consumers.
90% of U.S.-based Fortune 500 companies seek assistance from one or more 3PLs.
Modern transportation management systems (TMS) have lowered the cost while increasing the power of the solutions, opening doors for shippers of all sizes to benefit.
Tesla’s V3 Supercharging station discharges 250 kW; Italy’s olive-oil industry is facing an agrarian crisis; Americans are abandoning public transit; French port of Marseille-Fos has joined a blockchain pilot program.
Asset Balance Solutions is the latest member of the Blockchain in Transport Alliance (BiTA). BiTA just released the first blockchain standard for the freight/logistics/supply chain industries.
The LINK 2019 retail supply chain conference concluded this morning in Orlando. The conference, hosted by the Retail Industry Leaders Association, will reconvene in Dallas in 2020.
Onfleet won the first annual RTech supply chain innovation award for its online dashboard application. The application’s software assists businesses to manage in-house deliveries, as well as managing outsourced last-mile deliveries.
As the U.S. government works to ease restrictions on where drones can fly, they could become an attractive target for hackers.
Redwood Logistics spoke on the importance of technology in the retail supply chain at the 2019 LINK supply chain conference in Orlando.
Cold supply chains suffer from opacity in their operations, which could turn disastrous especially during handoffs – when products are left unattended and might slip out of the prescribed conditions it needs to be stored under. Technology like IoT sensors and blockchain could help companies to monitor their cargo movement better.
Sponsored by Redwood LogisticsThe deployment of technology solutions requires many steps, but using a provider that offers an open systems architecture approach can help ease the transition, eliminating both time and cost.
The 2019 LINK supply chain conference opened its exposition today with a keynote address delivered by Richard Johnson, chairman, president and chief executive officer at Foot Locker Retail Inc. (NYSE: FL).
The 2019 Retail Supply Chain Conference – also known as LINK – begins today at the Gaylord Palms Resort and Convention Center in Orlando, Florida. The conference will serve as a networking and learning event for top executives in retail supply chain institutions.
SIMBA Chain has raised $500,000 in a pre-seed financing round, according to PR Newswire. Backers of the round include Elevate Ventures, the Notre Dame Pit Road Fund, Tracy Graham (chief executive officer of Data Reality) and Hari Agarwal (chief executive officer of AECI International).
Sponsored by Redwood LogisticsWe look at emerging trends in retail supply chain.
Brambles, a supplier of reusable pallets, crates and containers for the supply chain industries, recorded strong revenue growth but its profit was much lower in the first half of its financial year, according to results released to the Australian Stock Exchange.
Kerry Logistics (SEHK: 636) has entered a joint venture with E-Services Group (ESG) according to a Kerry press release. The joint venture, Kerry ESG, will increase e-commerce fulfillment in Hong Kong, mainland China and Taiwan, as well as the 10 members nations of the Association of Southeast Asian Nations (ASEAN).
In the transportation and logistics circles, blockchain has been an enigma – a technology that holds extensive promise on paper, and yet on the flip side, is extremely hard to implement.
Descartes Systems Group (NASDAQ: DSGX) has completed its acquisition of Management Systems Resources according to a Descartes press release.
Plus One Robotics helps warehousing robots get scene perception, allowing them to identify and pick parcels from a cluttered pile.
Bergevin, Cristol, and Stauffer want to attack fundamental problems affecting the whole supply chain beyond truckload arbitrage.
January used to be known as the worst month for freight, but consumer trends are starting to change that.
Technology Crossover Ventures (TCV) has made a $200 million minority investment in Finland-based RELEX Solutions (RELEX), a leading provider of retail planning solutions – including supply chains – according to a RELEX press release.
Indigo Agriculture has recently launched Indigo Transport, a digital logistics platform designed to connect shippers and carriers to more efficiently haul agricultural products.
Predictive supply chain visibility platform FourKites has tripled its revenue since its Series B financing last year, and plans to expand its team, add features to its platform, and fund its zero deadhead initiative with the $50 million it has raised in the fresh round of investment this year.
Supply chain investments are helping retailers meet the inventory challenges of a growing market, the National Retail Federation (NRF) reported today in its 2019 retail sales forecast.
Foxconn Technology Group (OTC US: FXCNY) created more uncertainty for its suppliers on Friday when it announced that it’s recommitting to building a liquid crystal display monitor (LCD) factory in Mount Pleasant, Wisconsin according to the Wall Street Journal.
Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $426 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters.
Ruckit specializes in trucking management software for the heavy construction and materials marketplace and brings transparency by networking the TMS systems of the stakeholders involved in a hauling process.
With the growing complexity of supply chains, the technology advantage that managed transportation providers can provide becomes a key value-add for many shippers.
The Grain Transport Report, a weekly publication by the Agricultural Marketing Service (a division of the U.S. Department of Agriculture) released information showing that total export inspections for grain (corn, wheat and soybeans) declined 22 percent from the previous week.
Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.
JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round.
The Agriculture Improvement Act of 2018 removed hemp from the Controlled Substances Act and opened the door for interstate hemp transportation. Now hemp manufacturers are mobilizing to establish supply chains to move their crops.
Desktop Metal, an additive manufacturing [3D printing] firm which specializes in metal printing, announced last week that it raised $160 million from a financing round led by Koch Disruptive Technologies (KDT), a subsidiary of Koch Industries.
Apple’s manufacturing partner Foxconn Technology Group, which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India.
For-hire truck tonnage posted its best yearly growth since 1998, but a decline in ATA’s Index at the end of the year indicated some softening.
Blockchain based supply chain startup Citizens Reserve has partnered with IoT platform Smartrac to assign physical items a digital identity that can be carefully and accurately traced along the supply chain.
Top supply chain trends and Rhode Island collects more in toll revenue than it expected, plus the growing scooter logistics sector and more container checks.
Gilbert becomes first president of fast-growing unit.
U.S. Xpress Enterprises is selling its interest in its Mexican cross-border operation, but the company is not abandoning the Mexican market, says its CEO.
December was a month of growing uncertainty and severe declines in the U.S. financial markets. The only thing that seems to be growing is the level of ambiguity in everyone’s outlook.
Australia is carrying out a series of large scale studies into its domestic supply chain; one study currently underway is into the nation’s freight data requirements. (Photo: Shutterstock).
January’s World Economic Forum (WEF) white paper identified 16 factories that are leading the world economy in manufacturing technology. The United States has only one of these “lighthouse” facilities – Fast Radius’s Chicago factory, located in the city’s West Loop.
Delivery robots, shifting supply chains due to trade wars, and automation slowing productivity in ports
Slync’s next generation supply chain management platform sits on top of legacy systems, pulling siloed data together, analyzing it, and initiating AI-powered workflows, and notifying human operators when they’re needed.
Among news of poor performance in the Chinese economy, one of the most distressing signals for foreign retailers and manufacturers is Apple’s announcement on Wednesday that the company had reduced revenue expectations due to poor iPhone sales in China.
The addition of this capability extends Redwood’s diversified services beyond the Southern border and solidifies its position as an industry leader, with core competencies in multimodal brokerage, transportation management, supply chain technology consulting, asset-based trucking and distribution services.
Hundreds of manufacturing firms in China seek to take advantage of the vast national investment directed at renewable energy and battery storage technology. This motivates China to capitalize on metal resources necessary for launching the electric vehicle industry.
China’s government is making the port-city of Xiamen, in the south-east of the country, one of the main nodes oin its 21st Century version of the Silk Road. A major new initiative involving ports, road transport, maritime carriers, rail transport, common-marketing, a logistics single trade window and many other features are being set up in the City.
Routeique will bring its expertise in end-to-end supply chain management to the Alliance.
In light of various contamination scares and disease outbreaks, it is essential to disrupt food supply chains to create more visibility and transparency as products pass through multitude of stakeholders between the farm to fork.
It seemed like the stuff of posturing and hot air. It was hard to see anything substantive changing from the weekend meetings of the G20 nations in Argentina. Will something more than kicking-the-can come from the concessions?
DHL’s advent into warehouse automation; India struggles with air pollution as coal consumption increases; WTI rates in danger of falling further.
On this episode of FreightWaves NOW, we discuss the giant storm hitting California and how it will impact freight and transportation in the area.
Amazon came out on top according to the judges in FreightWaves’ Research Institute’s inaugural Freight.Tech 25, which identified the most disruptive and innovative companies in the freight space.
The Cass Truckload Linehaul Index reached another record high in October while the company’s Intermodal Price Index points to rising intermodal costs.
Kirchner says Slync spent a lot of time learning the market and what their customers need before they built anything. Asking the questions first is critical.
Companies are increasingly being asked to pay for damages to equipment, even when they are not at fault, according to a national survey conducted by TCompanies.
More of the same. That was the consensus in a quick informal poll of listeners to FTR’s State of Freight webinar on Thursday when they were asked what the most likely outcome was for the U.S. economy in 2019.
The FreightWaves Research Institute will announce the winners of the Freight.Tech 25 next week at the MarketWaves18 conference at the Gaylord Texan Resort & Convention Center in Grapevine, Texas.
In partnership with Slync… It has become clear that the market increasingly views digitization as one of the most important means of creating value and improving the financial fundamentals of companies operating in the supply chain.
Many of the industry’s inefficiencies are the result of a lack of transparency between stakeholders, which creates an inability to plan operations in advance. The pilot program is breaking barriers.
Award-winning supply chain collaboration company welcomes two established entrepreneurs with almost $1 billion of combined exits
Slync, the intelligent platform for shipping, logistics and the supply chain has appointed John Urban and Robert Edwards—two established and successful entrepreneurs with almost $1B in combined company exits—to its advisory board.
The vegetables could be contaminated with salmonella and listeria. Stock sell-off longer than past flash crashes. GM’s driverless cars facing headwinds. Automation needs more planning.
Since its launch, Convoy has been innovating with technological solutions aimed at reinventing the way freight moves across the country. To help fulfill that mission, the company is now expanding beyond its Seattle, WA, roots to a second office located in Atlanta.
Though blockchain is a technology with immense potential, there needs to be some commercial incentive for food supply chains to adopt it in its mainstream processes – the absence of which might let the technology remain constrained to pilot programs.
Home Depot is Uberizing same and next-day last mile delivery with two startups backed by UPS. It’s part of Home Depot’s $1.2B investment to makes its supply chains faster and more efficient.
Adrian Gonzalez, President of Adelante SCM explained that in order to compete in the ever-changing logistics environment, the best thing companies can do is define their own competitive weapon.
Freight Alley, the Mid-South region that includes Tennessee, the Carolinas, Alabama, and Georgia plays an enormous role in the national logistics network
Consumers are expecting brands to reduce unnecessary waste, source products responsibly, and use environmentally friendly transportation and logistics practices. Does this added pressure and complexity impact a company’s bottom line?
Nestlé commits to pumping the brakes on deforestation caused by palm oil production, Maersk surcharges are on the horizon, and Audi announces their plan to break into the electric vehicle market.
Getting participants to join the supply chain is “the number one challenge by far,” says Piscini. “We’ve created the platform to incentivize players across the industry.”
Freight Management Inc. (FMI), a certified veteran-owned and family-run technology- leveraged third-party logistics (3PL) provider, recently became a member of the Blockchain in Transport Alliance (BiTA).
“It’s not just about cars and satellites and cereal,” says CEO Lou Rassey. “It’s about feeding and empowering the world with the things we make. That’s the heart of Fast Radius.”
Is there a way to protect consumers in the multi-billion dollar counterfeiting black market?
Consumer expectations with regard to last-mile delivery have been evolving rapidly, and businesses need to look towards technology to address those needs.
This informative infographic highlights the value and benefits of intermodal.
Intermodal EXPO will take place September 16–18, 2018 in Long Beach, Calif., and is the largest gathering of the intermodal supply chain.
Serve.io has developed technology protocols using blockchain, which it believes can inject transparency in supply chains and cut out middle-men and exorbitant platform fees within the system.
Africa’s beer consumption is far below that of Western markets and growing fast, with one forecast suggesting it could account for 40% of global volume in the next decade.
Unilever, the massive Rotterdam-headquartered company that brings beauty, personal care, and food products to over 2.5 billion people daily, has partnered with JD.com, an e-commerce giant based in Beijing, to expand its reach in China.
The swiftness of last-mile delivery is what separates e-commerce brands from each other, and technology adoption would go a long way in optimizing their supply chains.
Ships becoming increasingly electrified, US retail is rising, and crude oil exports to China have come to a halt.
As the market for IA technology grows, Slync is expanding and investing in its people to solve customer problems and meet demand.
Cyberattacks increase with technology inclusion in supply chains; Tesla doubles loss this Q2; China is pumping billions into OBOR strategy; Aramco drops IPO as fuel prices rise.
Supply chain automation company doubles its team in three months
Amazon spent $21.7 billion in shipping last year – a number which could be reduced if the company took control of its supply chain instead of partnering with 3PLs.
Chainyard, North Carolina’s largest blockchain specialist, announces its alliance with Blockchain in Transport Alliance (BiTA).
Some companies think they have it tough when setting up and orchestrating the delivery networks that shuttle their products from point of origin to end customer, but J.R. Butler faces some especially high hurdles. Read the Full Blog Post
From the first DOT week with ELDs to unprecedented load-to-truck ratios in California to the start of the summer season, the past few weeks have been overwhelming for many shippers. Companies are paying more than ever to move their products and carriers are failing on loads or rejecting primary freight, leading to a very hot […]
SF Holdings, a leading integrated logistics and supply chain service provider based in China, has joined BiTA.
This week, the Council of Supply Chain Management Professionals (CSCMP) published their 29th annual State of Logistics Report, which identified the trends that will impact the industry for the remainder of the year and well into the future.
Donald Broughton says that the oil boom and Trump tax cuts are driving a young industrial expansion cycle; shippers continue to adjust supply chains to minimize transport costs; Google invests $550M in Chinese e-commerce site JD.com; China may put a tariff on US oil imports; Brazil’s trucker strike shattered economic growth outlooks; Asia-North America container rates are softening.
