Cargo trucks have been a common sight on roads around the globe for decades. But while logistics technology has advanced drastically over the years, the trucking sector remained largely untouched until very recently. Due to its dependence on manual drivers and operations, the industry has struggled to overcome major inefficiencies: Excessive paperwork, long waits at distribution centers, running empty trucks, to name a few.
Knowing Where Your Logistics Data Comes from is Very Important. Here’s Why
In the following guest feature, Nick Chubb, Head of Growth at Intelligent Cargo Systems, shares his insights on why the origin and the quality of logistics data is an extremely important aspect of your business and what are the actionable steps that companies can take today to improve it.
We are increasingly becoming data-driven decision makers in both our personal and professional lives. It’s rare that I will step out of my front door in the morning without checking the weather on my phone, and it’s equally rare that I will make a procurement decision without looking up the supplier on Crunchbase or Capterra to research the market, competitors, pricing, and quality of service. This data-driven approach makes sense for many reasons; I don’t often get caught in the rain without an umbrella and being able to see a supplier’s top competitors ensures I don’t ever pay over the odds for a service. When extended to an organization, a data-driven approach enables teams to better serve their customers by using data to drive their actions. If done correctly, it enables an organization to take a far more customer-centric approach to how they do business.
“Across Logistics” Innovation News Release: March 2019
Picture Credit: Boston Dynamics
Welcome to the March issue of “Across Logistics” Innovation News Release, where we are presenting you the latest innovative technologies and important news in logistics that happened over the last month.
How to Solve Empty Container Repositioning Problem with Technologies
Container shipping transports 95% of all manufactured goods around the world. It is the industry that underpins the global economy – the quantity of goods carried by containers has risen from around 102 million metric tons in 1980 to about 1.83 billion metric tons in 2017, which is now worth over $4 trillion of products.
Digitalizing Post and Parcel: A Peek Into the Future
Wondering what’s ahead in the Post and Parcel industry in the next few years? Autonomous Vehicles delivering packages… robots handling warehouse tasks… IoT making the operations smoother… data analytics for managing contingencies… It all may sound a bit futuristic, but companies are already pushing the limits by bringing these concepts closer to reality.
The rise of the eCommerce and the growing demand for returns are driving exponential growth in the Post and Parcel industry. Trying to secure a niche in the market while adapting to ever-changing consumer behavior may seem overwhelming. But companies have a potent toolkit at their disposal: namely, digital technologies. The way Post and Parcel companies use artificial intelligence, IoT, robots, and other innovations will determine their relevance in the future.
“Across Logistics” Innovation News Release: February 2019
Welcome to the February issue of “Across Logistics” Innovation News Release, where we are presenting you the latest innovative technologies and important news in logistics that happened over the last month.
Air cargo: Don’t think of it as the “little brother” to passenger planes. While the industry may be in the shadow of passenger airlines or maritime logistics, the rapid rise of e-commerce has seen air cargo grow in size and importance over the past few years. The industry accounts for an average of 51.2 million tonnes being moved every year, and that number is only increasing.
According to the International Air Transport Association (IATA), air cargo demand grew by 3.5 percent in 2018 as measured by freight-tonne kilometers, and the IATA’s latest Business Confidence Survey said airlines expect freight volumes to continue increasing in 2019. Demand is such that Boeing is increasing production of the Boeing 767 Freighter to three airplanes per month in 2020 – their third rate-hike on the model, which represents a doubling of production since 2016. Not only are traditional air cargo methods increasing, but NASA is also estimating that there will be 2.6 million commercial drones in the skies by 2020.
Air cargo is innovating and moving ahead rapidly, but it should be noted that it is still by far the most expensive method of shipping: Air cargo accounts for just 1 percent of global shipping by volume but 35 percent of it by cost. Startups in this space are always devising new ways to combat such costs and boost efficiency for the benefit of both the consumer and the logistics/transport company.
Every month we select one logistics startup which represents a positive example of innovation in Logistics and Supply Chain and has the potential to alter the way the industry operates. This month, Transmetrics selected СargoX, an innovative Blockchain-based Bill of Lading solution, as the February “Logistics Startup of the Month” for its outstanding contribution to the development of smart, secure and digital logistics.
In order to learn more about the startup and what it does, we have talked with CargoX COO Igor Jakomin Ph.D. about the business and how Supply Chain and Logistics can be improved with Blockchain.
How Artificial Intelligence Can Improve Sustainability in Last-Mile Delivery
Modern technology and logistics infrastructure have made sending a package anywhere in the world easier than ever imagined. The most visible part of logistics – the last mile – is as important as ever, and yet it continues to be complicated.
In major cities, commonplace obstacles like road closures, construction, heavy traffic, and even parking restrictions make the last mile remarkably time- and energy-consuming. For example, London recently announced the expansion of its ultra-low emission zone, making the deployment of last-mile delivery vehicles even more complicated for logistics companies. On the other hand, in more remote areas, the infrastructure (or lack thereof) as well as a low volume of deliveries often render the logistics excessively inefficient.
“Across Logistics” Innovation News Release: January 2019
Welcome to the first issue of “Across Logistics” Innovation News Release in 2019, where we are presenting you the latest innovative technologies and important news in logistics that happened in January.