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 TNX Logistics, a practical AI software for trucking, as the January “Logistics Startup of the Month” for its remarkable contribution to the development of Artificial Intelligence for transport planning and dispatch.
In order to learn more about TNX Logistics and what they do, we talked with Jonah McIntire, a Co-Founder and Managing Director of TNX, about the business and how it improves the trucking with AI.
Maritime shipping: it’s the quiet achiever of transport. After the revolutionary introduction of containerization by Malcolm McLean back in 1956, the industry was completely transformed. While it once took up to two whole weeks just to load and unload containers off a ship, piece by piece, the implementation of containerization not only has saved a huge amount of time when loading and unloading shipments, but it has also had an incredible impact on our global access to affordable goods: consumers may be surprised to learn that roughly 90 percent of everything we buy arrives by ship. As 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, our current state of intercontinental trade, bulk transport of raw materials, and the imports/exports of affordable food and manufactured goods would simply not be possible without maritime shipping.
However, the industry is at a pivotal moment of change: Seeking economies of scale and lower unit costs, carriers are deploying bigger and bigger ships, already with capacities of over 21,000 TEUs (twenty-foot equivalent units). In addition, 2018 trade tensions between the U.S. and China, the world’s two largest economies, and the Global Sulphur Cap regulation by IMO set to go into effect in 2020 have also sent the maritime industry into a frenzy as they look for ways to cut costs during this uncertain period.
To address these issues, maritime logistics startups are using innovative tools like digital platforms, predictive analytics, fuel efficiency solutions, and others to help companies optimize their operations and cut costs during this crucial time, ensuring that more goods are received in a more efficient way.
Best Logistics Articles of 2018 from Transmetrics Blog
2018 was rich for the discussions about logistics innovations. The industry demonstrated its readiness to move forward and try out new technologies in order to solve the long-going challenges of inefficiency, under-utilization of logistics assets, and limited capabilities of the IT infrastructure.
AI and Big Data, Autonomous Transportation, Blockchain and Predictive Logistics were just a few topics covered by Transmetrics Blog in 2018. The following articles proved to be the most engaging in 2018 among our readers.
The rise of autonomous and electric trucks, drone tests, Blockchain projects, and initiatives… This is just the top of the iceberg of logistics innovation topics which were the high points of 2018.
Each month, Transmetrics Blog was looking into the latest news on the intersection of logistics and technology. And from that perspective, 2018 was truly eventful for the industry. Let’s dive into the highlights and wrap our head around the most important logistics innovation news of the year.
In 2018, Transmetrics Blog was selecting logistics startups that represent a positive example of innovation in Logistics and Supply Chain and have the potential to alter the way the industry operates. Luckily for these companies, the sector offers a lot of room for disruption and such startups are taking up the whole range of challenges – from offering a new way to think about addresses to developing the innovative autonomous and electric vehicles.
Now, at the end of the year, we can surely say that the impact of these young companies on the industry is undeniable and it will be even more interesting to follow their progress in 2019.
In this article, we would like to highlight all the startups featured in the “Logistics Startup of the Month” Series in 2018 and once again demonstrate their importance for the logistics and supply chain.
“Across Logistics” Innovation News Release: November 2018
Welcome to the November 2018 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 past month.
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 FreightBro, the easy-to-install platform for freight forwarding digitization, as the November “Logistics Startup of the Month” for its outstanding approach to innovation in Freight Forwarding.
In order to learn more about FreightBro and what they do, we talked with Raghavendran Viswanathan, CEO of FreightBro, about their business and how it digitizes the freight forwarding operations.
The Evolution of Artificial Intelligence in Logistics
AI in Logistics has come a long way. Who really could have imagined driverless cars, pilotless aircrafts or predictive capabilities other than from the pages of science fiction? But thanks to a whirlwind evolution of tech, AI has left the laboratory and evolved into an integral and ubiquitous part of our lives.
The industry knows it too, with Forbes Insights research showing that 65 percent of senior transportation-focused executives believe logistics, supply chain, and transportation processes are in the midst of a renaissance. Furthermore, a cross-industry study on AI adoption by McKinsey & Co. found that early adopters with a proactive AI strategy in the transportation and logistics sector enjoyed profit margins.
AI is here and it is here to stay. But how did we get here, and where are we going? Let’s dig a little deeper into AI and its evolution in the logistics sector.
Robots, automation, computation, wearables: warehouses are no longer big storage spaces. Technology has invaded the warehouse to significantly improve efficiency and speed, and it was only a matter of time. Think about it: online spending is up 15.9 percent year-on-year. That is many more orders and fulfilments, and gigantic operations such as Amazon or DHL would simply not be possible without smart, tech-based techniques.
Warehousing is the act of storing goods that will be sold or distributed later, and several major elements of this important supply chain step can be disrupted by technology. The first obviously, is robotics. Along with humans, it is also robots roaming around distribution and fulfillment centers. Including automated conveyors and equipment that assists staff with faster fulfillment processes, robotics is fundamentally changing the way warehouses operate. The second big element is how the warehouse space is distributed – it should be easy for everyone to access it and this is where on-demand warehousing comes into play.
However, there are many more ways technology can improve the operations in warehouses. Machine vision, wearables, and smart platforms can enhance the work experience while also bringing safety and helping employees to take more proactive and data-driven actions.
10 Logistics and Supply Chain Events in Europe You Should Visit in 2019
Each year thousands of logistics and supply chain professionals are attending multiple supply chain and logistics events that are not only helping them to learn about the current industry’s best practices but also giving them the insight about the trends and technologies of tomorrow. Although each event has its highlights, unfortunately, it is almost impossible to attend all of the good logistics conferences due to the tight schedules, limited time and budget. In order to save your time, we made for you a list of 10 best Supply Chain and Logistics events happening in Europe in 2019.
We’ve selected the best conferences that have high-quality participants and provide you with actionable insights that make a real impact on your business based on the latest trends and technologies.
In case you want to stay updated about the topic of logistics innovations or receive updates about the logistics events in the future: