Transmetrics Launches AI-Driven Logistics Project Backed by EU’s Horizon 2020

Transmetrics Launches AI-Driven Logistics Project Backed by EU’s Horizon 2020

Predictive optimization company seeks beta users after receiving €1.67 million in grant funding.

Brussels/Sofia, 14 May 2020Transmetrics, a leading software provider of predictive optimization solutions for the logistics industry, currently seeks beta users and partners for its EU’s Horizon 2020 funded project. The company’s announcement comes after receiving a €1.67 million grant from the European Commission in the European Innovation Council Accelerator (EIC) programme. This grant funds the development of Transmetrics’ AI-driven logistics optimization software, which supports planning processes and improves the utilization of resources.

Disrupting Route Optimization: Last Mile vs. Line Haul

Route Optimization

In 1959, American mathematicians George Dantzig and John Ramser proposed a question: “What is the optimal set of routes for a fleet of vehicles to traverse in order to deliver to a given set of customers?”

We’ve come a long way in the past 60 years in solving this problem. While other mathematical questions remain unsolved, Dantzig & Ramser’s Vehicle Routing Problem lies in the core of the modern route optimization algorithms. Moreover, these changes are not just theoretical – companies with more optimal route times could cut overhead, idle time, delivery costs, and save on fuel, all while reducing delivery times across sectors.

Route optimization’s major benefits depend, at the highest level, on whether you’re refining last-mile or line hauling operations. Let’s look at how this works in each of these two sectors that reveal the power of optimization – but first, a primer on the terminology.

Logistics Startup of the Month: Gather AI

Gather

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 Gather AI, The world’s first software-only autonomous inventory management platform for modern warehouses, as the “Logistics Startup of the Month” for its outstanding and innovative approach to the inventory management.

In order to learn more about the company and what makes Gather AI unique, we have talked with Sankalp Arora, Co-founder and Chief Robotics Engineer at Gather AI, about the journey and how drones can disrupt the inventory management.

The Future of Fleet Optimization

fleet optimization

While innovations in data and technology solutions have the potential to completely transform fleet management operations, a whopping 85% of shippers and consignees believe their industry is still lagging behind others when it comes to implementing these new technologies. Meanwhile, the logistics companies who have been early to embrace tools like artificial intelligence (AI), predictive analytics, and Internet of Things (IoT) devices are realizing high ROI and improved efficiency for their businesses. Now, digital enterprise tools are becoming central to the monitoring, analyzing, and execution of sustainable fleet optimization.

Logistics Startup of the Month: Shipamax

Shipamax

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 Shipamax, the leading logistics back-office automation solution, as the “Logistics Startup of the Month” for the remarkable achievements in digital data extraction and document processing acceleration.

In order to learn more about the company and what makes Shipamax stand out, we have talked with Jenna Brown, Co-founder and CEO at Shipamax, about the journey and what exactly are the current and the future of document processing in Logistics.

Logistics Data Standards: Challenges and Benefits

logistics data standards

Just a few short decades ago, it was nearly unimaginable that we could ever turn vast amounts of data into actionable information for logistics providers around the globe. But fast forward to today, and data has become the cornerstone of any modern logistics operation. Improved operational efficiency, last-mile and real-time route optimization, strategic network and capacity planning, customer service improvement and more product innovation are just a few of the major benefits now easily produced by a data-driven business. 

There are both pros and cons that come with this access to massive quantities of information: While this data has the potential to inspire exciting business transformation, it’s often more difficult for logistics organizations to sort through it to discern what’s useful and what’s not. If your company has piles of data in various formats and systems which aren’t being used to create actionable insights, its storage will only become useful when a data-driven solution is implemented later on. This is why many organizations are starting to rely on industry data standards, which dictate how data should be recorded, stored, and shared. Standards may vary by industry, but the governing principle is that any crucial information must be exchanged in a common format that makes collaborating and extracting insights simple and straightforward.

10 Best Logistics Blogs You Should Follow

10 Best Logistics Blogs You Should Follow

When you are looking for news and expertise in logistics technologies and companies, where do you typically go? The truth is, there is such a big influx of articles and “expertise” that it can be difficult to find the relevant, actionable, and most importantly, up-to-date articles on logistics.

While logistics and supply chain publications with relevant information certainly exist, some of them are locked behind a paywall, making it hard to easily access valuable industry insights. Luckily, there are plenty of free logistics blogs that are just as valuable and filled with expert interviews, latest industry news and opinions, product highlights, and so much more. In this article, we have decided to make a list of the high-quality logistics blogs to help you get the information and news you need — without wasting any time or effort.