2019 has brought significant advancements for the logistics industry, thanks to actively developing artificial and augmented intelligence, advanced analytics, and automation, among other things. In addition to that, we’ve witnessed a great collaborating force rising in the sector and Digital Container Shipping Association is one of the best examples of that.
Since we’ve always kept our eyes open for the new technologies and innovative logistics trends, we’ve done our best to cover all the above-mentioned topics on Transmetrics Blog in 2019. The following articles proved to be the most engaging in 2019 among our readers.
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Top 10 Supply Chain and Logistics Technology Trends in 2020
There is much to consider as 2020 quickly approaches. Companies within the logistics and supply chain industry must continue tackling all of the rising and long-going challenges with innovations. From digital twins to blockchain to real-time supply chain visibility, Transmetrics has identified the Top 10 important logistics technology trends your company should be keeping an eye on in 2020:
Interview with Thomas Bagge, CEO & Statutory Director of DCSA
In April 2019, five of the shipping industry’s biggest names, Maersk, Hapag-Lloyd, MSC, CMA CGM, and Ocean Network Express, came together to form the Digital Container Shipping Association (DCSA) to address the lack of industry-wide standards. Since its initiation, Evergreen Line, HMM, Yang Ming, and Zim have also joined, and now the DCSA represents ~70% of the container shipping industry.
The main aim of the association is to create common information technology standards for digitalization and interoperability in an effort to make the industry more efficient for both customers and shipping lines. The association has already published its first set of standards – the Container Shipping Industry Blueprint.
In order to understand more about how the DCSA plans to move the shipping industry forward, Transmetrics’ Co-Founder and CCO Anna Shaposhnikova spoke with Thomas Bagge, CEO and Statutory Director of the DCSA.
Logistics of the Future: Best Artificial Intelligence Logistics Startups
Why is AI making such a big difference in the logistics and supply chain? The answer most likely stems from the fact that typically, the logistics industry has lagged a bit behind when it comes to implementing new technologies — in fact, one survey reported that 85% of shippers and consignees agreed that the industry is either “slow to change” or “far behind the curve.” But those that do adopt new technologies such as AI, predictive analytics, blockchain solutions, RFID tagging and Internet of Things devices are ultimately able to see high ROI and improved efficiency for their businesses.
From last-mile delivery robots, to warehouse automated picking systems and predictive optimization software, Artificial Intelligence is already making a huge difference in the logistics industry in a variety of ways that benefit everyone — carriers, shippers, suppliers, consumers — even the environment is benefitting from AI solutions in the supply chain. With dozens of incredible artificial intelligence logistics startups already out there using new tech to make real change in the industry, in this article, we’ve chosen a diverse set to highlight.
Augmented Intelligence for Logistics Planning
Artificial Intelligence (AI) is already a widespread term in logistics, thanks to the implementation of exciting AI technologies like automated warehouses by Amazon, autonomous trucks by Einride, drone deliveries by Zipline, last-mile delivery robots by Starship, and more. These are the types of technologies that can potentially replace some manual jobs that don’t require complex skills (e.g. warehouse sorting, last-mile delivery person, truck driver, etc.).
However, the situation is different when Artificial Intelligence is used to deal with high-skilled positions like logistics planners. That’s where Augmented Intelligence enters the scene. By combining human intelligence with processes automated by AI, companies can save time, reduce operating expenses, and eliminate manual errors, while human employees can focus more on analytical and complex duties. In this article, we are uncovering what exactly Augmented Intelligence is and how it can improve logistics planning capabilities.
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.
However, the shipping industry still suffers from huge inefficiencies. Namely, empty container repositioning represents a significant problem – every 1 in 3 containers globally is moved empty, and according to Boston Consulting Group it costs the industry up to $20 billion per year.
In the following article, we are taking a look at the major industry trends, what influences the problem of empty container repositioning, and how container shipping companies can solve this problem with the help of digital technologies.