Brussels/Sofia, 9 December 2019 – Transmetrics, a leading software provider of predictive optimization solutions for the logistics industry, announced that the company has been awarded a €1.67 million grant by the European Commission in the ultra-competitive European Innovation Council Accelerator programme. This funding will support the development of Transmetrics’ unique AI-driven logistics optimization software. Over 1,800 applications were submitted to this funding round but EC selected to finance only 75 projects that truly represented breakthrough deep-tech innovations with significant societal impact.
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.
Picture Credit: Yandex
Welcome to the November issue of “Across Logistics”, where we are presenting the latest logistics technology news and announcements that happened over the last month.
Here is the list of topics in this issue:
- Maersk to Pilot a Battery System to Improve Power Production
- Eastern Pacific Launches Maritime Accelerator with Nine Startups
- Alibaba Group Invests $3.3 Billion to Up Majority Stake in Cainiao Network
- Convoy Receives $400 Million in Funding to Build Up Digital Trucking Business
- Nikola Teases Breakthrough in Electric Truck Battery Technology
- Volvo Trucks Launches Sales of Electric Trucks for Urban Transport
- SAS Cargo Partners with Freightos to Expand Digital Customer Offerings
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 CARGOMETER, an innovative solution for 3D freight measurement, as the “Logistics Startup of the Month” for the remarkable developments of computer vision for logistics operations.
In order to learn more, we have talked with Bernhard Obermaier, the Co-CEO of CARGOMETER, about the startup’s journey and what is behind their “on-the-fly” freight measurement technology.
Picture Credit: Intermodal Europe
Each year thousands of professionals in the cargo transport industry are attending supply chain and logistics events. These events help attendees learn about the best practices in the industry today, and provide them with insights about the trends and technological developments of tomorrow. Each event is unique and important for diverse reasons. Unfortunately, it is challenging to attend all of the good logistics conferences due to busy schedules, limited time and budget. It makes it difficult to choose which events to prioritize.
To save you time, Transmetrics prepared a list of 10 best supply chain and logistics events taking place in Europe in 2020. We have selected some of the best conferences that will provide you with actionable insights that can guide you to make a real impact on your business, based on the latest trends and technologies in the industry:
Increasing technology innovations are making big waves across industries, and logistics and the supply chain may be one of the most impacted sectors. Notorious for its heavy use of manual processes and large amounts of data stored in different ways and in different places, the logistics industry has perhaps the most to gain from implementing new technologies and following the most innovative Supply Chain and Logistics technology trends.
Recent years have seen massive advancement for the logistics industry in areas like artificial and augmented intelligence, advanced analytics, and automation, to name just a few. These technologies have evolved faster than ever while startups with even newer solutions and innovations continue popping up at a rapid rate. But attached to these innovations are new expectations and standards, forcing logistics companies to either adapt or fall behind. Much pressure comes from customers in the form of individuals and enterprises, all of who are demanding their products or services come faster and cheaper than ever before.
But advancements in technologies aren’t the only big changes influencing the industry. From new shipping regulations to growing global tensions and trade wars, and a predicted economic recession, logistics companies will need to be alert and prepared for 2020. For example, carriers are already working hard to meet the global 0.5% Sulphur cap, which goes into effect on January 1, 2020. It would affect up to 70,000 ships, according to IMO estimates, and could lead to a 20-30% increase in total fuel costs, which would ultimately be passed on to customers.
Global trade wars and tensions like that of China and the U.S. have continued affecting logistics operations. In 2018, trade tariffs affected $34 billion worth of Chinese products imported into the U.S., with China also taking costly countermeasures on U.S. imports. The European economy has also been going into a downturn as Brexit concerns continue weighing heavily on European countries, and the U.S. economy has also been growing weaker. All of these issues are signaling a possible global recession in 2020, which would make things much more difficult for logistics companies.
There is much to consider as 2020 quickly approaches. Companies within the logistics and supply chain sphere must continue getting ready for all of these bigger changes 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:
Picture Credit: Hyundai Motor Company
Welcome to the October issue of “Across Logistics”, where we are presenting the latest logistics technology news and announcements that happened over the last month.
Here is the list of topics in this issue:
- Uber Freight Expands Its Operations to Poland
- Hyundai Reveals HDC-6 Neptune, a Concept of Hydrogen-Powered Class 8 Heavy-Duty Truck
- UPS Plans to Add More Than 6,000 Vehicles to Its Natural Gas Fleet
- Traxens Partners with Port of Rotterdam to Better Understand the Challenges Facing the Maritime Industry
- Flexport Acquires Online Container Tracking Solution Crux Systems to Further Enhance Shipment Visibility
- FedEx Will Test Its Delivery Robot Roxo in Dubai
- UPS Becomes America’s First Nationwide Drone Airline
- Deutsche Post DHL Group Accelerates Growth in Core Businesses and Invests €2 Billion in Digital Transformation
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 Sixfold, the leading European visibility platform, as the “Logistics Startup of the Month” for its outstanding contribution to the development of real-time visibility solutions for supply chains.
In order to learn more, we have talked with Mart Kelder, the Co-Founder of Sixfold, about the startup’s journey and how real-time visibility can change the landscape of the industry.
This article about the best artificial intelligence logistics startups is part of the “Logistics of the Future” series looking at the top logistics startups today.
We are officially living in the age of Artificial Intelligence. It’s everywhere we look, from AI-powered personal assistants to predictive analytics to making medical diagnoses, Artificial Intelligence is making incredible advances across all industries. Finance, healthcare, education, transportation — and now, in logistics and the supply chain. In fact, a recent report on the state of Artificial Intelligence for enterprises found that supply chain and operations are some of the top areas where businesses are driving revenue from AI investment.
Why is AI making such a big difference in the logistics and supply chain, particularly? 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 tech 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, we’ve chosen a diverse set to highlight:
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 SHIPSTA, the leading eProcurement platform, as the “Logistics Startup of the Month” for its innovative focus on logistics procurement solutions.
The company offers products that provide the direct link between shippers and logistics service providers, procurement, handling which are optimizing transport capacities and reducing freight costs. In order to learn more, we have talked with Christian Wilhelm, the Co-Founder of SHIPSTA, about the startup’s journey and how eProcurement can improve logistics operations.