Logistics meets Innovation
November 15th, 2017
Vlerick Business School, Brussels, Belgium
About the conference 2017
Just as any other industry today, the transportation and logistics (T&L) industry is facing change – new market entrants, business models, customer expectations, and technologies are emerging. Managing the operations becomes more and more complex – now that the customers are demanding to get goods faster, in a more flexible manner and at low, or no delivery cost.
To face and to ride the wave of change, the T&L players must embrace collaboration. There is an apparent shift from the economies of scale to the network and sharing economies. As a result, the T&L players need to adapt their strategies accordingly.
The 3rd edition of our Logistics meets Innovation conference focused on collaboration as one of the ways to improve operational efficiency, as well as on digitization as the enabler of collaboration. The participants discussed what needs to be done to realize the idea of the Physical Internet for logistics, the importance of data and analytics for collaboration, and what potential value can the blockchain bring to the T&L industry.
About the Presentations
“The Physical Internet - Just What is This Idea”
“Machine Learning & AI in Transport and Logistics” Part I
“Machine Learning & AI in Transport and Logistics” Part II
“Leveraging Transport Data to Forecast Key Economic Indicators”
“Blockchain in Supply Chain”
The Key Takeaways
The keynotes were followed by an interactive panel discussion which provided both speakers and the audience with an opportunity to discuss additional aspects of Collaboration in Logistics. The audience was very engaged, asking great questions that helped to go even deeper into the topics conferred. During the panel discussion, the attendees learned that if we can get the critical mass interested in the Physical Internet concept, it can become a reality in Europe by as early as 2030. The panelists further deliberated about the topic of blockchain in Supply Chain and that it’s not a theory anymore. They provided additional examples of several running projects, such as Walmart using blockchain to track Chinese Pork and trace Mexican mangoes, Port of Antwerp releasing containers with blockchain technologies instead of using PIN codes, and Kuehne+Nagel sharing a shipment’s Bill of Lading via blockchain. One of the last questions raised during the panel focused on the data quality and if the machine learning techniques can help to improve it. The CEO of Transmetrics Asparuh Koev shared with the audience that this is exactly one of the aspects solved by Transmetrics, where the company manages to significantly improve poor and inconsistent logistics data by using advanced AI algorithms to cleanse and enrich the data.