Complexities Triggering Technological Advancement in Transport & Logistics

Kutubkhan Bohari | July 12, 2022 | 2653 views | Read Time : 01:45 min

Complexities Triggering Technological
Over the past decade, transportation and logistics have witnessed an immense transformation, from using automotive vehicles to drones and paper tags to advanced geotags. Also, the introduction of novel technologies and incorporation of innovative solutions such as artificial intelligence and blockchain has further reshaped the sector.


How is Rising Complexity Triggering the Adoption of Novel Technologies?

Today's supply chain is, in a word, complex. It has so many complexities, from ever-rising consumer expectations and disruptive events to globalized sourcing and omnichannel demand, that it is now being compared to a modern-day Gordian knot. With complexity comes ambiguity, particularly in the transportation and logistics industry.

For instance, importers are expected to find cost-effective and efficient ways to transport goods from manufacturing facilities, which are frequently located halfway around the world, to distribution centers and then, ultimately, into the hands of consumers.  In addition, e-commerce has further added to the complexity by introducing new channels into the jumble along with the introduction of same-day or next-day delivery standards with higher transparency and tracking features by leading players such as eBay, Walmart, and Amazon Here are a few prominent technologies assisting logistics companies to counter these complexities.


Data Analytics

Big data analytics aids in the more accurate and efficient planning of operational processes, services, and strategies, allowing businesses to align with emerging consumer needs.


Artificial Intelligence (AI) and Machine Learning

AI and Machine Learning have become the most sought-after tech in the transportation food chain. It assists businesses in enhancing operational functionality, boosting productivity and speed, designing optimal transit networks and routes, and improving safety through predictive risk calculation and elimination.


The Internet of Things (IoT)

With the rising need for transparency and tracking of shipped goods, IoT is garnering immense popularity across the transportation and logistics sector. It enables businesses to monitor and track their goods in real-time with the help of geo-tagging, RFID tags, and GPS, resulting in fewer delays in deliveries.

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GIG Logistics

We are Nigeria’s Number 1 Logistics Company. Connecting with our customers takes us towards achieving limitless possibilities beyond their expectations using technology for easy and faster operations and better customer experience.

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SOFTWARE AND TECHNOLOGY, LOGISTICS

What’s the Latest on EV Charging Infrastructure in Rural Areas?

Article | July 20, 2022

Contents 1. Accessing The State and Federal Benefits 2. A Learning Portal to Educate Rural Communities On EV Charging 3. The Significance of an Equitably Relevant EV Charging Network Electric Vehicles (EVs) are making waves in cities and are more than just the latest trend in transportation. With the advancement of the EV charging network and its deployment across urban areas, experts are asking what’s next and how this growth can be replicated in rural areas. 1. Accessing State and Federal Benefits Based in Oregon, Forth is an EV research and advocacy group that recently announced a partnership with General Motors to build grant templates that can help rural communities win and access state and federal grant money to build EV charging networks. The templates will be provided free of charge and cover 80% of a complete grant. Geoff Gibson, the senior program manager for Forth, believes this will give rural communities the impetus to seek out the grant money and get over the initial hurdle of framing a grant proposal. 2. A Learning Portal to Educate Rural Communities on EV Charging Forth also announced the slated launch of a learning portal that will address the lack of know-how on deploying a charging program for EVs. The portal will empower communities with not just the knowledge of implementing charging programs but also their significance and long-term impact on the community. The learning portal will tentatively go live in 2023 and will be free for local communities, counties, cities, and states, as well as community organizations. The program will be accessible for a year and could be further extended. According to Steve Lommele from the Joint Office of Energy and Transportation, he reiterated the importance of building a national EV charging network. He states that this is the first time a major program has been put in place that covers all 50 states in the U.S., including Puerto Rico and Washington D.C. 3. The Significance of an Equitably Relevant EV Charging Network Deploying EV charging stations in rural areas has to be meaningful for the communities that will be using them. Forth’s Geoff Gibson emphasizes that the needs of the communities need to be given priority when designing the charging network. For instance, DC charging or charging that is publicly accessible should be preferred at trailheads. EVs as part of our transport in the future is inevitable and charging networks and program need to be prioritized to ensure all communities are able to access its benefits equally.

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SOFTWARE AND TECHNOLOGY, LOGISTICS

4 Ways of Using Advanced Analytics in Supply Chain Management

Article | July 8, 2022

The complexity of today’s supply chain has resulted in a highly fragmented supply chain ecosystem. Whether it is a global pandemic or an ongoing war, streamlining the moving parts in the supply chain management system is an immense feat in the current climate. The resulting shortage of materials, disruption of transportation, and delays have complicated the supply chain even further. Add to it the expectation to minimize expenses, optimize inventory, and enable quality and customer expectations, and stakeholders at every level of the supply chain are inundated with challenges. This is where using advanced analytics in supply chain can be a game changer for many manufacturers. It can help them gain a deeper insight into their operations and how the supply chain is moving. How Supply Chain Analytics Enriches Supply Chain Management A 360-degree view of the supply chain is crucial for supply chain leaders. A lack of insight can cause costly delays and avoidable disruptions. Obtaining complete visibility in supply chain management, on the other hand, can be difficult. The immense volume of data that many organizations have to deal with makes it difficult to gain proper insight. Supply chain analytics tools help in gaining a better sense of the aggregated data from different parts of the supply chain, such as procurement, ERP in supply chain management, warehousing management, shipping and logistics management, and many more. The more accurate the data is, the simpler it is to use advanced supply chain management analytics to forecast, predict, and plan better in order to maximize the supply chain’s capabilities. Optimizing the Supply Chain: 3 Ways to Do so with Analytics With the range of analytics applications in supply chain in use today, manufacturers have the opportunity to completely transform how to view, manage and strategize. Here are five data analytics supply chain tools to consider in the pursuit of optimization. Demand Forecasting Inventory management is at the heart of supply chain optimization. Not calibrating the inventory stock based on demand and supply for bestselling products and those that don’t move fast can cause either an overstocking or understocking problem. Either way, forecasting the right balance is difficult to achieve, but data analytics can make it simpler. The lack of the right products in stock can heavily impact the bottom line. According to a survey by Logility, 36% of supply chain experts consider inventory optimization the primary reason for adopting analytics. An integrated mapping of retail sales, inventory levels, and the flow of goods will lead to accurate demand forecasting. This data can empower organizations to: Strategize sales promotions Define product pricing Maximize budgets Predict accurate inventory levels Inventory management has a cascading effect on the supply chain, and advanced demand forecasting has helped many organizations achieve an optimum level of inventory for the right products. Predictive Warehousing Maintenance Machine Learning (ML), artificial intelligence (AI), and the Internet of Things (IoT) have been emerging technologies on the supply chain management landscape. By using a mix of these technologies, it is possible for manufacturers to deploy predictive maintenance in warehousing. Predictive maintenance is the process of assessing data generated from the past and in real-time to determine patterns and identify equipment failure and maintenance schedule before a breakdown occurs. This helps manufacturers to: Avoid heavy repair costs Plan spare part supply Slash downtime from equipment failure Eliminate production delays In addition to reducing production bottlenecks, predictive maintenance gives businesses the ability to manage their equipment and optimize their shelf-life. Warehousing Efficiency At the warehouse phase of the supply chain, analytics can help manage the supply chain in more than just one way. The warehouse workflow is just as crucial, as it facilitates a clear view of the condition of goods as well as the optimization of the warehouse space. In addition to warehouse space maximization, quality control is another challenge that warehousing management addresses. Supply chain analytics can enhance warehousing efficiency by: Ensuring the correct storage of goods based on their weight, fragility, and perishability Aligning with resource management like equipment, vehicles Identifying disruptions to storage before they occur One of the advantages of supply chain analytics is getting a deep insight into the warehouse’s operation so manufacturers can identify gaps and take steps to make it more efficient. Transportation Tracking Real-time analytics of transportation and logistics is a crucial piece in the puzzle of supply chain management. For example, the data generated in relation to fuel consumption, weather conditions, and even traffic patterns can help organizations boost their logistics and carrier management. It can help them to: Schedule deliveries Determine better routes Evaluate current routes Strategize their shipping schedule To Wrap it Up To put it simply, a deep insight into the supply chain, inventory management, and warehouse operations is a great way to ensure the supply chain is on track. Effective supply chain management software is an asset for an organization when it is able to leverage the insights and make well-informed strategies to further optimize the supply chain.

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SOFTWARE AND TECHNOLOGY, LOGISTICS

Digital innovation in logistics warehouses

Article | July 16, 2022

Business Chief takes a look at three leading logistics companies and how they are digitalising their warehouses. With technology evolving at an exponential rate, and the logistics industry needing flexible solutions for its complex operation, we take a closer look at some of the successful deployments of digitalisation within the warehouses of leading logistic companies around the world.

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How to Test Major Changes in Your Supply Chain Process

Article | February 10, 2020

Did you know that the return of your supply chain process depends on how your software technology works as well as the efficiency of the people involved in the entire process? However, changes keep taking place, and you might feel clueless as to where your initiative is going. Supply chain testing is done in order to know and mark the various aspects where the supply chain is the weakest. Since data handling is a crucial aspect, managing it becomes even more necessary.

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Spotlight

GIG Logistics

We are Nigeria’s Number 1 Logistics Company. Connecting with our customers takes us towards achieving limitless possibilities beyond their expectations using technology for easy and faster operations and better customer experience.

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LOGISTICS

WiseTech Global Announces Envase Technologies Acquisition

WiseTech Global | January 31, 2023

WiseTech Global, the developer of CargoWise, a logistics execution software, recently acquired Envase Technologies (Envase), a transport management system software provider for drayage (container haulage), intermodal trucking, and landside logistics in North America. The transaction was valued at US $230 million. Envase was purchased from Firmament, a private investment firm and supply chain investor, and some other shareholders. Envase's carrier solutions automate and provide visibility for container movement throughout all import and export haulage processes, from rail and port terminals to destination. With over 1,300 customers in North America, the company serves ports, depots, trucking companies, warehouses, and more. It is anticipated that the company will generate around US$35 million in revenue for the fiscal year 2023, with an EBITDA margin in the mid to low 20% range. WiseTech will fund the transaction with a mix of cash (US$161 million) and new WiseTech Global shares issued to the vendors (US$69 million). The deal is expected to close in February 2023. Furthermore, existing cash reserves will cover the one-time transaction costs of around US$10 million. "This is a strategically significant acquisition in landside logistics, which extends and strengthens our position in one of our six key CargoWise development priority areas, and we're extremely pleased to have the Envase team join the WiseTech Global group," shared Richard White, Founder and CEO of WiseTech Global. (Source – BusinessWire) About WiseTech Global Based in Alexandria, New South Wales, WiseTech empowers the world's supply chains through innovation and global technology. The company is improving connectivity, productivity, and resource usage for more than 18,000 logistics companies in over 165 countries. Its customers include 24 of the 25 largest global freight forwarders and 41 out of the top 50 third-party logistics providers globally. The company continuously invests in product development to create technology that prioritizes highly scalable, long-term solutions.

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SUPPLY CHAIN

OMP Organizes Think Tank to Research Outside-in Supply Chain Planning

OMP | January 30, 2023

OMP, one of the prominent providers of supply chain planning solutions, has recently launched Spark Initiative, a think tank, to research supply chain planning from an outside-in perspective. It will use massive external data and high-level technology to improve the decision-making of its customers. The primary objective of the Spark Initiative is to provide the OMP community a platform to learn, share and test the outside-in capabilities. It will use data regarding weather and climate patterns, holidays, political and economic factors, consumption trends and data from smart devices to study the factors affecting the supply chain. In addition, it will collect real-time business feedback from customers and insights from a few selected companies for research, and its findings will be made public. The advisory board of the initiative comprises of leaders, academics, industry professionals and OPM experts, led by Lora Cecere, CEO of Supply Chain Insights, they will devise the conceptual framework and keep an eye on the pilot tests. Dave Winstone, Global ISC Director at Dow and Spark Board Member, said, "I'm excited to participate in the Spark Initiative because it's the next frontier in supply chain planning." He added, "How do we harness all these signals out there? How do we identify which ones matter most to our business? What do they mean to us and to our ecosystem partners? In the end, it's not companies that compete, but the ecosystems around us. We have to make the ecosystems more effective to be able to stay competitive. And I believe this initiative will bring us one step closer to that goal." (Source – Globe Newswire) Philip Vervloesem, Senior Vice President of OMP USA, said, "Now is the time for supply chain leaders to redefine their planning processes. The active participation of Fortune 500 companies like Dow, General Mills, Nestlé, and Land O'Lakes confirms the need to explore groundbreaking ways of planning. I look forward to deep-diving into this fresh pool of possibilities together with our valued customers." (Source – Globe Newswire) About OMP OMP is a software company providing customized supply chain planning solutions. Its global clients include ArcelorMittal, BASF, Michelin, Procter &Gamble, Dow, Shaw, Yoplait, Shell, Smurfit Kappa, and Shell. Headquartered in Belgium, it has a vast network of partners needed to optimize supply chain performance for clients anywhere. It renders industry-specific solutions from consumer goods to metals. Its digitalized supply chain planning solutions helps companies to channelize their excellence and growth.

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PROCUREMENT AND SOURCING, LOGISTICS

Wagner Logistics Now Offers Warehouse Management in Portland

Wagner Logistics | January 27, 2023

On January 26, 2023, Wagner Logistics, a warehousing and logistics management provider, announced that it is expanding its distribution space into Portland, Oregon, bringing its total distribution space in the United States to over 7 million square feet across 24 markets. The most recent warehouse has 82,556 sq. ft. of dedicated distribution space and can be converted into a multi-customer facility. Wagner Logistics collaborated with Newmark Zimmer, one of the Midwest's leading commercial real estate firms, to obtain the warehouse lease for the Portland space. This distribution space serves as a vital distribution point for the customer Bridge Industrial/Modlo to manage the supply chain overflow of finished household products. As global economic uncertainty persists, the need for efficient distribution is increasing. As a result, Wagner is taking warehouse cost optimization to a new level by sharing facilities, equipment, and personnel to address the distribution and storage needs of multiple shippers and manufacturers. Brian Smith, President and CEO of Wagner Logistics, said, "From handling lightbulbs to ten-thousand pound roles of paper, Wagner's warehouse and management expansion into more U.S. cities is evidence that our trained and experienced team is safely handling a variety of products successfully at lower costs and at faster work rates." He added, "Finding and securing the one available warehouse space in the market to serve as an overflow facility for our client is testament that our team consistently has a finger on the pulse of the industry and is committed to solving distribution challenges using a lean manufacturing team, the accompanying innovative equipment and automation." (Source – GlobeNewswire) More than 550 team members work for the supply chain management company in major cities such as Kansas City, Indianapolis, Dallas, Cleveland, Milwaukee, Jacksonville, Charlotte, Detroit, and others. The company's top priorities remain exceptional customer service and employee morale, and the latest warehouse is close to several employees' homes and includes bike storage. About Wagner Logistics Based in North Kansas City (Missouri), Wagner Logistics operates an extensive network of warehousing facilities in the U.S. It is recognized as a leading provider of third-party logistics services, including warehousing, distribution, contract packaging, and transportation. The company's clients include Fortune 500 companies as well as small and medium-sized businesses. Wagner uses exceptional technology, offering visibility and execution, and a team of highly skilled associates provides clients with unrivaled service.

Read More

LOGISTICS

WiseTech Global Announces Envase Technologies Acquisition

WiseTech Global | January 31, 2023

WiseTech Global, the developer of CargoWise, a logistics execution software, recently acquired Envase Technologies (Envase), a transport management system software provider for drayage (container haulage), intermodal trucking, and landside logistics in North America. The transaction was valued at US $230 million. Envase was purchased from Firmament, a private investment firm and supply chain investor, and some other shareholders. Envase's carrier solutions automate and provide visibility for container movement throughout all import and export haulage processes, from rail and port terminals to destination. With over 1,300 customers in North America, the company serves ports, depots, trucking companies, warehouses, and more. It is anticipated that the company will generate around US$35 million in revenue for the fiscal year 2023, with an EBITDA margin in the mid to low 20% range. WiseTech will fund the transaction with a mix of cash (US$161 million) and new WiseTech Global shares issued to the vendors (US$69 million). The deal is expected to close in February 2023. Furthermore, existing cash reserves will cover the one-time transaction costs of around US$10 million. "This is a strategically significant acquisition in landside logistics, which extends and strengthens our position in one of our six key CargoWise development priority areas, and we're extremely pleased to have the Envase team join the WiseTech Global group," shared Richard White, Founder and CEO of WiseTech Global. (Source – BusinessWire) About WiseTech Global Based in Alexandria, New South Wales, WiseTech empowers the world's supply chains through innovation and global technology. The company is improving connectivity, productivity, and resource usage for more than 18,000 logistics companies in over 165 countries. Its customers include 24 of the 25 largest global freight forwarders and 41 out of the top 50 third-party logistics providers globally. The company continuously invests in product development to create technology that prioritizes highly scalable, long-term solutions.

Read More

SUPPLY CHAIN

OMP Organizes Think Tank to Research Outside-in Supply Chain Planning

OMP | January 30, 2023

OMP, one of the prominent providers of supply chain planning solutions, has recently launched Spark Initiative, a think tank, to research supply chain planning from an outside-in perspective. It will use massive external data and high-level technology to improve the decision-making of its customers. The primary objective of the Spark Initiative is to provide the OMP community a platform to learn, share and test the outside-in capabilities. It will use data regarding weather and climate patterns, holidays, political and economic factors, consumption trends and data from smart devices to study the factors affecting the supply chain. In addition, it will collect real-time business feedback from customers and insights from a few selected companies for research, and its findings will be made public. The advisory board of the initiative comprises of leaders, academics, industry professionals and OPM experts, led by Lora Cecere, CEO of Supply Chain Insights, they will devise the conceptual framework and keep an eye on the pilot tests. Dave Winstone, Global ISC Director at Dow and Spark Board Member, said, "I'm excited to participate in the Spark Initiative because it's the next frontier in supply chain planning." He added, "How do we harness all these signals out there? How do we identify which ones matter most to our business? What do they mean to us and to our ecosystem partners? In the end, it's not companies that compete, but the ecosystems around us. We have to make the ecosystems more effective to be able to stay competitive. And I believe this initiative will bring us one step closer to that goal." (Source – Globe Newswire) Philip Vervloesem, Senior Vice President of OMP USA, said, "Now is the time for supply chain leaders to redefine their planning processes. The active participation of Fortune 500 companies like Dow, General Mills, Nestlé, and Land O'Lakes confirms the need to explore groundbreaking ways of planning. I look forward to deep-diving into this fresh pool of possibilities together with our valued customers." (Source – Globe Newswire) About OMP OMP is a software company providing customized supply chain planning solutions. Its global clients include ArcelorMittal, BASF, Michelin, Procter &Gamble, Dow, Shaw, Yoplait, Shell, Smurfit Kappa, and Shell. Headquartered in Belgium, it has a vast network of partners needed to optimize supply chain performance for clients anywhere. It renders industry-specific solutions from consumer goods to metals. Its digitalized supply chain planning solutions helps companies to channelize their excellence and growth.

Read More

PROCUREMENT AND SOURCING, LOGISTICS

Wagner Logistics Now Offers Warehouse Management in Portland

Wagner Logistics | January 27, 2023

On January 26, 2023, Wagner Logistics, a warehousing and logistics management provider, announced that it is expanding its distribution space into Portland, Oregon, bringing its total distribution space in the United States to over 7 million square feet across 24 markets. The most recent warehouse has 82,556 sq. ft. of dedicated distribution space and can be converted into a multi-customer facility. Wagner Logistics collaborated with Newmark Zimmer, one of the Midwest's leading commercial real estate firms, to obtain the warehouse lease for the Portland space. This distribution space serves as a vital distribution point for the customer Bridge Industrial/Modlo to manage the supply chain overflow of finished household products. As global economic uncertainty persists, the need for efficient distribution is increasing. As a result, Wagner is taking warehouse cost optimization to a new level by sharing facilities, equipment, and personnel to address the distribution and storage needs of multiple shippers and manufacturers. Brian Smith, President and CEO of Wagner Logistics, said, "From handling lightbulbs to ten-thousand pound roles of paper, Wagner's warehouse and management expansion into more U.S. cities is evidence that our trained and experienced team is safely handling a variety of products successfully at lower costs and at faster work rates." He added, "Finding and securing the one available warehouse space in the market to serve as an overflow facility for our client is testament that our team consistently has a finger on the pulse of the industry and is committed to solving distribution challenges using a lean manufacturing team, the accompanying innovative equipment and automation." (Source – GlobeNewswire) More than 550 team members work for the supply chain management company in major cities such as Kansas City, Indianapolis, Dallas, Cleveland, Milwaukee, Jacksonville, Charlotte, Detroit, and others. The company's top priorities remain exceptional customer service and employee morale, and the latest warehouse is close to several employees' homes and includes bike storage. About Wagner Logistics Based in North Kansas City (Missouri), Wagner Logistics operates an extensive network of warehousing facilities in the U.S. It is recognized as a leading provider of third-party logistics services, including warehousing, distribution, contract packaging, and transportation. The company's clients include Fortune 500 companies as well as small and medium-sized businesses. Wagner uses exceptional technology, offering visibility and execution, and a team of highly skilled associates provides clients with unrivaled service.

Read More

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