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GE 2014 Annual Report
| October 14, 2014
Freight Systems is an international leading Freight Forwarding Company since 1988. FSL offers direct outbound and inbound services to and from major cargo destinations around the world.
Article | March 16, 2020
New technologies and AI have the potential to boost collaboration between machines and workers even if some fear the impact it could have on the jobs market. While AI has been heralded in some quarters as the innovation that will bring about a Fourth Industrial Revolution, its impact on future supply chains is still unclear. The two most prominent opinions are that either AI and automation will lead to workplace functions being replaced, or job roles will be bolstered by the technology. The first of these positions assumes that recent advances mean the skills of computers and robots will soon surpass those of workers in numerous tasks.
Freight pricing continues to change across the globe. According to Darren Dodson of Material Handling & Logistics, the state of e-commerce will drive the majority of freight rate changes as more than 8.6 billion packages will make their way to U.S. customers in 2020. Traditional demands of the supply chain market, including increased visibility, better efficiency, and faster service, will also force the freight pricing 2020 trends into an upswing. However, the recent events surrounding the coronavirus and potential disruption to the supply chain will serve as a check to keep carriers competitive and help shippers maintain freight spend control.
Without a doubt, uncertainty and unpredictability will continue to increase. Whether you‘re a bio pharma company grappling with temperature excursions, or an automaker relying on critical assembly-line components that only China produces, you’re bound to be affected. The amount of disruption in today’s business climate necessitates the ability to respond in real time, which can only be done if the entire supply chain is visible, and updates are current.
One of the biggest disruptors to traditional freight and logistics, is transforming the way in which the industry continues to do business. In a recent research study, Accenture highlights the importance of traditional freight and logistics companies joining new digital entrants on their disruptive journey, or face becoming irrelevant. “If they persist with ‘business as usual’, traditional players can expect to lose both competitiveness and value. If, however, they harness the power of digital technologies and build new, digital business models, they could significantly enhance their competitiveness, boosting earnings before interest and taxes (EBITDA) by approximately 13% annually.”
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