Securing the air cargo supply chain

Air cargo shippers and air transport workers both require more transparency for the sake of security. As we have seen elsewhere in the supply chain, this will also enhance efficiency.

Spotlight

Element Fleet Management

Element Fleet Management (TSX: EFN) is the leading global fleet management company, providing world-class management services and financing for commercial vehicle and equipment fleets.

OTHER ARTICLES
Warehousing and Distribution

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

Article | July 11, 2023

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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Management

Optimize B2B Supply Chain: Maximizing Efficiency from Planning to Delivery

Article | June 21, 2023

Efficiency is crucial for B2B supply chain success. Effective supply chain management techniques can streamline operations, reduce costs, and enhance customer satisfaction from planning to delivery. Contents 1. Strategic Planning to Enhance Supply Chain Optimization 1.1 Roadmap for Developing Supply Chain Optimization 1.2 Integrating Supply Chain Strategy with Business Strategy for ROI Growth 2. Effective Procurement Strategies to Maximise ROI in Supply Chain 2.1 Supplier Relationship Management 2.2 Cost-effective Procurement Processes 2.3 Continuous Improvement and Innovation 2.4 Risk Management and Mitigation 3. Optimizing Supply Chain with Effective Demand Forecasting Techniques 3.1 Anticipate Future Demand 3.2 Overstocking and Understocking Risk Management 3.3 Integrated Forecasting approach between Supply Chain Stakeholders 4. Emerging Technologies for Supply Chain Optimization Leveraged by Enterprises 4.1 AI and ML 4.2 Blockchain Technology 4.3 IoT 4.4 Augmented Reality and Virtual Reality 5. Leading Solution Providers for B2B 6. Conclusion Optimizing the B2B logistics and supply chain management has become a crucial business strategy to increase efficiency, cut costs, and boost customer satisfaction in the fiercely competitive business environment. With the increasing customer demand, supply chain managers now emphasize on faster, more precise, and unique ways to fulfill orders with enhanced logistics management techniques. “Companies that optimize their supply chain operations experience a 2.3 times greater EBITDA (earnings before interest, taxes, depreciation, and amortization) than their competitors.” (Source - A survey by Deloitte in 2020) Despite the significance of supply chain optimization, it is challenging to keep up with the latest industry trends and best practices due to the dynamic nature of the logistics industry. Learning the value of optimizing the B2B supply chain and how it can assist businesses in keeping up with the ever-growing demands of their customers through planning, strategizing and leveraging technologies helps businesses maintain a competitive advantage and achieve sustainable growth. 1. Strategic Planning to Enhance Supply Chain Optimization To achieve optimal results, businesses must develop a comprehensive plan outlining their supply chain improvement goals, objectives, and strategies. 1.1 Roadmap for Developing Supply Chain Optimization Developing a roadmap for supply chain optimization includes reviewing current operations that help in identifying the strengths and weakness of the supply chain management and assist in recognizing the opportunities for improvement, establishing SMART goals and objectives, defining strategies to meet these goals, involve streamlining processes, investing in technology, improving supplier relationships, and engaging customers and actions, as well as ensuring market adaptability to accommodate changing market conditions and evolving customer needs through assessment and adjusting the roadmap. 1.2 Integrating Supply Chain Strategy with Business Strategy for ROI Growth Integration of the supply chain involves aligning the supply chain objectives with the overall business goals, such as revenue growth, cost reduction, and customer satisfaction. The integration ensures the supply chain operations support the business goals, like cost reduction, customer satisfaction and revenue growth. "Companies that successfully integrate their supply chain and business strategies can reduce operating costs by 10-15% and increase efficiency by 20-30%.” (Source - A study by Accenture in 2020) The alignment further helps track KPIs and data-driven decision-making and continuously improves the supply chain operations to achieve objectives. Furthermore, it assists in better planning, coordination, and execution of supply chain activities, resulting in faster and more accurate fulfillment of customer orders. 2. Effective Procurement Strategies to Maximize ROI in Supply Chain Procurement strategies can raise productivity in the fast-paced logistics management and supply chain industry by optimizing the supply chain, boosting efficiency, and giving a competitive edge. 2.1 Supplier Relationship Management Effective supplier relationship management (SRM) can result in more competitive pricing, enhanced product quality, and increased dependability. To accomplish SRM, businesses must identify key suppliers, develop partnerships, communicate effectively to ensure clear expectations and mutual understanding, share information and collaborate to foster innovation and continuous improvement. 2.2 Cost-effective Procurement Processes Implementing cost-effective procurement procedures can help businesses reduce expenses and enhance productivity. To achieve cost-effectiveness, businesses should streamline operations to save time and money, leverage technology to automate processes and improve accuracy and negotiate with suppliers for better pricing and terms. 2.3 Continuous Improvement and Innovation Continuous improvement and innovation are necessary for logistics and the supply chain to remain competitive. This involves regularly reviewing and updating procurement processes, supporting supplier innovation, and keeping up with procurement and supply chain management technology trends and developments. 2.4 Risk Management and Mitigation Effective risk management and mitigation strategies are essential to prevent disruptions in the supply chain. To achieve this, businesses should focus on identifying potential risks and developing mitigation strategies, incorporating redundancy into the supply chain to minimize the impact of disruptions, and establishing transparent emergency communication and escalation procedures. 3. Optimizing Supply Chain with Effective Demand Forecasting Techniques 3.1 Anticipate Future Demand Accurate demand forecasting is crucial for supply chain optimizing done by analyzing real-time supply chain data to identify trends. For demand forecasting, businesses can utilize historical sales data, market trends, and customer feedback. To make accurate forecasts, companies must consider various factors influencing demand, such as seasonality, economic conditions, and shifting customer preferences. 3.2 Overstocking and Understocking Risk Management Demand forecasting errors can lead to overstocking and understocking in supply chain management. Using demand forecasting rightly can determine the optimal inventory level at any given time to avoid overstocking and understocking. Businesses can predict demand and adjust inventory by analyzing sales data, market trends, and other factors. 3.3 Integrated Forecasting approach between Supply Chain Stakeholders The integrated forecasting approach entails coordinating data sharing and communication between all supply chain stakeholders, from suppliers to customers. Stakeholder participation in demand forecasting improves accuracy. In addition, each stakeholder has unique knowledge and perspective that can help identify trends and patterns. 4. Emerging Technologies for Supply Chain Optimization Leveraged by Enterprises 4.1 AI and ML Leading SCM providers do offer regression modeling and causal analysis for demand forecasting. Using AI and ML, the functionality is embedded within the DP module. If a more rigorous and sophisticated approach is desired, it is possible to forecast demand numbers outside the SCM system using sophisticated modeling and then upload them back into the SCM system. 4.2 Blockchain Technology Blockchain enables secure, transparent, and decentralized transactions. It can be utilized in the supply chain to track the movement of goods, reduce the risk of fraud, and increase supply chain visibility by maintaining an immutable record of every transaction. 4.3 IoT To monitor humidity, temperature control, and other environmental factors that affect the quality of products while in transit. IoT helps businesses enhance supply chain visibility, reduce product spoilage risk, and enhance customer satisfaction using modern temperature control technology. 4.4 Augmented Reality and Virtual Reality AR and VR technologies are transforming the supply chain by improving the accuracy of inventory management, reducing errors, and enhancing the training of employees. In addition, its tools can be used to create digital representations of warehouses, products, and equipment, allowing employees to visualize the supply chain and identify areas for improvement. 5. Leading Solution Providers for B2B Several leading B2B companies have been identified based on research for supply chain optimization. To optimize supply chains, these companies have demonstrated a commitment to strategic planning, effective procurement strategies, and demand forecasting techniques. The solution providers also recognize the significance of managing risks associated with overstocking and understocking and have implemented integrated forecasting approaches with their supply chain partners and customers. In addition, these companies use emerging technologies such as augmented reality, virtual reality, cloud technology, machine learning and AI, blockchain technology, and the IoT to improve their supply chain operations. By prioritizing supply chain optimization, the following B2B companies gain a competitive advantage within logistics and supply chain industries and provide exceptional customer experiences. Coupa Software The supply management solutions offered by Coupa Software are hosted in the cloud and make use of machine learning and artificial intelligence to provide businesses with insights that can be used for data-driven decision-making.It assists businesses in tracking the performance of their supply chains compared to key performance indicators, identifying areas in which advancements can be made, and taking action to optimize their supply chain operations. Stord Stord a platform provider, offers a suite of software solutions that improve supply chain management for businesses. Its warehousing, transport, and inventory management solutions are integrated into a single platform. As a result, Stord offers companies greater visibility and control over their supply chains, allowing them to make more informed decisions and optimize operations by combining these functions into a single platform. Roambee Roambee is an artificial intelligence (AI)-powered platform that provides improved supply chain and visibility solutions for real-time, on-demand, and end-to-end data. Using cloud data analytics and automation, it assists in monitoring shipments, inventories, and returnable assets to provide dependable and responsive monitoring solutions. The result is a return on investment (ROI) of 4X or more on the supply chain assets by optimizing inventory levels and utilization. FlowSpace FlowSpace offers cloud-based supply chain solutions. With an internet connection, businesses can access real-time inventory, orders, and shipments from anywhere. Its solutions optimize inventory and demand fulfillment with machine learning and predictive analytics. In addition, IoT sensors and beacons provide accurate warehouse operations data for the company. FlowSpace uses cutting-edge technology to provide efficient and effective supply chain solutions. OPTEL Group OPTEL Group's cutting-edge traceability solutions help businesses optimize their supply chain. These solutions permit businesses to track their products and materials throughout the supply chain, from production to distribution. It's traceability solutions provide businesses with real-time visibility into their supply chain operations by utilizing advanced data capture technologies such as barcode scanning, RFID, and serialization. This allows them to identify potential bottlenecks, optimize workflows, and decrease waste and inefficiency. Blue Ridge Blue Ridge,a provider of cloud-based supply chain solutions, has developed a suite of solutions that make use of machine learning and artificial intelligence to improve the accuracy of forecasts, reduce the costs associated with inventory, and increase company's profitability. It does this by providing businesses with flexible and scalable solutions, as well as ones that can be adapted to meet the particular requirements of each business. GMDH Streamline GMDH Streamline makes use of complex algorithms to perform data analysis and provide insights that, when implemented in B2B logistics operations, can lead to increased efficiency and a reduction in costs. This software can analyze past sales data and make predictions about future demand patterns, which helps to ensure that the right products are always available for purchase. Because of this, there will be less of a need for excessive stockpiling, which can prevent the free flow of capital and raise the risk of stock obsolescence. Netstock Netstock's cloud-based solutions provide businesses the agility and responsiveness they need to stay competitive in the ever-changing business landscape. With its seamless integration with industry-leading ERPs, Netstock unlocks valuable ERP data and enables businesses to make informed decisions based on enhanced analytics. In addition, by leveraging Netstock's solutions, businesses can respond swiftly to supply and demand fluctuations, resulting in optimized logistics and efficient supply chain management. Solvoyo With Solvoyo's platform, businesses can optimize their supply chain performance, reduce inefficiencies, and achieve cost savings. In addition, the platform offers advanced scenario modeling and real-time analytics to help companies to make informed decisions and quickly adapt to changing market conditions. By leveraging Solvoyo's capabilities, businesses can achieve a competitive advantage and drive growth in the dynamic world of supply chain management. American Software, Inc. American Software provides logistics and supply chain companies with supply chain management software solutions. Its solutions including supply chain planning, warehouse management, transportation management, global trade management, and vendor inventory management are intended to assist businesses in optimizing their B2B logistics operations, increasing their efficiency, and lowering their expenses. In addition, it provides modern temperature control technology to ensure safe and efficient transport of temperature-sensitive goods in the supply chain. 6. Conclusion “The global supply chain management market size is expected to reach USD 37.4 billion at a CAGR of 11.3% by 2027." (Source - Grand View Research) The anticipated growth of the global supply chain management market presents businesses with opportunities to enhance their supply chain operations by implementing innovative technologies and strategies. The increase in market size indicates a growing demand for efficient supply chain management solutions that reduce costs, optimize efficiency, and improve customer satisfaction. Businesses can use AI, blockchain, and augmented reality to analyze real-time data, forecast demand, and streamline procurement. These technologies and strategies can give logistics and supply chain management businesses an edge in the increasingly competitive marketplace.

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Transportation

Transportation Technology: A Source Of Clarity For Supply Chains In Need

Article | April 26, 2023

Transportation has always been the cornerstone of the supply chain and arguably its most targeted area when something goes wrong with a shipment. Why is my package late? What is my load’s current location? What is the ETA for my order? These are the daily questions that come from warehouses, distribution centers, and their end consumers – and they’re being asked now more than ever. Answering these questions requires holistic visibility into your supply chain that can only be achieved with the right mix of transportation technology and data management.

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Software and Technology, Logistics

Complexities Triggering Technological Advancement in Transport & Logistics

Article | July 12, 2022

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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Spotlight

Element Fleet Management

Element Fleet Management (TSX: EFN) is the leading global fleet management company, providing world-class management services and financing for commercial vehicle and equipment fleets.

Related News

Warehousing and Distribution

ProvisionAI Partners with Transportation Warehouse Optimization (T|WO)

globenewswire | August 02, 2023

ProvisionAI, the only provider of a patented optimized replenishment transportation scheduling solution, announces a strategic partnership with Transportation | Warehouse Optimization (T|WO) to help companies cut their long-term transportation costs up to eight percent. AutoO2 is a SaaS-based load-building optimization solution helps to fill trucks fuller and maximize payload. “As transportation is the most significant part of a company’s supply chain costs, the ability to maximize the loading of a truck is critical to cutting transportation costs, especially since studies show that almost 92% of trucks are not even close to being full,” says Tom Moore, Founder and CEO of ProvisionAI. “Combining AutoO2 with Provision AI’s LevelLoad brings supply chain excellence by bridging the gap between supply chain planning and execution with optimized load building that creates efficient shipments that require fewer trucks for greater cost savings.” In addition to maximizing payload, T|WO’s AutoO2 also makes loading trucks easier with 2-D and 3-D load instructions. The algorithms within AutoO2 optimize load planning based on factors such as equipment, weight, size, and the states through which the shipment will pass, leading to better utilization of transportation capacity. The tool evaluates multiple parameters and constraints to generate optimal load plans. ProvisionAI's innovative solution harnesses the power of demand and supply-planning systems and combines transportation data with the overall network's constraints. It performs daily optimization and generates a globally optimized replenishment transportation schedule, recommending early trucking capacity reservations across the entire network. This approach creates a smooth, optimized flow of products throughout the supply chain. Both ProvisionAI and T|WO were instrumental in helping Kimberly-Clark smooth their transportation operations, saving millions of dollars. Using ProvisionAI and T|WO, Kimberly Clark was named a finalist in the 2022 Council of Supply Chain Management Professionals Supply Chain Innovator of the Year Award and won the Kinaxis innovation award. About ProvisionAI ProvisionAI provides global manufacturers with a transportation scheduling solution featuring optimized, capacity-constrained replenishment. LevelLoad, the flagship offering, attains long-term transportation planning objectives despite the realities of supply chain network constraints. The results include fuller loads, higher use of preferred freight carriers, and overall lower costs. Clients save millions by tendering loads early to reserve preferred carriers, filling truckloads optimally to minimize wasted capacity, improving customer order fulfillment, and ratcheting down costs. The patented technology was developed over five years by a team of logistics optimization experts that studied shippers like Unilever, Baxter, P&G, and Kimberly-Clark. About Transportation Warehouse Optimization (T|WO) For over 30 years Transportation Warehouse Optimization has helped Fortune 500 companies reduce their total supply chain logistics costs. Established in 1992, Transportation | Warehouse Optimization (T|WO) provides load-building optimization and 3D load diagramming software to cut customers’ supply chain total costs.

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Transportation

Osa Commerce Partners with Techdinamics to Support Logistics Providers and Retailer's Digital Transformation

Osa Commerce | July 19, 2023

Osa Commerce, a leading supply chain technology provider for brands, retailers, and third and fourth-party logistics (3PLs and 4PLs) partners, has announced a strategic partnership with Techdinamics to empower brands, retailers, and 3PLs in executing their digital innovation strategies. According to the Retail Industry Leaders Association, two to three-day delivery is the baseline expectation for more than 90% of consumers, with 30% expecting same-day delivery. As businesses grapple with increased demands from consumers, so does the necessity of improved supply chain visibility. This collaboration leverages Osa's Unified Commerce Collaborative Visibility Platform alongside innovative integration and fulfillment technology solutions for greater order visibility. Osa Commerce's ecosystem approach, combined with last mile delivery and shipment analytics, will drive operational optimization, cost savings and revenue growth through a collaborative ecosystem model, harnessing the collective potential of people, process, and platform. "Our collaboration with Techdinamics marks an important step in solving yet another step in today's complex product journey," said Padhu Raman, co-founder and CPO at Osa Commerce. "By combining Osa's cutting-edge technology with Techdinamics' extensive solutions network, we will empower brands, retailers and logistics providers to make informed decisions, optimize their global supply chains and drive business growth." "We are excited to partner with Osa Commerce in supporting the digital transformation efforts of logistics providers, retailers, and brands," said Reg Adams, President of Techdinamics. "Our combined expertise and resources will provide industry-leading solutions that help businesses thrive in the ever-changing landscape of supply chain management." With Osa Commerce's advanced technology, retail, 3PL, 4PL, and carrier customers gain access to real-time data and powerful decision-making capabilities, enabling them to make informed global supply chain decisions. About Techdinamics Techdinamics is a global technology team with deep roots in the fulfillment industry. Embedded in our DNA, we provide leading-edge technology for smarter fulfillment. Techdinamics is a system integrations company that helps 3PL's, distribution centers, and retailers automate their fulfillment services and final-mile shipping. Our clients view us as an extension of their IT team, enabling them to take on new customer business and process orders with advanced automation. About Osa Commerce Osa Commerce is an innovative technology company on a mission to tackle the data chaos in the supply chain. We specialize in connecting, unifying and automating commerce operations for retailers, logistics providers and their customers. With our advanced AI-powered Collaborative Visibility Platform and intelligent decision-making capabilities, we power supply chains to sell wherever their customers are so they can focus on scalable growth—and be one step ahead.

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Freight

Pangaea logistics solutions to join the russell 3000 index

prnewswire | June 27, 2023

Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, today announced that it has been selected to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023, according to a preliminary list of additions posted May 19. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. "Pangaea is honored to join the Russell 3000® Index," stated Mark Filanowski Pangaea's Chief Executive Officer. "Our integrated shipping logistics model continues to deliver consistent, above-market returns, contributing to long-term value creation for our shareholders. "Our inclusion within the Index is an important milestone for our entire team, one that will serve to build awareness around the Pangaea growth story, while increasing our exposure to new investor audiences." ABOUT PANGAEA LOGISTICS SOLUTIONS LTD Pangaea Logistics Solutions Ltd(Nasdaq: PANL) provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning.

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Warehousing and Distribution

ProvisionAI Partners with Transportation Warehouse Optimization (T|WO)

globenewswire | August 02, 2023

ProvisionAI, the only provider of a patented optimized replenishment transportation scheduling solution, announces a strategic partnership with Transportation | Warehouse Optimization (T|WO) to help companies cut their long-term transportation costs up to eight percent. AutoO2 is a SaaS-based load-building optimization solution helps to fill trucks fuller and maximize payload. “As transportation is the most significant part of a company’s supply chain costs, the ability to maximize the loading of a truck is critical to cutting transportation costs, especially since studies show that almost 92% of trucks are not even close to being full,” says Tom Moore, Founder and CEO of ProvisionAI. “Combining AutoO2 with Provision AI’s LevelLoad brings supply chain excellence by bridging the gap between supply chain planning and execution with optimized load building that creates efficient shipments that require fewer trucks for greater cost savings.” In addition to maximizing payload, T|WO’s AutoO2 also makes loading trucks easier with 2-D and 3-D load instructions. The algorithms within AutoO2 optimize load planning based on factors such as equipment, weight, size, and the states through which the shipment will pass, leading to better utilization of transportation capacity. The tool evaluates multiple parameters and constraints to generate optimal load plans. ProvisionAI's innovative solution harnesses the power of demand and supply-planning systems and combines transportation data with the overall network's constraints. It performs daily optimization and generates a globally optimized replenishment transportation schedule, recommending early trucking capacity reservations across the entire network. This approach creates a smooth, optimized flow of products throughout the supply chain. Both ProvisionAI and T|WO were instrumental in helping Kimberly-Clark smooth their transportation operations, saving millions of dollars. Using ProvisionAI and T|WO, Kimberly Clark was named a finalist in the 2022 Council of Supply Chain Management Professionals Supply Chain Innovator of the Year Award and won the Kinaxis innovation award. About ProvisionAI ProvisionAI provides global manufacturers with a transportation scheduling solution featuring optimized, capacity-constrained replenishment. LevelLoad, the flagship offering, attains long-term transportation planning objectives despite the realities of supply chain network constraints. The results include fuller loads, higher use of preferred freight carriers, and overall lower costs. Clients save millions by tendering loads early to reserve preferred carriers, filling truckloads optimally to minimize wasted capacity, improving customer order fulfillment, and ratcheting down costs. The patented technology was developed over five years by a team of logistics optimization experts that studied shippers like Unilever, Baxter, P&G, and Kimberly-Clark. About Transportation Warehouse Optimization (T|WO) For over 30 years Transportation Warehouse Optimization has helped Fortune 500 companies reduce their total supply chain logistics costs. Established in 1992, Transportation | Warehouse Optimization (T|WO) provides load-building optimization and 3D load diagramming software to cut customers’ supply chain total costs.

Read More

Transportation

Osa Commerce Partners with Techdinamics to Support Logistics Providers and Retailer's Digital Transformation

Osa Commerce | July 19, 2023

Osa Commerce, a leading supply chain technology provider for brands, retailers, and third and fourth-party logistics (3PLs and 4PLs) partners, has announced a strategic partnership with Techdinamics to empower brands, retailers, and 3PLs in executing their digital innovation strategies. According to the Retail Industry Leaders Association, two to three-day delivery is the baseline expectation for more than 90% of consumers, with 30% expecting same-day delivery. As businesses grapple with increased demands from consumers, so does the necessity of improved supply chain visibility. This collaboration leverages Osa's Unified Commerce Collaborative Visibility Platform alongside innovative integration and fulfillment technology solutions for greater order visibility. Osa Commerce's ecosystem approach, combined with last mile delivery and shipment analytics, will drive operational optimization, cost savings and revenue growth through a collaborative ecosystem model, harnessing the collective potential of people, process, and platform. "Our collaboration with Techdinamics marks an important step in solving yet another step in today's complex product journey," said Padhu Raman, co-founder and CPO at Osa Commerce. "By combining Osa's cutting-edge technology with Techdinamics' extensive solutions network, we will empower brands, retailers and logistics providers to make informed decisions, optimize their global supply chains and drive business growth." "We are excited to partner with Osa Commerce in supporting the digital transformation efforts of logistics providers, retailers, and brands," said Reg Adams, President of Techdinamics. "Our combined expertise and resources will provide industry-leading solutions that help businesses thrive in the ever-changing landscape of supply chain management." With Osa Commerce's advanced technology, retail, 3PL, 4PL, and carrier customers gain access to real-time data and powerful decision-making capabilities, enabling them to make informed global supply chain decisions. About Techdinamics Techdinamics is a global technology team with deep roots in the fulfillment industry. Embedded in our DNA, we provide leading-edge technology for smarter fulfillment. Techdinamics is a system integrations company that helps 3PL's, distribution centers, and retailers automate their fulfillment services and final-mile shipping. Our clients view us as an extension of their IT team, enabling them to take on new customer business and process orders with advanced automation. About Osa Commerce Osa Commerce is an innovative technology company on a mission to tackle the data chaos in the supply chain. We specialize in connecting, unifying and automating commerce operations for retailers, logistics providers and their customers. With our advanced AI-powered Collaborative Visibility Platform and intelligent decision-making capabilities, we power supply chains to sell wherever their customers are so they can focus on scalable growth—and be one step ahead.

Read More

Freight

Pangaea logistics solutions to join the russell 3000 index

prnewswire | June 27, 2023

Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, today announced that it has been selected to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023, according to a preliminary list of additions posted May 19. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. "Pangaea is honored to join the Russell 3000® Index," stated Mark Filanowski Pangaea's Chief Executive Officer. "Our integrated shipping logistics model continues to deliver consistent, above-market returns, contributing to long-term value creation for our shareholders. "Our inclusion within the Index is an important milestone for our entire team, one that will serve to build awareness around the Pangaea growth story, while increasing our exposure to new investor audiences." ABOUT PANGAEA LOGISTICS SOLUTIONS LTD Pangaea Logistics Solutions Ltd(Nasdaq: PANL) provides logistics services to a broad base of industrial customers who require the transportation of a wide variety of dry bulk cargoes, including grains, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The Company addresses the transportation needs of its customers with a comprehensive set of services and activities, including cargo loading, cargo discharge, vessel chartering, and voyage planning.

Read More

Events