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

NTC Logistics India [P] Limited

NTC Logistics India (P) Limited is a rapidly growing ISO [9001:2015, 14001:2015, OHSAS 18001:2007]-certified, multi-billion-rupee company that has brought innovation to the logistics industry by offering cost-effective and modern technology-driven solutions.

OTHER ARTICLES
Supply Chain

Warehouse Management System – An Integral Part of the Supply Chain

Article | May 26, 2023

Warehouse Management System In Supply Chain, warehouse management acts as the bridge between the supplier and customer. The warehouse facility utilized to consolidate or accumulate products and reduce the transportation cost to achieve economy. Warehouse Management System (WMS) refers to the movement and storage of materials within a warehouse. WMS is part of the Supply Chain Management and concerned with the receipt, shipping and picking of materials. To effectively monitor the flow of products, WMS utilizes technology devices such as Barcode scanners, Bio-Metrics, and RFID to name a few. A seamless link created between the warehouse facility, order processing and logistics management till shipment. Warehouse management just not limited to the warehouse; it can also a component of Supply Chain Management (SCM) and, when done well, provides a competitive advantage to the business or organization.Supply Chain Management is the management of flow of goods and services including raw materials, work-in-process inventory and finished goods. The markets these days are transcending borders and managing the demand-supply quotient is increasingly getting complex. Production centers are setup at locations where the raw materials and labour are cheaper. Raw materials sourcing and finish goods distribution are done globally. Supply Chain Management Thus Supply Chain Management refers to all business processes and activities involved from the procurement of raw materials to the manufacturing and distribution of finished products. SCM in short is the art of providing the right product at the right time, place and cost. As inferred, SCM gets much wider in scope than WMS. However, WMS is perhaps the last mile in the Supply Chain Management system and any hitch in the efficacy of WMS system hampers SCM too. Conclusion The primary aim of Supply Chain Management is to match supply with demand. For this to work, the supply chain should be free from bottlenecks such as errant supplies, difficulty in sourcing etc. There seemed significant confusion about the phrases SCM and WMS until recently, and both frequently used interchangeably. However, it been generally accepted that warehouse management refers to the logistics of warehouse, storing, stocking, and also movement of goods. The term Supply Chain has a much broader focus involving suppliers, manufacturers and retailers.By providing customer centric operations in warehousing, companies gain competitive advantage. SCM tools help manage the supplies effectively keeping inventory at optimum levels. The efficiency of SCM relies to a large extent upon the efficiency of WMS. The SCM’s primary concern is to find out the best storage levels, which the WMS attempts to address. Therefore, it is seen that the SCM & WMS are only complementary in nature and not competing. Warehouse Management system also complements the Sales Management System by shortening the sales cycle through quick data access and delivery of quality service, every time.

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Warehousing and Distribution

Ultimate guide to warehouse logistics: Enhance organization, movement, and management

Article | July 17, 2023

Warehouse logistics is the heart of any supply chain operation, assimilating and dispatching goods to ensure availability and timely delivery. With more consumers turning to e-commerce, it’s important for businesses of all sizes to bolster the supply chain to handle the e-commerce business model. According to research conducted by BigCommerce, the top three factors that influence consumers’ online purchasing decisions are convenience, cost and free shipping. In fact, the National Retail Federation (NRF) found that 75% of consumers expect delivery to be free even for orders under $50.

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Supply Chain

Put Strategy First When Pondering Automation for Your DC

Article | August 17, 2023

The unsurprising investment eagerness of venture capital funds is manifesting in an automation tech glut in the distribution center space. Motivated by enabling trends like labor and land shortages, DCs are amid an automation transformation. Never has defining an automation strategy been more important. There’s no shortage of VC cash available to logistics tech startups With a brightly shining spotlight centered on supply chains for the past two years, it’s no surprise that total funding in logistics startups has seen a dramatic increase – growing at over 70% CAGR (Compound Annual Growth Rate). Logistics technology startups raked in over $25 billion in the first three quarters of 2021. That’s more than half of the total amount raised in the whole of 2020, and the incentives for continuing investment persist. The rise of the of the “micro” DC “Micro” is a relative term. The size of a micro fulfillment center (MFC) can range from 5,000 to 50,000 square feet. Those reduced square footages allow location in dense urban areas, typically within 40 miles of most of their intended customers. In addition, smaller footprints lead to reduced rents compared to a standard customer fulfillment center (CFC), and the proximity to consumers makes for lower final mile delivery costs. It’s no wonder that MFCs accounted for more than half of the logistics real estate leasing activity in the third quarter of 2021. The “urban logistics” trend is fueling demand for these highly automated, smaller locations. Vertical logistics integration grows ever more fashionable among retailers It’s a very “in” thing right now, these acquisitions and partnerships, and they won’t be going out of fashion soon. For example, American Eagle took in Airterra and its parcel optimization tech and third-party logistics (3PL) provider Quiet Logistics. Target started early. They bought Grand Junction, a software platform that helps retailers determine the best delivery method and track carrier performance, in 2017. Their 2020 acquisition of Deliv brought with it same-day delivery routing technology that they’re now applying to their 2021 purchase, on-demand delivery service Shipt. Target uses Delivs’ tech to generate more efficient routes for Shipt. Kroger has partnered with UK’s e-grocery specialist Ocado to build automated CFCs across the US and expand their retail footprint. The first CFC opened last spring in Ohio and their second in Florida later that year. They plan to open 20 CFCs over the next three years. “The proliferation of DC automation solutions and modalities, the rise of MFCs in high-density urban areas, the increasingly automated vertical integration of logistics, and the need to rapidly expand order fulfillment capacity have all, in combination, advanced the need for and application of clearly defined strategies concerning the implementation of automation technology. Do not operate without one.” Vikas Argod, Principal, Supply Chains Operations practice at Chainalytics Coping with shortages in warehouse space and labor availability Third quarter, 2021 US demand for industrial real estate exceeded supply by 41 million square feet. This pushed the national vacancy rate in the fourth quarter down to a record 3.7% in the Cushman & Wakefield US National Industrial MarketBeat report for Q4 2021. Who knows what the record might be when the Q1 2022 report breaks in a few weeks? On the labor side, the December 2021 US unemployment rate was 3.9%, lower than in December 2019 (3.6%) yet reflecting a tighter labor market. Labor force participation rates are at 61.9%, nearly 2% below February 2020 levels, because of lingering effects of the COVID-19 pandemic. The rising wages and signing bonuses of the past year offer silent testimony to the ongoing constraints in today’s labor market. Both trends will remain with us for the near- and mid-term, making an automation strategy a necessary part of your DC operations as you attempt to mitigate the effects of both. In addition, warehouse labor shortages are most pronounced in markets with high distribution center densities – Greater Memphis, In-land Empire, Allentown, PA, et al.) Building the capability to rapidly open DCs at scale No other factor drives home the need for a coherent DC automation strategy like this one. Let’s explore it with an example. We’ll call this “A Tale of Two Companies.” One jumped on the automation bandwagon without hesitation – not a bad thing – but applied no strategic groundwork. The other is, well, Amazon. Company one responded to increasing demand by creating DCs in their usual, strategically located fashion. However, with automation, the lack of a logical strategy led to adopting “the best that money could buy.” So, while these DCs work fine on their own (most of the time), each employs unique implementations from a variety of vendors, with little to no overlap of methods, capabilities, and management procedures between DCs. It’s functional, but a needlessly complicated hodgepodge. On the other hand, it definitely looks like Amazon has a standardized automation strategy. One that can easily adapt to exploit the individual physical specifications of any space. This makes it simple to arrive and equip it with a standard package of automation solutions. That’s probably how Amazon blanketed the US with over 400 new DCs in just the last two years. They waste no time or money on repeating unnecessary decisions along the way. Now, we all can’t have the resources of an Amazon. However, the rise of on-demand warehousing companies like Stord and Flexe allow organizations to dramatically decrease the cycle time of standing up additional fulfillment capability. Developing an automation strategy will feel familiar. It begins with benchmarking, order profiling, current performance drivers, EBIT targets, and theoretical evaluations of newer technology options. All this leads to the creation of a decision framework for DC automation. The goal here is achieving alignment among the leadership on critical capabilities to focus on. These include rapid fulfillment, labor shortage, capacity constraints, safety challenges, or sustainability. Those that commit to this process will start slowly but finish with a strategy that will underpin thousands of decisions and enable sustained rapid growth. If, in the end, you decide that automation is not right for your operation, that’s a perfectly valid strategy as well. So long as you have a method to evaluate all of your options, and you base your decision on cost-service-sustainability trade-offs, the right strategy for your organization may be no automation at all. There’s no point in chasing shiny robotic objects if automation makes little sense‌. The rise of automation and the multitude of technologies to choose from require the development of a strategic decision framework. Contact us and see how Chainalytics – an NTT DATA company – can be your guide in developing this critical part of your foundation for growth. Our top supply chain talent, enabled by proven, leading-edge digital assets – tools, methods, and content – deliver actionable insights and measurable outcomes to some of today’s largest and most complex supply chains.

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4 features to look for when buying a quality warehouse order picking cart

Article | October 16, 2020

Order picking is the most resource-intensive operation of a warehouse or fulfillment center. More than 55% of the operating cost for a warehouse is related to order picking, and fulfillment centers, the number stands at 50%. It is the process that can bring in the most cost savings with an effective, streamlined and efficient order picking system. One of the most important components of your order picking system is the warehouse order picking cart. Order picking carts are used to move inventory from the warehouse shelves to sorting or packing stations. They make it easier for warehouse associates to carry multiple items at a time or to carry large, unwieldy items. When it is possible to carry multiple items on a trip, it drastically reduces the distance traveled by associates on foot. It also helps to reduce physical fatigue and improves efficiency dramatically.

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Spotlight

NTC Logistics India [P] Limited

NTC Logistics India (P) Limited is a rapidly growing ISO [9001:2015, 14001:2015, OHSAS 18001:2007]-certified, multi-billion-rupee company that has brought innovation to the logistics industry by offering cost-effective and modern technology-driven solutions.

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.

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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.

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.

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Events