Blockchain a growing trend in supply chain visibility, but is it just 'hype'?

The Loadstar | February 13, 2020

Shippers are increasingly pulling their logistics providers into blockchain as they employ the technology to form networks with business partners and tech providers. Walmart is very much in the vanguard, having set up a blockchain-based freight and payment network in Canada and about to launch a pharmaceutical utility network. According to Walmart and technology provider DLT Labs, the network is the largest “full production blockchain solution for any industrial application” on the planet. It tracks deliveries, verifies transactions and automates payments and reconciliation between the retailer and the truckers hauling inventory, to more than 400 retail locations across Canada. All data are integrated and synchronised in real time on a shared ledger, which participants access through a web portal and a mobile application interface. The system, which integrates seamlessly with their respective legacy systems, performs all the calculations for real-time invoicing, payments and settlement.

Spotlight

“Blockchain for supply chains” has become a prominent, and very promising application scenario for blockchains, enabling transparency between untrusted partners and traceability throughout production processes. The advantage of using blockchain technology in the supply chain is that it provides an open, immutable, global, online ledger for transactions, which includes a verification mechanism.

Spotlight

“Blockchain for supply chains” has become a prominent, and very promising application scenario for blockchains, enabling transparency between untrusted partners and traceability throughout production processes. The advantage of using blockchain technology in the supply chain is that it provides an open, immutable, global, online ledger for transactions, which includes a verification mechanism.

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LOGISTICS

Airspace Awarded Patent for its Revolutionary Logistics Management System

Airspace | March 18, 2021

The United States Patent and Trademark Office has granted a U.S. patent to the Airspace’s logistics management system as of March 2. The granted patent covers computer programming, method, system, and graphical representation mentioned in the system. The co-founder and CTO of Airspace, Ryan Rusnak says “This technology is a game-changer for the industries like logistics and supply chain.” He also adds, “the transparency this technology gives creates confidence and trust in the minds of both, receivers and shippers.” The Airspace is a system that calculates the fastest route to the destination in a matter of milliseconds opposed to the current technology that takes up to 30 minutes for finding out an optimal route for the shipment. This enhancement brings a greater relief for the time-critical industries like shipping and supply chain, as it lowers the time taken for best route finding by ten times. Airspace can also generate time and space expectations so that even if the expected flight gets cancelled, the software then immediately creates a new flight plan and keeps a track. Airspace offers automated real-time notification to the shipper as well as the customers receiving the package, giving and efficient substitute for personal calls and generating leading indicators rather than lagging ones. The logistical challenges are difficult to encounter as most of the shipments start from an arbitrary place like labs, storage centres, warehouses, hospitals, etc. instead of starting directly from airport. This technology can also help in delivering the COVID vaccines to all parts of the world within time. Nick Bulcao, Co-founder and CEO of Airspace states, “You set the shipment up for the failure if you select the optimum route for your driver. Create too conservative course and you risk losing the last flight that gets the package there when it’s required” while announcing the patent. He adds, “This is an extremely complex optimization challenge that only Airspace can provide a solution to, utilizing our proprietary software and highly-advanced artificial intelligence. We are very proud of our inventors and are pleased with our technology that is really making a difference.” Airspace has just finished up Series C funding round, while continuously analysing the data to address the current needs of logistics and supply chain industries and providing the best user experience for clients. The technology has now focused on global expansion by blending operations and R&D for the benefit of the industry. About Airspace Founded in the year 2016, Airspace has started to become a global software for deadline-oriented logistics and supply chain companies. Airspace commits for a faster, safer, and transparent shipping options for both receivers and shippers. It covers almost all the aspects that come into shipping- from real-time automated notifications to tracking, it addresses over 16000 touchpoints crucial in shipping industry.

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SUPPLY CHAIN

Accenture Positioned as a Leader in IDC MarketScapes for Worldwide Supply Chain Ecosystem Services including Oracle and SAP

Accenture | April 28, 2021

For its transformative approach to creating and delivering resilient, customer-centered supply chains and customer-centric, agile delivery, Accenture has been named a leader in 3 supply chain evaluations by IDC MarketScape, IDC MarketScape: Worldwide Supply chain Oracle Ecosystems 2021, IDC MarketScape: Worldwide Supply Chain All Other Ecosystems 2021. Accenture's competitiveness focuses on its ability to understand and deliver business solutions which cover the needs of customers, process and technology through transformative data capacity in all three IDC MarketScape reports. The report emphasizes the scope of services provided jointly by Accenture solutions that serve customers from their initial design to ongoing operations across the entire supply chain. The IDC MarketScape: Worldwide Supply Chain Accenture's unmatched experience and global scope is highlighted in the SAP Ecosystems 2021 Vendor Assessment, covering the entire spectrum of supply chain management solutions from SAP and complementing a wide range of applications to add value to its clients, such as the myConcerto platform. A blend of industry expertise, services, and SAP ability and its end-to-end scope differentiates the approach of Accenture to supply chain management with SAP solutions. According to IDC MarketScape: Worldwide Supply Chain Oracle Ecosystems 2021, Accenture supports customers on a seamless digital journey, from consulting services to the delivery of a full cloud solution through ongoing support and improvement. This is possible by envisioning business processes, including myConcerto and myConcierge using Accenture's best-in-class digital tools. IDC MarketScape: All Other Ecosystems 2021 Vendor Assessment covers supply chain management application suppliers in the world. Accenture's ability to help customers convert a linear supply chain into a digital supply network is described in the report. Accenture has the expertise not only to introduce leading applications and to support them, but also to create platform depth to provide real-world views that help customers compare, contrast, and select the correct platform or group of platforms. The 3 IDC MarketScape reports evaluate the consulting companies' existing capacity and future strategies to help technology buyers determine their respective supply chain needs and priorities more efficiently. About IDC MarketScape The MarketScape vendor evaluation model of IDC is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. A rigorous scoring methodology is used based on both qualitative and quantitative criteria that give a single graphical illustration of each vendor's position on a given market. IDC MarketScape provides a consistent platform for the useful comparison between IT and telecommunications providers of product and service offerings, capabilities and strategies, and current and future market success factors. The framework also provides technology buyers with a 360-degree review of existing and prospective vendors' strengths and weaknesses. About Accenture Accenture is a global, digital, cloud, and security professional services firm. Combined with unmatched expertise and professional skills across more than 40 industrial sectors and supported by the world's largest network of Advanced Technology and Intelligent Operations, deliver strategy and advice, interactive, technical, and functional services. Every day, their 537,000 people deliver on their technical promise and human ingenuity, serving customers in over 120 countries. They focus on the power to transform their clients, people, shareholders, partners, and communities into value and shared success.

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LOGISTICS

Emergent Cold Latin America and DP World Announce Development Partnership

Emergent Cold Latin America | December 09, 2021

Emergent Cold Latin America (Emergent LatAm), Latin America’s newest temperature-controlled warehousing and logistics provider, and DP World, a global logistics company and one of the world’s largest marine terminal operators, announced their intention to partner on the development of two temperature-controlled logistics facilities within DP World Logistics Parks in Latin America. These developments will provide Emergent LatAm and DP World customers with a fully integrated supply chain solution. The developments will be focused on two locations: DP World Caucedo (Dominican Republic) is a world-class Logistics Hub and free trade zone located in Punta Caucedo, near the city of Santo Domingo. Caucedo is the newest and most modern port on the island, and a gateway for the Caribbean food trade. Duran Logistics Center (Ecuador) began operations in September 2020 as part of a large investment in this important global trade market. Ecuador’s main export commodities include shrimp and bananas. The parties have also committed to explore development activities in other DP World locations in Latin America to enhance their service offerings and further establish a cold-chain footprint. “This partnership in these locations is an important step forward in our vision to build the highest quality cold storage network in Latin America. DP World is a major player in the region, and we share a commitment to growth in the global food trade. We look forward to working with DP World in delivering a more integrated solution to our customers in their locations.” -Neal Rider, CEO of Emergent LatAm “Partnering with Emergent Cold Latam allows us to jointly integrate the refrigerated supply chain of our customer’s and provide logistics solutions that simplify their supply chain.Emergent Cold LATAM fits perfectly with DP World’s Logistics service vision and strategy across the Latam region, enabling trade and expanding our logistics offerings.” -Matthew Leech, CEO and Managing Director of DP World Americas Region About Emergent Cold Latin America Emergent Cold Latin America is building the highest quality cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. The Company was founded to fill a need for modern cold-chain solutions within the market and to serve the increasing demand from domestic and global trade customers. About DP World We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions. We deliver these services through an interconnected global network of 181 business units in 64 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work. Our dedicated, diverse and professional team of more than 56,000 employees from 140 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership. We think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

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