How Global Trade Blockchain Platforms Could Help Streamline Freight Movements from Cargo Ship to Big Rig to Your Door
- Written by Rick Burnett CEO
- Category: Logistics
In early August, IBM and Maersk unveiled TradeLens, a global trade blockchain platform seeking to bring efficiency and transparency to international shipping. After months of testing with port operators, customs authorities, logistics companies, and carriers, TradeLens hopes to be fully commercially available by the end of 2018. The platform is being billed as an open and neutral ecosystem, designed to integrate with other Hyperledger Fabric blockchains. While only time will tell if IBM and Maersk are truly dedicated to collaboration, the possibility of multiple blockchain platforms interacting and integrating could revolutionize shipping from the open ocean to the open road.
If you have an Amazon Alexa or Google Home device in your home or office it’s no surprise that voice command has become powerful and accurate. But for the most part voice is still part of the consumer realm. Part of the reason may be because enterprises are not entirely comfortable allowing voice control of orders and process at the scale of business. But it seems that the trend is expanding as companies like HighJump and other supply chain software providers explore adding capabilities to their platforms.
In many ways the supply chain is the perfect type business to adopt cloud technologies. And in fact it may have been one of the first to do so when VANs began receiving, storing, and forwarding the very first orders between trading partners. So is it any surprise that IDC expects taht 80% of supply chain interactions will be cloud based by 2020?
If you’re paying any attention at all to news stories about supply chain you’re noticing that a single issue is vying for your attention. I’ve been mentioning blockchain myself quite a bit, but with a slightly jaded view. Here’s what I’m seeing most recently.
Computers that manage your supply chain activities are processing the data that controls your supply chain. It’s been part and parcel of supply chain management for decades. But it wasn’t till the last decade that companies have come to understand that if they stored that data they might be able to apply some analysis to it and learn how to optimize their operations. The challenge has been to find ways to consume the huge amounts of data and find things that could make a difference in real ways, a task far beyond what us humans can handle.
- Written by Bill Dunn
- Category: Management
In recent times, with modern advancements, there have been new strategies to run supply chains. So, now is a time when you have to bring together the old and the new; and bring harmony along your supply chain. After all, it is a harmonious chain of supply that will give your business the success it deserves.
Everything is blockchain. The technology is the answer to every problem even vaguely connected to data and security. At least that’s what the current buzz surrounding today’s darling technology. But is blockchain actually going to replace the various technologies that underpin today’s supply chain? Let’s look at just a few of the issues that will need to be addressed before this can happen.
Supply chain managers rise through the ranks for a few reasons. Generally they are valued for their management skills, business acumen, and experience. But experience may turn out to be less important as artificial intelligence moves into supply chain management and develops its ability to replace years of experience with deep learning and instant action. Machine learning is replacing personal experience, and doing a surprisingly good job at it.
- Written by Henk Jan Onstwedder
- Category: Supply
In the aftermath of a humanitarian disaster, it's vital for help to arrive as soon as possible through monetary donations, supplies and materials, and on the ground responders. The coordination of these necessities is only achieved through complex operations, and as any disaster relief coordinator can attest, time is of the essence, both in terms of raising funds and quickly beginning relief efforts. In addition to carefully managing limited funding, humanitarian NGOs must manage complex supply chains to ensure the right resources, aid and materials are available quickly and efficiently.
Shipment tracking is one of the most critical services in supply chain management. Millions of dollars worth of goods are lost in transit every year due to a lack of visibility during the shipment process. Therefore, the ability to give an exact and immediate answer to the question, "where is my order?" is critical to the efficiency and robustness of any supply chain. TPSynergy's new IoT tracking devices integrate seamlessly into its award-winning supply chain platform, giving customers the ability to locate their shipment any time of the day.