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Technology can have a significant impact on supplychains, but supplychain digitization still lags behind digitization of other areas of business across many industries. Still, there are several technologies that are transforming supplychains for the organizations that adopt them.
Kearney research shows that the more companies invest, the bigger the average ROI Investments in supplychain firms and technologies represent 15-20% of total venture capital investments, according to a recent report by the management consulting firm Kearney. billion in 2024. In Divergent’s case, they raised $230 million.
The global supplychain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. More and more large U.S.
Kary Jablonski and Joe Lynch discuss Trucker Tools. Kary is the CEO of Trucker Tools , the leading carrier relationship management platform that helps brokers grow their carrier network, book loads digitally, track freight, and build enduring relationships with carriers to drive reuse. About Trucker Tools.
Speaker: Adam Robinson, Director of Marketing, Cerasis
We’ll address how automation in the supplychain will provide employees with the following: More Strategic Procurement. Improved Supplier/Vendor Management (Automated buying on an e-commerce website for repeat orders, automatedfreight pickups for inbound delivery, automated tracking alerts).
Sean Smith and Joe Lynch discuss scaling your SMB freight brokerage. Sean is VP of Product at Denim , a trusted freight factoring partner on a mission to advance the supplychain by accelerating the movement of money and data. Denim delivers fast access to the working capital you need, when you need it.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. Surely all the technology and guardrails should prevent this type of disaster.
More Resources Home Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI Like all innovations, however, developing technology as complex as the human brain requires time and significant investment.Here, too, the journey of AI began as far back as 1956 at a workshop on Dartmouth College’s campus in the U.S
While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations. If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supplychain environment, optimizing these processes is critical to staying competitive and cutting costs.
Jack Fiedler, the vice president for digital transformation of the global supplychain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supplychains. Jack Fiedler : We’re unique in the technology industry. That has worked out well for us.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 Gaurav Bajaj July 8, 2024 Dive deeper into freight data that matters Learn More Empowering Freight Forwarders with AI: Insights from Industry Leaders For years, technology has been cast as a threat to freight forwarders.
Benchmarking helps ensure they are getting the most out of their supplychain and also provides a platform for further optimization. This allows shippers to gain insight into how their supplychain compares to others in terms of cost-efficiency, speed, and reliability. Currently residing in Mesa, Arizona.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. The ride is uphill, but the visibility is low. What is normalcy?
A research study conducted by The Journal of Commerce and FourKites surveyed hundreds of international shippers, exploring how their usage of global supplychain visibility technology has evolved since the onset of global disruptions caused by COVID-19.
In the ever-evolving supplychain industry, transportation spend optimization – or TSO – has assumed greater significance. Globalization has expanded supplychains; the result is increased complexity and transportation costs. As challenges increase, technology continues to evolve to meet demand.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 Gaurav Bajaj July 8, 2024 Dive deeper into freight data that matters Learn More Empowering Freight Forwarders with AI: Insights from Industry Leaders For years, technology has been cast as a threat to freight forwarders.
In a survey we conducted in October 2020, 91% of our Indago supplychain research community members, who are all supplychain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
For the first in seven years, I was not heads-down preparing for The SupplyChain Insights Global Summit. Pre-pandemic only 30% of supplychain leaders were satisfied with their supplychains, and during the pandemic, business leader satisfaction is falling precipitously. Rising Complexity. What To Do?
The unprecedented changes in the last couple of years have caused disruption and flustered supplychain resilience. As a result, shippers are dealing with high freight costs, late shipments, lack of visibility, process inefficiencies, and other complexities.
Last year, many in the supplychaintechnology industry were warning companies all over the globe to prepare for the unknown. There is optimism around the corner, but a sunny outlook isn’t enough; it’s past time for supplychain leaders to transform their supplychains to become more agile.
Brad Hollister and Joe Lynch discuss solving the freight broker’s biggest problem. About Brad Hollister Brad Hollister is an investor, entrepreneur, freight-tech advisor, and Head of Growth at Upwell, a tech firm that streamlines accounts receivable using artificial intelligence. 5000 list and the Deloitte Technology Fast 500.
Jake Hoffman and Joe Lynch discuss the Gnosis Freight Container Lifecycle Management® Platform and how Gnosis streamlines international logistics. We begin by discussing Gnosis Freight, a company that has developed the first Container Lifecycle Management® Platform to simplify the complex process of international shipping.
Ryan Schreiber and Joe Lynch discuss navigating the roller coaster freight market. Ryan is the Vice President, Industry and Growth, at Metafora , the leading business consulting and software development firm that exclusively serves the Transportation, Logistics and SupplyChain space. Welcome to the new way forward.
After having opened a new warehouse in Johannesburg - the largest integrated logistics center on the continent - a multi-national FMCG Healthcare company approached DSV South Africa (SA) for services across the end-to-end supplychain.
Ken Adamo and Joe Lynch discuss a trillion dollars in freight transactions. Ken is the Chief of Analytics at DAT Freight & Analytics. DAT operates the largest truckload freight marketplace in North America. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
My last post on the SupplyChain Shaman blog was forty-five days ago. Then it was the redefinition of the supplychain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. As we moved into our new roles, for all supplychains, demand shifted. Time to Know.
Michael Kornhauser and Joe Lynch discuss technology that matters. Michael is Sector Vice President of Trimble , a global technology company that provides hardware, software, and services to improve efficiency and productivity in industries like construction, agriculture, and transportation.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. Freight Rates 2019-2021.
Luke Buckberrough and Joe Lynch discuss powerful automation simplified. About The Rubic The Rubic is at the forefront of warehouse automation, marrying AI and advanced robotics to redefine industry standards. The Rubic is a leading provider of warehouse automation solutions, and their products are used by businesses of all sizes.
The logistics and supplychain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden.
We spoke with CTSI-Global to learn more about their approach to transportation management and the solutions they provide for businesses navigating the complexities of supplychain operations. With a global footprint, CTSI-Global manages $30 billion in freight annually and employs 500 staff across multiple countries.
Andy Tomka and Joe Lynch discuss freight-tech for SMB brokers. Andy is the Vice President of Product at MVMNT , a Chicago based TMS firm that is developing technology to meet the needs of smaller brokerages, giving them access to features typically only available to large enterprises.
Robert Bain and Joe Lynch discuss the 3 pillars of freight operations. Robert is is the Director of Client Engagement at CDL 1000 , a a technology-driven, third-party logistics (3PL) leader based in Chicago, IL. CDL 1000 is a Chicago-based supplychain solutions company, provides comprehensive logistics services.
Descartes is a software-as-a-service provider of logistics solutions. Mr. Ryan provided the best, most succinct explanation of the supplychain crises I have seen. Ryan provided the best, most succinct explanation of the supplychain crises I have seen. So, there was supplychain disruption.
Ron Crabtree and Joe Lynch discuss SupplyChain 2030. Summary: SupplyChain 2030 In this podcast, Joe Lynch and Ron Crabtree delve into the critical challenges and trends shaping the future of the supplychain industry. They’ll diagnose your problems and get you back on track, fast.
Richard Perry and Joe Lynch and discuss the importance of freight bill audit. Richard is Vice President of Strategic Accounts at Intelligent Audit , a cutting-edge logistics and supplychaintechnology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes.
Most supplychain suppliers have solutions that are very similar to each other. Carriers move shippers’ freight. The Emerge solution has attributes of different supplychainsoftware solutions. Because of this, it is feasible for Emerge to provide freight analytics. Emerge is that kind of company.
That’s the question that continues to bedevil the global supplychain industry. As I detailed in a recent column , the answer to constant supplychain volatility is pervasive real-time visibility into the precise location, temperature or status of a shipment — at any point along the journey. Where’s my shipment? .
Nick Dangles and Joe Lynch discuss winning in a down freight market. Nick is Co-founder of Sync Logistics Training is a joint venture between Metafora + Kinetic, a Learning Management Software that gives brokerages the power to transfer years of industry knowledge to new hire employees in an engaging and effective platform.
Over the past three decades, three technological shifts have transformed the fashion industry. First, in the early 2000s, advancements in data analytics, RFID, and localized supplychains fueled the rise of “fast fashion.” Now Let’s Get to The SupplyChain & Logistics News for the Week!
Steve Elwell and Joe Lynch discuss freight recession: opportunity or threat. Steve has lead multiple technology, manufacturing, and start-up businesses as CEO, COO, and President. Prior to strategy and turnaround, Steve ran an IT, and automation businesses and owned a retained executive search firm. Results from day one.
In today’s interconnected global economy, sustainability within supplychains and logistics has become a necessity rather than an option. For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supplychain strategies is essential.
Seventy-one percent of the surface of our “blue planet” is covered by oceans which is also reflected in the fact that 80% of goods are moved via sea transportation within the global supplychain [1]. Marine optimization technologies help address all these issues. from originally 3.5% as of January 1, 2020 [3].
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