Taking a look into supply chain’s crystal ball

CrystalBall

The supply chain industry is drastically changing.

The rise of “digital supply chain” has created many opportunities and challenges for the industry. A whole host of new technologies have emerged and frankly it’s hard to keep up.

To help you keep up with the latest market trends and still have time to do your day job, we have created a succinct three-part report outlining the latest developments in the industry.

The Taking a look into supply chain’s crystal ball report features technologies being implemented by early adopters, technology in development, and even technologies that are mostly theoretical but are set to keep transforming the industry.


DOWNLOAD THE REPORT NOW


By downloading the report you will uncover the below insights:

1. IoT is expected to have an economic impact of between $4 trillion and $11 trillion by 2025.

2. Talent shortages – Cisco predicts a shortfall of 300,000 works with IoT relevant skills in industrial and operational settings, what does this mean for the industry moving forward?

3. Get up to speed (pun intended) on the Hyperloop and how it will dramatically reduce transport times and environmental impacts.

4. Self-driving vehicles – 80% Of parcel deliverer will be carried by autonomous vehicles in the next 5 years


DOWNLOAD THE REPORT NOW



For more information don’t hesitate to get in touch.

Drop me (Danielle) a note at dhorsnell@eft.com – I would love to hear your thoughts.

Posted in , Associations, Conferences, Education, Emerging Trends, Environment, Freight & Transportation, Information Technology, RFID, RFID Information | Leave a comment

Automating Arrival Notifications with AIS & Artificial Intelligence

SatelliteShip

Since the inception of EDI (Electronic Data Interchange) in the early 1970’s logistics professionals have always taken for granted the accuracy of EDI tracking transactions sent for various activities across their global supply chains.

But this may need to be rethought now that Satellites and AIS technology are being applied, and are capturing the “truth” about these activities, by monitoring actual ship movements and by comparing this to the related EDI arrival transactions for those same activities. Continue reading

Posted in , Emerging Trends, Freight & Transportation, Information Technology, New Ideas, News & Info | Leave a comment

Discovering the Power of Distributed Logistics

Distributed Logistics

The future of fulfillment is fast approaching and it’s now all about mastering something called Distributed Logistics!

What is Distributed Logistics?

The definition I’m running with currently is below, but this rapidly emerging concept continues to evolve literally as we speak:

‘A fully integrated and optimized network of two ore more fulfillment centers operated in unison to increase sales and customer delivery service levels, which minimizes transportation costs and maximizes inventory optimization’ ~ Jeff Ashcroft

Interesting you say, but why would anyone want to move to a Distributed Logistics network? Continue reading

Posted in , Definitions, Education, Emerging Trends, Environment, Freight & Transportation, New Ideas, Retail, Retail E-Commerce, Third Party Logistics | Leave a comment

Q&A: Recent Blockchain Developments Driving Supply Chain Automation and Global Trade Momentum

Distributed Logistics

Been awhile since have shared an update on recent #blockchain developments and how it’s starting to impact #globaltrade and the #SupplyChain, so here goes!

To facilitate this effort, see below a quick Q&A with the above in mind!

Q: What are the hurdles to the adoption of blockchain in trade?

A: The major hurdles blockchain currently faces are education/misinformation and too many options/variables at play for supply chain and global trade managers to make sound decisions.

Education, because many still are not clear on what blockchain is and what it can do for their supply chains to facilitate global trade and other benefits. Misinformation relative to the difference between blockchain and bitcoin, as well as confusion around some of the technical hurdles such as use of computing power and various methods of transaction validation. Continue reading

Posted in , Education, Emerging Trends, Information Technology, New Ideas, News & Info | Comments Off on Q&A: Recent Blockchain Developments Driving Supply Chain Automation and Global Trade Momentum

Welcome to the Supply Chain Singularity!

Distributed Logistics

Really enjoyed my time at this year’s RILA Supply Chain conference and as I highlighted in my pre-conference blogpost several transformative technologies are all now moving into their early implementation phases at the same time.

Times like these, when surrounded by the sharing of many new ideas and forward looking professionals often helps to draw out and crystallize thoughts on topics such as the impending state of supply chain singularity now rapidly approaching. Continue reading

Posted in Associations, Conferences, Definitions, Emerging Trends, Environment, Freight & Transportation, Information Technology, Materials Handling & Distribution, New Ideas, Retail, Retail E-Commerce | Comments Off on Welcome to the Supply Chain Singularity!

Six Ways You Can Benefit Now From ‘Augmented Fulfillment’

sixways

Sure that all of you have heard of, and are at least somewhat familiar with, Augmented Reality (AR).

Simply put, AR utilizes technology to provide additional insights and abilities in the real world, with one example being the Google Translate app’s ability to take a picture of text in many languages and then immediately translate it for you onscreen. An excellent AR app to help you understand signs or menus in foreign countries, or even that fancy restaurant around the corner!

Well today I’m pleased to introduce you to the concept and emerging new logistics reality of ‘Augmented Fulfillment’ (AF) which will allow logistics operators to add and enhance customer experience capabilities. Continue reading

Posted in Definitions, Emerging Trends, Environment, Freight & Transportation, Information Technology, Matrix Commerce, New Ideas, Retail, Retail E-Commerce, Third Party Logistics | Comments Off on Six Ways You Can Benefit Now From ‘Augmented Fulfillment’

The Automated Local Fulfillment Imperative

Distributed Logistics

Numerous times recently I’ve found myself saying (and tweeting) that…

‘Going forward Fulfillment automation is no longer just an option.’

Having been a contributor to many SWOT (Strengths, Weaknesses, Opportunities & Threats) analyses for e-commerce service providers, retailers and even CPG manufacturers, I’ve lost count of how many times I’ve warned all who would listen that fulfillment automation (or the lack thereof) will be a significant threat to their online business in the future.

Today I’m going even further to state that this threat has now evolved into what I’m coining as simply ‘The Automated Local Fulfillment Imperative.’ Continue reading

Posted in Definitions, Emerging Trends, Grocery Logistics, Information Technology, Materials Handling & Distribution, New Ideas, News & Info, Professional Communications, Retail, Retail E-Commerce, Supply Chain Management, Third Party Logistics, Videos | Comments Off on The Automated Local Fulfillment Imperative

How Getting Logistically Closer to Your Customers Means More Sales!

Distributed Logistics

Why do companies invest in logistics?

Up until now, it’s typically been because the company is growing and the warehouse is full and we need a new and/or bigger one, or the current warehouse management system is antiquated and will soon no longer be supported, or perhaps even all of the forklifts keep breaking down and we need new ones…

Of course, some more strategic companies invest heavily in a multitude of logistics automation and technology to drive down their logistics costs which savings fall right to the bottom line. I know this, because in my time at Hudson’s Bay Company we did precisely that, one year adding over $25 million to bottom line profits.

But let’s face it most often the ‘Heroes’ in organizations are those who drive sales and increase the top line! Continue reading

Posted in Cash Supply Chain, Definitions, Education, Emerging Trends, Matrix Commerce, New Ideas, Retail, Retail E-Commerce | Comments Off on How Getting Logistically Closer to Your Customers Means More Sales!

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

The age of digital transformation is now fully upon us and from a business perspective one of the most active areas of change, impact and opportunity is in supply chain management.

With maritime transport growing at an average rate of over 8.5 percent per year, over 90% of the world’s trade is carried by sea for a total of 23 million tonnes of cargo traveling by ship every day.

Global supply chains are one of the longest and most complex of business process systems due to the many moving parts, multiple transfer points, diverse company types/players involved and the sheer length of these supply chains.
Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). Continue reading

Posted in , Emerging Trends, Freight & Transportation, Information Technology, New Ideas, Security, Supply Chain Management, Supply Chain Risk | Comments Off on Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

When it Comes to ‘Logistics & Sourcing’ at RILA Supply Chain the World is Your Oyster!

Distributed Logistics

One of the things I most look forward to when attending the RILA Supply Chain conference is all of the great retail global logistics & supply chain professionals and information to be found assembled all in one place. Continue reading

Posted in Associations, Conferences, Education, Emerging Trends, Information Technology, Professional Communications, Retail, Retail E-Commerce, Supply Chain Management, Third Party Logistics | Comments Off on When it Comes to ‘Logistics & Sourcing’ at RILA Supply Chain the World is Your Oyster!

Fast is expensive but cheap is slow, until now

MonarchFxLogo

Whether it is a Ferrari vs. a Fiat or a Jet Engine vs. a Propeller, generally speaking, to move something quickly has a higher cost than to move it slowly. The ability to move fast at a lower cost is a challenge that has pervaded the supply chain industry for years.

This challenge has never been more applicable to retailers and brands than it is today. With online sales surging and customer expectations continually evolving, the ability to fulfill orders quickly, accurately, and at a lower cost is essential to an organization’s success. Continue reading

Posted in Emerging Trends, Freight & Transportation, Information Technology, Inventory, New Ideas, News & Info, Retail, Retail E-Commerce, Supply Chain Management, Third Party Logistics | Comments Off on Fast is expensive but cheap is slow, until now

Re-Imagining the Retail Supply Chain is all about Converging Technologies

RILAwordcloudImage

In the past we’ve tended to evaluate each new technology on its’ own merit as they emerged and then best determined how to implement them. By the very ubiquitous nature of the technologies now emerging, Internet of Things (IoT), Artificial Intelligence (AI) and of course the Blockchain it appears that a more holistic or converged approach is required in order for supply chain professionals to be successful.

See my full post on the RILA Retail Checkout Blog!

Posted in Associations, Conferences, Emerging Trends, Information Technology | Comments Off on Re-Imagining the Retail Supply Chain is all about Converging Technologies

Videos & Visions: Of Electrifying the Last Mile for E-Commerce Delivery

Distributed Logistics

As both consumers and governments (with at least one major exception) push hard for carbon reduction, the continued rise of e-commerce and the associated growing need for Last Mile delivery represents a significant problem.

From a carbon footprint perspective, the Last Mile delivery of single e-commerce parcels to individual consumer dwellings is one of the most inefficient, costly and carbon producing activities in the retail and consumer goods supply chain! Continue reading

Posted in Emerging Trends, Environment, Freight & Transportation, New Ideas, News & Info, Retail, Retail E-Commerce, Videos | Comments Off on Videos & Visions: Of Electrifying the Last Mile for E-Commerce Delivery

Kohl’s COO Sona Chawla to Keynote RILA 2018 Retail Supply Chain Conference

kohlsShipIconRILA

Arlington, VA – Today, the Retail Industry Leaders Association (RILA) announced Sona Chawla, Kohl’s chief operating officer, will be the keynote speaker at the 2018 Retail Supply Chain Conference. The conference serves as the premier event for retail supply chain executives to network, learn, and share new and creative solutions for the industry’s most complex challenges, including logistics, transportation, and international trade.
Continue reading

Posted in Associations, Conferences, Education, Emerging Trends, Freight & Transportation, Information Technology, New Ideas, News & Info, Retail, Retail E-Commerce, Supply Chain Management, Support Services & Industry Initiatives | Comments Off on Kohl’s COO Sona Chawla to Keynote RILA 2018 Retail Supply Chain Conference

Moving Beyond Global Trade Management to Deliver on Global Commerce Management

MovingBeyond

Global trade continues to accelerate both in volumes and complexity.

If you don’t agree, just take a look at Alibaba and their most recent Singles Day where products were purchased from 192 countries!

To get a feel for this growth, the number of tons shipped by ocean containers has multiplied many times over, in fact almost 17 times from 102 million tons in 1980, to 1,720 Million tons in 2016! Continue reading

Posted in Definitions, Education, Emerging Trends, Freight & Transportation, Information Technology, New Ideas | Comments Off on Moving Beyond Global Trade Management to Deliver on Global Commerce Management

Ryder Places First Medium-Duty Electric Vehicle Order with Chanje Energy and Begins to Roll Out Charging Stations

ChanjeRyder

Miami, November 2, 2017 —Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced today it has started to take delivery of 125 medium-duty electric panel vans, the first of their kind in North America, now available for lease or rent. The vehicle order follows the exclusive sales channel and electric vehicle service partnership that Ryder recently announced with Chanje Energy in August and consists of Chanje’s medium-duty electric vehicle. The Chanje all-electric large delivery style van is equipped to haul up to 6,000 pounds and up to 580 cubic feet of cargo, all with zero vehicle exhaust emissions. Ryder also plans to equip its maintenance facilities in the San Francisco, Los Angeles, San Diego, Sacramento, and San Jose, Calif. markets, as well as in the Chicago and New York markets, with the latest technology in commercial electric vehicle (EV) charging.

TWEET THIS: @RyderSystemInc is adding @ChanjeEnergy electric vehicles into its lease & rental fleet, and rolling out #EV charging stations. Continue reading

Posted in Emerging Trends, Environment, Freight & Transportation, Information Technology, New Ideas, News & Info, Procurement, Supply Chain Management, Third Party Logistics | Comments Off on Ryder Places First Medium-Duty Electric Vehicle Order with Chanje Energy and Begins to Roll Out Charging Stations

Achieving the Integrated Global Supply Chain

data-in-hand-770x400
Guest post from Ned Blinick of 3rdwave

The integrated global supply chain exists when activities between all supply chain partners are seamlessly coordinated to achieve the optimal results for all its participants. These partners are executives, managers, co-workers, suppliers, customers, carriers, 3PLs, warehouses, government agencies, financial institutions, etc. They exist not only within the four walls of the organization, but outside of it, too. The results are achieved when extraneous costs are removed and product can optimally move from source to end-user with minimal friction.

Is a fully integrated global supply chain achievable? Probably not. It would require that all actors up and down the supply chain be structured to achieve this end, and by the nature of the business, this is likely not going to happen. At least not in a timeframe acceptable to you.
Continue reading

Posted in Cash Supply Chain, Definitions, Education, Emerging Trends, Freight & Transportation, Information Technology, Inventory, New Ideas, News & Info, Professional Communications, Security, Supply Chain Management, Supply Chain Risk | Comments Off on Achieving the Integrated Global Supply Chain

Instacart Is Expanding to Canada in Amazon Battle

loblaw store
Grocery-delivery startup Instacart Inc. has refrained from rushing expansion beyond the U.S., unlike many other startups valued at more than $1 billion. But Amazon.com Inc . AMZN -0.60% ’s surprising acquisition of Whole Foods has changed those plans.

Instacart is close to a deal to partner with Canada’s largest grocer, Loblaw Cos., to launch its service there in the coming months, the startup’s first international foray amid increasing competition, according to people familiar with the matter.

The deal will allow Instacart to begin delivering groceries from Loblaw stores in Toronto and then expand nationally throughout the grocer chain over the next year, one of the people said. Instacart already has delivery deals with well-known U.S. retail chains, including Whole Foods, Costco Wholesale Corp. COST +0.20% and Target Corp. TGT -0.63% , where the startup relies on contract employees to pick and bag groceries and then deliver them to customers’ doorsteps.

See balance of this article here!

Posted in Emerging Trends, Grocery Logistics, New Ideas, News & Info, Retail, Retail E-Commerce | Comments Off on Instacart Is Expanding to Canada in Amazon Battle