Logistics (104)

Augmented Reality is Making the Supply Chain Better and More Efficient

Almost everything that we buy in stores; what we eat, wear or entertain ourselves with at home, go through a supply chain. This makes businesses that make these products among the top GDP contributors. However, the main problem that companies in this sector face is the high cost of moving products through a supply chain from one point to another. That is the leading reason why many companies are looking for ways to improve their supply chain processes and save money. Emerging technology is a perfect answer to this.


Deploying Robots as Needed Eases Adoption

Disruptive technologies have altered the landscape in modern organizations. In the realization of this, business leaders are coping with these technologies and identifying opportunities and challenges that their businesses can address if they adopt them. In warehouses, for instance, robots have proven to be efficient and quick compared to humans. However, although managers and leaders in the supply chain may be longing to acquire robots in their companies, huge amounts of money and expertise can be obstacles.


How FedEx and UPS are helping victims of Hurricane Dorian

When disaster strikes an area, survivors are in crucial need of supplies in order to survive the hardship. In most cases homes, roads, and many structures are decimated making it tricky for survivors to access life saving goods. When a disaster hits an island – survival becomes even tougher. Hurricane Dorian barreled into the Abaco Island and Grand Bahamas at the beginning of September. The Category 5 hurricane slowed down considerably – hovering over the islands from September 1st to the 3rd  leaving considerable destruction in its wake. As of today over 1,000 people are still missing with over 70,000 homeless.


Where Have All the Truckdrivers Gone

The trade industry is not the only career path affected by this generation’s connotation of blue collar jobs. For years it was ingrained in high school students that a college degree was the way to prestige and wealth. In fact, I spent the better part of my twenties convincing people that I had a “real job” in the restaurant industry. As the negative perception spread, the need for laborious jobs increased and entire industries faced a shortage of workers. In an industry that relies heavily on long-haul truck drivers to move goods – the supply chain and logistics business have seen first-hand how far this negative perception can go. According to a report by the American Trucking Associations (ATA) – last year saw 60,000 truck driver positions go unfilled. That number could potentially increase to 160,000 by 2028.


Drones May Revolutionize Ecommerce Package Delivery - If They Overcome Obstacles

Drone delivery is an emergent industry that’s at once promising and riddled with setbacks. According to McKinsey, the US drone delivery industry grew from $40 million in 2012 to $1 billion in 2017. This is despite the fact that it’s currently illegal to fly commercial drones above people and within U.S. airspace, per Federal Aviation Administration (FAA) regulations.


New Tech Is Helping Lower Inventory Levels Across The Supply Chain

Supply chain and logistics industry is going through a tremendous transformation made possible by innovation and new technology. Such transformation is causing customers to increasingly demand more. Consequently, competition is heating up and logistics providers are doing everything within their power to stay in the market. Technological advancements are the leading differentiators that companies are exploiting in the industry.


2019 Check-in: The Adoption of Essential Supply Chain Trends

We’re a little over halfway through 2019 —a good time to look back at my predictions for the supply chain industry, including where we are in artificial intelligence (AI) adoption, the need for better data to drive predictability, and the uberization of freight. Earlier in the year discussions and reports indicated that a responsive, real-time supply chain would be the key differentiator among businesses as the year progresses. However, this isn’t a particularly new prediction — we’ve been heralding such an arrival for at least a decade — and Gartner noted that despite their broad industry impact, such technologies have yet to be widely adopted. Slow adoption could be due to significant business and technological changes or limitations around its own capabilities, but it begs the question, how will these trends become reality if organizations can’t implement the advancements necessary to create a more efficient and effective supply chain?


Smart Warehouses Are Here! Are You Ready?

Warehousing is witnessing a dramatic shift from traditional human labor to an army of robots. For example, Amazon has been adding robots to its warehouse workforce since 2012 for moving items and assisting human workers. These robots have helped reduce operating costs at each warehouse by 20%, which translates to almost $22 million. The cost savings are mainly derived by improving warehouse efficiency. According to one report, after deploying the robots, cycle times were reduced by 15 minutes from 75 minutes to 60 minutes. Inventory space has also grown by 50% due to smarter use of space.


Supply Chain is expected to be a beneficiary of 5G wireless

5G technology is here with us and is already causing a lot of discussions and eliciting reactions from different industries. 5G wireless connectivity is expected to bring benefits to the supply chain through many fronts that will make processes and operations faster, easier, and more efficient. To begin with, the Fifth Generation Wireless System (5G) is a successor of 4G and will employ signal wavelengths in ranges between 30 to 300 GHz to enhance the speed of data transfer and reduce the levels of interference and interruption.


Railroading the Supply Chain

“"OmniTRAX's management expertise and our Precision Scheduled Short Line Railroading... will bring this 100-year-old railroad to modern times, making it and our customer's businesses far more efficient and profitable," CEO of OmniTrax Inc. Kevin Shuba said in a statement after news hit Friday that the transportation provider acquired Winchester & Western Railroad for $105 million from their parent company Covia Holdings Corp. WW acknowledged that becoming part of OmniTRAX would enable them to implement operational strategies that only a logistics company can provide. The 103-year-old company is also looking forward to the support and leadership that OmniTRAX can provide for them.


Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.