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The logistics industry is undergoing a significant transformation, driven by the advent of advanced data systems and tracking technologies. Companies are leveraging tools like Global Positioning System (GPS) and Radio-Frequency Identification (RFID) to monitor their cargo with unprecedented accuracy. These digital solutions…
The predominant philosophy of supply chain management over the last three decades has been the “lean supply chain” and the idea of “just in time”. Both ideas try to optimize everything to attain peak efficiency. As recently as 2020, a…
Like many other industries, logistics and supply chain practitioners are beginning to use artificial intelligence to try to minimize errors and to optimize processes and shipping routes. What are some of the ways that AI can improve logistics? Improve demand…
Advanced technologies are impacting the operation of supply chains. Christian Titze, vice president analyst with the Gartner Supply Chain Practice, said that “the vast majority of organizations have a cautious approach to adopting supply chain applications and technologies. Only 21%…
Blockchain, the technology behind Bitcoin, has potential to transform processes across a range of industries. A recent report by ReportLinker estimates that the manufacturing blockchain market will grow to $30 million by 2020 and reach $566 million by 2025. Blockchain…