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What are Digital Twins and How Can They Drive Warehouse Efficiency?

Logistics Viewpoints

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. To define what exactly it is, a digital twin is a virtual replica of a physical asset, process, or system. Simulation is the most widely used benefit of a digital twin. Physical change (i.e.,

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Hapag-Lloyd Reaches a Milestone for Digitalization with 700,000 Smart Containers

MTS Logistics

Last week, Hapag-Lloyd announced a big step towards digitalization. On October 23rd, Germany’s Federal Minister of Digital and Transport, Dr. Volker Wissing, installed the 700,000th tracking device that turns a standard shipping container into a smart container. The shipping industry giant aims to go fully smart by early 2024.

Digital 92
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Freight Market Intelligence: Data is crucial, but context is king

Freightos

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62
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6 Crucial steps to starting your digitalization Process

SYSPRO Smarter ERP

Part of the solution is to have an ERP system that is already set up for the future and which can offer the capabilities and information needed for digitalization – enabling the digital transformation process. Here are the steps to guide you along the digitalization journey. But where do you start?

Digital 52
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Is It Time to Move Beyond the Traditional Approach to IBP?

Logistics Viewpoints

The subsequent discussion outlines what the key problems areas with the traditional approach to IBP versus a suggested approach and some of the key capabilities that an organization should look for when starting a digital transformation journey centered on IBP. Capabilities you should be looking to real world data modeling.

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Generative AI is first trained on a foundational model and then fine-tuned with human feedback and additional data. Its responses are based on data it has consumed and a resultant powerful prediction mechanism. Public AI is great to use for idea generation, but only put in anonymized data, that’s if you put in any data at all.

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May 15, 2024 Update

Freightos

More Resources Home May 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices fell 12% to $3.60/kg.