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Predictive Analysis in Logistics and Supply Chain: How to Apply

3PL Links

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

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Why “360 Visibility” is Critical for Comprehensive Fleet Management

Linxup

360 visibility provides fleet managers with a comprehensive overview of their operations, encompassing past, present, and future data. While vehicle tracking is essential, 360 visibility takes it a step further by allowing the analysis of key data points, transforming them into actionable insights to improve overall business operations.

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Toyota’s Logiconomi Forum attracts over 500

Logistics Business Magazine

Taking place recently in Antwerp, the 2022 event included insights from 15 companies including Microsoft, Bosch, Orange, Deloitte, Air Products and EcoVadis. Microsoft focused on digital ecosystems and cyber security, whilst Bosch presented simple concepts for consignment tracking. CLICK HERE to view the after event movie.

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How Machine Learning Optimizes the Supply Chain

TransAudit

The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. Machine learning presents a solution by optimizing the flow of products from one location to another. It thrives on reliable, high-quality, and timely information.

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Will the Post-Covid Era Result in Another Rate War and Shipping Perils?

MTS Logistics

COVID-19 and Hanjin’s bankruptcy both have had significant impacts on the global supply chain and share commonalities in the following ways: Disruptions to global trade: both events led to delays and increased costs for shippers and manufacturers who had to find alternative ways to transport their goods.

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The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

GlobalTranz

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Moreover, cloud technology enables global access to information, explains Ship Rocket, so companies can ensure continued uptime regardless of local events or issues.

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Digital technology helps mitigate climate change risk

Logistics Business Magazine

According to the survey, 44% of respondents have a general sense of potential climate change risks based on previous events. However, the past is not a good predictor of future climate change events, as the severity and impact of events will escalate. Technology Use Still in Infancy Stages.