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Analysis: Today’s Global Economy vs. Global Container Shipping

MTS Logistics

For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% Fleet Overcapacity The container shipping industry has experienced significant growth in recent years, leading to an increase in vessel capacity. Considering higher capacity, with reduced demand, these tools have barely any impact. increase from 2020.

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6 Types of Automation [Benefits, Pros/Cons, Examples]

Conger

This may include IT automation, business process automation (BPA), industrial robotics, and personal applications like home automation. Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. This also allows the implementation of new processes.

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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

The Francis Scott Key Bridge in Baltimore being struck by the Dali and collapsing is an unpredictable disruption to the supply chains of several industries including automobiles, coal, and agricultural machinery. Robustness is the ability of a supply chain to resist disruptions and maintain its normal operations.

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Artificial Intelligence Tools That Can Benefit Your Small Business Today

WorkWave

No matter your industry, AI can help your business improve efficiency and reduce the potential for errors. For example, AI in pest control allows organizations to optimize chemical distribution routes, automate marketing, and deploy drones to eliminate pests in hard-to-reach places. AI-based Graphic Design Tools.

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What Shipping Analytics Tools Should Freight Market Participants Have in Their Freight Stack?

FreightWaves SONAR

Shipping analytics tools shine a light on the value of informed freight management. Freight market participants need these top shipping analytics tools in their freight stack. Shipping status tools to track freight. Tracking shipment status is a core function of advanced shipping analytics tools. Download the White Paper.

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

This has significant impact when it comes to focusing a Generative AI into a particular industry, like logistics. Generative AI can’t apply specific nuances of an individual industry unless it has been trained on them, and even then, there are other obstacles to Gen AI being useful outside of targeted use cases.

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Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

IoT World Today

Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk. The maritime industry — 90% of world trade travels by sea — is notoriously manual. The COVID-19 crisis has hit the global supply chain from all sides.