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Global Logistics Market Analysis: 2022 Summer Edition

MTS Logistics

We experience such diverse supply chain disruptions that tracking the data on U.S. inventories and consumer behavior, and reconciling them with maritime supply/demand dynamics is getting harder each day. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses.

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How Technology is Changing Ocean Shipping

Now, That's Logistics

When it comes to the exchange of information, it is of course problematic.”. In an industry where the mismatch between ship capacity and available cargo is a common pain point, Maritime Executive says technology can help solve that problem while also improving freight utilization. with even further complicating the shipping process.

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The importance of declaring correct cargo details and consequences of cargo misdeclaration

Shipping and Freight Resource

However there are still several incidents of such cargo misdeclaration including hazardous goods which have caused several maritime disasters. At the tip of the iceberg, for example, there are weekly reports of unitised fires on board ships, and historic average experience of a major ship fire every 60 days has been challenged in 2019.

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The importance of cyber security risk management in shipping

Shipping and Freight Resource

TechTarget defines cyber security as “the body of technologies, practices, and processes designed to protect computers, programs, networks and data from damage, attacks or unauthorized access. Gard quotes below live examples of cyber security incidents in shipping. 428(98) on Maritime Cyber Risk Management in Safety Management Systems.

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Tech to Navigate the Aftermath of Supply Chain Crisis

Logistics Business Magazine

Without having an overview of the location and status of inventory, or the ability to forecast customer demand to prepare for a surge in sales, businesses could not react quickly enough and plan the right course of action. Additionally, products were stranded at sea on cargo ships due to maritime mobility issues. For example, the U.S.

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Data standardization and its benefits – Executive Insights with Thomas Bagge, CEO of DCSA

Shipping and Freight Resource

Executive Insights is a series by Shipping and Freight Resource that provides useful insights and thoughtful analysis on what is happening in the maritime, shipping, freight, logistics, supply chain and trade industries. But just data alone is not going to assist. But just data alone is not going to assist.

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Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

IoT World Today

Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. 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.