Mon.Jul 20, 2020

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Why the U.S. Can’t Break China’s Monopoly on Rare Earth Metals — Part 2

Supply Chain Brain

It's unrealistic to believe the U.S. can break China’s monopoly over the rare earth element market through private investment and the opening of new domestic mines.

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Dow’s Artificial Intelligence Journey in International Trade

Logistics Viewpoints

Dow Chemical is in the midst of a digital transformation. They have set up to test out new and emerging technologies. They have had success in developing valuable intellectual property based on artificial intelligence in the area of trade classifications. The post Dow’s Artificial Intelligence Journey in International Trade appeared first on Logistics Viewpoints.

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How the Pandemic Taught a Lesson to Food Supply Chains

Supply Chain Brain

Among the many “gifts” of the coronavirus pandemic is a hard lesson about the fragility of food supply chains.

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Intermodal June and year-to-date volumes are mostly down, reports IANA

Logistics Management

Total shipments for the month—at 1,415,627—were off 4.9% annually. Domestic containers—at 656,825—were off 6.8%, while trailers—at 101,919—slumped 4.6%. All domestic equipment—at 758,744—was off 6.5%. ISO, or international, containers—at 656,883—saw a 13.2% decline.

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Artificial Intelligence and the Transportation Industry

Artificial intelligence has quickly become a feature of everyday life: Using face ID to unlock a phone, communicating with online chatbots, and letting “smart” appliances help manage our homes are just a few of the ways that we interact with AI regularly. Forward-looking businesses are also using AI to transform their operations and gain a competitive edge.

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4 Surefire Signs That it's Time to Update Your Freight Forwarding Software

Magaya

Technology has made some remarkable advancements in recent years, providing modern solutions to improve so many aspects of our personal and professional lives. And yet, if you’ve ever felt nervous about selecting and adopting new technology, you’re not alone: only 16 percent of the population is considered to be an early adopter or innovator. The rest of us prefer to sit back and observe to see how new technology works - out “in the wild.

More Trending

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Supply Chain Certifications: Are They Worth It?

Talking Logistics

There are various supply chain and logistics certifications that industry professionals can pursue from APICS, ISM, CSCMP, and other organizations. Is getting a certification important for career advancement, especially for new supply chain professionals? Which certification would you recommend? We asked our Indago research community for their perspective on this topic.

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The Smart Factory: The Role of Artificial Intelligence in Manufacturing and Distribution

SYSPRO Smarter ERP

It’s been around for decades but only in recent years has artificial intelligence (AI) emerged from the research labs into the real world. Interestingly, consumers are more familiar with it, in the form of Apple’s Siri, the Amazon’s Alexa, and navigation apps like Waze – so when will businesses, and especially manufacturers and distributors, get […].

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U.S.-bound shipments see reduced declines in June, reports Panjiva

Logistics Management

While the COVID-19 pandemic continues to be the dominant narrative in container shipping, data recently issued by global trade intelligence firm Panjiva continued to point to declines for United States-bound waterborne shipments.

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5 Facts Affecting Telematics in 2020 | Fast Freight Five Video

GlobalTranz

[link] Telematics allows carriers, drivers, and shippers to gain more visibility in freight in transit. As e-commerce swells, the value of telematics grows as well. Across all modes, the value of global telematics will grow at 20.7% CAGR through 2024. Unfortunately, big risks remain. And, shippers need to know a few things about using telematics.read More.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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How to Get Your Forklift License: The Ultimate Guide [New in 2020]

Conger

If you’re looking to get your forklift license, now is a great time. . According to the U.S. Bureau of Labor, companies are expected to hire an additional 32,600 equipment operators by 2028. . But if you’re new to forklifts, you probably have a lot of questions: How do I become a forklift operator? What do I need to study? How do I get certified? Well, you’re in the right place.

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Customer Relationships as a Carrier

Trinity Logistics

Just like the fuel pumps, rates change in the spot market daily. When fuel prices dipped below $1.50 per gallon in April in some areas, the fuel producers dropped their price based on demand. Fuel inventories filled up and sat in storage tanks as America’s transportation needs nose-dived on stay-at-home orders. There are just a handful of refineries in the country.

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Worcester Polytechnic Institute Receives Contract for EV Applications

NGT News

The U.S. Advanced Battery Consortium LLC (USABC), a subsidiary of the U.S. Council for Automotive Research LLC (USCAR), and a collaborative organization of FCA U.S. LLC, Ford Motor Co. and General Motors, have awarded a $2.4 million contract to Worcester Polytechnic Institute (WPI) in Worcester, Mass., to lead a program to develop low-cost/fast-charge batteries for […].

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Customer Relationships as a Carrier

Trinity Logistics

Just like the fuel pumps, rates change in the spot market daily. When fuel prices dipped below $1.50 per gallon in April in some areas, the fuel producers dropped their price based on demand. Fuel inventories filled up and sat in storage tanks as America’s transportation needs nose-dived on stay-at-home orders. There are just a handful of refineries in the country.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

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Hexagon Signs Contract for X-STORE Transport Modules

NGT News

Hexagon Purus has signed a contract with a major U.S. hydrogen fuel supplier and hydrogen refueling station operator to provide multiple X-STORE transport modules for the distribution of high-pressure hydrogen gas. The contract has an estimated value of $4.8 million and includes additional purchase options that, if exercised, will bring the total value of the […].

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4 Ways Technology Can Simplify Inventory Management

EazyStock

Inventory is the biggest entry in the balance sheet of many distribution companies and fast deliveries are becoming increasingly important in today’s digital world – especially as an increasing number of people are working remotely. Failing to stock the right items doesn’t only result in lost sales. Unhappy customers can ruin a company’s online reputation in a few clicks and if you can’t deliver, one of your competitors most likely can.

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The Future of Commercial Real Estate 2020

3PL Insights

At the beginning of 2020, the commercial real estate market was looking great. Unemployment was low and the economy was strong, giving people confidence to be more assertive with their investments. Businesses were making longer term commitments and investing money to expand their operations. The coronavirus pandemic had a direct impact on distribution strategy, and increased demand for fulfillment services.

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Penske Truck Leasing Expands Presence in Hamilton, Ontario

Penske Move Ahead

Penske Truck Leasing has outgrown its original facility in Hamilton, Ontario, and opened a new consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance facility at 510 South Service Road. "We have essentially doubled our capacity with this new facility. We're now equipped with six truck bays on nearly 5 acres," explained Richard McLaughlin, area vice president for Penske's Eastern Canada region.

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How to Conduct Workplace Incident Investigations to Create Safer Workplaces

This white paper provides a comprehensive overview of global workplace incident trends, focusing on the top three biases leading to such incidents. It also highlights the significance of CSA Z1005 as a risk management standard and outlines the ROI of thorough incident investigations, covering emergency response to post-incident interviews. Additionally, it introduces an Investigation Evidence Gathering Matrix.

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Dachser Starts Build at New Location in Kassel

Logistics Business Magazine

Logistics provider Dachser has started construction on a new branch in Kassel, the economic centre of northern Hesse, Germany. Located in the Lohfelden commercial zone, the new transit terminal for industrial goods with adjacent offices is due for completion by summer 2021. In the medium term, the new branch will create roughly 200 jobs. The symbolic groundbreaking ceremony took place today, attended by Dr Alexander Friedrich Wachter, Vice President of the Kassel district government, Norbert Thi

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ESCO Unveils Their New Website

Logistics Manager

In a constantly evolving world, keeping up with the latest technologies becomes crucial for business operators. Continuity and transparency are now more important in the modern business environment than ever, where consumers are leaning towards the internet when it comes to communicating and staying up-to-date with the latest news and information Thus, as the Eastern Sea Laem Chabang Terminal Co., Ltd. or ESCO march towards their 30th anniversary, they have optimized their website, which is open

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SNAP and Elvis Team Up to Boost Truck Parking Safety

Logistics Business Magazine

As a provider of smart payment and parking solutions for the European haulage industry, SNAP is delighted to announce a partnership with the European Cargo Federation of International Freight Forwarders (Elvis) to increase the number of reliable Truck Parking options available in Germany. By partnering with Elvis, SNAP Account services, including cashless payments, will be available to 250-Elvis partnered companies across 500 locations in Germany, with the potential, it says, to help some 17,000

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Supply Chain Certifications: Are They Worth It?

247 Customs Broker

There are various supply chain and logistics certifications that industry professionals can pursue from APICS, ISM, CSCMP, and other organizations. Is getting a certification important… The post Supply Chain Certifications: Are They Worth It? appeared first on 24/7 Customs Broker News.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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Netto Selects Vanderlande to Supply Cutting-Edge Food Retail Automation

Logistics Business Magazine

Vanderlande has signed a contract with Salling Group A/S – the largest food retailer in Denmark and also the owner of Netto – to deliver STOREPICK, a robotised, end-to-end warehouse solution for the food retail market. The system is designed to support future growth and will supply up to 600 stores in Denmark with dry goods. Netto is the largest store format of its kind in the country and, due to continued growth, needed to further optimise its supply chain with further automation.

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Dow’s Artificial Intelligence Journey in International Trade

247 Customs Broker

Dow is Using Artificial Intelligence to Classify Trade Goods Dow Chemical is in the midst of a digital transformation. They have set up to test… The post Dow’s Artificial Intelligence Journey in International Trade appeared first on 24/7 Customs Broker News.

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Maritime Cyber Attacks “Up by 900% in Three Years”

Logistics Business Magazine

Cyber-attacks on the maritime industry’s operational technology (OT) systems have increased by 900% over the last three years with the number of reported incidents set to reach record volumes by year end. Addressing port and terminal operators during an online forum last week, Robert Rizika, Naval Dome’s Boston-based Head of North American Operations, explained that in 2017 there were 50 significant OT hacks reported, increasing to 120 in 2018 and more than 310 last year.

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Global Automatic Fare Collection (AFC) Systems Market 2020 | Industry Size, Share, Revenue, Business Growth, Demand And Applications Market Research Report To 2025

247 Customs Broker

“ Trending Automatic Fare Collection (AFC) Systems Market 2020: COVID-19 Outbreak Impact Analysis Chicago, United States ,The report entitled Global Automatic Fare Collection (AFC) Systems… The post Global Automatic Fare Collection (AFC) Systems Market 2020 | Industry Size, Share, Revenue, Business Growth, Demand And Applications Market Research Report To 2025 appeared first on 24/7 Customs Broker News.

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Brick & Mortar Retail Relevance: How to Stay Ahead of the Curve

Speaker: Jay Black, Senior Account Executive

Let's set the record straight: in-store retail isn't dead - it's evolving! Faced with the digital age and the demands of omnichannel shopping, some retailers are thriving while others are struggling to adapt. Join Jay Black in this exclusive session as he explores the strategies that set successful stores apart, including: Crafting unique and unforgettable in-store experiences 🛍️ Mastering the art of retail demands 🛒 Navigating inventory challenges in today's climate 📦 an

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KEARNEY & CSCMP: How the Logistics Industry is Navigating the COVID Crisis

PINC

New report from Kearney and CSCMP paints a picture of a resilient industry that’s increasingly turning to technology and automation to help navigate the COVID crisis and subsequent economic downturn. Coming off a very strong year in 2019, the logistics industry is proving itself to be both adaptive and resilient in the face of major adversity in 2020.

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10 Tips to Improve Logistics Workforce Management

247 Customs Broker

Other than inventory, your logistics workforce is the largest expense in your distribution centers, eating up 50–70% of the warehousing budget. It’s why managing and… The post 10 Tips to Improve Logistics Workforce Management appeared first on 24/7 Customs Broker News.

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Innovative “lighting as a service” program cuts DC’s energy spend by 70%

247 Customs Broker

When global third-party logistics company (3PL) syncreon went to upgrade the lighting at its DC in Niederaula, Germany, it didn’t take the usual route. Rather… The post Innovative “lighting as a service” program cuts DC’s energy spend by 70% appeared first on 24/7 Customs Broker News.