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Coronavirus cripples Global Supply Chain

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The aftereffects of the coronavirus epidemic are becoming more and more evident with every passing day. The supply chain industry is one of the worst affected sectors. We present you with the specifics of how big the impact is. Expected GDP drop  Chinese is one of the biggest production hubs in the world. China’s sheer prowess in the manufacturing and supply chain can be estimated from the fact that the Asian nation alone contributed 39% in the global GDP of 2019. Impact on Global Supply Chain  Recently in an interview with FreightWaves, economist  Paul Bingham, director of transportation consulting at IHS Markit  talked about the ongoing and potential effects of the virus that is slowly traveling around the globe. On being asked about the state of supply chain managers in the region and the impact of the shutdown, Paul says,  “What’s happening is that the gap you managed against is now extended. If these factories don’t restart or if they...

Build Successful ISV Partnerships Key Benefits & Business Impacts

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The ongoing revolution of digitization has transformed almost every walk of life and has made the world a much more efficient place. For that matter, the Transport & Logistics industry is no different, rather it is one of those sectors that have the maximum potential to incorporate digitization on a day-to-day operational basis. One of the most important aspects of the T&L industry is establishing the value if trust amongst the clients and there is no better way in doing so than maintaining transparency. Digital tools aid the customers to track the transportation process at each and every step and not just that, right from the fleet management system to last-mile delivery services, going digital is proving to be the differentiating factor between a firm and a successful firm. With autonomous mobility being the future, connectivity is the next big thing. And, with the whole new ecosystem of sensors, data, and intelligence, comes a whole new set of challenges that are ...

Emerging Supply Chain Technologies in 2020

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The supply chain is transforming at a drastic pace, as we foray into the future of a whole new shopping and mobility. In 2020 the Transport & Logistics industry and particularly, the supply chain is all set to get a technological overhaul in order to keep up with the constantly upgrading customer base and their subsequent expectations. In this read , we would discover five technological transformations that are going to change the face of the supply chain in 2020 and what the industry experts have to say about them. Autonomous Trucking Autonomous or self- driving trucks are expected to see a big boost this year. With companies like TuSimple, Uber and Waymo that are testing autonomous trucks on highways for months now, the day is not far when your parcel would be delivered by a truck with no one in the driver’s seat. Though it’s still a far-fetched thing, we are step closer closing on attaining Level 5 autonomy in trucking as major manufacturers are extensively work...

4 Ways to Keep-up with Digital Transformation in Supply Chain

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As per a recent survey conducted by Forbes Insights, “ 65% of logistics, supply chain, and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand.”  Well, these statistics are testimony about the rapid transformation that the supply chain industry is experiencing and most of it has to go with the digital revolution. Hence, it becomes all the more evident why having a proper strategy for digital transformation is necessary and how one can easily adopt and adapt to it. Here are the four ways that are indispensable in the modern age supply chain industry that help one keep up with digital transformation. Smart Automation:  In the new wave that is digitalizing everything, the expanse of automation has grown manifolds. And, the tech behind this revolution is IoT. While hardware accounts for most of the IoT t...

Five ways Cloud Technology is transforming Supply Chain Management

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Cloud technology is transforming industries by leaps and bounds. Transport & Logistics is one of the prominent sectors affected by the digital revolution. By 2020, approximately 80% of supply chain interactions will happen across cloud-based commerce networks. The new rules of the game are radically changing the supply chain industry . Be it new regulations, or buyer expectations, the traditional supply chain model is being challenged at every step. The growing demand for end-to-end visibility, agility, and integration is beyond what traditional supply chain systems can offer. Here are the five top ways of why supply chain leaders are moving to cloud-based solutions. 1. Curb Operational Costs Cost is a major factor that plays a vital role in an organization’s growth strategy. It’s evident that digitalizing the procedure reduces cost, especially in supply chain management. Further, process automation results in higher efficiency. Integrating an automated shippin...

5 Smart Ways to Optimize Logistics Costs of Your Organization

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The logistics sector has advanced by leaps and bounds. The biggest proof of it, are the organizations that have transformed their intricate supply chains into simpler ones by deploying digital transformation tools, re-engineering processes and implementing analytics frameworks. However, these solutions are not enough when it comes to coping with complex and competitive logistics environment. A perfect  logistics solution  is the one that combines technology, analytics, and processes so that logistic business owners can simplify networks, mitigate risks, and optimize the associated costs. Now that we have known that organizations have to cope with the pressure of optimizing costs without compromising on the performance, we wanted to share five ways in which they can handle it. So, here we go. Keep Errors at Bay When you have a huge logistics department, errors are likely to occur. However, they can cost a lot. For example, if the shipment becomes non-deliverable due...

Supply Chain Skill-set Catastrophe: What Can Go Wrong and How to Deal with It?

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In logistics it’s all about goods? One might think so. But it is way more than that. It is about people and resources. This blog demonstrates it with absolute clarity: The success of transportation and logistics operators depends decisively on the quality and qualifications of its employees. It is likely that this prerequisite will not decrease, but increase in the future. Considering that, exactly this requirement for success already causes difficulties today. Qualified personnel determines the factors for the success and survival not only of companies, but also of entire supply chains . Many young individuals, managers, and decision-makers do not consider the industry to be attractive enough to apply for a position in it. That is bad news. The good news is - every company whose managers are capable of remedying this existence-threatening situation, simultaneously open the door to the future. One important way to do so is through ‘employer branding’. For small...