Barcelona, December 24, 2020.- Maritime Gateway magazine has published a very interesting report on the advances of Blockchain technology in India, one of the most populated countries in the world, along with China. Blockchain will help overcome historical inefficiencies in India in this way:
India’s supply chain and logistics sector is undoubtedly one of the largest globally. It’s size, however, is not necessarily a source of comfort.
Pegged at $215 billion, and growing at a compounded annual growth rate of 10.5%, India’s supply chain is marred by an unbalanced logistics modal mix, high indirect costs, poor infrastructure, fragmented networks, and lack of technology adoption, notes a new report jointly published by the Confederation of Indian Industry (CII) and Arthur D Little.
While the Covid-19 pandemic has led to faster adoption of technology, it has also aggravated these supply chain issues. Consider this. Nearly 75% of companies worldwide are experiencing disruptions with most companies, unfortunately, not having any contingency plan to deal with this situation.
India’s supply chain is no different. Logistics cost in India stands at 14% of GDP, compared to the global average of approximately 8%. This has generated a competitiveness gap of $180 billion for India, which could increase to $500 billion by 2030, according to the report.
The report notes that India ranked 44 in the World Bank Logistics Performance Index, last released in 2018–way behind the US at 14 and China at 26. Other South-Asian countries such as Thailand and Vietnam also have high logistics costs. These countries’ costs reach 14- and 16-17% of GDP, respectively. However, they fare slightly better than India on the logistics performance index, with Thailand at 32 and Vietnam at 39.
Transportation represents approximately 40% of logistics costs, which amount to 6% of GDP. Transportation by road makes up the lion’s share of this cost, at about 64%, followed by rail at 30% and waterway and air transport at 5- and 1%, respectively. India has the second-largest road network globally, which totals 5.5 million kilometers, yet national highways account for less than 2.7% of the total network. This puts a severe strain on the national highway network, which carries about 40% of the road traffic.
The rail network fares no better. India has one of the largest rail networks in the world, spread over 1.2 lakh kilometers. However, the average speed of freight trains in India is 24-25 kmph, compared to 38-40 kmph for those in the US and China.
The report asserts that the slow adoption of supply chain technologies, such as AI, blockchain and IoT, remains a major shortcoming.
According to the report, digitization is no longer an option in today’s world. Rather, the entire supply chain needs to be connected by integrating physical networks with digital technology. The latest technology, such as geo-tagging, auto-capture, and big data, enables collaboration, better forecasting, and traceability along the network, which helps to monitor supply chains.
Technology-enabled forecasting helps reduce wastage along the supply chain by allowing organizations to manage demand- and supply-side shocks. AI, blockchain technology, and IoT will bring breakthrough productivity gains in the supply chain network, the report notes.
The results are already showing in cases where these technologies have been adopted. For instance, automation in packaging has helped industries reduce the workforce by 20-30%, which has curtailed losses due to labour migration, according to the report.
The report cites the example of how Proctor and Gamble (P&G) used technology when a hurricane disrupted the company’s supply chain in New Jersey eight years ago. Hurricane Sandy, which hit New Jersey in 2102, disrupted production in the P&G factory that made 91% of its perfumes, according to the report.
To tackle the problem, P&G deployed a cloud-based platform for real-time information on production and external demand, which helped minimize the fallout. The use of advanced analytics and quick decision-making limited the plant’s downtime to two-and-a-half days. Further, in 2017, P&G used digital tools to predict which suppliers, plants and distribution centers were likely to suffer damage from Hurricane Irma in Florida. This allowed the company to prepare for contingencies and avoid disruption and financial loss, according to the report. The CII – Arthur D Little report insists that Indian companies should adopt a similar proactive stance if they want to improve their supply chains.
Key findings of the report:
COSTS: Logistics cost in India stands at 14% of GDP, compared to the global average of approximately 8%
DISADVANTAGE: This has generated a competitiveness gap of $180 billion for India, which could increase to $500 billion by 2030
TECHNOLOGY: Supply chains are transforming globally by adopting Industry 4.0 trends including agile networks, disruptive technologies, end-to-end visibility, and risk mitigation Vs. risk management
AI / IoT: India can benefit from the experience of mature economies, which have used emerging technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT) to enhance supply chain operations and resilience
DIGITAL To make India’s supply chain competitive, efficient, and resilient, Vision 2030 aims to pare logistics cost to 7-8 percent of GDP, optimize the logistics modal mix, digitalize 90% of supply chain operations, develop omni-channels, move towards green supply chains and enhance skill development.
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, June 14, 2022.- AndSoft, a European company that manufactures software for transport and logistics (e-TMS), presented at SIL in Barcelona (31 May to 2 June), stand E 532, new solutions dedicated to special transport: ADR and oversized. Plus a new evolution of TrackAPP.
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, June 7, 2022.- Enterprise Talk magazine has published an analysis on supply chain improvements, from start to finish, thanks to artificial intelligence solutions. These are their conclusions:
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, May 24, 2022.- Author: Pierfrancesco Manenti is Research Vice President for the Gartner Supply Chain Strategy team. Mr. Manenti provides insights and advisory support to CSCOs and Head of Strategy of global manufacturing and retail corporations into the future trends and key challenges affecting end-to-end supply chain strategy. He focuses on strategic transformation, digitalization, agility and… Continue reading Gartner: “Autonomy is the future of Supply Chain”→
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, May 3, 2022.- According to Business Insider, the benefits of implementing artificial intelligence in the logistics industry are already evident today in 2022. In summary:
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, April 26, 2022.- The world economy, any sector that produces machinery, household appliances, vehicles, computers, mobile phones…need chips for the operation of the electrical system. Europe and the United States will build new chip factories, but China (Taiwan) will remain the world leaders.
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, April 19, 2022.- According to Protocol magazine, the ecommerce giant has been looking to hire a number of people for an unannounced AR/VR product in recent months. Among the roles Amazon is looking to fill are a wide variety of senior positions for computer vision scientists, designers, program managers, product managers, researchers and technologists,… Continue reading Amazon is developing a ‘new-to-world’ AR product→
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, April 5, 2022.- Amazon has agreed with hundreds of Texas consumers the delivery of merchandise weighing just 2 kilograms, its delivery through drones. For its part, Fedex:
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, March 22, 2022.- The prestigious technology consultancy Gartner has published an analysis of Blockchain technology and its real solutions today. Gartner explains blockchain with these arguments:
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, March 22, 2022.- The company ILS has published an analysis on the applications of Artificial Intelligence (AI) in Logistics. AI is going to be as common as TMS is today.
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
This article was originally published by Ben Dickson on TechTalks, (March 7, 2022) a publication that examines trends in technology, how they affect the way we live and do business, and the problems they solve. But we also discuss the evil side of technology, the darker implications of new tech, and what we need to look… Continue reading The understanding and coexistence of artificial intelligence with human intelligence→
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona March 2, 2022.- One of the most influential newspapers in the world, the New York Times, has published a diagnosis on the role of the technological giants in the new scenario that opens the Russian War against Ukraine. For your interest, we publish below:
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, February 22, 2022.- The Foley & Lardner Law Firm has published a detailed and exhaustive analysis of the benefits of blockchain technology for the logistics industry, which is so important for the success of e-commerce around the world. Therefore, its reading is highly recommended for managers of transport and logistics companies. Here is a… Continue reading Foley & Lardner: “Blockchain for Digital Logistics and Smart Warehouses”→
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, February 15, 2022.- Supply Chain Dive magazine has highlighted 5 applications, based on Artificial Intelligence, for supply chain companies. This technology will be one of the keys to success for logistics companies that need to be more efficient and competitive.
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, February 8, 2022.- TechiExpert magazine has published an analysis on the application of Blockchain technology in transport and logistics companies. We recommend your reading:
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, February 7, 2022.- The Digital Journal magazine has produced a report on Artificial Intelligence in the logistics industry. Here are the main conclusions:
by AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone
Barcelona, January 18, 2022: The prestigious economic newspaper Financial Times has published an analysis on the supply chain. Its recent innovations and the changes that have had to be implemented in large multinationals, small and medium-sized companies. Next, we publish a summary for its great interest for the logistics professional and the technological manager: