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:
Barcelona, January 11, 2022.- TheChina DailyNewspaper has published the following information with real cases of robotic applications and artificial intelligence for the logistics industry. A technological revolution whose implementation will accelerate in the coming months due to tensions in global supply chains.
Barcelona, January 4, 2022.- The following analysis on Deep Learning and the use of neural networks has been published by the IEEE Spectrum magazine. Technologies already present in smartphones and that will evolve faster, every day.
Barcelona, December 7, 2021.-McKinsey & Company has developed a report on the new leadership of CEOs in the Post-Covid19 era. Interesting to read the conclusions especially in relation to new uses of technology and its implementation in value chains.
Barcelona, November 30, 2021.- As reported by the economic news agency, Bloomberg, the Covid-19 pandemic is speeding up a technological transformation of global trade as supply chains play catchup in shifting from paper to digital transactions.
Barcelona, November 10, 2021.- The Mckinsey Consultant has developed an extensive report on technological trends for CIOS. Each of these professionals, in their respective companies, will have different priorities. However, Mckinsey draws some “common territories” to take into account, today.
Barcelona, November 2, 2021.- The prestigious Forbes magazine has published an analysis on blockchain technology and its competitive advantages for Public Administrations. We have to ask ourselves how they will adopt this technology, not when …
Barcelona, October 26, 2021.- Blockchain technology is increasingly integrated among logistics companies. Both in technological innovation, the development of solutions for information management in transport and logistics companies, and in payment systems.
Barcelona, October 19, 2021.- The prestigious English newspaper,Financial Times, has published a report on the coexistence between human beings and machines, in industries such as logistics, it is already happening today.
Barcelona, October 5, 2021.- Technological advances will drive the evolution of the human being. However, the current Post Covid19 economic situation needs to analyze the present, the macro and micro uncertainties. According to Business Insider, we need to find solutions for professionals who maintain international trade.
Barcelona, September 28, 2021.- Artificial intelligence, machine learning, blockchain, quantum computing, augmented reality, autonomous driving, metaverse … technological progress has been brilliant in recent decades. For this reason, governments have to accelerate the regulations that regulate our present and future. An example is the following meeting.
Barcelona, September 21, 2021.- Australia accumulates 2 years with real logistics drone flights from real businesses. The operator Wing explains below what this experience has been like and the promising future for small cargo and on close flights. The technology associated with logistics drones has a fantastic future, especially when it is extended to large cities around the world.
Barcelona, 6st of September 2021.- AndSoft,is a European company that develops software for transport and logistics, that will be presenting, at the E65 stand at the SITL in Paris (13th -15th of September), the latest developments that are in accordance with the specific solutions for the decarbonization of the transportation world and its digital transformation. These two goals are the main strategies of the European Community regarding Funds for the Post COVID Recovery. AndSoft will present its 2020-2021 innovations, that will center around four basic points:
Barcelona, August 17, 2021.-JDSUPRA has configured the following information about the benefits of Blockchain technology with intelligent contracts for employers. The digital transformation in which we are living invites to know all the details of implementation and development of Blockchain technology in all economic sectors.
Barcelona, August 10, 2021.- The analysis you are going to read below has been developed entirely by the European Council on Foreign Relations. Examine the qualitative importance of technology in the old continent. Undoubtedly, a document for consultation and recommendation.
Barcelona, July 27, 2021.- The present and the future of artificial intelligence where it will reach its maximum development in the hardware or software? OpenAi answers this question in the following information published by Venture Beat:
Barcelona, July 20, 2021.- Blockchain technology will reach its greatest efficiency with the integration of other technologies such as artificial intelligence. The software of supply chains will be one of the main beneficiaries, according to explain Industry Wired in the following analysis:
Barcelona, July 6, 2021.- On June 1, the European Investment Bank (EIB) and European Commission published a new study (online summary here) on the state of play in artificial intelligence and blockchain technologies in the European Union: “Artificial intelligence, blockchain and the future of Europe: How disruptive technologies create opportunities for a green and digital economy.” The study was produced by the EIB’s Innovation Finance Advisory team in close collaboration with DG CONNECT under the InnovFin programme – a joint EIB and European Commission initiative to support Europe’s innovators.
Barcelona, June 29, 2021.- A Demo de Agility Robotics shows two robbakers moving boxes in a warehouse. Each logistics entrepreneur will decide if this option is more profitable, more efficient and is the beginning of greater automation of warehouses.
Barcelona, June 22, 2021.- Artificial Intelligence technology reaches maturity, along with machine learning, neural networks and blockhain. TechWire Asia has published a report on the consequences of AI on ecommerce and traditional stores of a lifetime.
Barcelona, June 15, 2021.- The British newspaper The Guardian has published an interview with Kate Crawford, author of the book “Atlas of AI”. Her statements are forceful: “AI is neither artificial nor intelligent”.
Barcelona, June 8, 2021.- According to a short-term analysis by Accenture, Blockchain technology will likely revolutionize the way we live and work. It has the potential to give us greater control over our healthcare and well-being, provide greater insight into the origins and quality of the food we eat and the products we buy, financial transactions will execute faster and be simultaneously more transparent and private, and business will be conducted with greater efficiency and less risk.
Barcelona, June 1, 2021.-TechBullion has highlighted an analysis of blockchain technology in the management of our personal data. A decisive advance for the next few years.
Blockchain has proven to be one of the most disruptive technologies of the last decade. Initially conceived as a fair, trustless, and transparent way to record data and transfer value, blockchain-based projects and solutions have grown immensely over the last several years and have transformed the way we approach everything from healthcare, education, and governance, to entertainment, fintech, supply chain, and more.
Many of the changes that blockchain has brought about have been widely documented on the global and industrial scale, but as improvements are made in blockchain-based technologies, we are now able to leverage this bleeding-edge tech to empower users on an individual level.
For example, consider logistics and supply chain operations. While blockchain technologies can streamline the way the supply chain functions, they can also lower transaction costs for small businesses. Within those businesses, blockchain can also be used for granular analytics, payments, permissioning, and more – all on the level of the individual.
In the same manner, with the right tools in place, private individuals can now take control of their personal data – the same data that has built multi billion-dollar empires such as Google, Facebook, Snapchat and more. While these centralized platforms have been instrumental in the advancement of fast, modern, low-cost applications for every imaginable use-case, they were built by leveraging vast amounts of private user data often without the direct consent of the user and certainly without the user’s control over the data that was collected and monetized by these centralized entities.
Data has long been recognized as a valuable digital asset, but traditional, centralized platforms (often referred to as Web 2.0) deprived users of the ability to control and/or monetize their data. Data is the largest digital asset that we own, but it is difficult – in fact until now it has been impossible – to monetize this personal data on an individual level. At present, private individuals freely hand over this data to large, centralized companies who monetize it to their own advantage, with little to no benefit accruing to the true owners and producers of that data.
Barcelona, May 25, 2021.- Food Logistics magazine has published a very interesting report on the application of Blockchain solutions in the food supply chain. An exciting challenge for the coming months and that he has explained with these arguments:
Touted as a way to reduce the abundance of emails, spreadsheets, manual labor and data silos that supply chain managers have grown accustomed to, blockchain seems almost too good to be true. Despite claims of it being an overhyped technology, blockchain can be transformative if careful consideration is given to the problem it will solve and the quality of data that is supplied. There are many questions that need to be addressed before a supply chain use case is considered. They may include: How accurate and complete is the company’s data? Is blockchain really the right solution, or can this problem be solved another way?
Early adopters are finding that applying blockchain to supply chain use cases can expose unique data sharing and digitization challenges. According to a study by Gartner, 80% of supply chain blockchain initiatives will remain at a proof-of-concept or pilot stage through 2022 because supply chain use cases still rely heavily on analog data. Researchers state that the need to digitally capture data from a multitude of sources is critical to achieving a requisite level of visibility that leads to blockchain maturity.
Blockchain use cases in the supply chain require a foundation based on global data standards. Key food industry players have discovered that an adherence to global data standards, such as GS1 Standards, is a critical part of preparing for this heightened level of automated and external data sharing.
The food industry is under pressure to step up traceability after an abundance of recalls and the U.S. Food and Drug Administration unveiling of the New Era of Smarter Food Safety last spring. In this plan, the agency called for a greater exploration of technology to modernize the supply chain and a stronger commitment to traceability to protect the public health. This activity, coupled with the Food Safety and Modernization Act (FSMA) traceability rules, means food companies will need to take action to digitize their supply chains. They will now be expected to possess far greater traceability capabilities than the minimal “one up, one down” record-keeping that is in place today, where a company may only have knowledge of where a product has come from and where it is going.
GS1 Standards give food supply chain partners the ability to share data among different information systems, so they can essentially speak the same language and carefully map their blockchain ecosystem. Standards also enable data capture and transactions between partners to be completed automatically, without the need for manual look-ups and conversions or follow-up with customers and suppliers to check basic facts about invoices, credits, delivery receipts, stock numbers, quantities, units of measure, purchase orders and other data sets being placed on a blockchain.
One particular standard that is foundational to data exchange in a blockchain implementation is called Electronic Product Code Information Services (EPCIS). Think of EPCIS as a standardized application program interface (API). Typically, an API is used to specify how software components should interact. EPCIS removes barriers that can be caused by the use of disparate, proprietary data systems. It allows businesses to capture and share information about the movement and status, the what, where, when and why of products, logistics units and other assets in the supply chain.
With standards in place, a company testing blockchain is also more likely to commit to effective data quality management, with strict data governance and attention to detail before any data is shared externally. Without standards-based collaboration for data sharing systems, manufacturers and their partners risk creating and sharing an expensive and inefficient ledger of potentially bad data.
The root causes of data quality issues are usually basic inaccuracies (errors during item setup, for example) or incompleteness (a lack of full product attributes in a listing). Think of blockchain as a mechanism to record data. It has the unique features of immutability, more security and smart contracts to execute predetermined terms and conditions. However, it is not designed to add data where none exists or to fix errors. If supply chain partners are identifying products according to GS1 Standards and capturing and sharing data in a standards-based framework, data can be transmitted in more consistent formats in order to feed quality information to a blockchain.
Quality data is imperative to achieving the most popular blockchain use cases in the food industry right now—food safety and product information transparency. Without complete and accurate information, recalls can be slowed down or allergens may not be properly declared, but both can put consumers at risk. In an industry where all trading partners should be working toward the common goal of food safety, it is worth the investment of time and effort to ensure data quality issues are dealt with before errors become unchangeable through blockchain.
Companies cannot simply go “get a blockchain” on their own. The full trading partner network has to be open and ready to implement the technology for it to fully function as intended. Sometimes, that network can achieve a supply chain use case such as traceability or transparency even without the use of blockchain, through standards-based collaboration.
The Independent Purchasing Cooperative (IPC), the supply chain purchasing organization for Subway restaurants, is one example of a company that evaluated blockchain and found that their existing systems based on GS1 Standards were already capable of doing what blockchain could do. Now, their blockchain initiative has been paused while the organization focuses on bringing more of their partners on board with the standards that will eliminate manual work and provide the best foundation for food traceability. Collaborating with partners is now the focus.
“Having all parties using standard unique identifiers for products and locations and being able to capture and share data so it’s all easily understood from system to system is the critical starting point. With traceability, it is in everyone’s best interest to start with a single source of the truth. Standards provide data consistency as the information and products move between partners,” says Lucelena Angarita, director, supply chain systems and standards at IPC Subway.
IPC and others like them are not swearing off blockchain altogether. Instead they are finding that there are aspects of it, such as smart contracts and the ability to automate accounts receivable and accounts payable processes, that can be useful in the future. While a company may not choose to continue with a full implementation of blockchain, the exploration of blockchain forces them to take a closer look at how to support a future where massive amounts of data will be shared in new ways.
This is really what’s at the heart of the blockchain explosion—a renewed interest in sharing quality data farther and faster. Even though blockchain remains in a nascent stage, supply chain managers are faced with tremendous pressure to innovate quickly. Taking a thoughtful and coordinated approach to preparing for a new frontier of digital transformation now ensures the supply chain of tomorrow will operate with more fluidity and consistency.