Barcelona, September 20, 2022.- Artificial intelligence is definitely going to be one of the most efficient technologies for transport and logistics companies. This is what BiztechMagazine says in this report:Continue reading “Retailers, logistics firms and other companies are turning to artificial intelligence, robotic process automation and robots to make supply chains more efficient”
Barcelona, August 30, 2022.– Artificial Intelligence solutions are beginning to become popular. The supply chain is keeping an eye on this innovation, as this analysis published in the Deccan Herald News explains:Continue reading “How to effectively apply AI to supply chain processes to yield transformative results…”
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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:Continue reading ““Early adopters of AI in transportation and logistics already enjoy profit margins greater than 5%””
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.Continue reading “AI: “This powerful technology offers to automate and simplify numerous processes””
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.Continue reading “VeChain Partners With DHL for Enterprise NFT Issuance”
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.Continue reading ““The workers who fuel the global supply chain warned of a possible systems collapse if solutions aren’t found””
Barcelona, July 13, 2021.- The Magazine Supply Chain Management Review has published a great report on the present and future of the Artificial Intelligence. The main conclusions, here:Continue reading “#AI: new skills in supply chain”
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.Continue reading “Support and storage operations that can already be robotized / automated”
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.
Barcelona, March 4, 2021.- Mike Walker, Director of Applied Innovation at Microsoft, has published in Forbes magazine an interesting analysis on the implications of Blockchain technology in Logistics.Continue reading “Top 10 supply chain and logistics trends fueled by digital ecosystems”
Barcelona, January 14, 2021.- Software.org the BSA Foundation is an independent and nonpartisan international research organization aimed at educating policymakers and the broader public about the hugely positive impact that software has on our lives, our economy, and our society . Software.org has published a report on the importance of software developers and different technologies, such as Blockchain, in distributing the vaccines against COVID-19. These are its main conclusions:Continue reading “#Blockchain technology participates in the global distribution of vaccines against #COVID-19”
Barcelona, November 24, 2020.- The freight ports are also committed today to digitize themselves, to implement the latest technologies to gain efficiency, productivity and profitability. Chinese ports have turned to Blockchain technology as a secure technology solution. As reported by The Chain Bulletin:Continue reading “#Blockchain infrastructure for two major China Ports”
Barcelona, September 24, 2020.- The global economic recession needs innovative solutions, based on technological tools. Blockchain is a young technology solution, but promoting. Professionals who know its advantages count every day its main advantages. Information Age has published a very interesting Blockchain diagnosis:Continue reading “The transport and logistics sector is becoming increasingly digitised as supply chain management and visibility remain as important as ever”
Barcelona, May 24, 2020.- Of course, yes. Day by day, blockchain technology is being implemented in the management of companies from different economic sectors. In the Supply Chain Digital magazine, the benefits of blockchain are explained very simply:Continue reading “Do we have to trust Blockchain technology for the supply chain in 2020?”