The new integration eliminates complex data structures and provides total transparency across the end-to-end supply chain within a simple, modern interface New York - April 26, 2023 - Prompt Global, a software provider that builds solutions for supply chain data...
Software Integrations In Logistics Technology
Software Integrations In Logistics Technology Made Simple Software integrations, such as TMS integrations (transport management systems), have traditionally been drawn-out and expensive challenges for freight companies. Fast forward to 2023 and software integrations...
Logistics Technology in 2023: potential for pain.
The state of Logistics Technology in 2023 Logistics Technology is both exciting and controversial. Right now in early 2023, logistics technology, also called LogTech, has exited a period of easy funding and founder freedom. Today’s landscape is more sinister, with...
NewsLens September 2022 – On Supply Chain Unicorns
By Kai Timmermann Welcome to the second part of our two-part use of networked competencies to look at logistics players. Last month we looked at the large-scale service providers. This month we’re looking at logistics unicorns. Feedback on format is always...
NewsLens August 2022 – Double Album
By Kai Timmermann This month launches a double-album NewsLens focusing on corporate strategy in logistics and logistics tech, drawing from the framework in my 2016 book, “Deliberate Performance.” Feedback on format is always appreciated. To summarize the basics of...
NewsLens June 2022 – Scrutinizing the big Flexport announcement
June’s early news has largely been hyper-focused on reading the tea leaves for what’s happening the second half of this year and teasing out the implications of some retailers being over-inventoried and changing consumer behavior amid inflation. Exactly how it will...
NewsLens May 2022 – Our take on the FMC Maritime Data Initiative
In November 2021, Federal Maritime Commission (FMC) Chairman Daniel Maffei appointed Commissioner Carl Bentzel to spearhead the FMC Maritime Data Information initiative to focus “on identifying data constraints that impede the flow of ocean cargo and add to supply...
NewsLens April 2022 – When will things return to normal?
Periodically we are asked when things will return to ‘normal’ (personal aside, you have to love open-ended questions). The short answer is that we believe contract rates will begin to move close(r) to ‘normal’ in 2024. Periodically we get the question about when...
Freight Invoice Automation: The Next Step to a Digitalized Business
We are entering into a technological renaissance for manufacturing and logistics companies. Our factories are getting smarter, and businesses are now more connected with their customers than ever before. The wave of digitalization has been a long time in coming, but...
#TNYSCM35 – Leaders’ perspective on the future of logistics
More than ever, we are experiencing a massive shift in how logistics technology functions in the modern world. The outbreak of the pandemic, as well as the continued growth of online retailers, are pushing up demand. This rise in demand directly supports the growth of...
The impact of data integration on shipment forecasting and business intelligence
We live in an increasingly interconnected world. With the advent of smartphones, humanity has the power to access nearly anything they could imagine, merely with a few taps of its collective finger. However, manufacturing, transportation, and logistics have long since...
The need for end-to-end visibility to navigate supply chain chaos
The global supply chain has been thrown into utter chaos. Everyday items are back-ordered, delayed, or are impossible to get. Electronic components like semiconductors have lead times of months or, in some cases, years due to increases in demand. Port congestion,...
How freight invoice processing is improved through automation
A freight invoice links to your cash flow and affects your bottom line numbers. Handling freight invoicing well is critical, not optional. Even now, about 90% of freight invoices slow cashflow through manual processing. Manual processing also increases the risk of...