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 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...
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...
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...
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...
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...
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...
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...
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...
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...
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 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,...
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...
