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Freight accounts for nearly 8%, but when combined with warehousing operations, grows to 11%, according to the MIT SupplyChains Initiative. Within the supplychain ecosystem, freight forwarders will increasingly play a pivotal role in driving sustainability, digitalization, and resilience across the industry.”
In a recent webinar with SupplyChain NOW, two of DP World’s foremost experts — Terry Donohoe , CEO of DP World in the U.S. and Mexico, and Glen Clark , Senior Vice President of Freight Forwarding for DP World Americas — explored how SMBs can partner with sustainable supplychains to gain a competitive advantage.
Stakeholders bring diverse perspectives that help identify potential risks and opportunities within the supplychain. To achieve these goals, we are implementing smart logistics solutions, using advanced technologies like IoT, AI, big dataanalytics, and automation.
These can include increasing the use of clean energy, reducing excessive electricity consumption during peak times and optimizing the supplychain ranging from sourcing materials to shipping products. Alibaba maintained its position as the third leading public cloud IaaS service provider globally since 2018, according to IDC.
HelloFresh sources fresh produce directly from farmers and then ships directly to the consumer to reduce logistics, storage and facilities for lower emissions across the shorter supplychain. It’s impressive to see how using dataanalytics tools can be used to help the consumer focussed industry reduce their carbon emissions.”.
#3 Big Data and the Use of High-Speed DataAnalytics. Big data” is a term that describes the technologies and techniques used to capture and utilize exponentially increasing streams of data. Look for applications in healthcare, supplychain and finance to grow rapidly.
Without a technology strategy that supports the collection of high-quality data along the entire value chain, companies will not be able to report data or demonstrate progress against these commitments. Supplychain visibility has many advantages for today’s global and agile businesses.
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