digitization

The urgency of leveraging technology to compete

As traditional offline and paper processes fail to keep up with demands for speed and visibility, some freight and logistics companies have incorporated new high-tech solutions to streamline operations. But many have also been hesitant. 

With changes accelerating and investment pouring in, freight forwarders need to start digitizing now to remain competitive and thrive in the imminent digitized logistics environment. 

Emerging technology leaves an “uneven” playing field

For decades, many freight...

https://www.freightwaves.com/news/the-urgency-of-leveraging-technology-to-compete

Maintaining relationships in a digital world

As the world continues to become increasingly digitized, especially since this shift was accelerated due to the COVID-19 pandemic, many companies have had to find a balance in the workplace in managing relationships despite being primarily online.

Relationships, communication and connections are essential for growing teams, businesses and even whole industries. Unfortunately, over the last few years, more and more companies are shifting to new and updated technologies — sometimes causing the...

https://www.freightwaves.com/news/maintaining-relationships-in-a-digital-world

AI helps freight forwarder process thousands of invoices for discrepancies, timely payment

The fact that COVID-19 forced brokers and freight forwarders across the supply chain to digitize their processes is no surprise. Congestion at ports and tight capacity is making visibility and streamlined communication a basic necessity to keep customers happy and carrier relationships strong. But for JUSDA, a Los Angeles-based midsized freight forwarder, it was not only those bottlenecks that forced it to reconsider its manual, paper-based processes, it was the movement toward remote work.

“When...

https://www.freightwaves.com/news/ai-helps-freight-forwarder-process-thousands-of-invoices-for-discrepancies-timely-payment

From booking to billing, hyperautomation transforming freight journey

freight rates could rise

Every day more freight businesses are integrating comprehensive digital platforms, which use artificial intelligence and machine learning to automate groups of related tasks while also augmenting the workflow of employees. This comprehensive process is called hyperautomation ⁠— a term coined by research firm Gartner. 

The ultimate goal of hyperautomation is to serve the end user. As brokers and shippers across the industry continue to weather tight capacity, labor shortages and high rates,...

https://www.freightwaves.com/news/from-booking-to-billing-hyperautomation-transforming-freight-journey

TCA, Blume Global to present webinar on port congestion

The Truckload Carriers Association and Blume Global will host a complimentary webinar focused on the current situation in the freight and port sectors of the supply chain.

“International Freight & Port Congestion: The Impact on Domestic Freight,” will take place at 1 p.m. ET Nov. 9.

Blume Global’s Glenn Jones, global vice president of product strategy and marketing, will be joined for the discussion by David Arsenault, president of GSC Logistics.

The pair will discuss the trucking impact of...

https://www.freightwaves.com/news/tca-blume-global-to-present-webinar-on-port-congestion

Closer to the consumer: How Levi Strauss thought about life post-pandemic

At 168 years old, Levi Strauss & Co. (NYSE: LEVI) has some knowledge about its customers. But that knowledge was put to the test in 2020 as the pandemic took hold and consumers shifted buying strategies. Liz O’Neill, executive vice president and COO of the company, said Levi had to make some tough choices to manage though the COVID-19 pandemic before it could contemplate what the future would look like.

“[It was a] healthy triage mode which was walking this balance beam where we had to balance...

https://www.freightwaves.com/news/closer-to-the-consumer-how-levi-strauss-thought-about-life-post-pandemic

New Maritime Forum M7 Calls on Research & Trade Digitisation

Delegates from the shipowner associations of the G7 along with Australia, India, South Korea and South Africa have created a new shipping association, M7 with the first meeting organized by the UK Chamber of Shipping.

They were joined by BIMCO, the International Chamber of Shipping and the European Community Shipowners’ Association.

Digitization for trade improvement

UK Chamber of Shipping president and chair of the meeting, John Denholm said: “The meeting discussed improving trade through digital...

https://mfame.guru/new-maritime-forum-m7-calls-on-research-trade-digitisation/

Help wanted: Manufacturers look to rapidly scale digital e-commerce channels

As more manufacturing businesses realize the importance of business-to-business (B2B) e-commerce, many are still lacking when it comes to digital marketing and sales programs.

According to a PwC survey, 66% said implementing digital marketing and sales over the next two years is a business priority; 40% said it is a top business challenge. Few manufacturers, though, have robust e-commerce platforms.

Robert Bono, industrial manufacturing practice leader for PwC, said the challenges are nearly...

https://www.freightwaves.com/news/help-wanted-manufacturers-look-to-rapidly-scale-digital-e-commerce-channels

Gauging Marine Propulsion To Achieve Decarbonization Targets

An article in Wärtsilä website provides insights in to the viable and emerging for maritime decarbonization.

Call for sustainability

In recent years, the maritime sector has awoken to the pressing need to make critical sustainability improvements and rethink its activities by embracing technology and digitalisation.

Wärtsilä embraced the call for sustainability from the very beginning and promoted the change through active collaboration in the ecosystem and investments in new technology to usher...

https://mfame.guru/gauging-marine-propulsion-to-achieve-decarbonization-targets/

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