Internet of things: If you’re not familiar with this term, it would behoove you to do so. Building a network means not just connecting systems (a very abstract idea) but also physical infrastructure, like vehicles and devices. It’s more important than ever for transportation and logistics managers to understand how these networks impact their processes both positively and negatively. See this great piece from Logistics Viewpoints’ Steve Banker for more on the topic and its relevance to supply chain.
Stochastic modeling: We explored this in a recent article, “Accounting for variability,” but basically this means modeling a network to better account for inherent variability. Most modeling and optimization systems are great at doing something according to a static set of variables. Stochastic modeling attempts to replicate how the human mind thinks, moving from one scenario to another based on the dynamic factors that the real world presents, not the perfect world created in most planning scenarios.
Connectivity as a systems choice decider: I wrote about this earlier in 2014 in “From stickiness to gravity.” Companies looking to purchase or upgrade a system to better their transportation or compliance processes need to increasingly look at the way that system connects them to their crucial data partners. It matters less whether the system is cloud-based or on-premise that whether that system delivers the crucial connectivity to those partners straight away, with minimal fuss, and with a high degree of accuracy. Cloud is a delivery model, not a state of being. Focus on connectivity. If cloud gets you there, fine, but just because the tool you like is delivered via the cloud doesn’t guarantee those crucial connections.
So there you go, and I didn’t mention omni-channel even once. Happy New Year everyone.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now