FreightTech industry isn’t what it was a year ago, project44 CEO says
Project44’s Jett McCandless comments on the state of technology as the company completes a round of layoffs on Thursday.
Project44’s Jett McCandless comments on the state of technology as the company completes a round of layoffs on Thursday.
Despite the growing importance of interoperability in supply chains, there are more technology companies marketing closed platforms than ever before.
Issues in the yard can threaten tight delivery windows just as much as issues on the road. Every inefficiency in the supply chain creates a domino effect, but so does every improvement.
While AI technologies have the potential to transform the shipping and logistics industries, their success takes careful and strategic planning.
These new API offers from p44 represent the next step in supply chain connectivity, paving the way to a more transparent and collaborative future.
The value of supply chain visibility will continue soaring, says project44 Chief Industry Officer Bart De Muynck.
The impact on trucking from the closure of Interstate 95 in Philadelphia does not appear to be reaching the most dire projections.
Common misconceptions around data quality and connectivity stand in the way of maximizing value from visibility solutions and improving overall supply chain performance.
Gartner’s Magic Quadrant stands out as one of the clearest – and most trusted – ways to evaluate the most popular real-time visibility options.
“Investors have shifted from a growth-at-all-costs mindset to focus on the path to profitability and scalable growth. No startup, not even the rocket ships of logistics technology, will be immune to these trends,” says project44 founder and CEO Jett McCandless.
As the popularity of online shopping increases, so do consumer expectations around shipment visibility and on-time delivery. This can lead to challenges for many retailers, especially when relying on generic carrier tracking solutions.
Generative AI is capable of overhauling the day-to-day realities of the supply chain industry by automating human-intensive processes and creating a pathway for fast-paced innovation.
While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change.
Most sectors, especially retail, are experiencing weakened demand and falling volumes. This is not the case for the automotive industry.
Most of the time, March brings some reprieve from the post-holiday demand slump. This year, consumers appear to be less apt to resume their normal spending habits.
In-transit visibility options have skyrocketed over the past several years, making it easier than ever to track a shipment’s en route movements. The same cannot be said, however, for terminal visibility.
Last year’s peak retail season stands apart from previous years in that there wasn’t much of a “peak” at all.
Supply chain visibility leaders provide insight on their decisions in 2022 and what’s in store for the FreightTech segment in 2023.
Estes Forwarding Worldwide and project44 have developed a rating API that provides expedited quotes for LTL shippers.
With investor appetite shrinking, will FreightTech companies feel the pain in 2023? A recent survey shows mixed results.