blockchain supply chain

According to the 2018 3PL Study, Blockchain technology is making it way into supply chain and logistics industries. 67% of shippers and 62% of third party logistics providers said they don’t know enough about blockchain to rate it at this time. Currently, majority of shippers and 3PLs are not yet talking about implementing blockchain into their supply chain but some see a potential application for it in the future. 11% of 3PLs believe that blockchain activities should run completely independently of 3PLs (they can participate, but shouldn’t bring programs forth) whereas 15% of shippers do. 31% of 3PLs would like to see 3PLs owning or partnering in blockchain offerings as oppose to only 19% of shippers. 33% of 3PLs have no interest in blockchain activities nor do 30% of shippers. 31% of 3PLs would like 3PLs to bring potential blockchain initiatives to the table/conversation and 36% of shippers agree. Areas of interest for blockchain include traceability which is movement history and components, overall visibility and data sharing with partners, means to satisfy regulatory requirements, ensure ethical compliance, consumer use data, financial monitoring, security/safety of high-risk products, condition monitoring, ensure environmental sustainability and eliminate corruption within current institutions or regulatory groups.

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The Friday Report: October 18th, 2019

The Friday Report: October 18th, 2019

E-Commerce Popularity Driving the Demand for Space Amazon has set the expectations for consumers for fast, free delivery.  The rest of the market now has to keep up.  This is having a major impact on how space for warehouses, fulfillment centers and distribution...

The Friday Report: October 11, 2019

The Friday Report: October 11, 2019

Bipartisan Effort by Senators to Share Info on Supply Chain Threats Out of concern for risks to national security, a bipartisan group of senators want all branches of government to share information on technology supply chain threats.  Leading members of the Senate...

The Friday Report: October 4, 2019

The Friday Report: October 4, 2019

U.S. Announces Tariffs on $7.5 Billion of EU Goods Following the recent decision by the World Trade Organization (WTO), the U.S. Trade Representative announced changes to tariff rates for EU goods.  Beginning on October 18th, the United States will begin charging a...

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