The Friday Report July 6, 2018Quick wrap up of a few hot topic newsworthy stories in the supply chain logistics industry
The Next E-Commerce Platform: The Connected Car
Did you know that today’s car has the computing power of 20 personal computers? Unbelievably enough, it processes up to 25 gigabytes of data in an hour and includes approximately 100 million lines of programming. The drive towards connectivity with the outside world is considered important to the customer experience and epitomizes today’s Connected Car. What is a connected car? The term “connected car” refers to a vehicle that has the capability of optimizing its own operation and maintenance and can also enhance the convenience and comfort of its passengers by utilizing Internet connectivity and onboard sensors.
GM is hedging their bets on the connected car becoming the next big e-commerce platform. It announced in late 2017 that it will place in-dash e-commerce technology in newer vehicles. The IBM-partnered project will enable travelers to order food, locate fuel, reserve accommodations and more without relying on Smartphones while driving.
Blockchain-Verified Digital “Smart Addresses” Aid Last Mile Logistics
According to the World Tourism Organization (WTO), up to 80% of addresses in developing countries and 20% in developed countries remain unverified due to errors. This leads to major challenges for visitors to these addresses as well as to transportation and logistics providers who handle last mile delivery. One company, Naviaddress, a Russian start-up venture claims to be the first company to use blockchain as a method of verifying and storing digital addresses.
Naviaddress has created 1.5 million smart addresses thus far and is currently being used by ExpressRMS, a Russian delivery company as well as Amazon, Booking.com
IoT Increases Supply Chain Transparency and Streamlines Last Mile Delivery
Because of the acceleration in technological advancements involving sensors and the value realized from the data that is collected, companies are expanding their use of IoT. Because data is continually streaming in, companies have access to vital
How will the Internet of Things help transform the supply chain? Because of the wide array of Internet-connected devices that are gaining widespread adoption across supply chain businesses, there is an increased free flow of information. This data can include traceability, information on the contents in shipments, shipment dates, temperature and a volume of other information.
Using IoT provides a high degree of reliable transparency and can help companies to be more flexible and adaptable in their supply chain operations.
This results in more accurate, timely information that is available for use by supply chain operations in real time.
One of the most time-sensitive operations is that of shipping and last mile logistics. Using IoT sensors, data can be transmitted from goods in transit, providing
Uptick in Data Breaches: Manufacturers Brave Cybersecurity Threats According to the 2019 Manufacturing and Distribution Report, half of the companies surveyed reported that they had experienced a cyberattack or data breach within the past twelve months, with 11...
Why Has Serialization Become Necessary in the Pharma/Life Sciences Industry? Helps to eradicate counterfeit prescription drugs and protect consumers Serialization increases the efficiency of the pharma supply chain Improves inventory visibility Enables collection of...
Bed Bath & Beyond in Free Fall The pressures of modern retailing have taken their toll on major retailer Bed Bath & Beyond. The industry giant reported that sales decreased 6.6% during the last quarter at stores open at least one year. Q1 2019 also saw...