- Alarm bells ringing over ‘ticking time-bomb’ of post-Brexit customs control November 21, 2017
- Damco China-Europe blocktrain offers speedier and cheaper option for shippers November 21, 2017
- Omnichannel sales pushing B2B deliveries towards more costly B2C supply chains November 21, 2017
- Two 747-400Fs fetch $49m at Alibaba’s Taobao online auction November 21, 2017
- Omar Shamsie new president of Maersk Line in North America November 21, 2017
- India’s logistics gets ‘infrastructure status’ to boost investment November 21, 2017
- The making of a Chinese giant: HNA Group November 21, 2017
- Walmart and JB Hunt join customer list for Tesla’s new all-electric Semi truck November 20, 2017
- Supply Chain News on Amid Generally Lackluster Results, Old Dominion Blows Away the LTL Field in Q3 November 20, 2017
- Supply Chain News Makers Video Series on Interesting Technical Enhancement to the Famous Beer Game November 20, 2017
- More Stories from the Consumer Goods to Retail Supply Chain Fron November 16, 2017
- Blockchain Breakthrough for Paperless Bills-of-Lading November 20, 2017
- Are TOS Systems Efficient Enough for SMTs? March 22, 2017
- Whitepaper: Automation Fails, but can Win Big April 14, 2016
- Gazprom, Shell Discuss LNG Projects November 22, 2017
- Hapag-Lloyd Adds Low Carbon Refrigerant Containers from Maersk November 22, 2017
- Diana Shipping Reports 3Q Loss of $24.5 million November 22, 2017
Tag Archives: Software
This interview with Ryan Peterson, CEO of Flexport, is fascinating. It is well worth registering at the Loadstar in case you don’t already have access.
Ryan points out that only 75% of freight bookings are kept. This may be a correlative of on time percentage of about the same amount for ocean carriers; but it is more symptomatic of a situation in which the uncertainty breeds more uncertainty. It’s like new product introductions; no one knows if your new product (disk drive, for example, in the business I was in years ago) is going to sell; it has plenty of promise, but also lots of competition. As a result your distributors (NVOCCS and freight forwarders) over-order, trying to convince you they can peddle lots of them, for fear that they will be cut out of the allocation when you start to deliver but can’t give them their whole order. In a sense, for an ocean alliance every voyage is like a new product launch. People over-order, they plan, but can’t full ships, so they cancel (or reroute, changing schedule). It’s a no-win for everyone.
Ryan is right in my view; data and sharing it can help. The issue is whether companies can be talked into sharing data. That’s what his firm is partially about– facilitating the exchange (for a price of course!). And for many firms, shippers and carriers, it should be worth it; a trusted intermediate can greatly reduce transaction costs.
Listen up– you’ll learn a lot!
Some notes on AI and its applications from a venture capitalist.
Here are a few of Frank Chen’s creations: