Did you know that 80% of the global goods trade is transported over sea? FYI: COSCO Shipping (#4 on list) is China’s state-owned shipping company. For context, Chinese state-owned enterprises have ownership stakes in terminals at five U.S. ports. See:
I had a student ask me why don’t all those shipping containers have smart technology attached to them? I said I am very certain some do. He asked what %? I was like a deer in headlights, no idea. I guessed & said < 1%. Per this article, I guessed well:
… around 3.6% of the global container equipment fleet was fitted with smart technology devices, representing 30% growth from the year prior. BUT… looking at dry containers, only 0.3% of the global fleet is currently considered “smart”. Educated idiots (professors like me) are great guessers.
Here is some good news:
…the technology so far has been mainly reserved for reefer & intermodal containers, where smart containers represent approximately a third and 40% of the respective global fleets.
… Drewry forecasts the number of smart containers in the global fleet to accelerate rapidly and reach over 8.7 million units in 2026, representing as much as 25% of worldwide box inventories.
I am still shocked by the lack of technology used to manage the supply chain. The two most used technologies: email & excel (huge color coded spreadsheets)…and back and forth emails about spreadsheets.
People want more $ & rewarding work (not paperwork, use technology!) – https://lnkd.in/g7BwX84c
“…most companies’ planning processes are functional, slow and labour-intensive, and that Excel is still the most widely used planning tool.” That is VERY consistent w/ the feedback I get from former students. Predictive Data Analytics (Excel on steroids): I get this kind of feedback all the time…https://lnkd.in/dQABdsXc Do you know how to use Power BI or Tableau? Which does your company use? Is it mainstream? Visualization is huge. https://lnkd.in/gceUgQw3
#1 DISRUPTOR is a SCM technology company (Flexport)! 10 of this year’s Disruptors are from the “logistics” sector! Get ready for the convergence of Logistics + Industry 4.0 + Data Analytics.
Do not be a victim of technology. https://lnkd.in/eKEaPGq and https://lnkd.in/efCCBQ5s
I have repeatedly said a huge part of Industry 4.0 will be taking all the “manual” processes that exist & “automating” them using “technology” so that they get done better, faster, & cheaper.