The trucking industry moves more than 70% of America’s freight, and gross freight revenues from trucking exceeded $726.4 billion in 2015, reports TechCrunch. Today, shippers are demanding more availability, time and capacity, and truckers are struggling to meet these demands. In response, the value of a blockchain trucking platform will grow, and according to our
Shippers have traditionally turned to third-party logistics providers (3PL) to augment their logistics strategies. However, recent developments in the supply chain and globalization of the supply chain have triggered a surge of value-added services. Instead of merely providing logistics management and expansion of available capacity, today's 3PL offers a whole host of additional services, including
Near the end of 2018, Walmart announced it plans to raise trucker salaries to approximately $87,500. That is in stark contrast to the current median clocking in at roughly $44,281. Now if your first thought is to quit your job immediately and apply to drive for Walmart, I don’t blame you. The salary is impressive,
It’s easy to get caught up in the hype over blockchain. When it comes to supply chain, the vast promises of renewed visibility and traceability are abundant. While there is much truth to the hype, it is important to stay practical and understand the logistics applications of blockchain and what they mean for you and
Shippers everywhere face an uncertain future. The constant threat of a trade war and increasing consumer demands have pushed existing operations to their breaking points. Customers want information and visibility at any given time, and any misstep in the supply chain could result in permanent losses to profitability, productivity, and efficiency. The situation leaves very
There is a problem with food and drug supply chains. In the last few years, numerous recalls have occurred following the identification of cancer-causing chemicals in medications, and foodborne illness outbreaks, including the E. Coli Romaine lettuce recall of Thanksgiving. These recalls make one thing clear: there needs to be better traceability in the supply
Blockchain technology is a major disruptor in the supply chain. It stands to change the game as we know it by giving companies a better way to ensure traceability throughout vast supply chain networks. In order to properly disrupt the supply chain of today, you need to know everything there is to know about it.
Blockchain and logistics have been a major talking point for supply chain leaders since the creation of Bitcoin. The technology holds great promise for the supply chain and logistics industry by creating an incorruptible and easily distributed resource for shippers and carriers to streamline productivity and ensure all operations continue unimpeded. However, the necessity of
People cannot improve on what they do not understand or know. This statement applies to shippers as well. While this comparison is most commonly associated with benchmarking, it is also part of the reason why more people in the shipping industry are turning to blockchain for supply chain management (SCM). Blockchain SCM is poised to
The inception of blockchain technology for use in logistics and supply chain management represents one of the most significant innovations in the industry. Blockchain is a technology that stores incorruptible blocks of information; in logistics and supply chain management, it has the potential to eliminate inaccuracies and hold all supply chain entities accountable. In the
