The global logistics industry is rapidly transitioning to electric vehicles, with electric truck sales increasing by 35% in 2023. Although short-haul and long-haul transport face different challenges, the expansion of charging infrastructure remains crucial. Professor David Seben emphasizes that the decreasing cost of electric trucks makes them an ideal choice for the future of transportation.
This article explores the future of logistics and supply chain technology, focusing on the applications of artificial intelligence and automation in Transportation Management Systems (TMS) and how they drive improvements in business efficiency and effectiveness. Experts share insights on current industry challenges and strategies to address them, emphasizing how companies can leverage technology for transformation and innovation.
The logistics industry has experienced a gap between expectations and reality in the application of AI. While AI has been implemented in specific areas, overall operational transformation still faces numerous challenges. Variations in digitalization levels and real-world constraints make it difficult for companies to fully integrate AI. Establishing foundational work is crucial to achieving the vision for AI.
Founded in 2004, the Busan Port Authority aims to develop Busan Port into a global shipping hub. Despite challenges, it has achieved a container throughput of 21 million TEUs. The authority is enhancing its competitiveness and operational efficiency through infrastructure expansion and the construction of a smart port, striving to secure a leading position in the global shipping industry.
The global shipping industry is facing severe challenges, with China's international shipping market impacted by economic fluctuations leading to reduced exports of manufactured goods and imports of resources. The depreciation of the yuan has not significantly boosted exports, and there is a serious oversupply of vessels amid low market demand, particularly affecting dry bulk and container shipping. Although the oil tanker manufacturing sector has shifted towards energy-efficient ships, it faces competitive pressures due to fuel price volatility. The winter for global shipping extends beyond China, necessitating urgent industry and market structural adjustments.
This article explores the current state and coping strategies for VGM (Verified Gross Mass) charges in the freight forwarding industry. It points out that VGM charges have become an industry-wide phenomenon, with freight forwarders in a weak position when dealing with shipping companies and port areas. Some freight forwarders avoid risks by shifting responsibility to customers. The article emphasizes the importance of freight forwarders balancing costs and ensuring profits while remaining compliant with regulations. It highlights the need for strategic approaches to navigate the challenges posed by VGM charges.
This article explores the significance of digitalization in the modern logistics industry. It emphasizes the necessity for companies in the e-commerce era to leverage technologies such as artificial intelligence, blockchain, and smart transportation to enhance customer experience and operational efficiency, thereby gaining an advantage in a highly competitive market.
This article discusses how artificial intelligence can assist businesses in addressing the challenges posed by climate change on supply chains. It presents five specific methods including forecasting and simulation, data analysis and real-time monitoring, intelligent scheduling and optimization, continuous risk assessment, and collaborative informed decision-making. These measures will help companies enhance resilience and promote sustainable development.
The 2025 Supply Chain Outlook analyzes three key factors: the Chinese New Year, economic growth, and external dependencies. It explores how to tackle challenges and seize opportunities to assist companies in formulating effective logistics strategies.
This article explores effective methods for companies to enhance financial resilience in response to tariff changes by redefining warehousing and inventory management strategies. Key areas include transit strategies, selection of push-pull models, multi-channel inventory management, the significance of bonded warehousing, and the importance of selecting strategic warehousing locations.
