Big data has leaked into every corner of the corporate world, turning each niche into something bigger, bolder, and faster. Transportation and logistics are no different. 98% of surveyed 3PLs say that digital decision making is essential to their supply chain success, and 81% of shippers feel the same. Data-driven logistics & supply chains can access a massive range of data sources from traffic and historic weather systems to financial forecasts. Moving products from a to b is a rudimentary approach that’s simply not enough in today’s digitally-driven universe. Today’s clients expect more.
The fictional Phileas Fogg once challenged himself to travel around the world in 80 days; a number that’s decidedly uninspiring in this rapid-fire decade. Logistics companies and manufacturers can now optimise supply chains using data taken from GPS devices, sensors, and log files. Each resource can create small data sets from traditional information, including traffic, weather patterns, social media information, and website browsing patterns. That’s why automation can achieve a level of efficiency that was never possible before, affecting warehousing, manufacturing, and last mile delivery. Logistics & supply chains are only as predictable as the weather. You need to understand your client preferences, rises and drops in demand, and even parking available if you’re to succeed.
Your web design logistics are at the core of your data quality and effectiveness. A site that excels can measure the performance of your supply chain while simultaneously generating reports complex enough to churn out new information. Your site will need to optimise flights, distance, weight, and even CO2 emissions, all while looking elegant and establishing first-page Google rank. Which freighter will handle your freight weight without reducing last-mile efficiency? Which routes can overcome traffic congestion without inconveniencing consumer schedules? Which ones aren’t snowbound during winter and flooded during spring? The answers are easier to find than you might imagine. Thanks to the immense pile of existing data, blockchain for supply chains is transforming the industry. The technology can work with hundreds of stages and thousands of global locations while ensuring that you function ethically.
Blockchains are known for their involvement in cryptocurrencies, but they’re little more than digital ledgers that can track contracts and exchanges. Their ability to record transactions across various ledgers makes them impressively transparent and scalable. They offer a built-in chain of command, which translates into reliable supply chains based upon consensus. Everyone involved uses the same ledger. Of course, they also make fund transfers possible on international soil, and if you want to pay suppliers with Bitcoin, that option is available, too. Ten-pound gorillas like Walmart and Nestle have harnessed blockchains for this purpose already, and so should you. Like an infinity circle, blockchain returns to the beginning, recording new data to further improve your freight forwarding strategy.
Blockchain for supply chains can track freight from the moment of its creation to its delivery. That gives the product an incredible degree of integrity, so De Beers has harnessed blockchains to prove that it only delivers genuine stones and that each delivery is tamper-proof. Time delays and human error are obliterated, leaving a pure and detailed supply chain that can be analysed and improved upon. In short, blockchains secure data quality at every stage of your route.
Cocoonfxmedia Ltd noticed that its reporting systems were insufficient and resource-heavy. Every tiny piece of data had to be manually sourced, often with freshly created formulas. It’s since moved beyond its original formulas, offering logistics websites with potential analytics to cover every node. By understanding how data works, it has applied its 13 years of experience to its freight forwarding and logistics solutions, delivering responsive websites that are tailored specifically to your company. Of course, understanding how data works isn’t enough. Your site must load quickly, be accessible to multiple devices, and be easy to maintain. Cocoonfxmedia Ltd develops advanced websites with functionality that’s as elegant as its form. Logistics and transportation must integrate e-commerce and SEO, too, particularly if you’re using blockchain technology to record and generate new information. Your typical 21st-century client wants to know all about their cargo, tracking it from node to node while receiving a transparent breakdown of transportation costs. Blockchain achieves that in one fell swoop.
Your wider network cannot be tailored or enhanced unless you have enough big data to optimise each node. 49% of consumers would shop more if they received same-day shipping. Today’s buyers want instant ownership, so logistics must adapt to this impatient ecosystem. Data makes this possible by anticipating rises and falls in demand while preparing for other unexpected hurdles. It can highlight new risks, optimise routing, and alter supply chains according to weather and financial forecasts. Self-learning systems can even notice trends and raise new orders.
In recent years, supply chains have transformed utterly, and omnichannel revenue management has become the norm. This makes it decidedly difficult to understand whether your profitability and order flow paths are serving you well enough. You need to know your true costs and the best practices that minimise them. Global networks push that challenge even further while the world speeds by at breakneck speed. More and more logistics managers are turning to data as the solution to these and other problems, so the hype around digital technology won’t diminish in the foreseeable future. The digital world is constantly dishing out a massive influx of data. Only refined metrics, software, and analytics are good enough. Data-driven choices are improving with the quality of the information itself, streamlining your choices and amplifying your profits. This way, you can manage your strategy using real insights and control, delivering your product with pride.