Overview
The logistics industry is huge, worldwide and critical to our global economy. The industry consists of transportation, warehousing, logistics and technology companies that move goods (physical assets) from producers to consumers.
The industry has grown rapidly in size and sophistication as supply chains became bigger and more demanding. Block chain is one of the technologies that may provide the next advancement in connectivity, speed, transparency, security, productivity and cost savings for the logistics industry.
There are countless areas where block chain technology could drive improvement in the logistics industry, but none bigger than the truck driver shortage so we can use it as illustration.
Shippers are finding it difficult to find carriers and drivers to transport their freight. According to American trucking association, there are 1.5 million trucking companies employing 3.5 million truck drivers. 90% of these companies have six trucks or fewer. Even with all the advancements that have connected the shippers, 3PLs, brokers, carriers and drivers, it is still a big, relatively, disconnected industry.
With block chain and distributed ledger technology there is an opportunity to connect the industry, reduce friction and the cost of doing business. Ideally, block chain could connect the shippers, 3PLs and carriers in a way that maximized efficiency. Shippers would have a more reliable, network of carriers /drivers and carriers would benefit from greater utilization of assets (full trucks, backhauls, etc.). The benefits would result from the nature of block chain and distributed ledger technology, which results in increased transparency, security, efficiency, traceability, speed and cost effectiveness.
Why should you Attend
Block chain technology can provide the following benefits to the supply chain and logistics industries:
Excellent Transparency -Information is visible to all and can't be changed even by the creator of block chain, which will improve auditing, billing accuracy and shipment tracking
Robust Security -resilient to all sort of cyber attacks
Better Traceability -products can be traced from farm to fork
Increases Speed and efficiency for Blockchain -information is available to all stake holders instantly, which will aid in shipment tracking, auditing and planning
Reduced Costs -No intermediaries, direct buyer and seller contact along with fewer people doing manual entry
Areas Covered in the Session
Block chain basics
History
Definitions
Distributed ledger technology
How it works
Block chain advantages
Security
Traceability
Transparency
Speed and efficiency
Applications for Block chain in Logistics
Trucking
Freight forwarding
Warehousing
Supply Chain Management
Who Will Benefit
Sales and Marketing Managers
Supply chain Managers
Operations Managers
Owners and Top Executives of Logistics and Supply Chain Companies
Owners and Top Executives of Warehousing and Distribution Companies
Transportation and Logistics Managers
Supply Chain Consultants
Purchasing and Procurement Managers
Buyers
Owners and Top Executives of Import /Export Companies
Owners and Top Executives of Transportation, Logistics and 3PL companies
Safety Managers
Compliance Managers
Speaker Profile
Joe Lynch is the founder of The Logistics of Logistics, a logistics training and consulting firm. Joe specializes in helping logistics and transportation companies grow their sales. Joe also works with manufacturers, retailers, distributors and wholesalers to select and manage their logistics providers (3PLs, brokers, carriers, etc.) Joe’s significant experience in logistics and supply chain has given him unique insights into the challenges and opportunities facing companies that outsource some or all of their transportation and logistics functions.
Contact us today!
Joseph Wilcox
Traininng.com LLC
[email protected]
Phone:
US: (510) 962-8903
Zurich: +41 - 43 434 80 33
https://www.traininng.com
https://www.traininng.com/webinar/block-chain-transformation:-understanding-the-impacts-and-applications-in-the-logistics-industry--200426live?ticketleap_dec_2018_seo