In a speech addressing Congress on May 8, Douglas Maughan urged the US to lead the way on blockchain development by calling it the “technology of the future.” As the Division Director of Science and Technology for the US Department of Homeland Security, Maughan met with the House Committee on Science, Space and Technology to highlight the benefits of blockchain in business applications--particularly in shipping, logistics and customs--with an emphasis on supply chain management.
Nothing in business is certain, especially in one as highly competitive as transportation and logistics. To stay viable, companies must continuously adapt and keep technology current to meet new challenges and opportunities head on.
In 2018 and beyond there will be plenty of both. Here are a few emerging technologies and trends that will likely become part of your playbook during the next year or two.
Transportation brokerage is all about relationships—and that means it’s also about communications. To match loads with the right capacity and make sure all the details of a shipment go well, you must find out as much as you can about the needs of both your shippers and your carriers.
Transportation has yet to experience any major transformation from Blockchain, yet certain blueprints and ideas keep flowing from published articles. There seems to be no end in sight for the changing price of a Bitcoin, and new cryptocurrencies seemingly emerge every month. Is there a permanent home for cryptocurrency and its underlying Blockchain technology in Transportation?
When Blockchain was introduced to me by Timothy Leonard, CTO at TMW Systems, I immediately thought of a Lego set tucked away in my son’s closet. As I listened and researched, I quickly learned that my initial analogy helped my financial mind understand a very complex technical concept.
Ten years ago, the iPhone took nearly 200 years of technological progress in communication and put it the palm of your hand. Apple essentially boiled down the history of electric machines used for communication that began with the telegraph and evolved into the internet, and reduced to a small, sleek gadget that one could operate with a fingertip. Ten years later, the smartphone is probably the most widely-used communication object on the globe, but one day, and it will be sooner than you think, we’ll view smartphones in the same way we now think of fax machines and car phones, which seemed fairly revolutionary in the 1980s.
We’re a mobile society. As we approach the end of this decade, mobility means no longer being tethered to a desk. From the dock to the coffee shop or at a truck stop, trucking mobile apps are changing the ways of our workforce.
TMW had the fortune of publishing observations from ten important guest bloggers. Each has expertise in areas that matter to the transportation industry. Each brought new or differing perspectives to our readers. Did you miss one? Take a closer look at the key topics, which include technology and its role in: Capacity, Driver Shortage/Recruitment, Network Analysis, Customer Satisfaction, Cash Flow and more. Read one, some or all for wide-reaching views telling more of what’s going on around us.
Staying competitive in today’s building materials industry is a never-ending challenge. Meeting customer expectations, controlling costs and managing inventory during fickle construction market cycles are key to staying ahead of one’s competition. These are perennial challenges, as vital to the operation of lumber yards of old as they are to suppliers today.
With few exceptions – the most notable being a vehicle braking system – friction is not a good thing.