The Indian Railways has set a new record for freight business output in the financial year 2022-23, with a 7% increase in freight loading compared to the previous year. The freight transport unit of the Indian railways also grew by 10% to reach 903 billion NTKMs in FY 2022-23. The railways achieved an incremental loading …
Indian Railways records highest ever freight loading in FY2023 Read More »
The logistics and supply chain management industry is continuously evolving to meet the demands of businesses and individuals alike. Two news articles from Logistics and SCM India showcase some of the latest developments in this field. Gati has relaunched its Student Express service as part of its extensive transportation network across India. The service aims …
The use of RFID technology in supply chain management. The first article states that the RFID market is projected to reach $35.6 billion by 2030, with continued relevance in the supply chain landscape due to its ability to support product tracking and inventory management. The six examples of how companies are currently using RFID in …
Why RFID for supply chain management is still relevant Read More »
The Digital Supply Chain market is gaining momentum, aided by eight key technologies such as AS/RS technology, intralogistics robots, IoT track and trace, AI-enabled software, and supply chain digital twins, according to new research by IoT Analytics. These technologies are helping to make global supply chains more robust. The Digital Supply Chain market is beginning …
8 key technologies transforming the future of global supply chains Read More »
The article highlights the increasing use of AI and IoT-powered robotics in supply chain management to automate mundane, routine, and hazardous tasks. With the logistics sector gradually recovering post-pandemic, the adoption of robotics has surged, especially in small-scale industries. Supply chain executives have turned to robotics to enable efficient distribution, rapid sorting, and labor assistance, …
Using AI and IoT-powered robotics in supply chain management Read More »
The IoT technology can bring benefits to the supply chain industry, which has faced several challenges due to the pandemic, such as labor shortages and material scarcity. IoT technology can provide better tracking and monitoring of goods, increase efficiency and cost savings, and improve communication among supply chain stakeholders. The article emphasizes the potential of …
IoT in Logistics and Supply Chain – Benefits, Use Cases & Challenges Read More »
ChatGPT’s capabilities have been highly promising in numerous sectors, from healthcare to finance. Now, it has the potential to transform the supply chain industry. By facilitating precise demand forecasting, enhanced inventory management, and optimized supplier relations, ChatGPT can improve the overall performance of supply chain operations. Despite its potential, challenges such as data quality, privacy …
How Startups Can Leverage ChatGPT To Optimise Supply Chain Management Read More »
Supply chain management is constantly evolving, and embracing change has become essential for staying relevant. The author explores how ground-breaking innovations such as the Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning (ML), Advanced and Predictive Analytics, Cloud Technology and Cloud-based Commerce Networks, 3D Printing, and Digital Supply Chain Twins impact the supply …
Supply Chain Management: The Game-Changing Innovations That Are Shaping the Industry Read More »
Blockchain technology can increase transparency, security, and efficiency in the supply chain. Some of the top uses of blockchain in the supply chain include transparency, product authentication, quality control, finance, smart contracts, inventory management, reducing paperwork, food safety, compliance, and sustainable sourcing. The article also highlights some of the most popular blockchain-based supply chain platforms, …
Chinese researchers from East China Normal University (ECNU) have developed a digitalized container sealing technology that uses QR codes or NFC to simplify global container transportation. The International Organization for Standardization (IOS) in Geneva, Switzerland, has officially released this technology as an international standard. The digitalized container seals are embedded with QR codes or NFC …
Digitalized container sealing streamlines logistics operations Read More »