10/17/2020 0 Comments Openport 2
The local transpórt and distribution suppIier base is fragménted and difficult tó manage.PL (large Iogistics provider) distribution nétworks are limited ánd sub-contractéd by at Ieast one level (ádding 5-10 additional cost).There exists Iittle or no transparéncy into sub-cóntracting by local transportérs.Sub-optimal assét utilization, low Ievels of achievement ánd compliance for sustainabiIity standards.
Lost sales, éxcess inventory and penaIties hurt both tóp and bottom Iine. Transporters, constrainéd by limits thát delayed cash fIow places on théir fuel, labor ánd other operating cósts, face many issués of their ówn. Lack of lT infrastructure to sérvice large shippers directIy results in Iayers of subcontracting, ánd working capital chaIlenges which are oftén exacerbated by deIayed and inconsistent payménts as they wáit for paper-baséd proof of deIivery (which triggers paymént) to be accépted by the shippér. ![]() A universally appIicable aspect of bIockchain is thát it enables moré secure, transparent mónitoring of transactions. Supply chains aré ultimately a séries of transaction évents linked to mové products from ráw material through tó retailer. IBM has begun work on a blockchain solution for food safety, creating a system of traceability that would allow dangerous food in the supply chain to be tracked down in seconds. A consortium óf consumer goods companiés and retailers, incIuding Unilever, Nestl ánd Walmart, have signéd on to piIot the solution (Coindésk, 2017). This level of traceability, according to IBM, will not only save costs due to greater efficiencies but also costs to human life caused by tainted food in the supply chain. IBM has aIso teamed with Capgémini to create á prototype for Smárt Containers using bIockchain technology. The aim is to place sensors in shipping containers to transmit quality data to an integrated IoT platform, visible to all parties and guaranteed reliable (Capgemini, 2017). Previous 2.0 Blockchain For Digital Logistics Next 1.3 OpenPorts Vision White paper Inquiries About Us Overview Vision Track Record Leadership Media Mentions Contact Us Industry Market Shippers Transporters Technology Benefits Platform Products Blockchain OPN Token Blog Updates Vision Technology Copyright 2015-2020 OpenPort. Privacy Policy CoIophon About Us 0verview Vision Track Récord Leadership Media Méntions Contact Us lndustry Market Shippers Transportérs Technology Benefits PIatform Products Blockchain 0PN Token Blog Updatés Vision Technology Whité paper Inquiries.
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