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hightechlogistics · 3 years

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How 3PLs Help Support Same Day and Next Day Delivery Demands

If a business offered same day delivery a few years prior, it would have probably set them apart from their competitors. Today Amazon, Walmart and other ecommerce chains have made same day and next day delivery somewhat of a norm. Surveys show that roughly 80% of consumers would prefer a same day delivery option. This is why many businesses today are choosing to partner with a 3PL to ensure that their customers receive orders as fast as possible.

With a focus on being agile and scalable, 3PL’s have the resources and expertise to support your businesses goals. Their relationships and networks give them the ability to support customer needs while keeping shipping costs down for businesses and customers.

Predictive Analytics in 3PLs

In order to satisfy these customer demands, 3PLs are also relying on data science now more than ever. Businesses today are realizing that to gain a competitive advantage there must be a focus on the picture that the data is painting.

Predictive analytics are helping 3PLs determine where and how much inventory to position at a specific warehouse. The ability to forecast ahead of time what customers will be purchasing allows business to process and deliver orders at an expedited rate. If an item is stocked in a warehouse or hub where the demand is high, the greater the chance it gets delivered quickly. Out of stock rates are also reduced, and carriers can optimize scheduling pickups to be able to get customer their orders in sometimes as little as a few hours. If we use perishables as an example, being able to estimate the amount consumers will be purchasing gives 3PLs the ability to relay that information to suppliers. Instead of your business waiting for a new shipment of bananas to arrive, you would have an accurate amount on hand to prepare in anticipation of impending orders. The customer order that may have taken 2-3 days to arrive can now reach its destination a lot faster.

These results in factors such as an increase in customer satisfaction not to mention a reduction in costs. With more cash on hand, you’re able to reallocate those funds to generate more revenue. These changes can also have a positive impact on investor sentiment.

With the improvement in productivity, your business would also be doing its part in helping reduce the amount of food wasted. Estimates show that 30-40% of the US food supply is wasted which is both an enormous ethical and financial issue for companies. Your approach to addressing this matter preemptively will show your customers that your focus is not only on the bottom line.

3PL Presence in Multiple Markets

The data only goes as far as your ability to execute. You can know what products the market may be in need of, but your business needs to have an established presence there to capitalize.

3PLs have fulfillment centers in central locations to be able to tap into numerous areas at the lowest costs and at the fastest rates. If you have a fulfillment center in a specific region, you can decrease the amount of time it takes for an item to go from your inventory to the customers hands.

For instance, you have a customer in Connecticut looking to make a last-minute purchase for a birthday party they forgot about. With a 3PL having a fulfillment center setup in the north east, it can often commit to same day delivery. Customers do need to submit orders by a certain time to receive it on the same day as the cutoff time may vary by location.

Having a local fulfillment center helps decrease the shipping costs as the customer may be within the same zone as the FC. Carriers often use zoning maps to quote shipping costs which work in the customers benefit when a 3PL is within that zone. This contributes to even lower shipping costs as 3PL’s utilize economies of scale. The high volume 3PLs see make the process more cost effective for all parties.

Combating Shopping Cart Abandonment

Customers desert their shopping carts for a number of different reasons. Surveys show that 25% of customers abandon their carts if a same day delivery option is not available. When working with a 3PL, you maintain the ability to cross off that potential issue that you would have faced without a same day delivery option.

Return policies are a contributing factor when it comes to shopping cart abandonment. Sometimes customers may feel that return policies are opaque in nature which give them a cause to pause. Many 3PLs used cloud-based inventory management systems. These platforms give businesses and customers the transparency they need that contribute to getting them to complete their orders. The efficiency that they provide as well as the visibility that customers have access to make it easier to complete an order.

Last Mile Delivery Specialists

The part of supply chain that tends to get overlooked is what’s known as ‘Last Mile Delivery’. It’s essentially the process of the goods leaving the fulfillment center all the way to a customer’s doorsteps. It can be the most expensive part of the delivery and make up to 28% of the delivery costs. When orders leave a warehouse, factors such as traffic and government regulations that restrict trucks from entering certain area get overlooked. A 3PL utilizes a route optimization plan to combat these issues. This impacts the supply chain for your customers as the delivery process becomes more efficient leading to quicker delivery times. Being able to continue to improve your customer experience is advantageous for any business looking to compete in the new world. That is why as a 3PL, XPDEL maintains its focus on expanding into more markets to establish even more market reach.

Original Source: Xpdel

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sumitsingh8789-blog · 5 years

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In the early 1900s, it was the Luddites smashing weaving machines. These days, retail staff worry about automatic checkouts. Professional drivers are already fretting over self-driving cars and trucks. There is no denying the fact automation has been decimating more and more jobs every year. From supermarket cashiers to postal workers and travel agents, industries and jobs that were considered mainstays barely a decade ago are vanishing rapidly. McKinsey Global Institute predicts that as many as 800 million jobs could be lost worldwide to automation by 2030. In India, 5.7 crore jobs may be displaced by automation by 2030, the report predicts. It is feared that automation could gain further steam in 2018, rendering nearly 70 per cent of the Indian workforce irrelevant. The employment picture Innovation is actually creating jobs faster than automation and technology are destroying them. Entirely new industries have emerged in recent years, creating jobs that didn't exist ten years ago - app developers, YouTube content creators, social media managers and data scientists, to name a few. India is perhaps the most prominent example of this trend. Nasscom, the apex body of the IT industry, said that tech startups, e-commerce, Digital India and digital payments are creating new opportunities for growth. Acknowledging that increasing automation may eat up a section of the jobs, but new areas such as Cybersecurity, Internet of Things (IoT), robotics, artificial intelligence, machine learning etc are creating new job opportunities. Findings from the recent McKinsey report also indicates that for all the jobs that will be lost to automation in the next 13 years, hundreds of millions of new jobs will be created in response to emerging economies, aging populations and technology development. Knock on benefits of tech There are two secondary factors often forgotten or misunderstood, which some economists have long realised. The first is the knock-on benefits that come with higher productivity. Companies are able to invest more, hire more, produce more, lower prices, and consumers are able to purchase more. Perhaps more importantly, there are the secondary jobs enabled by technology which would either not exist or are enabled and multiplied by technology. The gig economy pioneered by the likes of Uber and AirBnB, is a popular example of this. Advanced technologies like AI will spawn new jobs and fears around job losses are misplaced. IT Minister Ravi Shankar Prasad was recently quoted in a media interview, "If a person is not up to date in new technology, then he may have a problem. You have to be tuned to the new technology," he warned. Nasscom identified 55 new job roles and 155 new-age skill that would be required for the future. Big data and analytics are two major areas opening up and are expected to grow eightfold to $16 billion by 2025, with a spurt in demand for business analysts, solution architects, data integrators, data architects, data analysts and data scientists. Data from HR firm Kelly's Services shows a 15% increase in hospitality, 8% increase in retail and an 18% reduction in IT jobs in 2017. Companies in the information technology are realigning and re-skilling their workforce to address this rapidly changing requirement. The changing norms of up-skilling are soon to be followed in other sectors as well thus creating a plethora of new aged jobs. Up the job value and skill chain Technology is also enabling some long-established industries and helping them evolve in the 21st century. The more than a century old direct selling industry, which has produced millions of micro-entrepreneurs around the world was founded on the principles of people connecting with each other. With technology seamlessly connecting people and products across international borders, the industry has exploded in recent years. Malaysian entrepreneur Vijay Eswaran, Executive Chairman of the QI Group, one of those businesses is in direct selling recently commented on this in an Op-Ed on a European policy website. "It is important to remember that technology isn't creating jobs: people are. But the opportunities would not exist without technology. Technology enabled our network of entrepreneurs to go out and sell products to many more people in remote places, making money for themselves and creating income opportunities for people in countries from Ghana to India to Indonesia." Clarissa Shen, COO of Udacity whose revenues stood at $71 million in 2017, also stresses on the need of re-skilling. "People should reskill themselves and go after new opportunities. As a company, we do not want to be complacent and we want to tell people that they can succeed by learning. I have great examples from the largest telecom provider in India, where kids picked up Udacity courses in free Wifi zones in their stores, picked up on skills and ultimately changed their lives by getting engineering jobs that finally helped their families." To sum up, technology innovations are spurring jobs faster than they are destroying them, but the need of re-skilling is a reality that people will need to address to stand against the face of automation. As Justin Trudeau, Prime Minister of Canada in his address at Davos put it: "The pace of change, especially technological change, has never been this fast, yet it will never be this slow again."

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hudsonespie · 4 years

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Rewriting Shipping & Logistics With Technology to Boost Utilization

Capacity utilization and lack of transparency are major challenges for ocean carriers and truckers alike, and that comes at a cost to both consumers and the environment. New transparent marketplaces powered by advanced technology from the capital markets could pave the way for greater efficiency and much needed digital transformation.

When it comes to ocean shipping containers, there is often a mismatch between ship capacity and available cargo. A relatively straightforward supply and demand issue has become an industry-wide nuisance, resulting in lost revenue, unpredictable costs and unnecessary emissions. Goods end up being delayed, companies are forced to carry extra inventory, and entire supply chains are affected. Service failures like these should incur a penalty, but the current nature of the business makes it difficult to enforce contracts. These problems tend to worsen during disruptions, which can cause equipment dislocation and a build-up in cargo sitting idle, causing distress to the entire supply chain.

Similarly, the trucking industry is striving to cut down on the number of empty trucks or “deadhead miles”, which occurs when a trucker drives an empty trailer during the trip to pick up a load. Another issue is partially loaded trucks that do not utilize all the available cargo carrying capacity. Ultimately, non-optimal capacity utilization takes a toll on the economy. It creates unnecessary costs for the entire supply chain while contributing to environmental waste.

The use of emerging technologies and solutions traditionally used by the capital markets can help to address these problems by eliminating manual processes, streamlining operations, adding a layer of trust, improving transparency and providing the ability to share data more securely. In trucking, several digital freight matching platforms are available. Machine learning algorithms are also gaining traction to match trucks to shipments and automatically evaluate billions of load combinations to determine the ideal way to combine shipments.

There are several online platforms in the ocean container segment as well. However, since carriers are using multiple platforms and spreading their shipping volumes across platforms, shippers cannot get a clear and holistic view of availability and pricing as they have to go into several booking platforms to get the best price. Moreover, most of the existing booking platforms allow shippers to book online and perhaps handle invoicing, but they cannot track the entire transaction lifecycle from price discovery to final settlement. The lack of a solution that covers the full lifecycle exacerbates the utilization and transparency challenges for the industry.

Further to this, the COVID-19 pandemic is having a huge impact on trade, and it has added another layer of complexity when it comes to utilization. Personal consumption has declined overall, and consumers across the globe are buying domestically produced goods and having them shipped directly to their home. In the U.S., long haul trips have decreased while local trips under 100 miles have increased by more than 100%, according to research. Ultimately, the shipping and logistics industry has had to adjust to this new reality when businesses are already struggling with time-consuming manual processes and non-optimal utilization rates.

There are many solutions and technologies that the shipping and logistics industry can borrow from the capital markets to solve supply and demand challenges and optimize the supply chain. Marketplace technology is one of them. The most commonly used solutions by shippers generally focus on the supply side of a market – where a shipper asks for a service and is quoted a price. But marketplaces can also bring in the demand side of the equation – where shippers bid for a service by stating the amount they want to pay. This could be a long-awaited disruptive force in the industry.

Shipping marketplaces can aggregate capacity supply and demand, as well as standardize and disseminate market data. As a result, buyers and sellers can participate in price discovery and execute transactions efficiently, which saves time, reduces costs and contributes to sustainability. They can negotiate contracts as equal participants on a transparent market and enjoy a guarantee that all parties comply with agreed terms. Time-consuming manual processes can be eliminated, capacity forecasting can be improved, and overbooking on ocean vessels and running empty trucks can be reduced significantly. Carriers can benefit by boosting revenues, lowering costs and achieving sustainability goals. By ensuring data integrity, the whole supply chain can benefit from greater visibility, transparency and predictability, allowing stakeholders to improve customer service and forecast costs, revenues and time spent on the shipping process.

Technology solutions commonly used in the capital markets can help to streamline and optimize shipping and logistics workflows. Businesses can electronically execute standardized transactions and more sophisticated ones that include renegotiations of transactions, auctions and RFQs. Various data sets across industries, machine learning capabilities and analytics tools can be integrated to better predict future price fluctuations. Blockchain-based solutions can significantly reduce the paper trail and time spent on administrative tasks for supply chain stakeholders while protecting the transactions and decisions on an immutable blockchain.

There is tremendous potential to transform, disrupt and futureproof the shipping and logistics industry, as well as identify new growth opportunities using market mechanisms that allow for real-time negotiation on price. Ultimately, new shipping marketplaces can be structured in several ways. Tapping the best practices, tools and technologies used in other industries, including the capital markets, can help to solve the transparency and capacity challenges endemic in shipping and logistics, increase revenue and reduce costs.

Hanne Johansson is Head of Shipping & Logistics, Market Technology and Ben Haaland is Business Development Manager for New Markets, Market Technology at Nasdaq.

from Storage Containers https://www.maritime-executive.com/article/rewriting-shipping-logistics-with-technology-to-boost-utilization via http://www.rssmix.com/

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ibloggerfan-blog · 4 years

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Automotive Turbocharger Market Size, Share, Trends and Prospects by 2027

The data published in the global automotive turbocharger market report illustrates all-encompassing information related to the market comprising analysis and forecast. The analysts provide the market's historical data from 2015 to 2018, current position, and forecasted growth trend of the global market during 2019–2025. The predictive market evaluation for the forecasted period in terms of value is USD Million and volume is Tons. The analysts employed multiple market research tools and statistical techniques such as PESTEL analysis, Porter's Five Forces, and SWOT analysis for the effectual analysis of the market on a global and regional basis.

The analysts used both primary and secondary resources to collate the information and evaluate the current and forecasted size of the global automotive turbocharger market. The report provides descriptive information regarding the key drivers & restraints that are affecting the market growth along with its demand & supply chain, geographical segmentation, and key market players. Effective data models designed by the analysts are exploited to generate accurate figures related to market size and growth. Comprehensive information about the global automotive turbocharger market share of each dominating player is also published in the report. Besides this, the report portrays the market analytical data in a graphical and pictorial format to make it intelligible.

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Currently, turbochargers have significant importance in the automotive sector. These accessories boost the power and efficiency of the engine. Turbochargers pump more volume of air in the combustion chamber for easy and efficient combustion of inlet fuel.

The key factor strongly propelling the global automotive turbochargers market is the mounting demand and adoption for vehicles with high fuel efficiency and with more compact engines. Furthermore, the demand for energy is escalating at a phenomenal level owing to the rising global population and rapid industrialization, which in turn is likely to bolster the global automotive turbochargers market. Apart from this, the growing demand for fuel-efficient vehicles majorly due to the state-imposed stringent regulations towards CO2 emission is likely to prosper the global automotive turbocharger market.

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The global automotive turbochargers market is segmented based on its technology, fuel type, vehicle type, components, material, application, and region. By technology, the market is bifurcated into electric, double axle, twin-turbo, wastegate, VNT/VGT, and free-floating. By fuel type, the market is categorized into gasoline, diesel, and CNG/alternate fuels. By vehicle type, the market is divided into light commercial vehicles, bus, truck, and passenger cars. By components, the market is classified into compressor, turbine, and housing. By material, the market is segmented into aluminum, cast iron, and other. By application, the market is bifurcated into construction equipment and agricultural tractors. Furthermore, based on the region, the global market is categorized into North America, Europe, Asia Pacific, The Middle East & Africa, and Latin America.

The key players involved in the global automotive turbocharger market are Precision Turbo & Engine Inc., ABB, Turbo Dynamic Ltd., IHI Corporation, Calsonic Kansei, BorgWarner, Bosch Mahle, Delphi Technologies, Turbo International, Hunan Tyen Machinery Co. Ltd., Rotomaster International, Kompressorenabu Bannewitz GMBH, MHI, Ningbo Motor Industrial Co. Ltd., Cummins, Turbonetics, Honeywell, Fuyuan Turbocharger Co. Ltd., Continental, and TEL.

The global automotive turbocharger market is segmented as:

Global Automotive Turbocharger Market: By Technology

Electric

Double Axle

Twin-turbo

Wastegate

VNT/VGT

Free-floating

Global Automotive Turbocharger Market: By Fuel Type

Gasoline

Diesel

CNG/Alternate fuels

Global Automotive Turbocharger Market: By Vehicle Type

Light commercial vehicles

Bus

Truck

Passenger cars

Global Automotive Turbocharger Market: By Components

Compressor

Turbine

Housing

Global Automotive Turbocharger Market: By Material

Aluminum

Cast iron

Other

Global Automotive Turbocharger Market: By Application

Construction equipment

Agricultural tractors

Global Automotive Turbocharger : Regional Segment Analysis

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

U.S.

France

Germany

China

Japan

India

Brazil

Key Features of Automotive Turbocharger Report:

Automotive Turbocharger structure: Overview, industry life cycle analysis, supply chain analysis

Automotive Turbocharger : Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

Automotive Turbocharger size, trend, and forecast analysis

Automotive Turbocharger segments’ trend and forecast

Automotive Turbocharger ’s competitive landscapes: Market share, Product portfolio, New product launches, etc.

Automotive Turbocharger attractiveness and associated growth opportunities

Emerging trends in the Automotive Turbocharger .

Strategic growth opportunities for the existing and new players

Key success factors

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#Automotive Turbocharger Market

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floreneiwlareedz10insurance-blog · 5 years

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Where to go for cheap car insurance for first time driver in Miami?

BEST ANSWER: Try this site where you can compare free quotes :INSURE-HELP.COM

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Where to go for cheap car insurance for first time driver in Miami?

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Where to go for cheap car insurance for first time driver in Miami?

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shenzhenblog · 5 years

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StartmeupHK Festival 2019 - Day 5 Highlights (25 Jan, Fri) - AI & Education

AI & Education looks beyond classic friend-or-foe relationship between AI and humans to explore how technology can make us better humans

On the final day of this year’s StartmeupHK Festival 2019, the AI & Education Conference, hosted by EdTech Asia, went beyond the classic friend-or-foe debate on the role of AI and discussed what would happen to people when AI starts to be integrated into workplace and how we augment what we do with AI. The essential message to emerge was nicely summarised by Diana Wu David, who recently released a new book Future Proof: “AI helps unlock a lot of potential. The future is not about being technical, but to be more human.”

After a welcome by Jayne Chan, Head of StartmeupHK at Invest Hong Kong, Mike Michalec, Founder and Managing Director of EdTech Asia recalled how EdTech Asia started off as a community network and grew into a collaborative learning innovation community across Asia.

Machines can now teach themselves to think

Duc Luu, Chief Strategy Officer of RISE Education told a story of how he turned from a dishwasher on a meager hourly wage into a successful tutor and entrepreneur. He founded The Edge in 2008, an education startup embodying what he believes education should be that rose to become Nasdaq-listed RISE Education in 2017. His advice to others is to choose your investors wisely, identify the total addressable market, examine your business model, and most of all “find your market and plough a truck through it.”

He took a deep dive into three kinds of AI learning style – unsupervised learning, supervised learning and reinforcement learning – along with their underlying mechanisms. At the cutting edge is reinforcement learning, which allows a machine to learn and evolve according to the feedback it receives from its environment as a result of its own actions. The constant improvement culminated in the remarkable defeat of 18-time Go world champion Lee Sedol by AlphaGo in 2016.

AI to eliminate tedious jobs, leaving creative ones to humans

Moderated by Uptin Saiidi of CNBC, the panel that followed saw Daniel Callaghan, Head of Adecco Group X, APAC; Yat Siu, CEO of Outblaze; Juliette Li, Regional Director of Navitas; Yoshi Okamoto, Founder and Executive Director of SHO-zemi Innovation Ventures and Jessica Kennedy White, EdTech Consultant taking education beyond school and discussing the impact of AI on the future of learning and work.

Uptin quoted a recent research report that predicted 50% of jobs will be outsourced to AI in 20 years and asked if the nature of future jobs will become more social and creative, or will we, as a workforce, be more reliant on data to create algorithms. Yat Siu of Outblaze believed that the future jobs would bifurcate – while repetitive jobs will be automated and taken up by machines, the human workforce would gear towards the creative side.

“Tools make it so easy… Everyone can be a photographer. It leads to ‘mass amateurisation’, so instead of having ten people do ten things, we can have one person do ten things,” he said, meaning that AI would act as a liberating force and leave us more time to learn and be more versatile.

Yat Siu’s comment struck a chord with Daniel Callaghan of Adecco Group X, who said: “You can’t fuel this paranoia with doomsday scenarios.” He quoted an unnamed source at the World Economic Forum: “If your child is between five to ten years old today, in 25 years’ time, about 60% of that child will be in a job that does not exist today.”

Unlikely capitalist: Transforming an NGO into a scalable and profitable startup

If surviving and growing a startup into a large profitable company is hard, starting as a non-profit organisation is even harder. Yet, while it may sound next to impossible, it is the natural course of action. “The only way to scale is to go for-profit,” said Steven To, VP Strategy and Operations of Onion Math. Formerly Sunshine Library, an NGO co-founded in 2011 by Yang Linfeng and Zhu Ruochen, graduates of Harvard University and Duke University respectively, the company turned into a for-profit business called Onion Math that provides videos and games to over 20 million students in both rural and urban areas of China to help them learn mathematics.

Having acquired the right users and maintained high quality at scale, while monetising products, Mr. To said the ultimate challenge is to bring educators, programmers and business leaders together to strike the right balance between ‘education’, ‘internet’ and ‘business.’ He said the recipe for success is to understand what lies at the heart of these – namely ‘impact’, ‘user’ and ‘profit’.

In an era of technology, soft skills strive

Next up was a panel discussion on big data for workforce analytics and career guidance with Pei Ying Chua, APAC Team Lead of Economic Graph Analytics at LinkedIn, Candace Cheung, Senior Manager of Strategic Marketing, Hong Kong of eBay and Dicky Yuen, Founder and Managing Director of Venturenix, moderated by Will Greene, Director, Tigermine Research.

LinkedIn manages a huge database covering over 519 million members, 30 million companies, 13 million jobs, 4,000 schools and 50,000 skills worldwide. It analyses all the data to understand the labour market dynamics by looking at the hiring rates, growth of different industries, migration patterns across countries and industries. By identifying the imbalance of supply and demand of talent and skill sets, it helps governments to formulate education policies to plug skill gaps, such as its partnership with SkillsFuture Singapore, a government initiative to help its workforce upskill to meet market needs.

In the private sector, Hong Kong-based Venturenix uses LinkedIn’s data to provide tailored recruitment services and training. By offering scholarships to graduates and placing graduates with potential employers, the company collects a percentage of the fees from the employers, thereby making learning affordable for students and supercharging their careers at the same time.

In addition to hard skills, LinkedIn also tracks soft skills. The company found that although that technical skills are of growing importance, soft skills like communication, leadership and management skills are what make people stand out from the crowd and make career advancements.

Future proofing and being human

Diana Wu David, author of Future Proof, concurred. Future-proofing refers to the process of anticipating the future and developing methods to minimise the effects of shocks and stresses of future events. Ms. David advocates moving beyond knowledge, which may become obsolete one day, to focus on connection and collaboration – what makes us human at the first place. By citing an example of how a recently launched VR-enabled speaking skill training software can help analyse speech pace and attention spent looking at the virtual audience, she illustrated that instead of trying to outcompete robots, we can make ourselves better humans with technology.

“The root of creativity is asking why – why is it the only way… It’s a sad irony that everyone in the tech space is actually repeating the same phrases,” said Jordan Kostelac, Director of PropTech of JLL Asia. He encourages people to embrace critical thinking, adding: “AI and algorithms tend to be more repetitive. Does it mean that doctors necessarily have to stick to the same diagnostics and treatments? No.”

He thought that people should not be worried about their job being taken away by computers. “Tedium is what’s being replaced,” he said. “The ability to repeat things is not the same as intelligence.”

On diversity and equality

A discussion on AI & ethics followed. Rachel Brujis, Head of International Market Development, UK Online Programmes of Pearson, Chris Geary, CEO of BSD Education, Raphael Nolden, CEO of Jaipuna, Son Minh Tran, Director of AI of Topica EdTech Group and Jessica Kennedy White, EdTech Consultant all stressed the importance of diversity and equality in the accessibility of education opportunities.

“Accessibility and costs go hand-in-hand. When you set up an educational organisation, it’s important that you set out your organisation’s mission. For us, it’s to ensure that children have access to digital skills,” said Mr. Geary. He went on to explain that the future of children nowadays hinges on the possession of digital skills. He also warned people not to misuse technology: “If you don’t know what you’re measuring, don’t measure people. Don’t over-measure people by fitting them into summative measures.”

Meanwhile, Mr. Nolden emphasised that it is important for software engineers to get to know the users when designing edtech products: “You might be experts (in technology), but you really know nothing about education. You have to work with teachers all the time, rather than seeing it as just yet another box to tick.”

Greater Bay Area as a global hub for technology

The day wrapped up with Philip Kung, Head of Business and Professional Services at Invest Hong Kong, Edward Chan, Senior Business Development Manager, Mainland and International of Hong Kong Science and Technology Parks and Data Ng, Representative, EdTech Subcommittee of Cyberport Startup Association. The session was moderated by Youssef El Kaddioui, Innovation Partner of Metta, featuring sharing from Bhavneet Chahal, Co-founder of GoSkills, as a beneficiary of supportive government policies in the Greater Bay Area.

Mr. Kung said: “If you want to grow your business, or if you want to commercialise your knowledge, products or services, Hong Kong, together with the Greater Bay Area, can help you achieve your goal.” He added that the most important element of the Greater Bay initiative is the establishment of an integral market. Large corporations, and medium and small startups alike, need to have technology, know-how, capital and vision to succeed. Above all, they have to be in the right market at the right time. Thus, the Greater Bay Area is where the opportunities lie and hence the ideal place for technology companies to set their bases in.

StartmeupHK Festival 2019 – Day 5 Highlights (25 Jan, Fri) – AI & Education was originally published on Shenzhen Blog

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martin9395 · 6 years

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Everything You Should Know About Tampa Commercial Real Estate Appraiser

Industrial building assessment is a mix of art in addition to clinical research. Experienced evaluators collect along with evaluate information prior to making enlightened selections regarding realty worth. The evaluation occupation has in fact developed a collection of well-established analytical techniques; the expense technique, earnings strategy and also sales comparison method. Among one of the most proper strategies rely on the qualities of the subject house.

The price technique is thought of the majority of appropriate for business real estate examinations for reasonably new structures and also special-use structures. Service building evaluators are less most likely to use the rate strategy for older houses as a result of the trouble of precisely calculating the amount of depreciation.

The income approach is thought about most appropriate for monetary investment or profits residential properties. Appraisers collect data concerning the genuine income and expenses for the subject structure, rental comparables, expense comparables, sector expense info, market tenancy, as well as rental market trends. Business building appraiser after that estimates gross possible earnings, other revenue, effective gross earnings, overhead, as well as net operating profits. Web operating revenue is converted into an indicator of market value making use of a conversion facet termed the capitalization rate, utilizing the adhering to formula:

Market price = web operating income/capitalization price. This process is defined straight capitalization.

The earnings technique could likewise be computed using a budget friendly funding analysis. Profits as well as prices are estimated for a duration of years in addition to the resulting yearly capital in addition to gross earnings from a predicted sale of the residential property are marked down to an existing worth utilizing a price cut rate.

Service realty evaluators in addition take advantage of the sales comparison technique to approximate market price. The sales contrast approach is typically thought about a lot of comparable for owner-occupied properties. After getting data connecting to similar structures that just lately offered, the critic makes changes to create an indication of market value for the subject building.

After considering each of the 3 techniques to appraisal and preparing an evaluation for the approaches which are considered ideal, the critic fixes up the signs of value to a last worth judgment. The quality as well as quantity of information for each and every and also every of the techniques is considered when incorporating to a last value final thought.

O'Connor & Associates is the biggest independent analysis firm in the southwestern United States as well as has more than 40 full time employee included long-term in evaluation along with market research tasks. Their expertise includes valuing commercial realty, single-family, service personal effects, business worth, acquisition price appropriation for organisations, evaluation genuine estate tax jobs, partial interest assessment, estate tax evaluation, specialist witness testimony in addition to appraisal for stricture. They have actually carried out over 20,000 commercial realty appraisals because 1988.

To acquire a quote or more info for an industrial residential or commercial property assessment, telephone call either George Thomas or Craig Youthful at 713-686-9955 or submit our on the internet kind.

The evaluation division of O'Connor & Associates is a nationwide provider of monetary investment real estate appraisal services consisting of industrial property evaluations, equal sales confirmation, comparable sales systems of action condemnation evaluations, due persistance, house analyses and also economic investment theories.

All organisation home kinds capitalize on our evaluation options consisting of retirement community, warehouse store, truck terminals, tennis clubs, grocery stores, country clubs, medical workplaces, mini-warehouses, dining establishments, uninhabited lands, skating rinks, neighborhood acquiring, centers, power facilities, vehicle laundry facilities as well as loading station.

Patrick C. O'Connor has in fact been president of O'Connor & Associates taking into consideration that 1983 along with is a recipient of the distinguished MAI classification from the Assessment Institute. He is additionally a subscribed senior property tax expert in the state of Texas as well as has really created countless reviews in state as well as nationwide magazines on decreasing property taxes.

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http://www.cap-val.com/

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iotraj · 6 years

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Internet of Things (IoT) and Logistics Industry 4.0

Internet of Things (IoT) is poised to disrupt every industry digitally and is considered a “given” phenomena due to its ubiquitous presence in accelerating its influence on the way an individual or a society lives, works, communicates, and connects with one another.

The Connected Logistics 4.0 and Smart Supply Chain Management (SCM) in the Industry 4.0 reckons the market worth of USD 41.30 Billion by 2021, a report from the global markets. That said, the Logistics company is facing an unprecedented transformation as digitization is taking hold with ever-growing expectations & demands from the customer.

Like most of the significant industries, logistics & supply chain management is also confronting an immense transformation; and like all disruptions, this brings both opportunities and risks. New IoT Technology, new market entrants, a new set of growing customer expectation, and new business models have pushed the Industry to develop and adapt to address these challenges which could be revolutionary and evolutionary in some way.

IoT technologies promise far-reaching payoffs for the logistics operations and their end consumers and business customers. The IoT technology is extending its benefits across the entire value chain in the logistics world right from operations, warehousing, freight transportation, to last-mile delivery. IoT technologies also enable productivity, higher efficiency, safety and security and more collaborative operating model. They are also reshaping and redefining the marketplace in ways that are only beginning to become apparent.

The currently SCM is undergoing a significant change, right from the drones for online fulfilments, to mobile robots in the warehouses. With the possibilities in Artificial Intelligence (AI), the SCM 4.0 will be self-orchestrated and become completely autonomous. A fleet of trucks using swarm intelligence or algorithms can increase the throughput in the cargo yards; a trusted peer-to-peer ledger on the blockchain architecture could revolutionize compliance in the Industry. The mobile robots or a host of wearables, as well as machine learning, can rapidly fasten and increase the pace of the order fulfillment. Furthermore, the IoT platforms could connect the retailers to transporters and couriers or delivery services with a single click.

Hence, the SCM 4.0 will be faster, leaner and self-orchestrated. This unprecedented pace of transformation will be driven by a few underlying technologies which will be cautiously adopted by the Industry within the next 10 to 15 years’ timeframe. Following are the critical segments where the IoT technologies will disrupt the logistics and supply chain management functions:

1. Customer Experience: Amazon is developing capabilities to cull out spam and build predictive analytics around their consumer shopping behavior. Amazon wants to ship the products even before the consumers know that they want it. Amazon in its patent on “Anticipatory Shipping” has exemplified a strategy to send deliveries to partial street addresses or zip codes and get the products as close as possible to its consumers and then, in-transit complete the address and route to the one who has placed the order. This advanced delivery process will work well for new product launch such as iPhone X. How many people have searched for iPhone X in the recent times? Interest in a product is shown even before the buying decision is made. Anticipatory shipping is the next wave and will come soon; Predictive models combined with next-gen fleets could potentially lead to “Zero” fulfillment time. Amazon has made a significant investment on building robots and drones to focus on cutting down the delivery time and providing the customer with what they want immediately by getting their drones to deliver small packages directly from their warehouses.

2. Traffic and Fleet Management: Autonomous fleet brings in greater efficiency. “Drones” have become the most favorite toy of all the key players in this Industry. Companies like Amazon has launched its drone for the last-mile deliveries which will be an integral part of the small-time delivery mechanism given that the technology is still at a very nascent stage and for it to advance might take next 10 to 15 years. Before experimenting drones the first vehicles to become Autonomous were forklifts.

The development of forklifts was to avoid the travel by man which is time consuming, unproductive to perform tasks within the warehouse. The forklifts called “vision-guided mobile robots fully autonomous” not only addressed this specific problem but also processed orders (pick and onboard for delivery) four times faster than a man. In fact, Amazon has launched its Robotics at the UK fulfillment centers in Dunstable and Doncaster, where the robots will slide under a tower of shelves where the products are stored, lift it and move it through the fulfillment center enabling to get the items to the customer lot quicker unlike in the traditional processes.

The next significant paradigm shift is in the fleets becoming autonomous as well. Rolls Royce has announced plans to launch its autonomous cargo ships or as the Economist called it – “Ghost Ships” by 2030 while aiding or replacing man was the critical criteria. Autonomous technology in material handling for fleets driving the value of autonomy centers for fuel economy and Truck platooning would cut down on fuel costs by 20 percent.

3. E-Brokerage Platforms – Uber of Trucks: Growth in E-commerce coupled with the connectivity of IoT technologies will usher contemporary solutions for logistics and freight firms. The proliferation of digitization in trucking will force the freight brokers to align their business models which is mobile-based, freight brokerage-solution types. Mobile Apps have become critical ensuring a seamless on-the-move brokerage systems also called “Uberization of Trucking.” In the future, the mobile-based freight brokers will be required to develop in-house software solutions by building synergic collaborations or partnerships with the traditional OEMs, freight brokers, and telematics providers/vendors to facilitate this transformation.

For example, imagine a mobile application is incorporated to match shipper rates, truck drivers, schedules, and routes. This advancement is expected to automate various processes concerning the delivery status, load-finding, driver payment, delivery status, apart from sharing critical real-time information on asset tracking or consignments right from pick-up to delivery. In the current scenario, approx $20 billion is lost in revenue due to empty miles or excess capacity issues.

4. Smarter Commerce with Blockchain: Blockchain technology is demonstrating its potentials in generating new innovative channels on how the logistics applications or solutions need to be developed and deployed which means that the technology can emerge entirely as a new operating system for the supply chain networks which combines the software apps with B2B connectivity.

For instance, as a warehouse head who is responsible for the flow of unhindered supply of goods, there might be occasions when the suppliers may fail to deliver the goods on time and undamaged, that might lead to potential disputes that are time-consuming and recourse measures that legally punitive. The blockchain technology will circumvent such scenarios while allowing the individual to define clear terms and negotiate smart contacts with the suppliers the modes operandi and conditions between the two suppliers or parties. While mandating the sensorization of all goods for generating critical information about the status and delivery time of the products.

The implication of blockchain technology is expected a broader reach to track right from the order initiation by the customer to shipment details, creating a visibility within the entire supply chain system which has not been seen ever before and allowing the parties concerned to access real-time status that is accurate from anywhere and anytime that are only going to be viable in the immediate future.

The future of Logistics Industry which I envision and predict are “On the Spot Manufacturing and Anytime, Anywhere Delivery” which will pose a rigorous competition as the manufacturing of the goods may not be required and will be produced right at the place of the purchase eliminating the intermediaries significantly. Please refer to my article on this advancement here

Similarly, if you want to grow a plant, you don’t need to go the market to purchase it. There are techniques like Hydroponics where you can now grow the plants/trees right where you are. Likewise, with 3D printing or additive manufacturing (AM) using patented designs available on the internet you can create products or things right at your home.

To summarize, the IoT transformations in the logistics industry will open for challenging competitions and compelling for a paradigm shift in the business models which will offer an end to end supply chain of integration to aggregation. So, stay tuned to learn more about how the “Logistics and Smart Supply Chain 4.0” will redefine itself.

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(Disclaimer: Please note no part of this blog may be copied or reused or republished or reproduced in any way, except to share using either the share feature of LinkedIn or posting a direct link to this blog. An excerpt from the blog can be quoted while sharing it in an above-mentioned manner. Any other form of reuse must be done only after obtaining an explicit written consent of the author)

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Rajashree Rao (Raj) is an Industry Thought Leader & Visionary for IoT/IIoT/Smart Cities, Digital Evangelist, Speaker, Writer, Mentor, and Entrepreneur. While Raj writes on a wide variety of subjects, her favorite topics are IoT Technologies, Leadership, Women’s Empowerment, and ‘Self.’

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Source: Rajashree K Rao(#IoTRaj)

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#IoT #Block Chain #Connected Logistics 4.0 #Internet Of Thinmgs #IoT Raj #IoT Technologies #IoT trans

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telecomupdate · 7 years

Text

The Future of Logistics: What Technology-Enabled New Business Models Will Transform the Supply Chain By 2025?

Frost & Sullivan hosts a complimentary briefing discussing the new innovations and business models expected to create growth opportunities

SANTA CLARA, Calif., June 1, 2017 /PRNewswire/ --

WHEN:

Tuesday, 20th June 2017 at 9:00 am CDT

LOCATION:

On-line, with Complimentary Registration

SPEAKER:

Archana Vidyasekar, Global Research Manager, Visionary Innovation Group, Frost & Sullivan

Global dynamic urbanization trends have transformed the existing logistics supply chain, increasing its complexity, however technological penetration has enabled simplification of industry processes. The rapid proliferation of connectivity, as well as the increase in start-ups and unconventional companies, is creating new types of services based on on-demand, real time and last-mile delivery solutions. Key new business models relate to app-based and market place models, and online brokerage services that provide aggregated end-to-end visibility across the supply chain.

This is opening new growth opportunities for market players in different areas such as anticipatory delivery arising from predictive analytics and semi-autonomous and fully autonomous applications which will create a new era of freight brokerage services controlled via smart devices. From generating consumer insights to understanding the product flows comprising driver behaviour, shortest routes, and other valuable information, big data has resulted in tremendous cost saves and optimized delivery models.

To attend the webinar, please click here or email Mariana Fernandez, Corporate Communications: [email protected]

"The logistics industry is undergoing a significant business transformation, comparable to when Expedia revolutionized the travel industry with online platforms and achieved colossal improvements in the quoting and procurement of services. New logistics players are now implementing similar business models, providing the much-needed price transparency and seamless service for the freight supply chain. Over the next years, we can expect additional innovative solutions that will reshape the market," explains Archana Vidyasekar, Visionary Innovation, Global Research Manager at Frost & Sullivan.

Discover how these segments are disrupting the market:

New Business Models: Trace the trend of "Uberisation of logistics" based on crowdsourcing and shared economy models.

Delivery drones: Gain an insight into when drones will become mainstream from a regulatory and commercial perspective; also spot how they are being used for last-mile connectivity and enabling new agile business models in the supply chain.

Autonomous fleet: From mobile autonomous forklifts to autonomous trucks, understand why the logistics industry is focusing on this segment.

Data monetization: Identify new ways in which data is being used and monetized to provide anticipatory shipping.

Questions this session will answer:

Which are the major technology trends disrupting the logistics space?

How are these technologies giving rise to new supply chain models?

Which are the implications of big data on the supply chain?

How will sensors, augmented reality, and Internet of Things impact logistics?

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Contact: Mariana Fernandez Corporate Communications – North America P: + 54 11 4778 3540 [email protected]

http://www.frost.com

Read this news on PR Newswire Asia website: The Future of Logistics: What Technology-Enabled New Business Models Will Transform the Supply Chain By 2025?

#Telecom

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autobizupdate · 7 years

Text

The Future of Logistics: What Technology-Enabled New Business Models Will Transform the Supply Chain By 2025?

Frost & Sullivan hosts a complimentary briefing discussing the new innovations and business models expected to create growth opportunities

SANTA CLARA, Calif., June 1, 2017 /PRNewswire/ --

WHEN:

Tuesday, 20th June 2017 at 9:00 am CDT

LOCATION:

On-line, with Complimentary Registration

SPEAKER:

Archana Vidyasekar, Global Research Manager, Visionary Innovation Group, Frost & Sullivan

To attend the webinar, please click here or email Mariana Fernandez, Corporate Communications: [email protected]

Discover how these segments are disrupting the market:

New Business Models: Trace the trend of "Uberisation of logistics" based on crowdsourcing and shared economy models.

Autonomous fleet: From mobile autonomous forklifts to autonomous trucks, understand why the logistics industry is focusing on this segment.

Data monetization: Identify new ways in which data is being used and monetized to provide anticipatory shipping.

Questions this session will answer:

Which are the major technology trends disrupting the logistics space?

How are these technologies giving rise to new supply chain models?

Which are the implications of big data on the supply chain?

How will sensors, augmented reality, and Internet of Things impact logistics?

About Frost & Sullivan

Contact: Mariana Fernandez Corporate Communications – North America P: + 54 11 4778 3540 [email protected]

http://www.frost.com

Read this news on PR Newswire Asia website: The Future of Logistics: What Technology-Enabled New Business Models Will Transform the Supply Chain By 2025?

#Auto

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hudsonespie · 4 years

Text

Rewriting Shipping & Logistics With Technology to Boost Utilization

Hanne Johansson is Head of Shipping & Logistics, Market Technology and Ben Haaland is Business Development Manager for New Markets, Market Technology at Nasdaq.

from Storage Containers https://maritime-executive.com/article/rewriting-shipping-logistics-with-technology-to-boost-utilization via http://www.rssmix.com/

0 notes

hudsonespie · 4 years

Text

Rewriting Shipping & Logistics With Technology to Boost Utilization

Hanne Johansson is Head of Shipping & Logistics, Market Technology and Ben Haaland is Business Development Manager for New Markets, Market Technology at Nasdaq.

from Storage Containers https://www.maritime-executive.com/article/rewriting-shipping-logistics-with-technology-to-boost-utilization via http://www.rssmix.com/

0 notes

hudsonespie · 4 years

Text

Rewriting Shipping & Logistics With Technology to Boost Utilization

Hanne Johansson is Head of Shipping & Logistics, Market Technology and Ben Haaland is Business Development Manager for New Markets, Market Technology at Nasdaq.

from Storage Containers https://maritime-executive.com/article/rewriting-shipping-logistics-with-technology-to-boost-utilization via http://www.rssmix.com/

0 notes