To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics and Supply Chain ..
But once you are involved in the business or know about these businesses, you will very soon understand that these are very different industries with different workings, assets, architecture, requiring very different sets of qualifications, experience, expertise, knowledge and attitudes..
In this article I unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected..
Logistics, a word widely said to have originated from the military ranks centuries ago is currently on the cusp of technological and digital changes with solutions that promise to transform every sector in logistics, be it driver-less trucks, automated warehouses, blockchain enabled documentation etc..
However there is a grouping of people handling logistics distribution that does not seem to require these advances and have been handling logistics in the same effective way since 1890..
This service has been given a Six Sigma rating by Harvard Business School which means the service makes fewer than 3.4 mistakes per million transactions which translates to around 400 delayed or missing deliveries in a year..
A supply chain is defined as an end to end process involving a network of people, resources, activities, organizations, technology, information, etc. that provides a path to the movement and, the flow of goods and services from the supplier to the end-customer.
Now, this doesn’t sound troublesome when it’s carried out at a smaller level. But imagine, what it would be like for the companies and organizations having a business that is spread across multiple countries.
But blockchains can help in improving Supply Chain Management and here’s how..
The world of shipping and logistics never rests.. It is one project after another.. And when it comes to one of the world’s most expensive sports, the F1 races, logistics efforts and requirements goes up several notches equalling the sounds of the reverberating engines..
This article details the efforts and processes followed by Renault’s F1 logistics team to get their machines to the racetrack, in time, in good shape and condition..
For many logisticians, this could be as thrilling (if not more) than the race itself..
We talked with FreightHub co-founder Michael Wax about What his company is doing to establish itself as an active partner to shippers, and what the ideal forwarder-shipper relationship should look like.
There I was, at a Careers Evening at a prestigious High School in Johannesburg representing a prestigious institution that offers an internationally recognised education programme covering Shipping, Logistics, Transport Economics among others..
Along comes Polly* (*not her real name) a bright eyed and bushy tailed aspiring Matriculant..
I go “Hello there, can I interest you in a Shipping & Logistics course”.. She goes “Logistics, what’s that ?”..
Are there any advantages to using a 3rd party logistics provider.. Paul Mckergee the guest author of this article seems to think so and explains why.. What are your views..?? SUMMARY: 3rd party logistics providers offer many benefits to their customers such as enhanced tracking and monitoring of shipping containers, integrated transportation and storage systems, and increased efficiency due to … Read more here..