Week of February 03, 2019
Linking technology news with Dangerous Goods compliance
Technology helps drive business forward – that’s why companies continue to invest in the cutting-edge tech innovations that will shape the supply chain of the future. But dangerous goods shippers cannot afford to overlook the solutions that impact their operation today.
To help companies keep a pulse on technology trends impacting business and the movement of dangerous goods throughout the supply chain, Labelmaster has launched “Supply Chain Moves,” a weekly report linking the latest technology news to dangerous goods compliance.
Let’s examine the recent supply chain technology and industry news.
TECHNOLOGY
- Taking Stock of Inventory Management Battleground: Competition is heating up among technology providers to supply retailers with cutting edge solutions that can help them improve inventory management and potentially eradicate out-of-stocks.
- 10 Enterprise IT Transformation Trends to Watch for 2020: Verizon shares its insights on the potential technology drivers that may reshape industries this year.
- Is the Supply Chain Ready for Blockchain? Not Yet, Says Gartner: Despite the retail sector being hellbent on investing in blockchain technology, Gartner says we won’t see its real impact on the supply chain for a few years.
- Cloud-based SCM Services Provide Cross Supply-Chain Connectivity and Visibility: ERP suites can’t easily collect, aggregate and analyze supply chain data. But the answer lies in a cloud-based supply chain solution that enables collaboration, visibility, planning, and execution between partners.
- Meeting E-commerce Expectations with Automation: As online retailers shape consumer buying behavior by offering customized goods, manufacturers are turning to technology suppliers and machine builders to add flexibility into production, packaging and supply chain processes
3PL TECH
- Three Track-and-Trace Techniques for Better Transparency: The highly fragmented nature of international shipping demands greater levels of supply chain transparency.
- Global Transport Solutions Launches 2020 Buy and Build Strategy with Airspeed: Global Transport Solutions completes the acquisition of 3PL Airsped Logistics.
- TMS Vendor InMotion Global Links Platform with Parking Space App: Deal between AscendTMS and TruckPark allows dispatchers to text parking locations to drivers before their hours of service expire.
Technology & Dangerous Goods Compliance
Organizations want to see greater returns on their technology investments and transformation efforts. This was a key focus in InformationWeek’s article listing trends in enterprise IT transformation that Verizon foresees may take hold in 2020.
According to Michele Dupre, group vice president of retail for hospitality, travel, and distribution for Verizon, CIOs need to think about how they will approach the next phases of their operations while addressing their current business needs. She states, “How do they plan for today, based on either the investments they’ve already made or investments they need to make in the near-term that need to be foolproof for three years down the pike? That’s key to setting the right strategy.”
Verizon sees technology shaping 2020 for companies in a variety of ways – from better managing uncertainty, and improving the customer experience to more effectively accessing and utilizing large amounts of data. All very real challenges for organizations today, regardless of size or industry.
But one trend that stood out was the first one on the list – Back to Basics on Tech Investment. Verizon foresees a return to investing in technology that meets basic and core needs within organizations. Dupre states, “A few years ago, this was all too expensive. But now, we can deploy tech to help make life easier, save time and focus business operations on the personalized needs of the individual.”
Dangerous goods professionals know that compliance is central to maintaining a safe, secure and efficient supply chain. Unfortunately, their companies often still rely on manual process for compliance or have insufficient technology – negatively impacting their operations, minimizing other investments and putting their business at risk.
So while compliance may not appear on any 2020 trends lists, it will have a greater impact than most people realize. Companies looking to invest in technology in order to improve business performance, better serve customers and gain a competitive advantage must not overlook this “basic” yet critical part of their operations.
To learn more about dangerous goods software or how to better collaborate with your supply chain partners, visit https://www.labelmaster.com.
Have questions about dangerous goods transport? Call the Labelmaster Regulatory Hotline at 1.800.621.5808.
Labelmaster’s Dangerous Goods Information System (DGIS) is the leading SaaS solution to help companies more efficiently and accurately manage their Dangerous Goods shipments. DGIS validates your Dangerous Goods shipment data against the latest regulations, ensuring a more efficient supply chain and reducing friction found in Dangerous Goods shipments. DGIS is a certified partner/validation solution with ERP, transportation and warehouse management systems.
