Week of February 18, 2019
Linking technology news with Dangerous Goods compliance
Technology innovation continues to change how we do business. For companies that handle dangerous goods, technology adoption and integration is critical in order to effectively and efficiently comply with complex regulations and maintain a smooth, safe and secure supply chain.
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.
TECHNOLOGY
- The Next Era of Globalization Will Be Shaped by Customers, Technology and Value Chains: Tariffs and trade wars are causing CEOs to lose sleep. In fact, one-third of respondents to a recent McKinsey survey said that uncertainty over trade policy is their greatest concern – and three-quarters of all companies say their global investment strategies are changing as a result.
- How to Augment a TMS for Supply Chain Intelligence: Enhanced supply chain intelligence has become a requirement for shippers to survive and thrive. However, companies are using a TMS not supportive of today’s automated features like tracking and settlement.
- Ultra Consultants Publishes Report on the Implications of ERP Implementation: Choosing the right solution and successful implementation can be challenging, yet according to a recent survey, 67% of manufacturers and distributors are satisfied with their ERP implementation.
- How an Effective WMS Provides a Head Start in the Space Race: Uncertainty over Brexit continues to wreak havoc with supply chain planning and competition to hoover land for extra warehousing is reaching fever pitch. As a result, retailers are increasingly looking at how they can make the most of what they’ve got, by using up every inch of existing warehouse space.
3PL TECH
- Emerging Technologies in Managed Transportation: From machine learning and blockchain to real-time visibility solutions – new and innovative technologies continue to dominate the headlines. But what impact are they having on transportation managed services?
- Ryder Disrupts E-Commerce Industry by Enabling Manufacturers to Go Direct to Online Consumers: Ryder System announced an e-commerce fulfillment solution that offers an alternative to third-party marketplaces by fulfilling orders of manufacturer products direct to consumers.
- Here’s How Data Analytics Can Help Improve Last Mile Logistics: The growth of companies delivering their products directly to customers has made last mile logistics more critical than ever. How can data analytics help to improve last mile logistics?
- Descartes Completes Acquisition of Management Systems Resources: Descartes Systems Group has completed its acquisition of Management Systems Resources, helping customers better navigate international customs.
Technology & Dangerous Goods Compliance
In today’s challenging, hyper-competitive business environment, more and more companies are looking to implement (or upgrade) their supply chain systems in order to improve efficiency, increase visibility, reduce costs and more. While most of the attention (and budget) is given to things like enterprise resource planning (ERP) software, warehouse management systems (WMS) and transportation management systems (TMS), critical parts of the supply chain are often ignored. One such area: dangerous goods (DG) compliance.
Despite modern technology advancements in all areas of the supply chain, many companies still rely on manual processes to handle dangerous goods compliance – even if they use software to prepare shipments in the first place. According to Labelmaster’s 2018 Global Dangerous Goods Confidence Outlook, 28% of DG professionals are still doing everything manually. This translates to searching regulatory publications by hand to find the latest rules related to packaging, labels
But simply using some sort of technology doesn’t automatically mean your compliance infrastructure is adequate to meet current (let alone future) needs. In fact, 15% of those surveyed believe their company’s infrastructure – and ability to quickly adapt to regulatory and supply chain changes – is “lagging behind the industry,” 65% said it is “current, but need updating” and 21% believe it is “advanced – ahead of the industry.”
Compliance can have a significant impact on the supply chain, and not having the adequate infrastructure and processes in place can cause supply chain delays, decrease efficiency, hurt customer relationships and put your company’s reputation and bottom line at risk – ultimately diminishing the value gained from investments in your other operational systems.
What investments have you made to ensure an efficient supply chain?
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.
