Week of January 6, 2019
Linking technology news with Dangerous Goods compliance
2020 is here and technology is poised to continue transforming the supply chain. This is especially true for dangerous goods shippers as they much adapt to the continued growth of e-commerce, evolving consumer demands, increasing regulations and much more.
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.
- Top Trends That Will Reshape Supply Chain and Logistics in 2020: Changes in consumer demands, the rise of e-commerce and fierce market competition have enabled a rapid transformation of the industry.
- How Blockchain Tech is Solving Problems in the Supply Chain Sector: The supply chain industry is challenged with massive amounts of data that’s often siloed, hard to access or difficult to analyze. But there’s good news: even the most basic applications of blockchain technology could significantly increase productivity and profitability.
- A Look at What is in Store for 2020: Technology continues to be the driving force in the supply chain, but it’s evolving. Here are four trends to watch in the coming year.
- What’s Next: AI and Data Trends for 2020 and Beyond: After a year of consolidation and post-hype AI deployment disappointment, here’s what we can expect for 2020 and beyond.
- How 5G May Affect Transportation Industries: The introduction of 5G promises to seriously shake up the relationship we have gotten used to with technology in our homes, workspaces and even on the road.
- Why the New Lithium Battery Test Summary Rules are Nothing to Stress Out About: New rules around lithium battery testing documentation went into effect on January 1st. Here’s what you need to know about the new rules and why you don’t need to stress out about them.
- How Digital Platforms Are Driving a New Era in Transportation: Technology continues to drive a new era in transportation. Learn how it’s transforming the logistics industry and delivering real business value.
- Rising Product Returns Put Pressure on Retailers to Optimize Reverse Logistics: As online shopping continues to increase, so, too, are product returns. To help meet this rising demand for reverse logistics, transportation providers are adding services to simplify product returns for shippers and consumers while also increasing efficiency.
- Supply Chain Management Outsourcing Will Be Ongoing Trend, Says Gartner: New research confirms that the current risk-mitigating trend in the third-party arena will continue this year and 85% of supply chain managers expect that their outsourcing budget will increase in 2020.
Technology & Dangerous Goods Compliance
As a new year (and a new decade) begins, companies are examining the trends and technologies that will impact their businesses (and their entire industry) moving forward. This is especially true in the supply chain industry, which has been transformed in recent years due to changes, and brought with it a new whole set of challenges.
In a recent Entrepreneur.com article, Locus CEO and founder Nishith Rastogi notes, “Technological advancements have strengthened the capabilities and functioning of every element of logistics, right from packaging and labeling to shipment, transportation and last-mile delivery. Changes in consumer demands, the rise of e-commerce and fierce market competition have also enabled a rapid transformation of the industry.”
He goes on to highlight several trends and technologies that will shape the future of logistics in 2020 and beyond, including artificial intelligence, real-time visibility chain and 3PL collaboration. He adds “Digitization and technology advancements will continue to redefine the supply chain and logistics landscape in 2020 and the years to come, streamlining every activity and transforming the way goods travel worldwide.”
In order to drive meaningful value from emerging technologies, and remain competitive in an ever-changing and complex market landscape, companies can’t overlook critical parts of their supply chain operations. Specifically, dangerous goods compliance, which impacts packaging, labeling, documentation, carrier selection, 3PL partnerships and much more. Plus, it’s only becoming more challenging as regulations continue to change and expand, and can have upstream and downstream effects on your supply chain.
If companies want to streamline operations, meet changing customer demands, improve collaboration and maximize their technology investment in 2020 and beyond, they have to make DG compliance part of their overall supply chain and technology adoption strategy.
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.