Blockchain gained popularity thanks to Bitcoin, the first decentralized cryptocurrency to gain prominence after its launch back in 2009. In November 2018, Bitcoin took a 37 percent nosedive, lowering the market value of cryptocurrencies by $70 billion. In 2019 alone, Bitcoin has undergone several more startling drops—most notably a $16 billion drop in a 24-hour period in January and another huge crash that took only an hour on February 24,, 2019, among Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies.
At a time when trucking capacity is scarce, unpredictable new tariffs are affecting imports, and many suppliers are pushed to capacity, shippers must take advantage of every conceivable way to optimize their supply chains. Through a focus on optimization, supply chain stakeholders can take steps to mitigate volatility and the ever-increasing costs associated with their shipments.
Transportation management systems (TMS) were once a luxury technology solution reserved for Tier 1 ($100 million +) shippers and large third-party logistics (3PL) providers and transportation brokers. Hosting a TMS on-site or renting space at a server farm also meant making significant long-term commitments and investments in development and infrastructure.
Transportation Management Software (TMS) was once considered a solution for gigantic retailers or large CPG brands, but that’s no longer the case. Shippers and intermediaries of all sizes can benefit greatly from the increased functionality and simplified processes offered by a TMS.
U.S. transportation infrastructure is in bad shape, and logistics professionals are left wondering how much longer it can support the needs of the American supply chain. Government officials have spent years kicking the can down the road, but now the road is crumbling away.
While we don’t often think of it, the supply chain consists of more than just logistics activities, such as transportation, distribution, or warehousing. Marketing, finance, manufacturing, customers, and countless other internal and external factors each create a unique supply chain link. Often, these links operate in their own silos with very little input from the others. But that’s all going to change.