The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.
Despite the challenges higher fuel costs bring to industries, few companies have made significant efforts to address the issue. Fortunately, there are ways to mitigate the worst effects of the cost burden.
While for some companies the concept of digital twins may be new, others in the manufacturing space have been using them for years now, proving not just their effectiveness, but also their ability to drive innovation in an increasingly competitive economy.
Cybersecurity risks are rising fast, and it’s not enough for you to secure your data and IT systems within the four walls of your enterprise; you need to make sure your suppliers are not exposing you to attacks as well.
As the U.S.’s largest ports in California moved record amounts of cargo amid pandemic-induced supply chain bottlenecks, union dockworkers strengthened their indispensable role in the nation’s logistics network.
Disruption caused by the pandemic has served as a "rude awakening" among top executives about the need for new technology to create true visibility across international logistics, says Adolph Colaco, founder and chief executive officer of e2log.