The multiple waves of cyber attacks that infected corporate and governmental servers across the globe last week reached the freight logistics industry, too. FedEx reported that worldwide operations for its subsidiary, TNT Express, have been "significantly affected due to the infiltration of an information system virus."
Logistics technology provider Teknowlogi has launched its Logistics Expert System (LES) - a logistics supply chain analytics platform that uses artificial intelligence (AI) decision-making technology. The same technology has already been deployed in medical diagnosis and stock trading.
Almost half of online shoppers in the U.S. are now purchasing from international retailers, a UPS study has found. So, while it's no secret that e-commerce is redefining the national economy, this latest information suggests that even borders are under pressure.
In the e-commerce market, smart money remains in cross-border trade - but American businesses are largely missing out, according to tandem reports by UPS.
Criminal organizations that smuggle endangered animals and animal products are exploiting security vulnerabilities at large hub airports, according to a new study conducted in collaboration with the U.S. government, the transportation sector and more than 20 other partners.
This month's WannaCry ransomware attack was the latest chapter in a series of hacks and viruses launched by increasingly sophisticated criminals and hackers. The speed at which the malicious software racked up billions of dollars' worth of damage underscored the vulnerability of data-intensive operations, such as those of global logistics companies.
The recently released Geodis 2017 Supply Chain Worldwide Survey (SCWS) underscored the evolution of supply chains - from the simple delivery of products to "a crucial lever for business performance." Trends such as e-commerce require more specialization than ever, which, in turn, drives complexity, Geodis says.
The gap between the top-performing airfreight forwarders and those at the bottom, in terms of profit margins, appears to be growing wider, and may continue doing so for the next few years, according to results of a recent poll by Descartes Software and the U.S. Airforwarders Association (AfA).