Connect with us

Reports

Whether Shipping by Planes, Trains or Automobiles, the Future of Freight is Evolving

Published

on

With growing eCommerce, shifting trade patterns and infrastructure constraints, three key pillars will likely underpin the next-generation supply chain — connected community, holistic decision-making and intelligent automation.

Significant disruption within the last-mile of delivery is growing imminent. Through 2018, global last-mile startups raised $3.9 billion in funding, up from $454 million in 2016. New entrants are looking to capitalize on gaps between rising expectations and current network limitations with a growing array of emerging channels, focusing on crowdsourced delivery, new collection point networks and smart lockers.

The horizontal partnerships and digital freight platforms connecting larger stretches of the global value chain signal the rise of connected community, an expanding layer of digital connective tissue forming across the highly-fragmented ecosystem.

Global movers are harnessing a mix of connected transportation, cargo and warehouses to evolve traditional, linear supply chains into dynamic networks capable of holistic decision making.

Foundations of a touchless supply chain are now visible, as autonomous operations begin or enter pilot phases at every stage of the movement of goods value chain, ushering in an era of intelligent automation and the collaborative power of human and machine in logistics.

Why this matters
Deloitte analyzed strategic innovation among forward-thinking players across the global movement of goods ecosystem. From ocean shipping and ports, to logistics providers, transportation and retailers, it reveals three key pillars that will underpin a next-generation supply chain — connected community, holistic decision-making and intelligent automation. Innovation across these pillars is painting a picture of the future state of global logistics and provides businesses with a framework for looking at the rapidly changing ecosystem.

Key quote

Over time, a global population of consumers demanding greater delivery volume, speed, flexibility, transparency and convenience will force players to adapt. To get started, organizations should define their future ambitions and where to play in the future movement of goods ecosystem. Guided by a strategic vision, organizations can begin examining how the foundational pillars, connected community, holistic decision-making and intelligent automation, can help them win in chosen segments and markets — and the foundational and emerging capabilities required to enable those pillars.—Michael Daher, principal, Deloitte Consulting LLP, and US transportation practice leader

Paving the way for an innovative tomorrow
The logistics industry is approaching an inflection point. As the global population continues to swell, urbanize, gain purchasing power and shift to e-commerce all at the same time, companies can drive future and ongoing success through the creation of a solid foundation focused on an end-to-end supply chain through acquisitions, partners and organic innovation to move more goods more efficiently.

Despite being at the beginning of the journey, logistics providers, retailers and other large global movers are applying a mix of enabling technologies and innovative business models to drive the efficiency and supply chain orchestration needed to meet tomorrow’s package volume demand and capture market share. The competitive advantages redefining the global supply chain increasingly center on three core pillars:

  • Connected community: The ability to collaborate and connect with partners to see across the network.
  • Holistic decision-making: The ability to harness and harmonize traditional and new data to continuously learn, optimize and predict.
  • Intelligent automation: The ability to utilize the right human or machine for the task at hand and automate digital processes.

Utilizing the pillars of the Future of the Movement of Goods help shippers to evolve into more integrated, intelligent and automated end-to-end networks that can move more goods more quickly to more places, and with more transparency and efficiency than today.

Investment in innovative last-mile start-ups more than doubled
The foundation of a next-generation global movement of goods network is actively forming as companies of all sizes, including start-ups, put a focus on an end-to-end supply chain ecosystem with a critical eye on the last 1,000 feet of direct-to-consumer delivery. From 2017 to 2018, the funding flow of “smart money” from capital investors to support last-mile delivery more than doubled. Plus, the trend of crowd-sourcing to accommodate and strengthen last-mile solutions for delivery of goods accounted for 72%, outpacing collection point network and lockers, digital aggregators, software and droids and drones.

Continue Reading
Comments

Reports

Aviation Sector Calls for Unified Cybersecurity Practices to Mitigate Growing Risks

Published

on

airplane travel

The aviation industry needs to unify its approach to prevent cybersecurity shocks, according to a new study released today by the World Economic Forum. The increased level of interdependencies can lead to systemic risks and cascading effects as airlines, airports and aircraft manufacturing take different approaches to countering cyber risks.

To guard against these risks and create a streamlined approach with civil aviation authorities, the World Economic Forum has launched the Cyber Resilience in Aviation initiative in collaboration with more than 50 companies.

The latest report, Pathways to a Cyber Resilient Aviation Industry, developed in collaboration with Deloitte, outlines how the industry – from airlines to airports to manufacturing and the supply chain – can work with a common language and baseline of practices. The report focuses on mitigating the impact of future digital threats on multiple levels:

International:

· Aligning regulations globally

· Establishing a baseline of cyber resilience across the supply and value chain

· Designing an impartial assessment and benchmarking framework

· Developing international information-sharing standards

National:

· Enabling reskilling

· Rewarding more open communication on aviation incidents

Organizational:

· Integrating cyber resilience in business resilience practices

· Ensuring risk assessment and prioritization

· Improving collaboration

“The aviation industry has developed a strong track record of safety, resilience and security practices for physical threats and must integrate cyber risks into this culture of safety and resilience,” said Georges De Moura, Head of Industry Solutions, Centre for Cybersecurity, World Economic Forum. “A common understanding and approach to existing and emerging threats will enable industry and government actors to embrace a risk-informed cybersecurity approach to ensure a secure and resilient aviation ecosystem.”

“The work of the World Economic Forum on aviation cyber resilience complements these global efforts led by the ICAO and is another excellent example of the importance of broad-based international collaboration among public and private stakeholders,” said Fang Liu, Secretary-General, International Civil Aviation Organization (ICAO).

“Adopting a collaborative cyber-resilience stance and creating trust between cross-sector organizations, national and supranational authorities is the logical yet challenging next step,” said Chris Verdonck, Partner, Deloitte, Belgium. “However, if the effort is not collective, cyber risks will persist for all. Further solidifying an extensive and inclusive community and developing and implementing a security baseline is key to adapt to the current digital reality.”

The Cyber Resilience in Aviation initiative has enabled organizations to create plans as a community to safeguard against current and future risks. It convenes over 80 experts from more than 50 organizations across global aviation and technology companies, international organizations, trade associations and national government agencies. Major collaborators include ICAO, NCSC, EASA, IATA, ACI, Eurocontrol and UK CAA.

The recommendations and principles developed by the community have been published in a set of reports, allowing companies worldwide to learn from their insights and develop their own policies to ensure cybersecurity in aviation.

Continue Reading

Reports

Wide Variations in Post-COVID ‘Return to Normal’ Expectations

Published

on

London, UK, Covid-19 restrictions in place in Soho. IMF/Jeff Moore

A new IPSOS/World Economic Forum survey found that almost 60% expect a return to pre-COVID normal within the next 12 months. including 6% who think this is already the case, 9% who think it will take no more than three months, 13% four to six months, and 32% seven to 12 months (the median time). About one in five think it will take more than three years (10%) or that it will never happen (8%).

Views on when to expect a return to normal vary widely across countries: Over 70% of adults in Saudi Arabia, Russia, India, and mainland China are confident their life will return to pre-COVID normal within a year. In contrast, 80% in Japan and more than half in France, Italy, South Korea, and Spain expect it will take longer.

At a global level, expectations about how long it will take before one’s life can return to its pre-COVID normal and how long it will take for the pandemic to be contained are nearly identical. These findings suggest that people across the world consider that being able to return to “normal” life is entirely dependent on containing the pandemic.

An average of 45% of adults globally say their mental and emotional health has gotten worse since the beginning of the pandemic about a year ago. However, one in four say their mental health has improved since the beginning of the year (23%), about as many that say it has worsened (27%).

How long before coronavirus pandemic is contained?

Similar to life returning to pre-COVID normal, 58% on average across all countries and markets surveyed expect the pandemic to be contained within the next year, including 13% who think this is already the case or will happen within 3 months, 13% between four and six months and 32% between seven and 12 months (the median time in most markets).

Majorities in India, China, and Saudi Arabia think the pandemic is already contained or will be within the next 6 months. In contrast, four in five in Japan and more than half in Australia, France, Poland, Spain, and Sweden expect it will take more than a year.

Change in emotional and mental health since beginning of the pandemic about a year ago

On average across the 30 countries and markets surveyed, 45% of adults say their emotional and mental health has gotten worse since the beginning of the pandemic about a year ago, three times the proportion of adults who say it has improved (16%)

In 11 countries, at least half report a decline in their emotional and mental health with Turkey (61%), Chile (56%), and Hungary (56%) showing the largest proportions.

Continue Reading

Reports

African fisheries need reforms to boost resilience after Covid-19

Published

on

The African fisheries sector could benefit substantially from proper infrastructure and support services, which are generally lacking. The sector currently grapples with fragile value chains and marketing, weak management institutions and serious issues relating to the governance of fisheries resources.

These were the findings of a study that the African Natural Resources Centre conducted from March to May 2020. The centre is a non-lending department of the African Development Bank. The study focused on the impact of the Covid-19 pandemic in four countries – Morocco, Mauritania, Senegal and Seychelles. The countries’ economies depend heavily on marine fisheries. The fisheries sector is also a very large source of economic activity elsewhere in Africa. It provides millions of jobs all over the continent.

The study dwells on appropriate and timely measures that the four countries have taken to avoid severe supply disruptions, save thousands of jobs and maintain governance transparency amid the ongoing global uncertainty and crisis.

Infrastructure shortcomings include landing facilities, storage and processing capacity, social and sanitary equipment, water and power, ice production, and roads to access markets.

Based on the findings, researchers made recommendations to strengthen the resilience of Africa’s fisheries sector in the context of a prolonged crisis, and looking ahead to a post-Covid-19 recovery.

The report strongly advocates for:

– Increased acknowledgment of the essential role of marine fisheries stakeholders and the right of artisanal fishermen to access financial and material resources.

– Strengthening the collection of gender-disaggregated statistical data in a sector that employs a vast number of women and youth.

– Establishing infrastructure and support services at landing and processing sites of fishery products, with priority access to water.

– Investing in human capital to ensure high-level skills in the different areas of fisheries management.

– Improving governance frameworks by encouraging the private sector and civil society to participate in formulating sectoral policies and resource management measures.

The study recommends urgent reforms to make marine fisheries more resilient and enable the sector to contribute sustainably to the wealth of the continent’s coastal countries.

Marine fisheries are a crucial contributor to food security and quality of life in Africa. Good nutrition is a key factor to quality of life, and the marine fisheries sector supports the nutrition of more than 300 million people, the majority of whom are children, youth and women. It also provides more than 10 million direct and indirect jobs.

Dominated by artisanal fishing and traditional value chains, the fisheries sector in Africa is mainly informal and is rarely considered in public policies or in assessing the wealth of countries.

Like other sectors, the African fisheries sector has been severely hit by the Covid-19 pandemic. Covid has affected supply markets and regional trade. This has resulted in substantial economic losses for most households that depend on fisheries.

Continue Reading

Publications

Latest

South Asia13 hours ago

Pakistan and Germany are keen to Sustain Multifaceted and Mutually beneficial Cooperation

Pakistan has varied history of relationship and cooperation with other countries in international arena. Despite of proactive foreign policy Pakistan...

New Social Compact15 hours ago

Disability policies must be based on what the disabled need

Diversity policies, especially when it comes to disabled people, are often created and implemented by decision makers with very different...

WAN WAN
Urban Development17 hours ago

Preparing (Mega)Cities for the 2020s: An Inmovative Image and Investment Diplomacy

Globalized megacities will definitely dominate the future, in the same way as colonial empires dominated the 19th century and nation-states...

modi xi jinping modi xi jinping
East Asia19 hours ago

The Galwan Conflict: Beginning of a new Relationship Dynamics

The 15th June, 2020 may very well mark a new chapter in the Indo-Chinese relationship and pave the way for...

airplane travel airplane travel
Reports21 hours ago

Aviation Sector Calls for Unified Cybersecurity Practices to Mitigate Growing Risks

The aviation industry needs to unify its approach to prevent cybersecurity shocks, according to a new study released today by...

diesel engine diesel engine
Tech News21 hours ago

7 Driving Habits That Are Secretly Damaging Your Diesel Engine

When it comes to driving, no one is perfect, and everyone makes mistakes. But could these habits be costing you...

sofa gate erdogan sofa gate erdogan
Europe23 hours ago

Ммm is a new trend in the interaction between the EU and Turkey:”Silence is golden” or Musical chair?

On April 6, a protocol collapse occurred during a meeting between President of Turkey R. Erdogan, President of the European...

Trending