Results show that while 30% of 3PLs and 16% of shippers see blockchain as a potential application, they have yet to engage with the technology says MH&L.
The 2018 22nd Annual Third-Party Logistics (3PL) Study, released on Sept. 26, shows the continuation of two trends: the importance of the relationship between shippers and 3PLs, and the importance of adapting to emerging technologies, including blockchain and automation. The result of these closely-forged relationships is improved services to the end customer.
The study sponsored by Penske Logistics, Infosys, Penn State University and Korn/Ferry, examines the global outsourced marketplace and leading trends for shippers and 3PLs in the logistics industry. The specialized focus in this year's report is blockchain, automation/ digitization, the logistics talent revolution required for shippers and 3PLs to drive technology advancements, as well as how shippers and 3PLs view their risk/resilience relationship.
Blockchain This is the first time that the 3PL study investigates blockchain. Results show that while 30% of 3PLs and 16% of shippers see blockchain as a potential application, they have yet to engage with the technology. The study describes anticipated benefits including improved supply chain visibility and potential challenges that participants will face in implementing blockchain.
"Blockchain has the potential to make significant improvements in security, transparency and governance, but only in supply chains where there is value in controlling consumer risk, valuable goods or complying with regulations," said Ken Toombs, Global Head of Infosys Consulting. "Shippers and 3PLs will need to work together to drive value from blockchain, using lessons collectively learned from missteps with other emerging technologies like Radio Frequency Identification (RFID)."
Automation/ Digitization in Transportation The study describes some of the exciting potential with on-road automation, such as driverless vehicles. It also describes many ways in which automation is already providing returns across the supply chain through digitalized load matching and warehouse robotics. Competitiveness is a key driver for a majority of 3PLs (62%) and shippers (57%) to invest in automation/ digitization. However, the report also revealed a number of reasons for lack of investment in digitization and automation, including a lack of in-house talent to develop, implement and monitor (12% of 3PLs and 10% of shippers).
Logistics Talent Revolution Technology is reframing the demands on the workforce, particularly within the supply chain where automation, digitization and data collection capabilities are growing rapidly. Supply chain leaders and logistics executives play even more critical roles as companies work to build more efficient and technologically advanced supply chains.
"It's no surprise that technology continues to unlock unforeseen value across the global supply chain in a variety of ways," said Neil Collins, regional managing partner for Korn Ferry's North American Industrial Markets. "To leverage the potential upside, organizations must now rethink their talent strategy from top to bottom. The supply chain/logistics leader must now be agile, a strategist, a visionary and a collaborator. The entire supply chain organization must now compete with technology, and the winners will be those that elevate their people using technology, rather than replacing them with it."
Risk/Resilience in Shipper-3PL Relationships Through all the technological advances, the opportunity to improve upon the risk/ resilience relationship between 3PLs and shippers continues: 79% of 3PLs and 64% of shippers report they have been involved in projects in which the ability to execute quickly was directly impacted by lack of complete, accurate and consistent information provided by the shipper.
The study shows a large increase in the percentage of shippers seeking information technology (IT) services from 3PLs, with 27% indicating outsourcing of IT services in the 2018 study compared to 17% in the previous year. However, the percentage of shippers indicating satisfaction dropped slightly this year from 65% to 56%, potentially due to higher expectations among shippers as technology has improved or because shippers are seeking enhanced analytical capabilities to help drive more effective supply chain decisions.
| A MH&L release | September 29, 2017 |||
As a House of Lords Member a Lord Peters can serve in a New Zealand government cabinet
Knowingly or unknowingly New Zealand caretaker prime minister Bill English has it within his gift to put renegade electoral balance of power holder Winston Peters MP on the high road.
The one that leads to the House of Lords.
Former National Party prime minister Jim Bolger signalled that Mr Peters wanted “respect.”
This can now be interpreted beyond the abstract sense in which until now it has been taken.
Neither does it take the form of a knighthood.
Mr Bolger has deliberately stood aside from this diluted form of ennoblement.
Mr Peters will do so, if he has not already done so.
It is within a New Zealand prime minister’s patronage or gift to recommend to Buckingham Palace a candidate for the House of Lords.
The last such candidate was the late Lord Cooke of Thorndon, an eminent jurist.
Mr Peters displays many of the characteristics of this former Wellington law lord.
He is also a lawyer. He is at ease with formality, and protocol.
He is consistently pro monarchist.
He has long been an advocate of Commonwealth trade preference.
Early last year he addressed the House of Lords on this topic in the context of Brexit.
His speech widely publicised in Great Britain was ignored here.
Why then cannot Mr Peters be similarly dispatched to the House of Lords by a coalition friendly Labour government?
The reason is that as a Labour Party initiative such a bold move would be much, much, more difficult if it could be implemented at all.
The action by the last Labour government in eliminating the British honours here was one of string of slaps across the imperial face dating from the Norman Kirk era.
Such an elevation will require also the endorsement of the British prime minister.
Premier Theresa May is likely to have doubts about sponsoring into the House of Lords a new member who is part of a Labour Party. Mrs May would need to be assured that such a candidate was not going to add to the Brexit dissonance.
Neither is it widely understood that as a member of the House of Lords Mr Peters, now Lord Peters, could still serve as a member of a New Zealand government cabinet.
He could not of course continue to sit as a Member of Parliament.
No insoluble problem here to a delicately balanced National-led MMP coalition because the next one on his list would simply slide in at the bottom.
By House of Lords standards Mr Peters at 72 is not very old.
An operational problem is the financing of a member of the House of Lords from New Zealand.
Robin Cooke QC, Lord Cooke of Thorndon, was able to look after the costs of his own membership of the House of Lords.
In the instance of Mr Peters an obvious solution is for his deployment to be part of the operations of New Zealand House.
Mr Peters, now Lord Peters, as a New Zealand cabinet member with an international role would therefore become an official deftly positioned to push the national cause simply by being part of the establishment instead of a mere observer looking in.
Couched in bitter-sweet terms here is part of Mr Peters’ somewhat prescient pre-Brexit appraisal of the position that he delivered to the House of Lords last year……
………The Commonwealth the UK will find in 2016 is quite different to the one it turned its back on in 1973. Infrastructure has come on in leaps and bounds. The days of the Commonwealth having nothing but raw commodities are gone.
It is now a dynamic powerhouse, crossing every time zone and trading session in the world. It covers nearly 30 million square kilometres, almost a quarter of the World’s land area. It’s members can be found in every single inhabited continent. Together, we have a population of over 2.3 billion, nearly a third of the world’s population. In 2014 the Commonwealth produced GDP of $10.45 trillion, a massive 17% of gross world product. Seen that way the Commonwealth could be a colossus.
| From the This email address is being protected from spambots. You need JavaScript enabled to view it. || Sunday 1 October 2017 |||
Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
Offers invited over $9,000
Contact: Henry Newrick – (+64 ) 27 471 2242
Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
Contact: Henry Newrick – (+64 ) 27 471 2242