Logistics has been around since the beginning of time as people have moved goods from place to place using livestock, wagons, ships, trains, trucks and pushcarts. They knew what needed to be moved, what their capacity was, and how many months, weeks or days they had to move their goods. For the most part, the industry evolved predictably and logically, taking advantage of the latest innovations to meet market demands. But today’s logistics industry is scrambling to adapt to the unique pressures exerted by these three forces in the modern economy...
Exciting news here at Wise Systems! One of our team members, Dr. Ali Haddad Sisakht, an Operations Research Scientist here at Wise Systems, has published a journal article entitled Closed-loop Supply Chain Network Design in the International Journal of Production Economics. Dr. Sisakht graduated from Iowa State University with a PhD in Industrial Engineering and Operations Research, and has extensive experience in computer science.
Everyone knows that traffic is expensive, but the real numbers are staggering. According to a recent report compiled by Inrix, “congestion costs U.S. drivers nearly $300 billion in 2016, or an average of $1,400 per driver.” For delivery fleets that must keep a close eye on margins, this cost is significant. Furthermore, it impacts their ability to offer high quality service -- unpredictability and traffic causes delays, delays scuttle carefully scheduled route plans - causing missed time windows - and the cascading delivery issues rapidly multiply the true cost of a simple delay.
The Wise team recently attended one of the key auto industry events of the year, the Automobili-D event at the North American International Auto Show in Detroit. In addition to featuring the much-anticipated lineup of new 2018 vehicles, the event put a spotlight on key topics around the future of mobility and automotive technology. This year, there was a big focus on autonomy and smart cities, including how transportation is evolving.
Welcome to Wise Words, our new blog!
In this space, the Wise Systems team and I will look at the challenges and opportunities facing the logistics industry and operators as they strive to adapt to customers’ elevated expectations for reliability, predictability and on-demand service. While it’s a big topic, we’ll do our best to keep things interesting along the way.