Collaboration With Top Logistics Technology Providers is Crucial

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Gaining efficiency in today’s trucking and logistics market means leveraging the best technology at your disposal, and visibility is the key to true efficiency. Visibility no longer means simply tracking shipments—modern technology allows us to access all kinds of information at the exact moment we need it. That means instant access to visibility across the full shipment workflow, and the ability to share that information across your supply chain. That means competitive advantage, but it also means that failing to achieve that level of visibility puts companies at an extreme disadvantage.

A major component of enabling that level of visibility is the strength of the network integrated into the solution itself. Neurored chose to partner with project44 for several reasons, one of them being the outstanding quality of p44’s carrier network. As a TMS, supporting as many carriers as possible is extremely advantageous. We want to ensure that our customers have the best options available to them at all times, and project44’s network allows us to do that.

This network strengthens the functionality we have built into our TMS. By ensuring that we’re receiving high-quality visibility data from project44 and their carrier network, we’re ensuring that our advanced functionality is utilizing the best data available. Having progressive, modern technology is crucial in today’s trucking and logistics landscape, but it has to be fed with the best data in order to function at full capacity. That’s why collaboration is so important in today’s trucking and logistics landscape.

 

Collaboration Among Tech Providers Enables Supply Chain Visibility

More connectivity within the supply chain means more companies are able to collaborate, share information back and forth, and create efficiencies and visibility. There is a real effort among top technology providers to work together and leverage each other’s technologies in order to strengthen their own, giving customers better experiences overall. Neurored partnering with project44 is a prime example of that kind of collaboration, and the international reach of this partnership makes it even more significant.

Neurored Supply Chain Integration Hub

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Neurored Supply Chain Integration Hub

Neurored Supply Chain Integration Hub

How can I achieve better, even digitized, communications between my customers and suppliers through my supply chain?

Neurored enables you to share digitized information with all stakeholders throughout your supply chain. Integrations can be quickly activated through dynamic interface alternatives such as direct connections (web-services, databases, even flat files), middleware (ETL tools), systems (ERP, E-Commerce, CRM …), log-techs (INTTRA, TRAXON, Project44,…) and supply chain partners (Customers, Partners, Suppliers, Carriers) in order to achieve better collaboration and global supply chain visibility.

Can Freight Forwarders benefit from the Neurored Supply Chain Integration Hub?

Freight forwarders like Europartners or Pak2Go push into their SAP system invoices drafted on Neurored, where all the commercial and logistics activity takes place in an integrated way with carriers, thanks to integrations with Log-tech services like INTTRA, TRAXON, Ocean Insights and TruckStop.

Can Manufacturers benefit from the Neurored Supply Chain Integration Hub?

Leading cement trader Lafarge Holcim synchronizes their counterparties account information between their SAP system and Neurored, where all the sourcing, commercial and shipment activities take place.

Can Traders benefit from the Neurored Supply Chain Integration Hub?

Leading heavy equipment auction company, Ritchie Bros, push overseas shipment orders into Neurored, where they can manage all international transport quotation, execution and tracking from Neurored. Leading provider of on board products for major consumer air-lines, Kaelis, manages of all their systems with native apps on the Salesforce Platform (ERP -Sage Business Cloud Financials, CRM – Sales Cloud and SCM – Neurored).

Horse1, a leading provider of horse nutrition information and products, has a tight integration between the Sage on premise solution and Neurored for managing Accounts, Invoices, Inventories, Purchase Orders and Sales Orders. Customer Management and Inventory Replenishment processes are also managed by Neurored, taking advantage of our supply chain predictive analytics models which calculate reorder levels based on historical demand. Sales Orders and Purchase Orders are created on Neurored and automatically pushed into Sage.

Engineering company Aire Limpio also leverages seamlessly tight integration between a Sage on premise solution and Neurored. Budgets are created on Sage, where all their Product Master Catalog is maintained. Neurored extracts budgets from Sage in order to feed all of the commercial and supply processes managed on Neurored.

Can I have a free trial and explore the Neurored Supply Chain Integration Hub for myself?

Yes, absolutely!  Get it now by clicking this link!

 

6 Key Benefits of Cloud Logistics

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6 Key benefits of Cloud Logistics - Neurored

6 Key benefits of Cloud Logistics – Neurored

Illustration of Neurored’s platform integrating best-in-class partner services within a collaborative framework for Global Trade and Logistics.

Neurored Cloud Logistics delivers these 6 key advantages for 3PLs, Traders and Shippers:

1.- REAL-TIME TRANSPORTATION SCHEDULING, PRICING AND BOOKING.
Transportation schedules and pricing are as volatile as they are unpredictable. Adjustments on-the-go can make or break your yields. Cloud Logistics bring more optimal freight rate selection to search, compare and select the best freight rates for executing transport. INTTRA, FREIGHTOS, TRAXONTRUCKSTOP and PROJECT44 combined with the Neurored solutions empowers our customers to trade with unlimited Carriers in all posible modes of Transport (Ocean FCL/LCL, Air, Road FTL/LTL and Railway).

2.- REAL-TIME INVENTORY AND CARGO STATUS WITH RFID AND IoT TECHNOLOGIES.
RFID (Radio-Frequency Identification) is a keen example of how Cloud Logistics can take technologies to a new level. RFID is the use of radio waves to read and capture information stored on a tag attached to an object from up to several feet away, and it does not need to be within direct line-of-sight of the reader to be tracked. RFID integrated with Cloud Logistics means all those tags can be uploaded to the Cloud to keep updated real-time inventory and equipment monitoring. TURCK VILAN RFID systems combined with Neurored solutions are reaching new levels of performance on real-time inventory management.

3.- MULTIMODAL GLOBAL SUPPLY CHAIN VISIBILITY.
Global visibility means that all of the stakeholders, from suppliers, trading partners, carriers through to your customers, all have access to the same view of the transaction as it flows through each step of the supply chain. Cloud Logistics solutions increase the granularity of what can be known about a shipment at any time, from any device, featuring push/pull service of global track and trace. Neurored leverages OCEAN INSIGHTSTRAXON, TRUCKSTOP and PROJECT44 to consolidate and evaluate tracking events from multiple Carriers to help our customers stay on top of things, whether for day-to-day operations or for strategic decisions.

4.- SOURCING / TRADING SYNCHRONIZATION.
In Cloud Logistics, everything happens online. This means that your sourcing requests can be delivered on a massive scale to many potential suppliers, because it can be managed programmatically. For example, you can send a single sourcing request to dozens, even hundreds of potential suppliers, and conduct your evaluation and sourcing process through an online auction.

5.- TRUSTED TRADE FINANCE.
Trade Finance innovations arising from Blockchain technology are enabling a new solid trust in financial transactions between trading counterparts. This combines with Cloud Logistics solutions, delivering impactful reduction of costs as the transaction requires less financial parties and it accelerates documents verification. EBURY is the Neurored’s partner for providing our customers B2B Cross-Border payments for Trade Financing.

6.- DEVELOP YOUR OWN SUPPLY CHAIN NETWORK.
Cloud Logistics enables the developing of your own supply chain network through collaboration. This is implemented through communities, which grant access to customers and partners -and their respective customers- to quotation, order fulfilment, paperless interchange of documents or global track and trace, among the most relevant. These collaborative interactions quickly result in a supply chain network with clear benefits on efficiency, productivity and customer service.

Contact us for further discussion on Cloud Logistics.

Digital Collaboration Is Accelerating The Future of Logistics

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http://www.neurored.com/wp-content/uploads/2018/03/Contro-Tower.png

http://www.neurored.com/wp-content/uploads/2018/03/Contro-Tower.png

I recently enjoyed the privileged experience of a personal tour of the Port of Philadelphia in Pennsylvania, whose Master Plan aims to, “ enhance the port as an economic engine for job growth of family-sustaining jobs that reflect the composition of our community.”

To bring this into focus, the port will double its capacity to 900,000 TEUs, construct 100,000 sq ft of warehousing to support a 21% increase in breakbulk capacity, and double its auto transport capacity.

Much of these goals have risen from the recent widening of the Panama Canal, which can now accommodate ships carrying 13,000 TEU containers.  That’s nearly triple the number of containers on a single voyage… and this is merely one economic region of global trade in the world!

These increases in global trade are however placing the industry’s participants under increasingly greater pressure.  Pressure to deliver, on time, in budget, claim free.

Documentation management which has historically operated in a peer-to-peer manner, has been placed under greater stresses over the years as the number of participants in a typical international shipment transaction has grown.

Manufacturers, wholesale traders, freight forwarders, lenders, insurers, inspectors, customs officers…all parties to each transaction, must have visibility into the history of the documents that show proof of delivery for each respective step in the process.

Our team at Neurored consistently heard ideas like this from our customers, and so we built a fully multi-modal, global track and trace Control Tower, the centerpiece of our cloud-based Global Supply Chain & Transportation Management solution.

What began as single sets of documents, gradually became replicated and shipped to each peer via parcel shipping services, as each participant expended more and more labor costs attempting to organize their very own version of “the truth” for any given shipment.

Transportation Management Systems historically operated within a given mode of transportation.  Supply Chain Management Systems tended to focus on the costs and sourcing of physical goods, challenged by the notion of delivering a fully landed price.

Meanwhile, the logistics industry evolved to attack this problem, developing Third Party Logistics into its very own niche.  These 3PLs became the concierge service of international trade…shipment status was now a single call away, regardless of the mode of transport, because you now had a single contact.

But here we are in 2018, a time when our homes tell us when a visitor arrives before they even land on our doorstep, our cars can tell us exactly what type of service they’re about to need, and parcel package delivery is gradually becoming crowd-sourced.

For all consumer deliveries, we can open up a phone app or web browser, and have a very clear sense of when that delivery will arrive.

With Neurored’s Control Tower, our customers see all of their shipments, everywhere in the world, with status updates occurring in a matter of minutes throughout each day.

Therefore it is absolutely no surprise to anyone, that buyers and sellers of global trade, are ready to demand, the same level of visibility and transparency.

Our team at Neurored consistently heard ideas like this from our customers, and so we built a fully multi-modal, global track and trace Control Tower, the centerpiece of our cloud-based Global Supply Chain & Transportation Management solution.

Just a few months ago, Hurricane Harvey was bearing down on the city of Houston, Tx.  One of our customers operates two terminals there, importing cement.

Leveraging Neurored’s Control Tower, our customer was able to quickly identify assets at sea, engage in digital communications to divert them out of harm’s way, and commence the safe shutdown of these facilities until the storm had passed.

Thanks to Neurored’s Control Tower, our customer was able to proactively protect their assets both at sea and on land, and with a little help from above, the terminals were back up and operational within 24 hours!

With Neurored’s Control Tower, our customers see all of their shipments, everywhere in the world, with status updates occurring in a matter of minutes throughout each day.

Our most innovative global trade clients have engaged in a very powerful new capability, a FinTech tool which exposes the chain of custody we already provided them, now made available to all participants of each shipment through a secure, transparent, private Blockchain solution we’ve developed on IBM’s Hyperledger architecture.

As our customer base began to encompass more types of global trade participants, we began to see even greater opportunities to create value.  These opportunities form the basis of Digital Collaboration.

Our freight forwarding customers are sourcing quote requests from shippers, while simultaneously managing their customer, asset owner, and lead relationships, completely online in secure communities.

Manufacturing and wholesale trading customers are planning shipments, and comparing quotes to freight marketplaces like Freightos, with which we have seamlessly integrated.

But transaction and relationship management is really just the foundation for the biggest disruption we are now delivering in international trade.

Our most innovative global trade clients have engaged in a very powerful new capability, a FinTech tool which exposes the chain of custody we already provided them, now made available to all participants of each shipment through a secure, transparent, private Blockchain solution we’ve developed on IBM’s Hyperledger architecture.

And we built our app completely native on the Force.com platform by Salesforce.com, ensuring our clients gain the benefits of continuous innovation beyond our own.

Now, shippers are achieving far more competitive financing, because the manual work of peer-to-peer workflows have been eliminated.

Freight forwarders are even empowered to bring the full suite of these features to their customers, recognizing that their role is shifting from merely broker to technology solutions provider.


Contact us for further discussion.

Neurored’s Blockchain innovations mean finance advantages for FF’s customers.

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Innovative Freight Forwarders are now providing comprehensive trade finance solutions to their customers, by taking advantage of the Neurored Trade Finance BlockChain.

Importers and Exporters now have an alternate mechanism to finance their trading operations. Rather than time consuming, traditional trade financing provided by banks, trade is now being financed by Freight Forwarders, enabled by this innovative Neurored technology.

Freight Forwarder customers will get Credit Lines to finance their trading activity and automate payments directly from their newly established Credit Line.

The Neurored Trade Finance BlockChain solution takes simultaneous advantage of a well aligned conjunction of logistics and technology services, which we describe below:

  • Customers leveraging Freight Forwarder logistics services can negotiate more favorable incoterms for their counter parties. Importers will be able to buy FOB from their suppliers, which will clearly open the scope of suppliers who agree with these terms. Exporters will be able to sell CIF to their customers, which will also open the scope of buyers who agree with these terms.
  • Leveraging Neurored integration with the Ebury Fintech Platform for Import-Export finance and B2B Cross Border Payments, Freight Forwarder customers will get Credit Lines to finance their trading activity and automate payments directly from their newly established Credit Line.
  • Leveraging the combination of the Neurored Supply Chain Network and BlockChain technologies unifies all supply chain participants (Supplier, Freight Forwarder, Buyer, Inspection Entity, etc), enabling each to upload their respectively required documents into the BlockChain, ensuring all commercial terms have been addressed.

This transparency leads to Suppliers being paid directly from Ebury Credit Lines, when commercial terms have been met and registered in the Blockchain.

The Neurored Trade Finance Solution has many advantages over the traditional Letter of Credit, which we explain below:

  • A Letter of Credit creates trust through the banks of seller/buyer counter parties. The banks are the participants who review all of the documentation to make sure commercial terms have already been addressed before processing any payment. This is heavily intensive, manual paperwork and consequently has a high cost.
  • The Neurored Trade Finance Solution creates trust thanks to a combination of technologies provided by Neurored and greater logistics capacity provided by Freight Forwarders. The final result is a process with less cost, where documents are uploaded and reviewed by all participants of the supply chain, keeping track on the BlockChain of all the documents and approval process required before doing a payment. Simultaneously and very important to note, the process also has the added advantage of achieving lower freight costs when counterparts charge you for them.

Contact us for further discussion.

A glimpse to the future of 3PL industry.

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Illustration classifying L&T players according to risk adoption on business models and differentiation on technology.

Illustration classifying L&T players according to risk adoption on business models and differentiation on technology.

In our last post we opened the subject about the wrong-called “new disruptors” of the logistics and transportation industry.

In this post we will try to make a classification of players to show our vision on how and why disruption is going to happen across the industry.

The combination of new business models with modern technologies will reformulate, bottom up, the once-and-again recurrent strategic topics; will displace traditional players and raise the expectations of customers to new standards.

We have illustrated this with a 2×2 matrix that crosses the dimensions of business model and technology, to discretizes players, closer or farther, to the maximum value performance.

Traditional 3PLs

Players running Traditional Business Models using Standard Technologies.

They keep a conservative position in terms of risk taking, and don’t run or even have a differentiation plan through digital transformation.

Unless they may have already developed strong competitive edge, they will face a dilution of yields due to the exposition to price competition.

Trapped in this category we find most of the 3PLs today: immobile companies to the changes, challenges and opportunities in the industry during the last years.

Modern 3PLs

Players running Traditional Business Models using Modern Technologies.

They keep a conservative position in terms of risk taking, but at least they have a differentiation strategy through digital transformation.

Fell into this category we find most of the so wrongly termed “new disruptors”. As well, any Traditional 3PLs adopting modern technologies will end up here.

However, in the case of 3PLs, technology will not make a real difference if they keep performing a traditional mix of core competences.

In the case of Digital Brokers -Uber Freight and Flexport for example- they don’t even offer a traditional mix of core competences.

As result, this group invest in new technologies but they don’t know what to do with the emerging paradigms and how to make profit with the new opportunities.

Freight Marketplaces

Players running New Business Models using Traditional Technologies.

We consider them the first disruptors of the modern industry, a business-driven disruption: they emerged with new business models adopting a new mix of core competences though using traditional technologies.

Examples of Freight Marketplaces are DAT, TruckStop and Freightos.

Blockchain 3PL Networks 

Players running New Business Models using New Technologies.

They will do well soon as they understand the new paradigms of change, and thus, they are more ready than others to take advantage successfully of the new great opportunities.

Blockchain 3PL Networks will be likely the protagonists of the new paradigm-driven disruption: new technology plus new business model to perform the maximum known value.

 

Whether you can see where your company is today or not in this matrix, in Neurored we are enthusiastic about the upcoming transformations in our industry. Contact Us for further discussion.

Is 3PL on the edge of a disruption abyss?

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Illustration showing positioning of 3PL today vs 3PL disruptors such as Uber Freight and how future 3PL will look like.

Illustration showing positioning of 3PL today vs 3PL disruptors such as Uber Freight and how future 3PL will look like.

“Uber Freight users (truckers) download the app, search for a load, and tap to book it, which is followed by a rate confirmation within seconds that eliminates a common anxiety in trucking about whether or not a load is really confirmed.” Eric Berdinis, Uber Freight Product Manager.

It is just another disruption threat that traditional brokerage business models face time to time, but in this occasion it is in our industry so the “ripple effect” is shaking us.

Before Uber Freight many companies tried to implement the same concept with disparity of results. Yet to date none disrupted 3PL industry.

Can a crowded and developed marketplace like 3PL brokerage have an entry point towards the path of a total disruption?

In words of the Product Lead of Uber Freight, Eric Berdinis, their key to success is on truckers: “Over the last year, we’ve gotten pretty deep in the crazy pain points that drivers have an are going one by one to knock them off”.

Among them Berdinis highlights that basically the whole payment process in the carriers/shippers ecosystem does not work:

– Payment terms are net 30 or 60 days.
– Factoring skimm off between 2% and 5% every load.
– Uber Freight pay turnaround of 7 days.

“We are paying quickly. We are just giving loads in a more efficient way” he said.

Is this enough for causing a disruption in a complex industry, the Achilles heel of the traditional players?

Bit too simplistic. Freight movement is not just a transaction and it is not relying in one actor such as Carriers nor ultimately in the Truckers – despite the fact of their tough and valuable activity.

For a freight to become a load, be shipped and reach destination, many logistic companies, partners and experts are involved, more or less depending on the complexities of the shipping, but all are exposed to potential exceptions resolved ultimately by 3PLs and their customer support network.

3PLs bring value to shippers with a wide array of shipping, technological and financial options, including generally today:

  • Multimodal freight, not only truck freight.
  • Warehouse management.
  • Customs management.

And this plus IT services, compliance, risk management, analytics and many other added value services.

Building an APP, Uber Freight and other players such as Convoy or Transfix, they believe they will overcome the 3PLs empowering small fleets and indie truckers and provide better and cheaper service to shippers.

However, as new specie of player is moving forward in the trying to replace the traditional 3PLs, one collateral effect is happening already: if disrupting driver is a technology making happier truckers, what is the impediment for 3PLs to take advantage of it?

Supply Network Technologies and new Supply Trade Finance solutions for 3PLs like the ones provided by Neurored will more likely impact in a real disruption of the industry by those 3PLs adopting them rather than by those called the disruptors of today.

Future 3PLs

Future 3PLs

If you are a 3PL contact us for the answer today.

A Supply Chain horizon for Millennials

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Past week, talking about the future of SCM with some colleagues from the industry, it came to my mind an article published by Supply Chain 24/7 in 2013 with the title: “10 Supply Chain Trends for the next 10 years”:

  1. Service chains will become more important than product chains.
  2. Companies will need to fully report corporate externalities.
  3. Supply chains must be designed to serve the “base of the pyramid”.
  4. Knowledge work and workers will become global in nature.
  5. SCM will have a standard certification process similar to that for CPAs.
  6. Product clock-speeds will determine the number and nature of the supply chains.
  7. Micro segmentation will be key to success.
  8. Technology to support SCM will primarly be “on tap”.
  9. Leaders will leverage social media in a closed loop feedback process.
  10. Artificial intelligence will be embedded in mainstream supply chain activities.

In the equator of the 10 years horizon we can see with retrospective that most of the trends are already facts, but by 2013 the Millennial generation was still in the puberty.

Nowadays we know that by 2020 Millennials, the future customer that will change the consuming of goods and services dramatically, will represent the 40% of the world working population.

What changes will introduce this in the global demand of goods, and how supply chains and stakeholders will have to evolve are perhaps two unresolved questions in the sector yet.

But by this newly 2018, Millennial is a better profiled generation:

  1. Millennials grew up in the digital experience.
  2. They are astute consumers.
  3. They will expect companies to know their individual needs.
  4. They will expect companies to personalize all experiences.
  5. Their consuming habit will shrink the product lifecycle a 50% by 2020 (from 2000 to 2010 product lifecycles experienced already a 50% down).

Service chains will be as important, if not more important, than the product chain.

Less lifecycle means a more regular product/service replacement.

Consequently, companies will be forced to streamline reverse logistics, and supply chain processes will depend more than ever on track inventory and shipments through the use of Trade Management Systems and a constant monitoring of their KPIs.

But a second important consideration is about Globalization. As businesses landscapes become more and more global, suppliers and competitors keep continuing expanding operations across the world.

In only 2 years, thanks to the modern transportation management, logistics capabilities and savvy IT systems, 60% of companies expect to source from more countries than they did in 2017 and in the same period 80% of manufacturers expect to have multi-country operations.

A recent intelligence published by ITV Corporation concludes that new scenario will require a new change of approach in many aspects, as a brooch to this post, here you have their very valuable conclusions:

  • Be aware about any opportunity for new optimizations as it may pop up, because optimization will bring reliable decision support for supply chain challenges such as network design, route mapping and load building.
  • When in doubt, simulate! Simulations will provide value by showing how solutions will play out in the real world.
  • Go for carrier quality.
  • Invest in 20/20 visibility.
  • Inspect product for exceptions before they reach the logistics phase from production phase.
  • Use damage claims as a source of insight to learn and lead to better performance.
  • Invest in modern IT systems to help your company to collect and analyze data -including mode, carrier and location- of exceptions.

Inspired in the article published by ITL Corporation: https://www.itlvn.com/news/333-hieu-suat-chuoi-cung-ung-vao-nam-2020.html

About ITL Corporation: Indo Trans Logistics Corporation™ is positioned as the premier regional solutions provider for Integrated Logistics, Aviation Services, Warehousing, Freight Management and Distribution in South East Asia, being listed for more than 10 consecutive years (2007-2017) as one VNR 500 enterprise – Top 500 Vietnam’s largest enterprises following the same selection criteria as FORBE’s FORTUNE 500.

https://www.itlvn.com

2018, the year towards Supply Chain Smartification

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The complexity of Supply Chain has been resulting in continuous upstream and downstream problems historically.

In a research published by Emerald Group, and recently quoted by Mr Tim Charlton – Senior Management Consultant at XAct Solutions – we find an interesting approach to the smartification key aspects of Supply Chain:

  1. Instrumented – Information is overwhelmingly being machine-generated, such as by sensors, RFID tags, etc.
  2. Interconnected – The entire supply chain, including business entities, assets, IT systems, products and other smart objects are all connected.
  3. Intelligent – They make large-scale optimal decisions to optimise performance.
  4. Automated – Much of the process flows are automated by using machines to replace other low-efficiency resources, such as labour.
  5. Integrated – Process integration involving collaboration across supply chain stages, joint decision making, common systems and information sharing.
  6. Innovative – Development of new value through solutions that meet new requirements, inarticulate needs, or even existing needs in better ways.

“The development of Smart Supply Chains has never been more paramount than now.”

“Academic literature has long advocated the notion that information is a critical component of successful supply chain practices. Given we execute our supply chain activities within a dynamic operating environment of continued uncertainty and disruptions, the development of Smart Supply Chains has never been more paramount than now”, remarks Tim Charlton in his article.

But the questions that you may be making yourself are whether the supply chains are ready to be smartified? will be a standalone process for my company or most likely involve a similar process from vendors and clients? is my organization prepared for such transformation from systems to employees?

Although obviously you may not have instant answers to all these questions, formulating openly throughout your ecosystem may be a good first step to help the right strategy to emerge.

Meanwhile what is unstoppable is the emerging of new pressures for finding the way to the sector’s mantra: cheaper, faster and better, and they way is no other than smartification.

Discover how Neurored can help your organization towards Supply Chain Smartification Contact Us

Sources

“Are Supply Chains Ready to be Smart?”
Tim Charlton
XAct Solutions

“Smart supply chain management: a review and implications for future research.”
Emeral Group Publishing Limited

Blockchain and Supply Chain Management

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Blockchain paradigm is changing the way many goods are transacted between business and in the markets.

This post brings you an executive comparative of the differences in key aspects between the traditional supply chain and a Blockchain-based supply chain, echoing an approach from the insightful article about Blockchain and SCM recently published by the expert in SCM transformation Mr Roy Sanjeev, Global Transformation Leader in Chevron | E&Y | ExxonMobil.

 Traditional Supply ChainSupply Blockchain
LedgersProprietary of every link. Available only for the owner.Shared between the links. Available to any link with credentials.
Information FlowIntermediated. Every link of the chain is a bottleneck for the information flow.Disintermediated. Information flows openly in a permissioned manner.
Assumed RiskIncreases in every link.Is reduced as more links adhere to the ecosystem.
AgilityEvery link increases trust erosion and technology integration costs.As links go Blockchain the trust increases and technology integration costs decreases.
Relationships between stakeholdersBilateral and chained.All connected.
NotarizationInformation of transactions needs to be verified as it flows from link to link, through the use of test certificates, bills of lading, letters of credit etc.Information of transactions across the ecosystem resides inside the Blockchain system as every transaction happens on a distributed ledger perfectly notarized.
Title transferEasy for any property whose ownership is controlled by the Blockchain.
TraceAuthenticity of transactions is compromised by the lack of open and trustworthy information provided by links.Transactions can be traced with authenticity throughout all the stakeholders.
IrrevocabilityTransactions may be contractually manipulated or distorted to suit one party, increasing the risk and untrust.Transaction histories are shared with the whole ecosystem and are always available, eliminating the chances of being hacked also eliminates the chances of being manipulated or distorted.
Smart-contractContracts agreed don't mean be complied with, so the focus is not only in the partnership but on compliance and the need to “check the checkers”.Smart Contracts can not be bypassed so there is no need to focus on compliance.
TruthMultiple sources of truth not always sync.
Single source of truth available to all actors in the ecosystem.
Audit TrailPartially and atomically recorder by every link related to its transactions with other links.Recording and bringing information from each and every transaction to all actors in the ecosystem.

“Leading experts are predicting the Blockchain technology adoption to be in the following chases (1) early adoption during 2016-2017 (2) Growth during 2018-2024 and (3) Maturity from 2025 and beyond. It is important for leading supply chain strategists to form a POV on the applicability of the Blockchain technology to their own supply chain from a strategy perspective”.  Roy Sanjeev.

Source: Referred article