Freight & Logistics Services


FedEx Finds A Way Around Shipping With Amazon

Forbes Technology

That's because the online pioneer thrives on disruption. Just look at what happened to FedEx Corp. In February, FedEx shares collapsed following a Wall Street Journal report that Amazon was about to launch a delivery service for businesses. Shipping with Amazon, the moniker for the new service, was supposed to kill incumbents. FedEx CEO Fred Smith appears at a signing ceremony where President Donald Trump signed an Executive Order that establishes a National Council for the American Worker in the East Room of the White House, Thursday, July 19, 2018, in Washington.


5 Ways To Streamline The Supply Chain Using AI

#artificialintelligence

Industries are investing aggressively in artificial intelligence (AI) projects to drive efficiency for better business performance. International Data Corporation predicts that AI spending will achieve a compound annual growth rate (CAGR) of 46.2% from 2016 growing to become a $52.2 billion industry by 2021. AI can significantly improve business operations by leveraging the tremendous amount of data generated by sensors monitoring the production and movement of products using IoT. The end result is AIIOT, which is the merging of AI and IoT to manage inventory, logistics, and suppliers with a higher level of awareness and precision. The supply chain is one area that can benefit the most from streamlining since it has a direct influence on profitability and customer satisfaction.


Machine Learning is Helping to Reinvent Companies through Digital Transformation

#artificialintelligence

The machine-learned smarts that enable products such as google translator, Tesla's self driving feature, and Amazon robotics -- Kiva, to accomplish tasks such as translating conversations or images, compiling knowledge and understanding the variable necessary to complete a successful instance are increasingly finding their way into third-party applications that people use every day. Cognitive science, the fundamental replicate value within artificial intelligence (AI), is based on representational structures in the mind that computational procedures can learn, operate and improve on. After several years of "pie-in-the-sky" keynote speeches and computational disappointments, AI is finally driving real-world benefits to early-adopters. Logistics companies, online retailers and fulfillment centers on the digital frontier already rely on AI-powered robots to run their operations. In some cases, organizations have integrated their systems to auto-order inventory when product is low.


Machine Learning is Helping to Reinvent Companies through Digital Transformation

#artificialintelligence

The machine-learned smarts that enable products such as google translator, Tesla's self driving feature, and Amazon robotics -- Kiva, to accomplish tasks such as translating conversations or images, compiling knowledge and understanding the variable necessary to complete a successful instance are increasingly finding their way into third-party applications that people use every day. Cognitive science, the fundamental replicate value within artificial intelligence (AI), is based on representational structures in the mind that computational procedures can learn, operate and improve on. After several years of "pie-in-the-sky" keynote speeches and computational disappointments, AI is finally driving real-world benefits to early-adopters. Logistics companies, online retailers and fulfillment centers on the digital frontier already rely on AI-powered robots to run their operations. In some cases, organizations have integrated their systems to auto-order inventory when product is low.


How AI and Computer Vision Speed Up Job Automation IoT For All

#artificialintelligence

Neural networks show impressive results working with image data. Today, well-trained technology out-performs the human brain when it comes to classifying millions of images or recognizing patterns in the photos taken by Kepler telescope. As a result, AI-enabled image analysis and processing have made their way to diverse areas, far beyond photography or social media. EBay, for example, launched a computer vision feature that allows to search products using image instead of keywords or description. Opting for Image Search, a customer can simply take a picture of the product and use it to find a similar one in the marketplace.


Suning signs with SAP for smart retail, finance, sport R&D

ZDNet

China's Suning Holdings group and German software company SAP have partnered to conduct research in artificial intelligence (AI), Internet of Things (IoT), big data, cloud computing, and blockchain technologies in China's retail, financial, and sports sectors. The agreement, signed by Suning Holdings Group chairman Zhang Jindong and Digital Business Services Organisation leader at SAP Michael Kleinemier, will see the companies conduct R&D of "small retail innovations" and explore the application of "digitised economy technology". This will include establishing a platform for China's retail industry through supply chain solutions such as store management, product sourcing, logistics, and payment services for retail SMEs. They will also focus on "intelligent warehousing and delivery", and in the sports sector, the companies said they will create a digitised platform for Chinese football clubs and youth training systems to help development of the sport. Also announced this week, Suning Logistics has signed a self-driving vehicle partnership with Baidu Apollo for logistics development in China.


Swimming in data? 3 types of analytics can help

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Editor's Note: The following is a guest post from Hoyoung Pak, a retail and supply chain leader at Uptake. The rise of the internet of things (IoT) has introduced new business value to the fleet industry. In fact, Accenture estimates that IoT solutions can help fleet owners and operators reduce equipment breakdowns by 70%, overall maintenance costs by 30% and scheduled repair costs by 12%. These numbers are nothing to sneeze at. However, there is a lack of clarity surrounding the technology that makes all of this possible.


Port Strategy Ports benefitting from IoT & autonomous cars

#artificialintelligence

The container port sector is benefitting from huge investments from start-ups and major technology businesses due to the enormous mass-market opportunity for technologies connected to the Internet of Things and autonomous cars -- "a market … several orders of magnitude larger than the container shipping industry". That's according to Jari Hämäläinen, terminal automation director at Kalmar, who commented in a Port2060 blog that these investments "will speed up development to a pace that we can scarcely imagine". "Most significantly for our own industry, we will see new solutions, lower prices and faster progress for technology that can also be applied to our specialised field," Mr Hämäläinen said. "When mass-market demand fuels the rapid development of autonomous cars, we in the container shipping industry will be able to reap the benefits and develop our own offering further, without having to invent every solution from scratch." The director explained in his article -- entitled "The autonomous world is coming: Are we leaders or followers?"


SK Telecom launches AI speaker in convenience stores

ZDNet

SK Telecom will install its NUGU-brand AI speakers at 100 CU convenience stores to help store operations, the telco has announced. The speakers will be placed near the counter so that store clerks can ask around 200 questions related to managing and operating their stores. The speakers will answer questions such as the current location of delivery trucks that are bringing in refrigerated and frozen goods and alcohol so that clerks can store them in a timely fashion. It will also have information of in-store equipment vendors so that clerks can contact them when there are malfunctions. At BGF Retail, which runs the CU-brand of convenience stores, clerks had to call HQ or search in their computers for information related to store management.


5 Ways AI is Helping Improve Omnichannel Fulfillment - Watson Customer Engagement

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Today's retailers have to find profitable strategies to deliver on their customers' expectations, amid significant fulfillment challenges and complexities. Customers don't understand the massive omnichannel fulfillment operation that is set into motion when they click "Buy Now." Whether they purchase a product on your e-commerce site for home delivery or order a product to be delivered to your nearest brick and mortar location, customers want immediate inventory availability, fast shipping and a seamless end-to-end purchasing experience. Here's a closer look at how AI and cognitive technologies are helping improve omnichannel fulfillment in a world of rising customer expectations, free 2-day delivery from the competition, and rapidly shrinking margins. What does intelligent fulfillment look like?