How the Internet of Things increases efficiency in every part of the supply chain

The ubiquitous business models of e-commerce platforms in the business-to-consumer sector are increasingly being transferred to the business-to-business sector. In the emerging platform economy, an increasing shift to industry platforms in the freight logistics sector can be observed. These business-to-business industry platforms represent a revolutionary paradigm shift, as they offer logistics service providers the opportunity to organise themselves in business networks and carry out data transactions in the supply more efficient and with high transparency.New business relationships are being created and business processes are changing in terms of transport planning and control as well as the provision of information from production to consumption. Decisive here is the use of blockchain technology, which ensures transparency, traceability and security of data transactions between the companies involved.

Startup of the month: Prewave

Every month we interview a European Supply Chain Management startup to shed some light on its business, provide a platform for visibility and overall support the European Supply Chain Management startup ecosystem. This time we interviewed Harald Nitschinger, CEO & Co-Founder at Prewave, a supply chain visibility and risk monitoring platform headquartered in Vienna, Austria.

Digital Twins in Logistics

The logistics landscape is driven by rapid technological change. Logistics players find themselves on a constant quest to optimize their operations. Digital twins – which, in short, represent a virtual replica of a physical object, process, or system – may be a game changer in this.

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