In logistics, the Physical Internet is an open global logistics system founded on physical, digital, and operational interconnectivity, through encapsulation, interfaces and protocols [1]. Logistics is the back of any industry and it is the backbone sustaining our lifestyle whether it is the real world or the digital world. For e.g. Container logistics is the backbone of globalization. Similarly, physical internet is the backbone of internet logistics. Its initiative manifesto is to transform the way in the physical objects are handled, moved, stored, realized and supplied over the internet, and the overall aim is to achieve global logistics efficiency and sustainability.
But we have to face a harsh fact that the way the physical objects are moved, stored and dealt with, throughout the world is economically, environmentally and socially inefficient and unsustainable. The result is that we are compromising ourselves in the economic (5-15% burden on GDP’s), environmental (growing negative contribution while we aim for reduction in greenhouse gas generators) and social (lack of fast, reliable and affordable accessibility and mobility) aspects. So the Global Logistics Challenge is to achieve efficiency and sustainability. Talking in terms of the Digital world, we had millions of unconnected computers and servers, which was inefficient and unsustainable. Now we have formed a ‘Information Superhighway’ which has allowed transmission of formatted data packets through heterogeneous equipment with TCP/IP protocol. So this report focuses on the Physical Internet Initiative, which aims to exploit the Internet metaphor to achieve breakthrough solution for the problems to supply and use physical objects around the world.
Exposing Key Featur...
... middle of paper ...
...r tackling the grand logistics sustainability challenge. It could act as a commitment towards open universal interconnection of logistic services and resources. But as it need co-operation among all the actors, it’s not an Utopia, not a Big-Bang, it must gather critical mass and should be able to exploit existing infrastructures and means, which would foster gradual innovation. Although a global phenomena, it still needs to grow in fertile domains and has to collaborate with key leaders from industry, government and academia. With this manifesto, a small effort has been made towards meeting the logistics efficiency and sustainability challenge but a lot more is needed to shape the vision.
References
1. http://en.wikipedia.org/wiki/Physical_Internet
2. http://physicalinternetinitiative.org/Physical%20Internet%20Manifesto%201.10.1_2012-04-05%20English%20BM.pdf
The history of the internet takes us back to the pioneering of the network and the development of capable technologies. The explosion of the internet’s popularity of the 1990’s was large and dramatic, boosting our economy and then helped to bring it into a major recession. One can only hope that the explosion becomes organized and slightly standardized in the interest of the general public. Despite all of these conjectures and speculations only time can tell the future of the largest network in the world.
The internet has been a game changer for thousands of industries over the last several decades. Connectivity has led to the rise and fall of companies like Uber, Facebook, and Google. The trucking industry is not exempt from the technological boom that has created multimillionaires over night. Fortunes are made through the ability of technology to fulfill needs and solve problems that cost people money. Problems can be unique to each individual industry, but the biggest thing the internet offers to solve these problems is to increase information.
As you can see today, in factories, production of goods takes place at a large scale; besides this, all over the world a large number of retail chains have been opening. Management of all the logistics was done manually initially but later on this started to become increasingly difficult to handle. It was due...
We learnt that the operation of UPS World Port and the FedEx Super Hub showing how advance in technology help them succeed. Under the crush of an e-commerce revolution, both companies are forced to figure out the best way to be faster, smarter and cheaper in order to compete with others.
International logistics requires many different options and requirements to be met in order for a company to operate internationally. It’s like a big puzzle that must be put together, in order for all the goals to be met. As described above, there are many options to consider, and sometimes what appears to be an option really isn’t. It is not difficult to hit a road block, and you must start over with a new plan. Once the logistics plan is in place, you must constantly look for improvements in order to maximize profits and goals.
Zanjirani F., Rezapour, S. & Kardar, L. (2011) Logistics operations and management concepts and models, 1st ed. London ; Elsevier.
Advancements in technology, popularly embraced for the positive effects it has on almost all aspects of business operations and management is rapidly growing. Technology has improved business communication and transportation, allowing organizations to compete more rigorously in the global marketplace. An area in the global marketplace positively affected by new tools and technologies to advance managerial control and increase organizational performance is the supply chain. Communication through cellphones and computers, and advancements in transportation is resulting in mass-producing with minimal effort and minimal time.
One of the fundamental factors that has affected the process of economic globalization is the improvements in the technology of transportation and communications. This has reduced the costs of transporting goods, services, and factors of production and of communicating economically useful knowledge and technology. There is no doubt that advances in information and communications technology are the most important technological advances of the past quarter century (Mussa, 2000). By far, the most important and business altering advancement is the internet. There is evidence everywhere that the internet has greatly affected international trade. The internet has opened up the world, and brought it right into everyone's home and business. In addition, technology and the internet have greatly reduced the costs of doing business. Even the smallest operation can now go global via the internet at almost no cost. However, there are still some problems that face these e-commerce activities. These problems are shot-term challenges and can be met. The key issues center around two areas:
The Internet offers reliable communications and transactions between businesses on a local, regional and global basis. It provides cargo companies with the means to overcome a number of technical and cost barriers that have previously inhibited business-to-business communication and trans...
leaders in the information world in regards to the shipping and packaging industry. Barnes, along with his staff, have come up with a wide range of solutions and services to help UPS grow in the ever changing technology world. Moreover, Barnes and his colleagues have come up with an easier shipment track solution called Automated Shipment Processing. This technology solution offers three shipping solutions to meet the needs of customers and businesses alike. They are CampusShip, Internet Shipping, and ConnectShip.
world, the world’s largest online retailer, the largest Web-hosting company in the world, the most serious competitor to Netflix in streaming video, the fourth-most-popular tablet maker, and a sprawling international network of fulfillment centers for merchants around the world. (para 4) This paper explores the technology that has made these achievements possible.
United Parcel Service (UPS) is the world’s largest package delivery company (Hira, 2008). The company offers package delivery, specialized transportation and logistics services in more than 200 countries around the world. The company is always trying to find ways to be innovative and incorporate innovative ideas in the strategy of the company. The company has used digital technology to modernize operations (LaGesse, 2006). The company uses hand-held computers and wireless links to push automation of package flow technology. The company put a system in place that has saved the company money by cutting over 100 million miles of driving time and saving over 14 million gallons of gas as well as speeding deliveries (LaGesse, 2006). The company spends millions of dollars annually to keep up with technology and has made it easier for workers to get to packages when out doing deliveries. The central hub of UPS air deliveries in Kentucky is highly automated and uses computers to do all of the sorting. Having the latest technology also allows loaders to be trained in days instead of taking months (LaGesse, 2006). The company will have to ...
The Internet has revolutionized the computer and communications world like nothing before. The Internet enables communication and transmission of data between computers at different locations. The Internet is a computer application that connects tens of thousands of interconnected computer networks that include 1.7 million host computers around the world. The basis of connecting all these computers together is by the use of ordinary telephone wires. Users are then directly joined to other computer users at there own will for a small connection fee per month. The connection conveniently includes unlimited access to over a million web sites twenty-four hours a day, seven days a week. There are many reasons why the Internet is important these reasons include: The net adapts to damage and error, data travels at 2/3 the speed of light on copper and fiber, the internet provides the same functionality to everyone, the net is the fastest growing technology ever, the net promotes freedom of speech, the net is digital, and can correct errors. Connecting to the Internet cost the taxpayer little or nothing, since each node was independent, and had to handle its own financing and its own technical requirements.
Kemppainen, K. and Vepsalainen, A.P. (2003), “Trends in industrial supply chains and networks”, International Journal of Physical Distribution & Logistics Management, Vol. 33 No. 8, pp. 701-20.
Since the beginning of human civilization there has been movement of goods from one place to another. When it comes to modern logistics most professionals thinks it as the most exciting and competitive area of any business. People in this area work 24 hours a day, 7 days week and 52 weeks a year in order to satisfy the demands and needs of the consumers of goods and services.