DB Schenker Logistics Renews access contract with GT Nexus
GT Nexus has announced an extension of its contract with DB Schenker Logistics to provide supply chain visibility solutions and cloud supply chain technology. Since 2008, GT Nexus capabilities have been provided to a number of DB Schenker Integrated Cargo Management customers. Capabilities include end-to-end inventory and shipment visibility, purchase order management and origin management.
“We originally selected GT Nexus to offer our customers a strategic cloud-based technology solution as part of our Integrated Cargo Management Services that would provide them with added value and extensive flexibility,” said Tim Standen, Global Head of Ocean Supply Chain Solutions at DB Schenker Logistics. “We have successfully rolled the technology out to many of our customers across many different industry verticals who have seen significant ROI in terms of the ability to streamline processes and gain unparalleled visibility into their supply chains. We are pleased to re-affirm our partnership. ”
“Several years ago, DB Schenker had the vision and courage to go against the traditional technology path and turned to the cloud for mission critical customer facing technology,” noted John Urban, Executive Vice President and General Manager of GT Nexus. “Today, while every company on the planet is racing to figure out their cloud strategy, Schenker and its customers are ahead of the pack, running global supply chains efficiently with the help of a cloud based monitoring and control platform called SCOUT, powered by GT Nexus. I would say the vision paid off.”
The technology platform provides DB Schenker and its customers with a complete end-to-end supply chain monitoring system, covering events while inventory is on order, in production, at origin, in transit, in customs, inland, through final delivery. This gives DB Schenker and its customers full control of supply chain performance, by providing easy access to information necessary to react to supply chain disruptions and new opportunities.
GT Nexus combines business process applications with an integrated network of partners on a single, shared cloud platform. The growing community of companies that are active on the network includes leaders from every business vertical and drives industry adoption, data quality and standards that DB Schenker customers are able to take advantage of as participants on the network.
“We are seeing almost exponential growth year on year from our customers to use the SCOUT solution and the satisfaction levels are consistently high,” added Mr. Standen. “The renewal of our agreement with GT Nexus signals our intent to continue offering our customers the best technology on the market.”
DB Schenker plans to add additional customers to the platform and expand geographic scope as part of the renewed agreement.
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany