We see how much the world has evolved during this pandemic. There has been an acceleration in the usage of technology that was always there but just underutilised.

Logistic companies are known for mundane tasks and an accumulation of paperwork. Whilst the demand in e-commerce increased which put immense pressures on the Logistic and Supply Chain Industry.

It is evident that along with technological advancements finding quality skills is crucial to ensure operations are run smoothly.

According to McKinsey, the successful implementation of AI has helped businesses improve logistics costs by 15%, Inventory levels by 35%, and service levels by 65%.

What is AI technology?

The definition of artificial intelligence is the theory and development of computer programs that are able to do tasks and solve problems that usually require human intelligence. Things like visual perception, speech recognition, decision-making, and word translation are all things that would normally need human intelligence, but now computer programs are able use their intelligence and capability to solve these tasks.

There are many ways to implement AI into the supply chain and into the logistics sector. It improves logistics processes and reduces costs. It also plays a major role in automating routine tasks to improve the speed and accuracy in numerous back-office applications.

Continue reading How are Logistic Companies Using AI Technology at Soft Freight Logic.

Supply chain mapping allows you to put strategies in place to rapidly react when there are supply chain problems like a supplier faces a shortage, an order gets lost in the system or unpredicted industry challenges.

David Leifsson is a Supply Chain guru with knowledge on carbon footprint in the supply chain Industry.

Listen to David Leifsson explaining how supply chain mapping can assist your business and how AI and your ERP can do the work for you.

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Continue reading Supply Chain Mapping with your ERP at Soft Freight Logic.

This article will explain what the metaverse is, why logistics leaders should pay attention, and how the industry can benefit from it.

The logistics leader’s guide to the metaverse: building relationships using virtual worlds

Why should you care about the metaverse as a logistics leader?

It is impossible to use the internet and not come across the term metaverse these days. Facebook rebranding as Meta was perhaps the top headline that started the buzz. Artists like Travis Scott and Ariana Grande performed concerts in the metaverse, setting a new trend. In the business world, Microsoft and  Meta have already invested billions of dollars into the metaverse.

But the metaverse is not still well understood by some business leaders. That could cost their companies greatly in the future. The metaverse market is projected to be worth 1.3 trillion dollars by 2030.

Learn about the metaverse and how you can use it to build relationships as a leader in logistics.

Glossary of metaverse terms, based on information from Financial Times, Wunderman Thompson, VR Glossary, and CoinMarketCap

What is the metaverse?

Continue reading How Logistics Companies can use the Metaverse to build relationships at Soft Freight Logic.

Nicolas Aubert, President of Jones International, gives us some Industry Insights into some of Canada's Supply Chain challenges and the type of Leadership he developed during the Pandemic.

Continue reading Nicolas Aubert, President of Jones International with Canada Industry Insights at Soft Freight Logic.

CargoWise now produces Certificates of Origin documentation for ChAFTA exports from Australia to China.             

What is ChAFTA?

ChAFTA is short for the China-Australia Free Trade Agreement. It was a trade agreement signed between the 2 economic powerhouses on the 20th of December 2015 which has greatly improved trade between the 2 countries by eliminating tariffs on the vast majority of goods moving between them. 

Only goods that originate in either China or Australia are eligible for the preferential tariff rates. A ChAFTA Certificate of origin is a document that confirms that the goods originated in Australia or China in accordance with the provisions of the China-Australia Free Trade Agreement.

What are the ChAFTA Preferential Rules of Origin?

ROO which stands for ChAFTA Preferential Rules of Origin are agreed criteria used to ensure that only goods originating from Australia and China end up getting the preferential treatment under the agreement. One of the main aims of these rules is to prevent goods from a 3rd party transshipping through Australia or China to take advantage of the FTA.

Any imports into Australia or China that do not comply with the ROO will be subject to the general MFN rate of duty.

Continue reading How ChAFTA benefits trade between Australia and China? at Soft Freight Logic.