Maritime safety for workers and marine life is important. Businesses have a large footprint on the environment and ocean transportation still lies at the heart of global organizations.
New regulations on weight declaration is meant to create more transparency in the transportation and logistics industry.
How will this change the current structure of the logistics market? We have seen major consolidation and M&A in the market in the past three years, more regulation will help weed out the remaining week links and leave maybe five major shipping lines ruling the oceans.
How will SOLAS affect wholesale businesses, small and large distributors, and will this regulation also create a urgent need for upgrades at manufacturing facilities around the world?
Coming to a port near you July 1st, 2016. Stay informed!
Recently the World Economic Forum weighed in on the big data conversation. You can read the article here and see below 3 insights that I consider very important and relevant:
1. Big data management is tricky, and companies must understand what dupes of data they require and the supporting structures they need to reach their data goals.
2. Insights and analysis should serve as plan of action for reaching total quality management.
3. Full buy in from C suite is vital for the success of big data endeavor because it is a huge change for staff and often requires costly infrastructure.
In conclusion: tomorrow’s leaders will have a robust big data strategy that helps them connect with their customers to deliver high quality goods and services. This strategy will be supported by an analysis powerhouse back end able to manage both structured and unstructured data sources that meet the company’s growth goals.