Building an intelligent, efficient supply chain requires providers of all types to shed their siloed mindsets and collaborate in areas where in the past that might have been seen as problematic, a top executive at J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) said Monday.
Keynoting FreightWaves’ Future of Supply Chain live event in Rogers, Arkansas, Shelley Simpson, Hunt’s chief commercial officer and executive vice president of people and human resources, said future supply chains will take the form of intelligent and “connected” ecosystems where shipments and capacity move seamlessly, in sync and in real-time.
Future success will also require stakeholders to be “indifferent” as to how shipments move and to work together to match customer needs with available capacity, Simpson said. A `people-first’ approach is key to developing and executing intelligent and collaborative supply chain solutions, she said.
For all the significant technological advancements of the past five years, which included the 2017 roll-out of Hunt’s “360” load-matching platform, there is still too much wasted motion in the transportation network. According to Simpson, roughly one-third of drivers’ time each day is unproductive due partly to unnecessary waiting times but also the inability to efficiently match freight with capacity.
More precise load-matching combined with better visibility into network movements could significantly reduce costs and drive out millions of empty miles, as Hunt’s platform has succeeded in doing, Simpson said. It would also go a long way toward converting millions of over-the-road shipments to intermodal movements, which are more cost-effective and environmentally friendly.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now