The Hyperloop could change the transportation logistics industry forever
Today we’re celebrating International Day for Achievers! This day is dedicated to celebrating individuals and organizations that have achieved outstanding success in their respective fields. It is a day to recognize and honor those who have gone above and beyond in their pursuit of excellence and have made a significant impact in their industry. In the context of supply chain management, achievers are those who have implemented innovative strategies, overcome challenges, and delivered exceptional results in managing the flow of goods and services. Join us in celebrating the International Day for Achievers and the remarkable accomplishments of our supply chain community!
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The Hyperloop is a proposed high-speed transportation system that would use a system of tubes or tunnels to transport people and goods at extremely high speeds. The concept was originally proposed by the now-infamous entrepreneur Elon Musk in 2013, and since then, several companies and organizations have been working hard and fast to develop and test prototypes of the system. In a typical Hyperloop system, passengers (or cargo) would be loaded into pods that travel through a vacuum-sealed tube. The pods would then be propelled by magnetic levitation, similar to high-speed trains, and would travel at speeds of up to 700 miles per hour. This in turn would make the Hyperloop much faster than traditional forms of transportation, such as trains, planes, or cars.
Check out today’s featured article by More Than Shipping to read more about this proposed transportation method and how it could evolve the future of the logistics industry. Will this method of transporting be our “new normal?”
Electric Vehicles & Sales 🔋
Electric cars? Nah, we want more electric bikes
The EBIKE act launched two years ago, had proposed giving Americans a $1500 price tag reduction on a brand new Ebike. The reason this was proposed was to help reduce greenhouse gas emissions drastically. After all, a bike gives off much fewer emissions than a traditional gas-powered car. Both electric cars and electric bikes are generally considered to be more environmentally friendly than their gasoline-powered counterparts. On March 21st, a new version of the e-bill was introduced with the full support of environmentalist groups.
Of course, it's worth noting that both electric cars and electric bikes have their unique environmental impacts, and the specific impact of each will depend on a variety of factors including the type of energy used to power them, the manufacturing processes involved, and the way they are used and maintained. Ultimately, both electric cars and electric bikes can play an important role in reducing our reliance on fossil fuels and minimizing our impact on the environment.
Business Strategy & Human Resources 💡
Recent MHI Report highlights the industry’s talent shortage
The ProMat industry show took place in Chicago this week and MHI attendees had a lot to say about the supply chain. Their annual report collects a survey of over 2,000 industry professionals and asked respondents to identify the top 5 challenges a supply chain company is currently facing. The top issues cited by those surveyed were hiring/retaining qualified workers and talent shortages. These results are highlighting a large problem, due to over 57% of people citing this as the #1 challenge.
Another hot topic at the industry show was the green initiatives spreading throughout the sector. Many consumers are becoming more environmentally conscious and are seeking out products and services that are more sustainable. This includes everything from energy-efficient appliances to low-emissions vehicles. By focusing on sustainability and going green, MHI can tap into this growing market and meet the demand for more environmentally friendly products.
Let’s Get Global 🌎
♻️ New ESG laws stamping out the competition. EcoVadis, a global provider of sustainability ratings and assessments for companies, is sending a warning out to organizations that are struggling to comply with new ESG laws and regulations. EcoVadis also says that many companies may not have the proper technology in place to be able to comply with all the greenhouse emission regulations that have been rolled out in recent months. ESG (Environmental, Social, and Governance) regulations are a set of guidelines and standards that companies must adhere to regarding their environmental impact, social responsibility, and corporate governance. These regulations are designed to promote sustainable business practices and ensure that companies are operating in a way that is both ethical and responsible.
iLevel With You 🏡
More topics for the average American household to consider…
💰 When will Congress begin to tackle the real inflation fuel? Everyone wants to know why inflation is so high and when it will begin to drop, but do they want to know what it takes? If consumers and businesses expect inflation to remain high, they may continue to adjust their behavior accordingly. For example, workers will likely continue to demand higher wages to keep up with the rising cost of living, and businesses may continue to raise the prices of goods to maintain their profit margins. These expectations can become self-fulfilling, leading to a persistent cycle of higher inflation. After Silicon Valley Bank’s epic collapse earlier this month, Congress is beginning to take a deeper look into the pitfalls of an economy riddled with inflationary problems.
🔋 Want a new EV for personal use? Kiplinger is here to help. Electric car sales have been at an all-time high, even though the car market has been on a steady decline for months. It’s being forecasted that EV sales will soon make up over half of the entire automotive market by 2035. Part of the reason for the massive growth is due to government policies. The US government has introduced various policies and incentives to encourage the adoption of EVs. For example, tax credits are available for EV buyers, and many states offer additional incentives such as rebates and access to high-occupancy vehicle lanes.
📝 Gartner survey: data leaders need to improve organizational skills. A recent survey from Gartner showed that only 44% of those surveyed said that their team is “good” at organizing their values and data. This survey was conducted among 556 data and analytics leaders around the world, signaling that many roadblocks are stopping an increase in organization. The data leaders in the supply chain play a critical role in driving business success by leveraging data and analytics to improve supply chain operations. The purpose of data leaders is to help companies make informed decisions, optimize processes, and drive continuous improvement across the supply chain.
Get Smart 🧠
Ramp up that brain power for these advanced topics…
😭 Ford Motors EV launch loses billions. Ford Motor Co. announced that its new EV business has lost over $3 billion during the last 2 years and is expecting to lose just as much throughout 2023. The “Model E” is projected to be profitable by 2026 with an 8% pretax profit margin, but the company would not start making money right away.
🍔 Lunch break dispute increases fear of port disruptions. It has been reported that port workers take their lunch breaks at the same time in the LA and Long Beach ports. Critics of this point out that simultaneous lunch breaks limit continuous work all day long and claim that it is causing many operational issues internally and externally among other ports.
💻 Supply chain tech investments see a big jump. The 2023 MHI Annual Industry Report has shown that 74% of leaders in the supply chain industry have increased their investments in technology over the past year. This new data is 10 points higher than last year’s study.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 28, 2024, from iLevel Logistics Inc.