The Future Of Environmentally Sustainable Supersonic Air Travel And Time-Critical Air Freight Is At Our Doorstep
Boom Technology, a US-based supersonic transport startup, is developing a supersonic jet in partnership with Japan Airlines that will fly from NY to London in less than 3.5 hours. The new jet, named Overture, is expected to be in service for passenger flights as soon as 2025-2027. The reappearance of supersonic jets has the potential to transform the marketplace for time-critical air freight carriers and for courier giants such as Fedex and DHL, by reducing the transit time as well as the environmental impact of freighter aircraft. Boom Technology is exploring ways to improve on the Concord jet by using a new technology being developed by Prometheus, for producing aviation fuel which is converted from CO2 emissions in the atmosphere into liquid hydrocarbon and then transformed into aviation fuel. As a result of developments in propulsion technologies, the new jet is expected to fly at speeds in excess of Mach 2.2 without the use of afterburners, reducing the noise level and environmental damage associated with the first generation of supersonic aviation. Read more about this exciting development here.
Managing The Logistics Of Rock And Roll Concert Tours Leaves No Margin For Error
Concert tours require meticulous planning, reliable carriers, knowledge of international customs requirements, 24/7 attention to detail and lots of care. Large tours with back to back gigs maintain at least 2 identical sets of equipment which leap frog between venues to allow time for one set to be loaded in and erected, while the previous set is being taken down and loaded out for the next venue. Read more about challenges unique to the touring entertainment industry here.
Agile Workspaces Promote Collaboration, Creativity, Innovation And Problem Solving
According to research conducted by Steelcase, a trend is emerging in which companies focus on building agile workspaces for collaborative teams to solve complex problems and accelerate their response to market demand for innovation. The space needs to be dynamic and adaptable to changing tasks and promote face to face interaction between team members, rather than relying on slower, impersonal digital discussion. The space must provide areas for teams to display and share ideas, as well as private areas for tasks requiring concentration without disruption. Research shows that the linear workspaces of the past have not been conducive to creating a balance between collaborative teamwork and personal space. Read more about this trend at:
Three Shipping Giants Join to Create Blockchain Platforms for International Supply Chains
Three competing shipping giants have joined a tech venture to develop blockchain platforms for international supply chains. They joined forces to remain relevant in the logistics industry, where players like Amazon have become leaders in cloud computing and international logistics for their own use, only to turn around and resell those services to the industry. Read more about this trend at JOC.
Digital Freight Management Systems
Digital freight management systems may push traditional freight forwarders out of business. However forwarders offering 3PL services, provide added value because the complexity of certain supply chain services are not conducive to digitization. Cargo owners benefit from digital platforms by cutting out middlemen for point to point transport but still need logistics specialists to handle pre and post-shipment services.
To learn more about digital platforms and related block chain developments, click on below links:
WeWork Opens Media and Entertainment Shared Workspace in Hollywood
This facility takes WeWork’s concept of shared office facilities a step further, by providing shared recording studios and editing rooms for smaller tenants, who prefer not to make large investments in equipment and facilities. To learn more about the new concept in shared media workspaces visit The Hollywood Reporter.
(Photo by Elizabeth Daniels)
Ocean Freight Rates
Ocean freight rates are impacted by reversals in short and long term demand as a result of the trade wars. According to some analysts, container rates from China typically increase with demand before tariff increases take effect. Once the tariffs are in place, demand softens, creating downward pressure on freight rates. Read more from Freightwaves here.
Steel and Aluminum Tariffs
Steel and aluminum tariffs have been lifted on imports from Canada and Mexico to the US. In return, Canada has agreed to lift the retaliatory tariffs on import of certain products from the US. This move will bring welcome relief to many industries. Imports into Canada still require NAFTA documentation for customs. Once the USMCA is approved by all parties, the requirements are likely to change.
Read more at Transport Topics
(Photo: An employee performs a quality check on a steel slab at a plant in Nanticoke, Ontario, Canada. Cole Burston/Bloomberg)