Reuters Events | Supply Chain & Logistics Business Intelligence

Jim Tompkins shares his thoughts on the future of the logistics and supply chain industry in an exclusive Q&A.

CHICAGO (May 25^th 2016) Jim Tompkins, an international authority on supply chain and logistics strategy, reveals the biggest challenges set to disrupt to the 3PL industry, as well as discussing the threat of Amazon’s business model on the traditional logistics set up.

In an exclusive Q&A conducted by eft, a business intelligence organization, the CEO of Tompkins International gives his outlook on how IoT is driving real time logistics through advanced analytics and increased data availability.  He also explains how 3PLs must invest in automated material handling systems to provide efficient and effective order fulfillment for eCommerce and ultimately become a leader in this area. Access the Q&A here 

Friend or Foe?  Amazon may soon be able to offer excess capacity to other companies looking to transport their own goods. They already have a truck fleet and a set of warehouses while rumours of an air cargo operation are rife.   Regarding the threat of Amazon Jim commented “Amazon is an awesome retailer, an awesome marketplace, an awesome cloud provider and an awesome 3PL. So, they clearly are a top tier customer and a competitor. One needs to proceed with caution and eyes wide open.” 

Jim goes on to summarize which HOT and HUGE technologies he determines will impact the industry.  He discusses how IoT will allow for “new levels of flexibility and adaptability throughout logistics operations.”  A recent Gartner report predicted a thirty-fold increase in Internet-connected physical devices by the year 2020 and that “6.4 billion connected things will be in use worldwide in 2016”.  Evidentially this deep connectivity will influence all areas of the end-to-end supply chain including warehousing, last-mile delivery and fleet management.

Jim Tompkins will be sharing more of his thoughts on ‘Next Generation Supply Chain Metamorphosis’ in his keynote opening address at the 14th Annual 3PL Summit & Chief Supply Chain Officer Forum. Jim will be joining C-level executives from CH Robinson, Avnet, XPO, Johnson Controls, ArcBest, Sealed Air and more in Chicago on June 20-22. For more information visit www.3plsummit.com

About eft

eft Supply Chain and Logistics Business Intelligence is the global leader in business intelligence and C-level networking for the transport, logistics and supply chain industry. We specialize in connecting senior industry executives with their industry peers, and with the crucial information they need to excel in their work.

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