The Logistics Forum, held each May by Richmond Events, is a three-day, two-night "cruise to nowhere" that has all the makings of a classic boondoggle. Except it's not.
Mitch Mac Donald has more than 30 years of experience in both the newspaper and magazine businesses. He has covered the logistics and supply chain fields since 1988. Twice named one of the Top 10 Business Journalists in the U.S., he has served in a multitude of editorial and publishing roles. The leading force behind the launch of Supply Chain Management Review, he was that brand's founding publisher and editorial director from 1997 to 2000. Additionally, he has served as news editor, chief editor, publisher and editorial director of Logistics Management, as well as publisher of Modern Materials Handling. Mitch is also the president and CEO of Agile Business Media, LLC, the parent company of DC VELOCITY and CSCMP's Supply Chain Quarterly.
After while, you get used to the eye rolling and the smirks. Told you'll be attending a "business conference" on a luxury cruise liner, bosses, colleagues, friends and family rarely bother to hide their skepticism. You can hardly blame them. The Logistics Forum, held each May by Richmond Events, is a three-day, two-night "cruise to nowhere" that has all the makings of a classic boondoggle.
Except it's not. From the first evening's dinner, right through the closing breakfast, the event is a sprint for attendees, who rocket between business meetings, seminars and workshops, roundtables, and coaching sessions. As past attendees like Pat Moffett, a senior logistics executive at Audiovox Corp., will tell you, it's almost all business. "You start at 6: 30 or 7: 00 in the morning, and your time is booked right through 10: 30 at night. It's doesn't leave a lot of time to fool around. When you get off that ship on the third morning, you're tired."
There's a reason for that hectic pace. Companies that sell logistics products and services pay a hefty fee to sign on as sponsors for the event. And they're not interested in paying for the guests to loll around on deck chairs. They expect to get their money's worth in the form of uninterrupted access to some of the highest-level logistics executives in the world.
And we do mean uninterrupted. As the cruise ship chugs out to sea, it also chugs out of cell-phone (and Internet) range. And since the pools are drained and the shops are closed, passengers quickly discover there's nothing to do other than focus on the conference itself. For some, it's a tough adjustment. Though they've been forewarned, many attendees can still be seen scrambling around the deck during the first few hours in search of that elusive cellular signal. It can be painful to watch them go through a sort of telecommunications withdrawal as they discover they're truly out of touch … that they probably won't be able to make a phone call, check messages, or send or receive e-mail for the better part of three days.
But once the shock wears off, attendees quickly come to realize something else. Not only is the break from "landside technology" pleasant and refreshing, but it also allows them to focus on the conference content and on the other attendees in a way that would not be possible at even the most out-of-the-way location on land.
And there's a lot to focus on. The Logistics Forum is all about gathering business intelligence and forging business relationships. The seminars are top-drawer. The material covered is cutting edge.And the speakers are among the most renowned experts in various sectors of the logistics field.
And, if you're like me and value the networking opportunities offered by business conferences, the Logistics Forum is a gold mine. Take the dining arrangements, for instance. Thanks to an assigned seating policy, you're guaranteed to be seated with different folks each time you break bread. (You don't have to attend the meals, of course, but if you don't, you don't eat.) Each table includes one of the vendors sponsoring the event and several logistics executives whom they have specifically asked to meet. (As part of their sponsorship package, the vendors can submit names of logistics practitioners they'd like to see invited free of charge.) For vendors, that's a powerful lure indeed. If nothing else, they can be certain that in exchange for their sponsorship dollars, they'll have their top prospects' undivided attention for at least the length of a leisurely meal at sea.
For those reasons and others, the vendors love it. Many consider the sponsorship to be among the best marketing investments they make each year. The attendees love it because, even with all the "work" associated with the seminars, workshops and networking events, it still is, after all, three days at sea on a luxury cruise liner. And it's a sure bet even the best day in the office can't compete with that!
Terms of the deal were not disclosed. But Florida-based Jabil bought the firm as it said that liquid cooling has emerged as a more energy-efficient alternative to air cooling for applications in the continued adoption of artificial intelligence, energy storage, and electric vehicles.
Those products drive higher-power density systems across both consumer and commercial industries, forcing producers to seek new ways to manage the intense thermal requirements of their current and next-generation products, while keeping sustainability and cost considerations top of mind.
“We are thrilled to welcome Mikros Technologies to the Jabil team,” Ed Bailey, Jabil’s senior vice president and CTO, said in a release. “The thermal management capabilities they bring will allow Jabil to extend the range of services we provide to cloud service providers, hardware OEMs, and liquid cooling solutions providers. In addition to the data center ecosystem, we see significant opportunities in other end-markets that require thermal management, including automated test equipment for semiconductors, batteries, energy storage systems, and electric vehicles.”
According to Mikros Technologies, its microchannel liquid cooling solutions address complex thermal management challenges by using microchannel cold plate designs to cool over one kilowatt per square centimeter. Those technologies and capabilities will complement Jabil’s portfolio of data center lifecycle solutions, semiconductor test equipment solutions, and energy and transportation solutions, Mikros said.
Dockworkers at dozens of U.S. East and Gulf coast ports are returning to work tonight, ending a three-day strike that had paralyzed the flow of around 50% of all imports and exports in the United States during ocean peak season.
The two groups “have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to negotiate all other outstanding issues. Effective immediately, all current job actions will cease and all work covered by the Master Contract will resume,” the joint statement said.
Talks had broken down over the union’s twin demands for both pay hikes and a halt to increased automation in freight handling. After the previous contract expired at midnight on September 30, workers made good on their pledge to strike, and all activity screeched to a halt on Tuesday, Wednesday, and Thursday this week.
Business groups immediately sang the praises of the deal, while also sounding a note of caution that more work remains.
The National Retail Federation (NRF) cheered the short-term contract extension, even as it urged the groups to forge a longer-lasting pact. “The decision to end the current strike and allow the East and Gulf coast ports to reopen is good news for the nation’s economy,” NRF President and CEO Matthew Shay said in a release. “It is critically important that the International Longshoremen’s Association and United States Maritime Alliance work diligently and in good faith to reach a fair, final agreement before the extension expires. The sooner they reach a deal, the better for all American families.”
Likewise, the Retail Industry Leaders Association (RILA) said it was relieved to see positive progress, but that a final deal wasn’t yet complete. “Without the specter of disruption looming, the U.S. economy can continue on its path for growth and retailers can focus on delivering for consumers. We encourage both parties to stay at the negotiating table until a final deal is reached that provides retailers and consumers full certainty that the East and Gulf Coast ports are reliable gateways for the flow of commerce.”
And the National Association of Manufacturers (NAM) commended the parties for coming together while also cautioning them to avoid future disruptions by using this time to reach “a fair and lasting agreement,” NAM President and CEO Jay Timmons said in an email. “Manufacturers are encouraged that cooler heads have prevailed and the ports will reopen. By resuming work and keeping our ports operational, they have shown a commitment to listening to the concerns of manufacturers and other industries that rely on the efficient movement of goods through these critical gateways,” Timmons said. “This decision avoids the need for government intervention and invoking the Taft-Hartley Act, and it is a victory for all parties involved—preserving jobs, safeguarding supply chains, and preventing further economic disruptions.”
Supply chain planning (SCP) leaders working on transformation efforts are focused on two major high-impact technology trends, including composite AI and supply chain data governance, according to a study from Gartner, Inc.
"SCP leaders are in the process of developing transformation roadmaps that will prioritize delivering on advanced decision intelligence and automated decision making," Eva Dawkins, Director Analyst in Gartner’s Supply Chain practice, said in a release. "Composite AI, which is the combined application of different AI techniques to improve learning efficiency, will drive the optimization and automation of many planning activities at scale, while supply chain data governance is the foundational key for digital transformation.”
Their pursuit of those roadmaps is often complicated by frequent disruptions and the rapid pace of technological innovation. But Gartner says those leaders can accelerate the realized value of technology investments by facilitating a shift from IT-led to business-led digital leadership, with SCP leaders taking ownership of multidisciplinary teams to advance business operations, channels and products.
“A sound data governance strategy supports advanced technologies, such as composite AI, while also facilitating collaboration throughout the supply chain technology ecosystem,” said Dawkins. “Without attention to data governance, SCP leaders will likely struggle to achieve their expected ROI on key technology investments.”
The British logistics robot vendor Dexory this week said it has raised $80 million in venture funding to support an expansion of its artificial intelligence (AI) powered features, grow its global team, and accelerate the deployment of its autonomous robots.
A “significant focus” continues to be on expanding across the U.S. market, where Dexory is live with customers in seven states and last month opened a U.S. headquarters in Nashville. The Series B will also enhance development and production facilities at its UK headquarters, the firm said.
The “series B” funding round was led by DTCP, with participation from Latitude Ventures, Wave-X and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic, and several angels from the logistics industry. With the close of the round, Dexory has now raised $120 million over the past three years.
Dexory says its product, DexoryView, provides real-time visibility across warehouses of any size through its autonomous mobile robots and AI. The rolling bots use sensor and image data and continuous data collection to perform rapid warehouse scans and create digital twins of warehouse spaces, allowing for optimized performance and future scenario simulations.
Originally announced in September, the move will allow Deutsche Bahn to “fully focus on restructuring the rail infrastructure in Germany and providing climate-friendly passenger and freight transport operations in Germany and Europe,” Werner Gatzer, Chairman of the DB Supervisory Board, said in a release.
For its purchase price, DSV gains an organization with around 72,700 employees at over 1,850 locations. The new owner says it plans to investment around one billion euros in coming years to promote additional growth in German operations. Together, DSV and Schenker will have a combined workforce of approximately 147,000 employees in more than 90 countries, earning pro forma revenue of approximately $43.3 billion (based on 2023 numbers), DSV said.
After removing that unit, Deutsche Bahn retains its core business called the “Systemverbund Bahn,” which includes passenger transport activities in Germany, rail freight activities, operational service units, and railroad infrastructure companies. The DB Group, headquartered in Berlin, employs around 340,000 people.
“We have set clear goals to structurally modernize Deutsche Bahn in the areas of infrastructure, operations and profitability and focus on the core business. The proceeds from the sale will significantly reduce DB’s debt and thus make an important contribution to the financial stability of the DB Group. At the same time, DB Schenker will gain a strong strategic owner in DSV,” Deutsche Bahn CEO Richard Lutz said in a release.