Skip to content
Search AI Powered

Latest Stories

outbound

things aren't always what they appear to be

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.

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!

The Latest

More Stories

chip cooling plate from Mikros Technologies

Jabil says acquisition cools off the hot chips behind cloud and AI

Facing rising demand for the liquid cooling devices need to manage computer chips in artificial intelligence (AI) and cloud data centers, the manufacturing and supply chain solution provider Jabil Inc. has acquired the New Hampshire tech firm Mikros Technologies.

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.

Keep ReadingShow less

Featured

logo images of ILA union and USMX dockworkers ports

Strike ends: East Coast dockworkers return to work

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.

In identical statements posted to their websites, the International Longshoremen’s Association (ILA)—the union representing some 45,000 workers—and the United States Maritime Alliance Ltd. (USMX) said they had struck a deal.

Keep ReadingShow less
team collaborating on data with laptops

Gartner: data governance strategy is key to making AI pay off

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.”

Keep ReadingShow less
dexory robot counting warehouse inventory

Dexory raises $80 million for inventory-counting robots

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.

Keep ReadingShow less
container cranes and trucks at DB Schenker yard

Deutsche Bahn says sale of DB Schenker will cut debt, improve rail

German rail giant Deutsche Bahn AG yesterday said it will cut its debt and boost its focus on improving rail infrastructure thanks to its formal approval of the deal to sell its logistics subsidiary DB Schenker to the Danish transport and logistics group DSV for a total price of $16.3 billion.

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.

Keep ReadingShow less