Making Markets Eric Johnson: The Complex World of Global Logistics - [Making Markets, EP.52]
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Jan 3, 2025 Eric Johnson, Senior Technology Editor at the Journal of Commerce, discusses the ever-evolving world of global logistics. He delves into the intricate journey of goods, the impact of technology, and the serious challenges posed by pandemics and labor strikes. The conversation touches on the rise of AI in logistics, transforming operations and decision-making processes. Johnson also analyzes the competitive dynamics within the industry and the significant role of data in navigating economic trends, all while addressing the balance between efficiency and resiliency in supply chains.
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Journal of Commerce Origins
- The Journal of Commerce, established pre-Civil War, originally served as a digest of ship arrival times in New York Harbor.
- This allowed merchants to coordinate the unloading of their cargo efficiently.
Logistics Segmentation
- Logistics is best understood by segmenting it into categories, focusing on freight rather than parcel shipping.
- The Journal of Commerce covers goods when they transition into freight and hands off when they become goods at the destination.
Goods Tracking
- Tracking goods utilizes container numbers as proxies, supplemented by IoT sensors for high-value or at-risk items.
- The industry still lacks a perfect tracking solution, often relying on data rather than physical sensors.