Export phase of Supply Chain System Information Initiative launched by FMC

The announcement comes as the ocean carrier community realizes that “big data” has contributed to the complexity of the marketplace, noted analysts.

By ·

Commissioner Rebecca Dye launched the second phase of the agency’s Supply Chain Innovation Teams initiative this week, which will focus on identifying the “actionable” information needed by all players for improved supply chain system visibility, reliability and resilience.

The announcement comes as the ocean carrier community realizes that “big data” has contributed to the complexity of the marketplace, noted analysts.

“While consolidation and pricing have been disrupting the ocean cargo arena, shippers have been able cope by demanding more transparency,” says Michael Bentley, a partner at the management consulting firm, Revenue Analytics. “We are now entering a new era of optimization.”

The first phase of the FMC initiative focused on the import supply chain and ran from May to October of 2016. The key goals of the import teams were enhanced supply chain visibility and performance. The import teams identified the need for a national seaport information portal.

In phase two, nearly 40 experienced industry leaders, organized into three teams, will advance that effort – representing public port authorities, warehouses, exporters, ocean carriers, longshore labor, ocean transportation intermediaries, trucking, and rail. The export teams will meet in Washington for two days beginning today -- with additional meetings as agreed by the participants.

"Actionable knowledge, is the key differentiator, in today’s economy, between being competitive or not," says Dye. "Commerce in the 21st Century depends on developing and maintaining first-class information infrastructures. Our nation’s ocean transportation supply system needs accurate, actionable information delivered in a reliable and timely way."

Dye emphasized the systemic nature of the supply chain, adding that the FMC project is focused on delivering key pieces of critical information, not just large amount of data. "Our teams are "stepping out of their silos" to identity their needs for strategic information, so that our entire supply chain can operate as a harmonious system."

"We are convinced that seaport information infrastructure is key to American economic competitiveness," Dye adds.

According to the FMC, Commissioner Dye’s goal is to complete the export portion of the Supply Chain Innovation Initiative this fall.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

FMC · Global Logistics · Logistics · All Topics
Latest Whitepaper
Supply Chain Visibility: Illuminating the Path to Responsive, Agile Operations
Supply chain visibility is not an end, but a tool. It is the means to achieving true supply chain effectiveness, agility and ultimately, corporate profitability.
Download Today!
From the December 2017 Logistics Management Magazine Issue
Trade and transport analysts see rates rising across all modes in accordance with continued expansion of domestic and international markets. Economists, meanwhile, say shippers can expect revenue growth in transport verticals to remain in the 3%-plus range.
2018 Customs & Regulations Update:10 observations on the “digital trade transformation”
Moore on Pricing: Freight settlement and your TMS
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2018 Rate Forecast
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
2018 Rate Outlook: Economic Expansion, Pushing Rates Skyward
Trade and transport analysts see rates rising across all modes in accordance with continued...
Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...

2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...