Click on the link to see the original article.
U.S. Department of Transportation Secretary Pete Buttigieg and Port Envoy General Stephen Lyons hosted a convening of Freight Logistics Optimization Works (FLOW) partners to advance the initiative's development and welcome new members.
In addition to the number of participants doubling, existing partners have started securely sharing data with the USDOT for the first time, according to an Aug. 10 news release. Members who operate across supply chains discussed the results of sharing data and how it can help meet current and future challenges. Currently, there are 36 FLOW participants, a number expected to grow.
"The Biden-Harris administration is proud to bring together companies from across the supply chain in this first-of-its-kind initiative to share information and help move goods more quickly and cheaply," Buttigieg said in the release. "To keep supply chains moving and prices down, we must invest not only in our physical infrastructure but also our digital infrastructure, and FLOW is an important part of that effort."
The lack of transparency across supply chain networks makes the supply chain brittle and resistant to change when faced with anomalies, the release reported. The DOT's solution is to support increased cooperation on foundational freight data exchange so supply chain stakeholders can make more informed decisions leading to the reduction of shipping costs and, by extension, lower costs for consumers.
The current desire for improved information exchange systems was created by recent supply chain disruptions, according to the release.
“The start of data sharing between industry and USDOT is an important milestone for FLOW," Lyons said in the release. "We look forward to continuing to collaborate with the industry to develop this tool to enable the industry to make more informed decisions that will improve the movement of goods along our supply chain."
Comentarios