Traceability and transparency are key functions of the supply chain, and the ability to track goods from the initial step to the final delivery can give both shippers and consumers added assurance about the integrity of goods. Blockchain technology could take that a step further, verifying each link within the chain.
Increasing freight levels, new federal regulations and tightening capacity are driving freight rates higher and, in some markets, making it harder to secure a load. A nationwide truck shortage is forcing thousands of shippers to choose to either postpone all but the most important deliveries or pay dearly to jump to the front of the line.
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