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Industry Landscape
Total Assets Under Management (AUM)
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Total Addressable Market
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Emerging Technologies
AI-Powered Logistics
AI and machine learning can optimize logistics operations through predictive analytics, route optimization, and automated decision-making, enhancing efficiency and reducing costs.
Blockchain in Supply Chain
Blockchain technology can enhance transparency and security in supply chain management by providing a tamper-proof record of transactions and enabling better tracking of goods.
Internet of Things (IoT)
IoT devices and sensors enable real-time monitoring of goods, vehicles, and infrastructure, providing valuable data for improved decision-making and proactive maintenance.
Impactful Policy Frameworks
Electronic Logging Device (ELD) Mandate
The ELD Mandate (FMCSA, 2017) requires commercial truck drivers to use electronic logging devices to record their hours of service, aiming to improve safety and compliance with hours-of-service regulations.
Compliance with the ELD mandate ensures accurate record-keeping, potentially reducing delays related to audits and improving driver safety, but necessitates investment in compliant technologies.
Food Safety Modernization Act (FSMA)
The Food Safety Modernization Act (FSMA, 2011) aims to prevent foodborne illnesses by implementing stricter standards for food production, transportation, and handling, with a focus on preventative controls.
The Food Safety Modernization Act affects refrigerated trucking by increasing the requirements for temperature control and sanitation, mandating BOA Logistics to invest in updated equipment and training to meet these standards.
Ocean Shipping Reform Act (OSRA) of 2022
The Ocean Shipping Reform Act (OSRA, 2022) aims to address unfair practices in the ocean shipping industry, granting the Federal Maritime Commission (FMC) greater authority to regulate ocean carriers and promote fair competition.
The implementation of the Ocean Shipping Reform Act of 2022 will likely lead to more transparent and fairer pricing practices for drayage and port pick-up services, improving BOA Logistics' negotiating power and reducing costs for its customers.
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