The awarding ceremony occurred during the Gala event on the first day of the 33rd German Logistics Congress that took place from October 19th to 21st in Berlin. The approach is based upon the principle of combining an intelligent transportation management system, a standardized supplier planning network, and risk management in a central cloud-based solution. The innovative approach utilizes smart algorithms that dynamically optimize the network requirements holistically, including capacities, supplier shipping requirements, variable lead-times, as well as monitoring a wide range of geopolitical, weather, and economic factors on a real time basis in order to optimal material flow. The implementation of a globally standardized and integrated freight network that would deliver a sustainable performance level of excellence while providing the agility and adaptability to support global product development, manufacturing, and aftermarket requirements in a digitized environment. The ability to proactively detect and mitigate potential risk factors occurring within the companies global supply network.
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