Oracle Extends Cloud-based Transportation and Global Trade Support Capabilities

It is no secret for logistics, global trade and supply chain management professionals that their worlds have become far more dynamic and challenging.

Consumers and customers continue to permanently shift their buying preferences to favor an Omni-channel buying experience that engages multiple fulfillment or goods return channels. The notions of product research and ordering via the web, delivery direct or pickup at a local brick and mortar presence are now the table stacks for industry competitiveness. That trend alone compels retailers, wholesalers, and manufacturers to evaluate digital transformation in key process areas now more seriously, including logistics, transportation, and global trade management.

The global trade and tariff landscape is undergoing a significant amount of uncertainty and change. Our Supply Chain Matters blog is now providing weekly and bi-weekly updates to help multi-industry readers to stay abreast of the implications of a rapidly changing global trade landscape. Compliance and global trade movements are becoming much more dynamic and challenging in the current trade and tariff environment, requiring the most timely and up-to-date information.

While all of the above is challenging in itself, natural disasters impacting specific global regions continue to become far more significant. Major earthquakes and wildfires, extreme weather and other record-breaking events have each impacted transportation networks, and spiked transportation and logistics costs.

This month, Oracle announced the latest quarterly releases of Oracle Transportation Management Cloud and Oracle Trade Management Cloud. The quarterly release is noteworthy because of the current increased challenges, uncertainties and event volatility occurring in each of these key supply chain management business process support areas. Highlights of new functionality can be read by accessing our latest Supply Chain Matters blog on this topic.