The Expo 2020 core theme is “Connecting minds, creating the future”. This overall theme recognizes the importance of collaboration across cultures and regions to generate sustainable solutions to global problems whilst the subthemes of Opportunity, Mobility and Sustainability define the principal drivers of progress. The expo aims to bring together the global community to forge new partnerships and find solutions to these core issues concerning humanity and ultimately leave behind a strong transformative social and economic legacy across the region and the world. Mobility: As the world’s markets continue to grow and interact, new sources of innovation are required to create more integrated solutions in transportation and logistics systems. Mobility is one of the core drivers of prosperity and growth as efficient and robust transportation & logistics systems are the lifelines that connect people, goods, and services around the world. Sustainability: It has become increasingly important to innovate in the production, delivery, and consumption of water and energy. Improving access to these precious natural resources through responsible conservation and effective management, as well as embracing a culture of sustainability, are important goals of all countries. “Smart Grids” have presented an opportunity to revolutionize the way energy is both produced and consumed as a result of the convergence of IT in both existing and new infrastructure (e.g. solar panels) to deliver
“People think about trucking as a meat and potatoes business where you pick something up and then deliver it to a destination, but it’s not that simple, it’s a highly competitive business, and in order to thrive, firms need to implement innovations that will give them a competitive edge.”
In recent years there has been great concern over the growing demand for energy, and the lack of non-renewable energy resources to meet the demand in the future. In addition, the question of “sustainability”—the ability to balance social, economic, and environmental needs in energy production to meet both current and long-term requirements—has come to the fore. It is clear that America must expand energy production quickly, and that we must develop renewable, sustainable energy sources to meet long-term demand and protect our future. There are many proposed solutions, such as wind and solar power. But the technology for these resources is not yet fully developed, making them, at best, low-output alternatives. Because renewable sources are
Most firms in the public transportation management market are aware of the transition away from traditional transit models. Tow of First Transit’s largest competitors, MV Transportation and TransDev, have invested millions of dollars in research to create the technology to broker delivery of this non-traditional mobility service. Both firms are well financed and have hired top industry personnel to lead these
The 2003 Northeast Blackout was a two-day nightmare that spanned from New York to Canada. This incredible event was not due to a storm, but computer and human error; affecting over fifty million people with estimated losses up to ten billion dollars and 11 deaths (Walsh, 2013)! A loss of power turns inconvenience into a life-changing event when food in the refrigerator spoils, public transportation is useless, gas pumps are inoperable, and dark streets increase fear and anxiety. Even though power outages are a fact of life, few economies are equipped or prepared to provide their own power. The current appetite for electricity is pushing decaying electronic grids and antiquated software to limits with no sign of waning (Halsey, 2012). As the demand to produce more power grows, this increases the amount of pollution as well as disasters-massive power outages and catastrophic oil spills. The inefficient methods of fossil fuel production coupled with increased power demands are polluting the air, land, and water; creating unhealthy economies and ecosystems. Harnessing renewable alternative energy from nature is a smarter, dependable, and generous source of power that is non-polluting and will be available when current power sources are unavailable. Solar power is a healthier alternative power choice that supports fluctuating ecosystems, promotes healthy economic
The objective of this paper is twofold. First, we introduce the modern condition of Canada’s energy consumption and the economic benefits. Second, we define and analyze the projections of Canada’s future with respect to the renewable energy frontier. The demand for Energy across the globe has drastically increased since the Industrial revolution. From coal to steam, all the way to electricity and nuclear energy, modern economies and industries rely on sustainable sources of energy to produce their desired output levels (Zelby 2002). Ontario, and Canada in general are on the frontier of energy production and sustainability with regards to smart grid technologies and so forth (Ontario Energy Plan). Canada specializes in many of the
The purpose of this paper is to illustrate three technology opportunities associated with the transportation and logistics industry. With today’s constantly evolving business environment, consumers are placing demand on businesses of all industries, and they want products and services faster, with more added value, and delivered immediately. Nevertheless, customers are smarter by requiring more quality, innovation, and choice, and at the same time wanting to spend less money and effort. Consequently, every transportation business has to remain highly competitive in researching and developing innovative cost-cutting techniques in order to save money.
Transportation is one of the most important necessities for humans. Without it, traveling, economic activity, and mobility would not be done as quickly or efficiently. Transportation is the act of moving something from one place to another. We need transportation because of all life’s necessities and pleasures. The key to the salt business was transportation and luckily for Joy Morton, his company was, “founded on a transportation idea”(Kurlansky pg.426).
The United States has an extremely well developed and maintained power grid which in its current state is configured primarily for non-renewable power generation. As the cost of green power comes down there will be an increasing amount of green power generation on the grid. This new, cleaner source of energy unfortunately has disadvantages that more traditional methods of power generation don’t suffer from, namely consistently. Photo-voltaic cells will only work when the sun is shining and wind turbines only spin when wind is present. I will be examining the readiness for renewable power of the power grid within the United States as well as investigating improvements that would allow for a larger national power generation percentage of renewable
A Newsletter from Harvard Business School Publishing and The MIT Center for Transportation & Logistics
With grid-tied renewable energy systems, there is no absolute need to conserve electricity or change your lifestyle. Your system will offset some or all of your usage, and your daily life can continue unchanged.
The massive global conglomerate known as ITT Industries has undergone a number of fundamental changes during the firm's century of continuous operation, growing from a humble family-run company known as International Telephone & Telegraph into the multifaceted worldwide corporate entity that exists today. Along the way, executives and upper management at ITT Industries elected to use a vast array of transportation options, consisting primarily of overseas shipping and railway/roadway freight distribution to facilitate the movement of supplies, equipment, and products throughout its network of interrelated industrial holdings. With much of ITT Industries' current portfolio consisting of aerospace/defense contractors, automotive manufacturers, railroads, and other industrial pursuits, building and sustaining a viable transportation structure to deliver items as efficiently and effectively as possible has become one of the company's paramount priorities. The added external pressures applied by governmental bodies and regulatory agencies, which are increasingly concerned with legislating environmentally sustainable corporate conduct, has also motivated ITT Industries to reassess the functionality of its transportation structure from a progressive perspective. When the diversity of ITT Industries' vast array of worldwide holdings is considered, it becomes clear that the firm's current reliance on the traditional model of overseas shipping and freight trucking distribution
According to the case study written by Jurek, Bras, Guldberg, D’Arcy, Oh, and Biller, energy costs were steadily rising and were predicted to continue this trend going into the future. At the same time, utility companies were beginning to implement Smart Grid technologies to increase the efficiency of energy distribution. One resulting program to emerge from
Transportation is a key element in the logistic chain. It joins together those components that are considered to be separated. In order for transportation and logistics to work together successfully, there must be good management between them. It plays a
“Since Expo 2020 is unlike other popular world events, many people do not have firm idea with regards to the benefits and opportunities that will be opened because Dubai will be holding the expo” (Algethami, 2015). Furthermore, it is indicated that awareness of the people regarding the impact of Expo 2020 in Dubai will also directly influence how other countries would view and understand how the event has affected the city and the country
The transportation sector is continually evolving. Whether moving people or products by land, sea, or air, all transportation strategies need to balance proficient network design and operations with rising intricacy, government supervision, environmental accountability, security risks and demands for flexibility and performance from consumers. Transportation solutions saturate all facets of business and comprise about ten percent of all economic action. Global economic disruption and explosive fuel pricing are driving the need for more restricted operations, ground-breaking service offerings, and inspired business models. The capability to manage change and drive continual process improvements are vital to transportation enterprises that want to uphold competitive advantage and survivability (Transportation and Logistics, n.d.).