SupplyChain Magazine August 2022 | Page 16

TRAILBLAZER

Dr Chris Caplice

JOB TITLE : FOUNDER & C0-DIRECTOR
COMPANY : MIT FREIGHT LAB
Dr Chris Caplice of MIT is one of the most decorated and influential thinkers around freight and logistics .

Dr Chris Caplice is a pioneering freight academic at the Massachusetts Institute of Technology ( MIT ), where he has established a reputation as one of the world ’ s foremost authorities on logistics .

Dr Caplice founded and co-directed MIT FreightLab , a position he held for 14 years . The purpose of the FreightLab is to drive innovation in freight transportation planning and operations , and then drive them into practice . The ultimate goal is to reduce cost , minimise risk and increase service levels .
“ Freight transportation is subject to highly volatile demand and costs that are typically outside of a firm ’ s ability to control or even influence ,” Caplice is on record as saying . “ This is compounded by a dominant design in terms of how freight is historically procured and managed . FreightLab research focuses on working with companies to develop and implement real-world solutions to these challenges .”
FreightLab many achievements include developing methods for forecasting both short-term spot-market rates and longerterm contract rates .
16 August 2022