Leading hyper growth FINTECH in trade and supply chain finance #dltledgers has appointed Sanjeev Chatrath as their new Chief Revenue Officer with over 25 years of experience in Financial Services, Data, and Information Technology Industries, consulting across Asia-Pacific and the MENA region. Based out of the company’s Singapore headquarters, he will focus on building further product release and GTM across its 5 regions and execute on its planned geo expansion into Europe.
Be it any business, success and growth depend on the optimization of every process. Likewise in logistics, order fulfillment in the warehouse plays a critical role in its success. Though this process looks simple it probably isn’t.
MSC Mediterranean Shipping Company, a global leader in container shipping and logistics, is officially introducing the electronic bill of lading (eBL) for its customers around the world, following a successful pilot phase, using a solution on an independent blockchain platform WAVE BL.
For many customers, the shipment of timber products can be as problematic as it is valuable as it requires close coordination between the various parties..
Speed to market is quite crucial in this business, as is slow steaming or longer transit, to avoid tariff increases in some cases or to adjust the delivery schedules to suit the customer’s requirement..
All these factors together determine the actions that the timber companies must take in order to have a competitive advantage in the market..
Centersource Technologies, an independent digital marketplace and supply-chain automation platform has released a White Paper that provides answers to these questions..
Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine member carriers – MSC, Maersk, CMA CGM, Hapag-Lloyd, ONE, Evergreen, Yang Ming, HMM and ZIM has released IoT standards for remote Reefer container monitoring on board vessels..
Industries across the world are witnessing a wave of digital transformation through disruptive technologies that promise to change the whole landscape of how things are done.
As an industry, forestry has not been left behind, and digital transformation has made its way into it.
However, technological advancements have surprisingly not made many changes in the processes within the industry.
- We indeed have various software to speed things up with operations but are we really automating processes?
- Have we been able to eliminate brokers or intermediaries who claim to facilitate processes within the industry but actually add layers that translate to complexity?
BIC (Bureau International des Containers) and DCSA (Digital Container Shipping Association) today announced completion of their collaboration to standardize the codes used to identify facilities such as depots, container yards, M&R vendors and other supply chain container facilities.
A research report by Paul Zhang, Founder & CEO of FreightPaul, a Chinese digital freight forwarder explores the digital landscape among Chinese freight companies including the various digital tools used by these companies..
The report outlines the process of digitalization in the freight industry of China and how usage of digital tools such as cloud computing, data analytics, and artificial intelligence techniques is enhancing the service of transportation and speeding up the process of movement of goods from warehouses and factories to the final consumers.
Digitalisation is the use of digitisation (the transition from an analog format to a digital format) and digital technologies to convert your business to a digital business..
Digitalisation has been the buzzword in the shipping and freight industry in the last decade.. Its influence and coverage in the industry is increasing day by day..
Apart from the increase in efficiency and speed to market, one of the main advantages of digitalisation is cost saving..
There are several areas where cost can be saved using digitalisation.. Central among this cost saving opportunity is Time which is an important commodity and when it comes to shipping and freight, time is really money..
Digitalisation can assist customers a great deal in terms of saving cost on avoidable costs..
Ship agents and shipbrokers have been active in the industry since the beginning of commercial shipping and that coffee shop in London and have been playing an important role in the provision of services to various ship and cargo owners..
Digitalization is now changing the environment in which ship agents and also ship brokers operate, and we are seeing new and adjusted services emerging as ship agents and shipbrokers continue to strive to enhance service levels and provide added value to their principals..
This article by Mikael Lind, Research Institutes of Sweden (RISE), Jonathan C. Williams FICS, FONASBA, Sue Probert, UN/CEFACT, and Juan Carlos Croston, Manzanillo International Terminal (Panama) takes a look at how the traditional roles played by the ship agent and shipbroker might change in this digital shipping environment..
Leading freight transport and logistics insurer TT Club is reflecting the evolving digital landscape in its new logo and revamped website. Increased accessibility to data, information and streamlined processes are the key aims of the insurance specialist’s investments in digitisation.
Although COVID-19 has accelerated digitalisation, TT had already embarked on its path to digital transformation.
Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine-member carriers, today published standards for the exchange of operational vessel schedules (OVS).
“There is an urgent need for inter-governmental organisations, governments and industry stakeholders concerned with maritime trade and logistics to come together and accelerate the pace of digitalisation“..
This is the message from several industry bodies representing a range of shipping, port, cargo handling and ship operating organisations..
An increasing need for container tracking
In today’s global trade, handling of container transport and supply chain is not that easy and comes with a plethora of problems. Lack of visibility is one of the main problems that customers face.
Lack of visibility of a shipping container’s location and its condition during a trip may lead not only to unexpected delays but also to possible theft and deterioration of goods especially if these problems are noticed far too late.
Without visibility, shippers cannot expect the fastest, safest and importantly, the most ecological routes for their shipments.
Time saving and product quality are key factors in a well functioning supply chain, and more and more companies are looking to choose solutions that provides visibility of their shipments.
As we have seen and read, the digital advances in the shipping and freight industry has given rise to the “digital shipping line“ with several shipping lines providing several digital services to customers either on their own or through digital alliances or associations such as TradeLens and Digital Container Shipping Association (DCSA)..
In line with this, Evergreen Line became the latest shipping line to provide digital services to its clients, fulfilling its mission to provide the most optimized service to its customers..