Don’t fear Supply Chain visibility – Embrace it to beat the monster

supply chain efficiency

Supply chain visibility remains a hot-button topic for supply chain executives. When executed correctly, it can open the door to new efficiencies, contributes to higher profitability, and reduces risk.

Meanwhile, the premature launch of systems and processes can dramatically add to costs. As Halloween approaches, poor implementation of visibility-gaining systems will reveal a monster.

This monster cannot die; it’s not susceptible to daylight or even the most intense of prayers. Instead, the supply chain visibility monster looks to show exactly every facet of an operation, including those you wish stayed hidden.

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Digital Standards for the shipping industry

digital standards

A Standard may be defined as a repeatable, documented and harmonized method of doing something, whether it relates to the manufacturing of an item or managing a process, quality of material etc..

Standards contain technical and documentary specifications or other information required to be used consistently as a rule, guideline, or definition..

Shipping is an industry that is currently deep in the process of digital innovation and enabling.. Several digital initiatives are being driven simultaneously by several groupings within the industry..

One thing that has been missing is the STANDARDS for all these digital services, but it seems that is also being addressed and Digital Standards are on the way..

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TradeLens garners more support

shipping and freight news

From the time the collaboration between Maersk Line and IBM was announced in January 2018 and the creation of TradeLens in August 2018, the blockchain-enabled shipping solution designed to promote more efficient and secure global trade had many naysayers with predictions of the platform doomed to fail..

Because this platform was initiated and created by Maersk Line, the world’s largest container shipping line, along with IBM there were concerns by other carriers about joining the platform as there was no equal footing for them..

Fast forward 11 months to 2nd July 2019, TradeLens seems to have overcome the initial jitters, fears and concerns and now has the support of Maersk Line, Zim Lines, PIL, CMA CGM, MSC, Hapag Lloyd and ONE..

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Maersk hits the Spot..!!

shipping and freight news

Shipping lines are evolving digitally day by day.. I wrote previously how digital shipping lines are countering the advances of digital freight forwarders..

In its latest digital offering, Maersk Line, the world’s largest container line has introduced an online product aimed at making the booking process for containers simpler and more efficient..

Apart from being fully digitally enabled, what makes this product “Maersk Spot” stand out is that it comes with a cargo loading guarantee at a fixed price upfront..

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