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In the Push for Faster Ecommerce Deliveries, How Can Logistics Stay Agile?

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In the Push for Faster Ecommerce Deliveries, How Can Logistics Stay Agile?

Today’s consumer isn’t used to waiting. They expect to get whatever product they want, wherever they want it, as soon as possible.  Perhaps nowhere is this more true than in the world of ecommerce. Customers look forward to their online purchases arriving faster than ever – sometimes on the same day that they click “purchase.” And with drone doorstop delivery on the horizon, compressed delivery timelines show no sign of stopping anytime soon.

Faster ecommerce delivery has created revolutionary convenience for consumers, but it’s also generated major transportation hurdles for companies to overcome. As a result, companies that want to deliver ecommerce shipments at the speeds that customers expect need to consider how to adapt all elements of their supply chains.

Managing more intricate logistics

Some companies that raced in to capture an early share of ecommerce market struggled to keep up while also keeping costs down. But that’s to be expected with a more complex distribution model.

Instead of shipping mostly to stores, companies now must determine if their supply chains can quickly move orders to many consumers in many locations. To do this, they must be able to proactively coordinate shipments whether they’re on the ground, on the ocean or in the air. 

Companies can help manage this complexity by taking a more hands-on logistics approach. They should draw on a variety of services and resources, while remaining efficient and visible. 

Many shippers, for example, choose to work with a third-party logistics provider to help facilitate the intricate details of shipments, provide visibility, and help freight arrive in a timely manner. 

Fixed or Flexible?

One of the biggest decisions a company in the ecommerce market will make is how they balance their supply chain. 

For example, a supply chain that’s more focused on fixed infrastructure than the fluid movement of goods can lower a company’s costs in the long run but also make them less agile. While a service-heavy, asset-light supply chain can make a company more flexible but also raise their costs.

Some companies are drawing a line in the sand. Some online businesses, for example, are rejecting ecommerce’s expectation of immediacy. Instead, they’re building supply chains that prioritize volume over speed. 

This has pushed ecommerce sellers to start providing more shipping time options. But it’s still unclear whether having more choices will lead to consumers changing their delivery expectations.

In any case, ecommerce fulfillment encompasses several, often-contradictory considerations of time, cost, and transportation mode. To bring these factors together through informed decision making is a challenging undertaking. But it’s essential for any company that wants to compete as ecommerce continues to grow and its barrier to entry continues to fall. 

Taking the first steps

Data goes hand in hand with ecommerce, so it can be a good area for a company to make its first key investment. 

Specifically, advanced business intelligence and predictive data modeling help companies better understand and forecast consumer demand, and they can then adjust their supply chains accordingly. Through access to this data and integration with service information from their shippers, companies can better identify their priorities and decide where to invest resources. 

Those that don’t know where to start should also know they don’t have to make these big decisions on their own. Industry experts like C.H. Robinson can offer a clear perspective—based on their scale and local experts in offices around the globe—and will understand their specific ecommerce business needs and translate them into productive logistics solutions. 

 

Pros and Cons of Maritime Shipping

For a long time in human history, maritime shipping was the best way to transport your goods across the world. About 71% of Earth’s surface is covered in oceans. Therefore, transporting your goods on a ship to another continent was a relatively straightforward operation in comparison to land shipping. However, with the advancements in technology, air-shipping has become a dominant form of long-distance transportation. Still, this doesn’t mean that maritime shipping doesn’t come with its own unique pros that make it a better choice in some cases. Of course, the cons of maritime shipping exist as well.

The pros of maritime shipping

We’ll begin by discussing the positive aspects of maritime shipping. As we said, in some situations, these advantages will be enough to tip the scales in favor of choosing maritime freight services.

There’s a lot of room on vessels and they can transport heavy goods

One of the biggest advantages of maritime shipping is that ships can carry all kinds of rather heavy goods. You will have to use ocean freight services if you’re running a business that imports or exports heavy objects, as airplanes usually cannot transport such goods. And if they can, the cost of shipping will be very high. Automobiles, various machinery, industrial parts, and so on, are just some of the things you won’t be able to transport by air (if you don’t want to spend a fortune, that is). 

Generally, maritime-shipping companies provide their customers with much more space than their air counterparts. Not only can they transport heavy goods, but they can transport a lot of them. This makes for high competitive rates and allows maritime shipping companies to easily take care of large demands. Whether you’re transporting heavy goods or a very large amount of lighter goods, maritime shipping is your best option.

Maritime shipping is highly affordable

The fact that there’s so much space on cargo transportation vessels means that it’s not hard to find the space for your goods. Then, there’s also the fact that all businesses whose goods are being carried will share the cost of the specific vessel arriving at its destination. It is primarily because of these reasons that maritime shipping is among the most affordable ways to move your cargo. And when compared with its biggest rival in terms of long-distance shipping (we’re talking about air shipping options, of course), maritime freight services are much (much) less expensive. What’s more, with maritime industry reshaping its supply chain, more accurate cost models are now being introduced. 

Vessels are more eco-friendly

When compared with aircrafts, vessels also provide much better options for eco-friendly shipping. Aircrafts use a lot of petroleum, leaving a very large carbon trail. This, in turn, damages the atmosphere. Such carbon trails disrupt the ecological balance and contribute to the negative effects of global warming. Even the slight cirrus clouds that form behind aircrafts contribute to impact these negative effects on Mother Nature.

As vessels don’t use a lot of petroleum, they leave a small carbon trail. In most cases, this makes them a better option for business-owners who are concerned with helping the planet Earth.

The cons of maritime shipping

Now it’s time to talk about the cons of maritime shipping. Depending on the situation, the advantages we’ve discussed sometimes won’t suffice, as these cons could make you choose another form of shipping.

Maritime cargo transportation is slow

If you need to transport your goods quickly, then maritime shipping will prove to be far worse for your needs than air shipping. Vessels usually have a long way to travel and they’re much slower than aircrafts. In a situation where an aircraft would transport your goods in a day or two, a ship would need an entire month to do so (and that is if there are no delays). While the situation is improving and maritime shipping is becoming faster, if you need fast shipping – vessels won’t do.

The key here is in deciding whether faster shipping will bring you more profit. If a much slower transportation speed won’t negatively influence the profits, then opting for much more affordable maritime shipping seems like the right thing to do.

Ocean freight services can suffer from delays

However, keep in mind that ocean freight shipping options can sometimes make your customers unsatisfied, as they’re not as reliable as air shipping options. Namely, ships operate on weekly schedules and different problems often occur. There’s always a good chance that your deliveries will be delayed. And your customers definitely won’t be pleased with that. While you will save some money if you opt for maritime shipping, you better learn how to communicate bad news to your customers

While their goods won’t get damaged, the possible delays will sometimes make your customers choose another supplier. However, if you don’t have a strict deadline and you don’t need to transport the goods very quickly, then maritime shipping could be the best option for you.

About the author: Originally from New Jersey, Alex Durick has been working for bfslebanon.com for three years now. He specializes in freight services related to relocation and also shares bits of knowledge on his company’s blog. Six years worth of experience in the freight business has made him an expert in many areas related to freight shipping, and he’s happy to share his findings with anyone who’s willing to listen.

How Amazon Leads as a Supply Chain Provider

It’s no surprise Amazon made our list of the most successful companies in the supply-chain arena. Amazon is known for implementing game-changing processes that keep competitors on their toes. An example of this is seen through the recently announced Supply Chain Connect FBA program for sellers to utilize. This new shipping platform combines the elements of a centralized portal and increased communication efficiencies. Supply Chain Connect is another way Amazon provides increased visibility from start to finish for both shippers and suppliers.

Another example of supply-chain innovations Amazon offers is the company’s managed blockchain service. This platform allows its customers to seamlessly select a framework, add members and configure member nodes while Amazon Managed Blockchain handles creating a robust blockchain network in a matter of clicks versus the dragged-out process of setting up each step. Additionally, the Amazon Managed Blockchain provides secure blockchain network certificates through the AWS Key Management Service. This service also contains an integrated voting API, giving members immediate access to add or remove other members.

“Many of our customers want to build applications where multiple parties can execute transactions without a central, trusted authority, and they also need to create a blockchain network,” says Rahul Pathak, general manager, Amazon Blockchain at AWS. “Building a scalable blockchain network with existing technologies is just too hard today, and that’s why customers pay expensive consultants to help them.”

“Amazon Managed Blockchain eliminates the muck involved in setting up a network, adding and removing members, and scaling to meet application demands. Customers can use either Ethereum or Hyperledger Fabric, the two most popular blockchain frameworks, and get a functioning blockchain network set up with just a few clicks.”

Successful implementation of a reliable blockchain network creates new advantages for companies while reducing errors that sometimes go unnoticed and lost. With this new technology opportunity for customers, Amazon again sets a new standard for all companies in the supply-chain arena. Customers rely on what works, bottom-line upfront. Even more so, customers are looking to save time to invest in maximizing their own operations.

“AWS has been a great partner in our journey to innovate in the field of blockchain, and with Amazon Managed Blockchain, we are able to more efficiently create a blockchain network and configure our member nodes in minutes,” says Jon Ruggiero, senior vice president, Workday. “AWS’ use of enhanced Hyperledger Fabric enables the blockchain network to be even more robust, scalable and easier to manage. We’re excited for what we’ll be able to accomplish with this service as the number of members and transaction volumes grow.”

Shipment Identification Simplified with Amber Road’s Cargo Screening Solution

Global logistics providers seeking a unique solution to overcome challenges related to trade regulations – such as Know Your Customer, and trying to avoid fines and penalties should look no further than Amber Road’s recently launched Carrier Cargo Screening Solution.

The new cargo screening solution – which is equipped with advanced computational linguistics algorithms and translated technical phraseology, was built to assist carriers in quickly navigating through high-volume, multiple provider shipment challenges and accurately identify prohibited, hazardous, or dual-use goods.

“Global trade requires that companies keep up with ever-changing regulations and standards of reasonable care to maintain their trade privileges,” Nathan Pieri, Chief Product Officer at Amber Road said. “However, the market has been devoid of tools to meet these more stringent examinations. With our new Carrier Cargo Screening Solution, we have developed new content libraries and advanced algorithms to offer a robust supply chain risk platform ideally suited for global logistics providers.”

Amber Road’s Carrier Cargo Screening Solution offers advanced risk scoring capabilities that provide carriers alerts to potential issues within shipments. The solution’s unique use of technology further simplifies processes when problems arise, as it is equipped to resolve issues within the platform.

“We are very excited about the impact our new solution will have in the carrier industry,” said Jim Preuninger, CEO, Amber Road.  “We have solved a critical problem by combining our advanced technologies with our vast experience in linking software with content.  We expect our new offering to generate significant interest and meaningful new subscriptions starting this year.” 

PORT TAMPA BAY GROWS BY LEVERAGING ITS REAL ESTATE AND CARGO DIVERSITY

Diversity among seaports is a concept not only understood but exemplified with Port Tampa Bay. Known as Florida’s largest seaport in both acreage and tonnage, with more than 34 million tons of cargo handled annually, Port Tampa Bay demonstrates industry breadth through its cargo diversification, cruise passengers and real estate strategies to keep pace with the central part of the Sunshine State’s blistering growth.

Through its purposeful investment and master planning approach, the management team has made great strides in recent years connecting transportation methods, logistics, warehousing and even manufacturing to support and grow the region’s largest economic engine. As its 2018 fiscal year saw an unprecedented number of major announcements related to growth, Port Tampa Bay is already seeing more growth in fiscal year 2019.

Cargo diversity, real estate and proximity to growth are the major differentiators that have enabled Port Tampa Bay to leverage itself and grow. 

“I found a tremendous convergence of opportunity when I arrived,” said Paul Anderson, Port Tampa Bay’s president and CEO. “I knew I wanted to maintain and expand a diverse portfolio, capitalizing on our land assets and building the infrastructure to serve more customers and Florida’s growth more efficiently.”

As a result, officials understood that Port Tampa Bay’s most valuable position within the market could only be achieved through analyzing industry benchmarks, investing in infrastructure and capitalizing on opportunities by listening to the perspectives of carriers and beneficial cargo owners before implementing strategic initiatives. By gaining a thorough understanding of market conditions on a domestic and international level, Port Tampa Bay has successfully become the largest economic influencer in the Western Florida region, responsible for a more than $17 billion in economic impact while generating more than 85,000 jobs.

Port Tampa Bay’s cargo portfolio includes all major categories, from liquid bulk and dry bulk to containers, automobiles, break-bulk and more. Additionally, the port serves as one of the largest shipbuilding and repair handlers in the Southeast United States. It is also a top 10 cruise homeport, and last year the 1 million mark was surpassed for passengers sailing from Port Tampa Bay.

One of the world’s premier fertilizer export ports continues leading in both the liquid and dry-bulk arenas, thanks to the likes of global exporters Amalie Oil and Mosaic. Through these connections, Port Tampa Bay supports the reach of more than 100 countries and helps to feed the world.

On the break-bulk side, Tampa Tank/Florida Structural Steel helps to anchor several steel fabricators and related businesses, making the port a significant mover in this business segment. Furthermore, the port has developed about 290 acres of land to help continue its efforts handling steel, dry bulk and other commodities. 

Furthering its diversity and strategic master planning approach, the port developed a new on-dock cold storage facility and a dedicated automobile terminal fully equipped to process the anticipated expansion of vehicle production in Mexico and the Southeast.

Looking to the future, Port Tampa Bay has major plans in the works to expand overall capacity and infrastructure from docks and terminals to land tracts and parcels supportive of increased containers and break-bulk cargos. A total of $380 million is projected to support the port’s expansion efforts over the next five years. Through this budgeting and robust development planning, the port projects expanding its container terminal capacity to 160 acres–essentially quadrupling current capacity and attracting new services.

All of this vision, planning and investment has already paid off in a couple of very big ways. COSCO Shipping in December announced Port Tampa Bay’s first direct Asia weekly call service, followed by a second announcement in February by CMA CGM to expand its global container reach. Secondly, in April, Port Tampa Bay completed a major navigational improvement on its Big Bend channel, deepening and widening to accommodate larger ships.

More accomplished was how the project was pulled off: by first assembling a public-private partnership that included five stakeholders and maintaining its cohesiveness for several years. The improved channel can now service the approximately 290 acres of new terminal operations and capacity among port tenants.

Throughout all of Port Tampa Bay’s projects and new business expansion are the common themes of vision, strategic planning, investment and expertise. “That and listening to what our customers need to increase their efficiency and/or speed to market is what it is all about,” Anderson says.

These elements continue to provide Port Tampa Bay with ideas that increase economic impact, import/export efficiencies, and just as importantly, sustainable growth.

South Carolina Confirmed for DHL Commerce Park

Q1 2020 is the official completion date set for one of the three buildings to make up the DHL Commerce Park in Dorchester County, South Carolina. The company confirmed last week the $100 million investment will comprise of three buildings making up the entirety of DHL Commerce Park, creating a massive warehouse and distribution park spanning 1.7 million square feet to support efforts focused on port-related logistics.

“We have seen significant growth in this area of the country and customers are even asking us to evaluate opportunities in South Carolina specifically,” said Steve Hess, Vice President, Real Estate Development, DHL Supply Chain. “With that in mind, we got ahead of the curve to offer premier facilities in one of the hottest emerging markets in the country.”

An estimated 450 jobs are projected to come from the investment as the completion and opening of DHL Commerce Park will be done in phases. DHL Real Estate Solutions is a standalone product directly involved in the production of the project by providing specific real estate solutions.

“South Carolina Ports Authority is seeing significant distribution center and warehousing activity in our region, driven by port users who rely on our marine and inland facilities to handle growing import volumes bound for consumers across the Southeast,” said Jim Newsome, SCPA president and CEO. “DHL Supply Chain will play an important role in supporting the logistics needs of multiple port-related business segments, and we look forward to the opening of their new facility.”

“With a favorable geographic location and robust port and infrastructure assets, South Carolina offers unparalleled global connectivity,” said Bobby Hitt, South Carolina Secretary of Commerce. “This $100 million investment by DHL Supply Chain is a testament to our unique ability to move products around the world, and I congratulate this great company on this tremendous announcement.”

What Transportation Professionals Need to Know About the U.S.-Mexico Border Situation

On March 27, U.S. Customs and Border Protection issued a notice detailing the re-assignment of over 750 officers from various ports of entry along the U.S.-Mexico border to help process people crossing the border. This past weekend, rhetoric increased significantly regarding the potential of closing the border completely. While this threat is not new, it certainly feels different this time around, and specifically raises questions for those involved in regular cross border freight movements. With the news that Secretary Nielsen is cutting short a trip to Europe, what can supply chain professionals anticipate regarding cross-border operations?

Fluid announcements

We have seen over the course of this administration that policy is often refined and revised from the first announcement or tweet to the final policy implementation. It is clear that the White House has received tremendous feedback from businesses regarding the impacts of border delays and closures across the country. It appears that some type of new policy is being seriously considered at the border, but as of today the final details are still to be determined.

Scenario planning

While we may not know if and how policy may change and impact freight for a few days or weeks, we can scenario plan for a reasonable number of outcomes. Some of those may be:

-A temporary total closure that aims to extract policy goals much like the government shutdown in January

-A partial closure at the border based on type of vehicle, product, or mode

-A partial closure at the border based on port of entry or days of the week to reassign more resources to processing people

-Continued uncertainty as policy making is delayed

Supply chain strategies

In addition, supply chain professionals can consider the following strategies to mitigate U.S.-Mexico border delays in an uncertain atmosphere:

Look for opportunities to convert modes of services

With possible closures effecting ports of entry along the U.S. southern border, additional planning will be needed. Work with your account managers and transportation service providers to review time critical and urgent freight shipments. Access a broad network of transportation modes to mitigate against the risk of closures by leveraging air and rail services to make sure your freight keeps moving.

Utilize warehouses and secured carrier yards as drop points

Should your freight get stuck at the border due to the closure, make sure your transportation service provider has secure trailer yards and warehouses to temporarily store your shipment. If the freight can be delayed prior to dispatch, consider holding the shipment at your facility to diminish unplanned demurrages and delay in transit.

Get your customs documents in order

Work with both your U.S. and Mexican customs broker to pre-validate all customs documents prior to dispatching your shipment. Additional delays can be avoided once the ports of entry open by making sure all paperwork is correct and ready to be transmitted immediately to customs. This includes verifying all commercial invoices, certificates of origins, POAs, Bills of Lading, and special import/export permits.

Actively communicate with your procurement team

Make sure that all internal team members and external customers understand the current volatility and are validating purchase orders before being shipped to or from the border. Should port of entries close, and commercial traffic disrupted, freight arriving to the border without prior preparation could experience significant clearance delays.

Resources to monitor the situation

C.H. Robinson will be issuing a client advisory daily on the U.S.-Mexico border situation with both on the ground updates regarding port delays and operational impacts, as well as policy updates from Washington, D.C.

THE FABULOUS 5: TOUCHING DOWN AT AMERICA’S TOP CARGO AIRPORTS

The U.S. air cargo market has been increasing at a steady clip. The economy has officially rebounded and in 2017 alone roughly 61.5 million tons of freight moved via airlines worldwide. Cargo airlines enjoyed healthy revenues of $95.9 billion, and there are a handful of American cargo airports that surged into 2019 as a result. 

Memphis International Airport (MEM)

The leader of the pack, MEM is No. 1 in the U.S. and No. 2 globally. Hong Kong is the worldwide leader with Shanghai-Pudong following at No. 3.

At MEM, FedEx is a massive player and responsible in a large degree for Memphis’ substantial activity. The global delivery company accounts for roughly 99 percent of cargo that passes through Memphis every day. In fact, MEM registers 450-plus arrivals and departures daily.

FedEx maintains 40.9 million square feet of space (under lease) at MEM, and the sheer volume that FedEx moves allows the airport to maintain competitively low landing fees. This is the goal of every airport and MEM is gaining on the big boys globally as a result.

Ted Stevens Anchorage International Airport (TSAIA)

Three Air Cargo Excellence (ACE) Awards went to TSAIA, the No. 2 in U.S. cargo volume. Alaska is a bit of an outlier, figuratively and literally, but unbeknownst to the larger public, most big cargo airlines stop off at Ted Stevens to refuel as it is nearly halfway between Beijing and New York. There are planes that can fly non-stop from China to anywhere in the U.S., but they typically possess less cargo. If one prioritizes cargo over time, then greater cargo space planes equate to increased revenues as more refueling is necessary.

Ted Stevens’ spokespeople are famous for pointing out that the airport is less than 10 hours from 90 percent of the modern, industrialized world. Growth rates for air freight have skyrocketed over the past handful of years. In 2014, airlines transported an impressive 40 million metric tons of goods. However, that was less than 1 percent of world trade (measured by volume). Today, air freight is more than double that of shipping.

Ted Stevens comes in fourth in the world, and their ground handlers can nimbly turn a cargo plane around in less than two hours. The airport is named is after the late U.S. Senator Ted Stevens (R-Alaska), a master tactician who was able to funnel a tremendous amount of federal funding to Anchorage, which aided in the construction and maintenance of runways and the city at large. Roughly one in every 10 jobs in Anchorage is directly or indirectly (third-party providers, etc.) related to the airport.

Louisville International Airport

As with MEM and FedEx, when one thinks of Louisville International Airport, UPS springs to mind. United Parcel Service counts on a 5.2 million-square-foot processing facility that can sort a whopping 416,000-plus packages an hour. UPS maintains 12 sorting hubs and Louisville is by far the largest. With a 7.2-mile perimeter, the size of the runways dwarfs the passenger terminal.

But why Louisville of all places, you ask? First, the city has good weather and is only 2.5 hours from approximately 75 percent of the U.S. population. Zappos has set up shop nearby and Sprint and Nikon also use UPS for nearly all their shipping.

UPS’s Worldport is the largest, automated package handling facility worldwide. An impressive 300 flights arrive and depart daily, with December being the peak holiday shipping season.   

O’Hare International Airport (Chicago)

On the heels of completing the second phase of a brand new cargo facility, don’t be surprised to see O’Hare jump a couple spots next year. In 2017, their cargo volumes were up by 15 percent, which makes yet another record year for freight arrivals and departures.

Financed by a $160 million investment from Aeroterm and roughly $62 million from the airport, the Phase II building measures a whopping 240,000 square feet. Once all phases are complete, 800,000 square feet will be available, which means up to 15 widebody aircraft will have the ability to unload at any time at O’Hare.

Trade with Asian countries is growing annually, with China being the top destination. Unsurprisingly, DHL also counts on a strong presence at O’Hare, namely a 54,000-square-foot gateway that cost $10 million to develop.   

Miami International Airport (MIA)

MIA got off to a hot start last year, registering 4 percent growth in freight tonnage over the first three months. In fact, by the end of the year, MIA witnessed an increase of cargo volumes by 60,000 tons thanks to three new carriers. But perhaps most exciting for the fifth largest cargo airport in the States is their new partnership with Amazon Air.

A twice-daily freighter service was announced by Amazon Air last October, which made perfect sense being that the largest retailer on the planet already occupies four warehouses in Miami-Dade County alone.

MIA was up 17.25 percent in domestic cargo tonnage and 1.78 percent in international cargo tonnage in 2018. Demand from Latin America e-commerce is expected to be red hot, which should equate to potential record profits for MIA.     

While the major U.S. airport players in air cargo are clear, nipping at their heels are the likes of Indianapolis, Los Angeles, Cincinnati/Northern Kentucky and John F. Kennedy (New York). The economy is humming, which means all these cargo hotspots are well into a busy 2019. Happy shipping!

Kuehne + Nagel’s Sea Explorer Platform Extension Streamlines Operations

Kuehne + Nagel, a global leader in supply chain solutions, announced the expansion of its ocean freight platform Sea Explorer, a digitally rooted service network that bridges the gap between more than 1,200 international ports using its advanced algorithm. Expansion efforts will come in the form of adding capabilities with service connections and transshipments. It was reported that more than 63,000 port pairs and key inland locations across the globe are connected to weekly services or transshipment options.

“This extension takes Sea Explorer to the next level and complements Kuehne and Nagel’s intelligent sea freight offering; it is the smart platform for all liner services in container shipping,” says Otto Schacht, member of the Managing Board of Kuehne + Nagel International AG. “With powerful features, like comparing realistic lead times for direct services and an intuitive navigation, customers will be able to unlock new opportunities for their day-to-day operations.”

This marks the first time a platform provides full visibility on CO2 emissions across carrier and individual services, according to Schacht. “Also, in the light of the upcoming IMO 2020 regulations, this will enable shippers to contribute toward a green economy and sustainable global maritime transportation,” he adds. “Kuehne and Nagel leverages big data technology capabilities and information from the operational system to grant unique insights to sea transport options.”

Kuehne + Nagel’s innovative platform is a prime example of taking proactive measures to understanding market demands while tuning in to competitor strategies. These measures are critical to maintaining the competitive advantage while providing expert solutions.

Utilizing digitization–effectively and wisely–can determine how satisfied your customer base will be at the end of the day. Longevity serves as another benefit to digitization. No company wants to lose customers due to antiquated methods that create additional roadblocks. Digital solutions come with a priceless advantage: time savings.

New Blockchain Technology for 2019

As digitization and technology solutions continue to be the focus for trade experts, IT Solutions company CyberLogitec announced the creation and launching of their new blockchain focused solutions platform. The company, known for its work in providing solutions in the ports and terminals sector, confirmed this initiative will be implemented for all IT solutions in 2019.

The solutions, deemed as FREIGHT9 and OPUS9 pave the way for a purely digital system for maritime businesses, eliminating the hassle of paper-based documentation for all shipping. This is another prime example of the rapid pace of digitization within the trade sectors.

The total elimination of inefficiencies is the goal of many trade professionals, starting with paper-based systems and operations. With global trade shifting at a fast pace, companies must rely on technology-based solutions to keep up and maintain operations on a holistic level, reducing risks and duplicate efforts.

“The company aims to set the highest standards of innovation and excellence in the logistics ecosystem. It is hoped that as the logistics industry players adopt blockchain technology, the full potential of blockchain will be realized, and global trade will be boosted,” commented CyberLogitech in response to the news.

Source: Port Technology