Tracking devices on board cargo vessels are serving as the foundation of a highly efficient global supply chain powered by AI.The global shipping industry is undergoing a major technological transformation that will make the movement of goods faster, cheaper and more reliable.
“Knowing where things were became a big issue,” he says. “They would park cargo containers literally anywhere they could, and then they wouldn’t remember where they were. They couldn’t locate them because the ports were all full or they were sitting on boats in the ocean. It was an absolute disaster from a logistics perspective.”
With this information, Mr. Rawlings says manufacturers can better manage their inventory and production levels, better predict when their goods will reach customers, and find more efficient transportation routes. When the onboarding cooling system inside a container ship fails it has the potential to spoil products worth hundreds of thousands or even millions of dollars, and such losses are often only discovered once the ship reaches its destination.
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