IoT and emerging smart technologies could prevent shipping errors and accelerate deliveries.
Consider the race to get COVID-19 vaccines to the public: one of the biggest obstacles could be transportation. That kind of access to real-time shipment data has the power to transform the transportation and logistics industry at a time when transformation is critical. "We already saw before the crisis that companies are looking at how to reposition themselves in this new environment," says Jules Kollman, managing director of structured finance at ING. "This transformation will accelerate through the crisis as well.
The process includes providing the end user with global apps they can use to track containers and the delivery status and book containers on a platform from anywhere in the world.