Affordable tech makes waves in the slow-to-modernize shipping industry

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 41 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 65%
  • Publisher: 92%

Ordid3144484715edit News

Adveditorial,Appwebview,Goods

The Globe and Mail offers the most authoritative news in Canada, featuring national and international news

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top stock ideas from BMO’s chief investment strategistDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globebusiness - 🏆 31. / 66 Read more »

‘Quality is on sale. Act now’ on oil stocks, says RBC analystThe Globe and Mail offers the most authoritative news in Canada, featuring national and international news
Source: globeandmail - 🏆 5. / 92 Read more »