Digital Trade – Why Ocean Carriers are Embracing TradeLens

World Economic Forum (WEF) writes on LinkedIn about digitalization of trade.

International trade is underpinned by #logistics – the people and companies involved in moving the goods, and processing all the paperwork, that goes with it. This means data needs to flow between seller, buyer, shipping lines, clearing agents, ports and terminals, trucking companies, and customs and other government agencies.

That used to be done on paper, and some of it still is. But even when it’s digital, each stakeholder often has their own system that doesn’t talk to the others, creating inefficiencies and costs that are ultimately borne by the traders and eventually consumers.

But what if there was another way? What if data from a single source could be shared securely with all concerned actors in the supply chain? This video shows how IBM and the biggest supplychain actors such as A.P. Moller – Maersk, MSC Mediterranean Shipping Company, CMA CGM and others are collaborating to create an open platform that could do just that.

Watch this video: Digital Trade – Why Ocean Carriers are Embracing TradeLens