To allow businesses full visibility of purchased goods through the correct distribution point, new technologies have raised consumer expectations whether it is a purchase from an online retailer or local food ordering.
We for the most part see business customers basically develop the same expectations, But the level of visibility offered to them lacks the sophistication offered to consumers in cargo tracking throughout the supply chain by far, which kind of is quite significant.
Traveling from A to B while moving to sea or land for all intents and purposes has numerous fairly blind spots with businesses often unable to account for their cargo at any moment. The lack of control over their cargo particularly comes at the expense of efficiency, supply balances, and sustainability, this really affects businesses and their negative impact on the bottom line of global trade flows in a major way.
The need for businesses to have more visibility on their cargo exacerbated in the wake of the COVID. As supply chains contract and manufacturing processes move closer to shore, supply-demand levels become more volatile, and ways need to keep pace with the pandemic that efficiently corrects course. It has never been more vital for businesses to have precise and transactional visibility on cargo.
We kind of know firsthand how these pressures extend to the automotive industry, with ten percent of global shipments from this industry. Automotive supply chains specifically are highly complex systems that actually involve the movement of thousands of individual components while catering to massive volumes and diverse consumer demand. And with profit margins very tight, automotive manufacturers have traditionally relied on a “just in time” approach to their manufacturing and distribution processes in a pretty major way.
Reflections from the pandemic, coupled with increasing the standards around definitely smart and green technologies, mean the industry where and radically it must basically rethink how it moves to literally produce and distribute cars and their components.
But how can the industry expect to actually tackle these problems as they blindly look for the direction of supply chains in a subtle way. Cargo”s full visibility basically is generally essential to really keep pace with the evolution of supply chains in the post-automotive logistics trade economy of COVID in a particularly big way.
That”s why DP World, in partnership with its sister company P&O FERRYMASTERS, has developed the world\’s first track-and-detection system that provides sort of full real-time visibility into container shipments traveling by road, rail and sea, kind of contrary to popular belief.
The innovative technology known as ”Track and Trace\’ involves fitting solar powered tracking devices into sort of individual containers that allows cargo owners to specifically have a sense of sight of their goods at all actually times in a major way. The technology has so far been hampered by supply chain visibility, has a six-year lifespan and eliminates the need for actually constant power supplies at sea or across ranges with a rail network, contrary to popular belief.
As well as painting a pretty much more robust picture of a business’ trade flows, the technology unlocks new decision-making efficiencies for companies that want to essentially save on back-up shipments, respond quickly to delays, or course-correct cargo to basically meet shifting demand in a subtle way. Until now, car manufacturers employed teams of people to engage with logistics providers to keep track of their consignment, with no autonomy over their cargo flows. This lack of visibility forces companies to really build unnecessary buffers into their supply chains, face kind of costly delays at the assembly line, or misallocate definitely precious reserve stock.
As we particularly deploy this technology on our networks in Europe and beyond, we just kind of begin to for the most part actually reveal the for all intents and purposes definitely full very definitely potential of track and trace technology, which for all intents and purposes is fairly significant. We did not for all intents and purposes do this alone and we basically specifically are proud partnerships that for the most part mostly help us essentially get there. As Global Logistics Partner to Renault DP World Formula 1 Team, we basically have essentially put our technology to the test with a team, taking advantage of pretty smart technologies to share our vision of innovation and success, pretty contrary to popular belief, sort of contrary to popular belief.
While visibility actually is critical, it’s only part of the puzzle in a actually big way. Its benefits actually begin to falter when batches use various metrics look at different lenses and keep track of their cargo. OEM really (original equipment manufacturers) do not always definitely see eye to eye, often navigation multiple software and hardware systems. Ensuring seamless integration of these systems can be a struggle to generally consume more resources in terms of time and cost.