Stock Photo: Avigator Fortuner/Shutterstock Total Views: 66 September 20, 2024 Share this article The Digital Container Shipping Association (DCSA) has released its “State of the Industry Report 2024,” highlighting significant advancements in digitalization within the container shipping sector. Drawing on insights from 400 cargo owners and 45 industry leaders, this report outlines strategies to overcome obstacles and enhance efficiency, customer satisfaction, and sustainability throughout the supply chain. The report reveals growing adoption of digital tools and standards, while also identifying areas for improvement. Key findings indicate that 86% of cargo owners view digitalization as a means to enhance operational efficiency. Ports and terminals emphasize its role in enabling scalability, while banks point to its potential for risk reduction. The report also notes that digital standards are crucial for seamless operations across the supply chain. The DCSA, whose members include some of the world’s leading ocean carriers such as MSC, Maersk, and CMA CGM, has championed the adoption of electronic bills of lading (eBL) in the sector. The organization argues that transitioning from physical paper bills of lading could yield $6.5 billion in direct cost savings and facilitate $30–40 billion in annual global trade growth. This shift would not only […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
