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The Digital Transformation of Maritime Freight
The maritime container shipping (dry and reefer) industry boasts the largest value in the supply chain, with a material impact on many countries’ gross domestic product. According to the World Shipping Council (WSC), the trade value is more than US$4 trillion in goods on an annual basis. Approximately 6,000 maritime container ships are active at any given point, along global seas and waterways. This industry is a critical part of the often manual, fragmented, inefficient, and expensive End-to-End (ETE) supply chain.
Transformative opportunities abound from the fragmented industry, with many family-owned companies generating hundreds of millions of data points each day, with nowhere near the transparency, security, environmental health, and efficiencies optimized. Opportunities and challenges lie in the total lack of data standards, with even digital providers scouring masses of spreadsheets daily for pricing.Continue
Reports & Data
The maritime shipping industry is starting to realize the benefits of digitization and the IoT. Adopting Big Data and analytics technologies, among others, in addition to carefully aligning acquisitions and partnerships, are good first steps.
It is believed that of the 612,000 bridges in the United States, more than 130,000 – over 21% - are either functionally obsolete or structurally deficient. Eighty-seven of these bridges are in Palm Beach County, Florida and the full list even includes iconic infrastructures such as the Brooklyn Bridge. Over one in four of the bridges are 50 years old or more, without having had any major reconstruction. About 55,000 are estimated to require significant repairs and unfortunately, these bridges are crossed 185 million times per day. At the current rate, it will take about two decades to repair just the bridges currently identified.
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