FREIGHT IS WORTH a trillion dollars a year . In the western hemisphere , 90 percent of everything that is eaten , worn or used is shipped by this behemoth industry .
TECHNOLOGY
FREIGHT IS WORTH a trillion dollars a year . In the western hemisphere , 90 percent of everything that is eaten , worn or used is shipped by this behemoth industry .
With consumers and business so dependent on the capacity , capability and efficiency of the freight industry each and every day , the fact it has effectively sleepwalked through the rise of connectivity and remained offline in the 1990s is somewhat surprising . Name a well-established industry with ceaseless demand and you are likely to find a price comparison website or online commerce portal . Shipping , however , was not one of those , at least until Freightos burst onto the scene last year .
“ So why hasn ’ t this been done before ?” asks Zvi Schreiber , the company ’ s Founder and CEO . “ The truth is that it is complicated . In the airline space , even before the likes of Expedia , there were systems for getting prices like Amadeus and Sabre which helped travel agents to sort their pricing .
“ The data was already there . In international freight it wasn ’ t like that – there was no standard electronic feed for prices of getting ships or planes or trucks . The data is spread around the world in thousands upon thousands of Excel files .”
22 April 2017