LOGISTICS
Standardisation will facilitate both the sharing and the analysis of the data that would enable cargo owners to plan further ahead , avoiding situations that might lead to long wait times .
Supply congestion is a multifaceted issue that stretches up and down the supply chain . The further we can share information up and down that chain , the better – and standardisation makes this easier to achieve .
Are governments helping to make standardisation happen ? RP : Aside from customs and security data – where governments are taking leading roles – for the most part , the global network of private enterprises engaging in supply chain is helping make it happen . Businesses that are able to model accurate data have an advantage over their competitors that don ’ t .
while helping to formulate innovative supply chain solutions .
JV : Optimising port arrival time is critical , as port congestion issues continue to cause increased delays and emissions . In-port congestion , for example , could be managed by methods such as slow steaming – when a ship reduces its speed to between 12-19 knots – to achieve just-in-time arrival , with an agreement to share any benefits with counterparties . Having an accurate , common view of relevant voyage data can help drive optimal decision making for multiple parties in such a scenario .
Are the super-rich shipping companies helping fund the move to data standardisation ? RP : In a company , it is always a balancing act between returning profits to shareholders versus forward-looking R & D . Some will focus on improving their data , people , and the overall services they deliver to the customer ; others will not . Apex Logistics International has opted for the former .
JV : This question , and the one about government support , are linked . Freight rates are constantly moving up and down , so to put the funding of standardisation on any one group based on near-term financial performance is a mistake . This is – and needs to be – driven by the entire industry . Owners , charterers , brokers , agents , software platforms and other vendors all have a role to play in driving the development and adoption of standards in the industry .
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