data

BoxC links with FDA for faster e-commerce customs clearance

Global shipping platform BoxC announced that through a data-sharing initiative with U.S. Customs and Border Protection its e-commerce merchants shipping Food and Drug Administration-regulated products will have the capability to send products individually to the U.S. and receive the same clearance rate as bulk shipping.

Chad Schofield, co-founder and chief digital officer at BoxC, told FreightWaves the difficulties e-commerce shippers face when getting their products into the United States.

“Tradi...

Reducing Bias And Protecting Your Privacy With AI

Artificial intelligence (AI) already impacts our daily lives in ways we never imagined just a few years ago – and in ways that we’re unaware of now. From self-driving cars to voice-assisted devices to predictive text messaging, AI has become a necessary and unavoidable part of our society, including in the workplace, reports The Enterprisers Project.

The need for responsible AI

Any consumer-facing organization that employs AI technology must act responsibly, especially when customer data is...

https://mfame.guru/reducing-bias-and-protecting-your-privacy-with-ai/

ZeroNorth: The shipping industry cannot take decisions in isolation anymore

The shipping industry cannot take decisions in isolation anymore and must understand the true impact of decision-making, according to ZeroNorth, a Denmark-based digital company that aims to accelerate maritime decarbonisation.

The post ZeroNorth: The shipping industry cannot take decisions in...

https://www.offshore-energy.biz/zeronorth-the-shipping-industry-cannot-take-decisions-in-isolation-anymore/

Wärtsilä Voyage: Data will be crucial for maritime industry’s green future

Data will play a central role in helping the maritime industry comply with the new regulations on Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII), as well as achieve its environmental, regulatory, and commercial goals, according to Sarah Barrett, Product Insights...

https://www.offshore-energy.biz/wartsila-voyage-data-will-be-crucial-for-maritime-industrys-green-future/

Hapag Lloyd to start real-time box tracking

World map with transport
Credit Gerd Altmann via Pixabay.

Container shipping company Hapag Lloyd will begin mass installation of real-time tracking devices on its containers at its depots worldwide.

“The new technology will offer us the advantages of being able to create visibility, detect delays earlier, automatically inform any affected customers, and initiate the appropriate countermeasures,” the company said in a statement, adding that the move will help make supply chains more transparent and efficient.

The devices...

https://www.shippingaustralia.com.au/hapag-lloyd-to-start-real-time-box-tracking/

US Federal Maritime Commission intends to use the work of the DCSA as a “template” for data standards

Photo credit: Markus Spisks\e via Pexels

Carl W Bentzel, a commissioner of the US Federal Maritime Commission, has stated that the US FMC intends to use “much of what [the Digital Container Shipping Association] has done as a template for emerging national standards for intermodal maritime data, from point of origin to ultimate destination”.

Commissioner Bentzel added that DCSA standards provide an invaluable tool for achieving standardized, digital data communication in the industry.

The DCSA...

https://www.shippingaustralia.com.au/us-federal-maritime-commission-intends-to-use-the-work-of-the-dcsa-as-a-template-for-data-standards/

Manual data entry is a waste of time, effort, and money that wrecks Australia’s ability to compete

A small container feeder vessel gets underway. Photo supplied by PwC.

By Cam Tran, Senior Manager – Global Trade, and Crystal Paris, Associate Global Trade & Taxes, both of PwC

Australian freight volumes are projected to grow by over 35 per cent by 2040[1], and yet Australian freight data systems cannot easily exchange information due to lack of adoption of relevant standards. Our freight community is suffering because so much time and effort is wasted on manually entering and re-entering data...

https://www.shippingaustralia.com.au/manual-data-entry-is-a-waste-of-time-effort-and-money-that-wrecks-australias-ability-to-compete/

Supply chains have a forecasting problem

High frequency data is the solution to navigating a volatile environment

Warehouses are full of unneeded inventory due to the fact companies like Target and Walmart could not predict demand and production capability effectively. While few companies have come out with a supply chain success story from the past two years, there are lessons to be learned from the gross failure of demand side forecasts.  

The Outbound Tender Volume Index (OTVI) that measures truckload demand did not predict the...

https://www.freightwaves.com/news/supply-chains-have-a-forecasting-problem

Standardization could be key for advancing emissions data tracking

A red and white tractor trailer travels along an interstate.

Shippers and carriers face increasing pressure from retailers, customers and investors to reduce emissions. Standardization, greater awareness, commitment to action and ease of implementation could help companies, large and small, track and reduce their emissions.

“One of our objectives is to allow shippers to send their individual goals for sustainability,” Priya Rajagopalan, chief product officer at FourKites, told FreightWaves. “Especially now, we see a lot more shippers with very specific...

https://www.freightwaves.com/news/standardization-could-be-key-for-advancing-emissions-data-tracking

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