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Top 3 Trends in Shipping and Logistics-Final

The document discusses three major trends in the shipping and logistics industry: leveraging new technologies like AI, IoT, and machine learning to improve safety and efficiency; using blockchain to increase transparency and reduce losses from cargo theft; and adopting elastic logistics through collaboration to better handle demand fluctuations and changing customer needs.

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29 views6 pages

Top 3 Trends in Shipping and Logistics-Final

The document discusses three major trends in the shipping and logistics industry: leveraging new technologies like AI, IoT, and machine learning to improve safety and efficiency; using blockchain to increase transparency and reduce losses from cargo theft; and adopting elastic logistics through collaboration to better handle demand fluctuations and changing customer needs.

Uploaded by

companywns59
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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TOP 3 TRENDS IN SHIPPING

AND LOGISTICS
TRENDS IN SHIPPING AND LOGISTICS

02

Intercepting
Losses Through
Blockchain

01 03

Safety & Ef ciency Emergence of


Leveraging New Elastic Logistics
Technologies
TOP 3 TRENDS IN
SHIPPING AND LOGISTICS
A WNS PERSPECTIVE

In an era of technological 1. Safety & Ef ciency has helped Maersk ensure port
disruptions, 'grow or go' is the new Leveraging New safety, efficiency, operational
norm for the Shipping and Technologies savings, and improved cargo care
Logistics (S&L) industry. According for the fresh produce that it delivers
to a MarketsandMarkets survey, AI is the logistics industry's ticket to to 343 ports across 121 countries.
the supply chain technology and a fully digitized, data-driven future.
analytics market will be worth While AI-enabled self-driving 2. Intercepting Losses
USD 4.8 Billion by 2019. 1 Digital trucks and automated ports are Through Blockchain
disruption underpinned by already a reality, the Internet of
analytics, cloud computing, Things (IoT) can bring in additional Blockchain technology has the
mobility and Artificial Intelligence value. Data from connected smart potential to offer unprecedented
(AI) is driving change in the devices in the supply chain network levels of operational transparency
S&L industry. can be analyzed by Machine- and traceability to logistics
Learning (ML) algorithms for companies. Currently, cargo theft is
As the digital race picks up speed innumerable benefits from a major concern for the S&L
and C-suite executives mull over preventive maintenance and industry. In 2017 alone, the industry
ways to gain 360-degree visibility repair to improved efficiency lost over USD 39 Million due to
into the logistics lifecycle, here are and cost compression. cargo theft.3 Blockchain-enabled
the top three trends shaping the robust and secure business
S&L industry. For example, Maersk Line, a
networks can prove to be game-
leading global container shipping
changers in curbing cargo theft by
company, has partnered with
optimizing cross-border
Ericson to enable Remote
ANALYTICS, AI, ML, transactions and trading
Container Management (RCM).2
relationships at scale.
IOT & BLOCKHAIN Maersk's 300,000 IoT-enabled
ARE ALL DRIVING refrigerators transmit vital stats For instance, customer identities
such as temperature, location and on blockchain ledgers cannot be
CHANGE IN THE
power supply in real time to a cloud tampered with at the time of
SHIPPING INDUSTRY server, where this information is delivery. Blockchain can also
analyzed by ML algorithms. This enable foolproof deliveries and

1
https://www.marketsandmarkets.com/PressReleases/supply-chain-analytic.asp
2
https://internetofbusiness.com/maersk-ericsson-iot-success/
3
https://roadscholar.com/blog/cargonet-releases-2nd-quarter-cargo-theft-statistics

COPYRIGHT © 2018 WNS GLOBAL SERVICES | WNS.COM 01


returns by mapping the unique 3. Emergence of innovative ways. Companies such
blockchain registration numbers of Elastic Logistics as DHL and FedEx are already
every vehicle against the delivery partnering with local players and
Elastic logistics is the ability of S&L
job IDs. national postal services to address
providers to expand and shrink
last-mile delivery issues.
Logistics players such as UPS are their capabilities across
betting on blockchain as the future geographies in response to market Elastic logistics is about extending
4
of logistics. The company recently and demand fluctuations, changing this collaboration to sharing fleets,
joined Blockchain in Transport consumer preferences, and warehouses and networks to
Alliance (BiTA), a global standards socio-political changes. To be handle more distribution channels,
organization aimed at devising elastic, S&L companies will have to priority deliveries and penetrate
innovative ways and regulating the think outside the box and leverage newer markets. Elastic logistics
use of blockchain in logistics. the power of collaboration in

4
https://techcrunch.com/2017/12/15/ups-bets-on-blockchain-as-the-future-of-the-trillion-dollar-shipping-industry/

COPYRIGHT © 2018 WNS GLOBAL SERVICES | WNS.COM 02


can help companies in getting New entrants, emerging such a business environment, the
real-time 360-degree visibility, technologies and unprecedented future will belong to companies
connecting siloed processes, scenarios will continue to upend that can prove their digital fitness
improving resource utilization and traditional business models in the consistently.
compressing operational costs. S&L industry.
S&L companies should also be
Global logistics leader DB 'Perfect order' deliveries are now prepared for more disruptions
Schenker has recently forayed into becoming the ultimate yardstick to ahead. The trick lies in anticipating
the elastic logistics space by measure customer satisfaction. which areas will be impacted and
partnering with online freight These are orders with the right mix what capabilities should be
exchange provider uShip to map of place, product, timing, package, developed to ride the wave
truck drivers and shipments quantity and documentation successfully.
more efficiently.5 delivered to the right customer. In

5
https://www.wsj.com/articles/db-schenker-takes-25-million-stake-in-online-freight-booking-platform-uship-1487134860

COPYRIGHT © 2018 WNS GLOBAL SERVICES | WNS.COM 03


About WNS
WNS (Holdings) Limited (NYSE: WNS) is a
leading global Business Process Management
(BPM) company. WNS offers business value to
300+ global clients by combining operational
excellence with deep domain expertise in key
industry verticals, including banking and
financial services, consulting and professional
services, healthcare, insurance, manufacturing,
media and entertainment, retail and consumer
packaged goods, telecommunications and
diversified businesses, shipping and logistics,
travel and leisure, and utilities and energy. WNS
delivers an entire spectrum of business process
management services such as customer care,
finance and accounting, human resource
solutions, research and analytics, technology
solutions, and industry-specific back-office and
front-office processes. WNS has delivery centers
world-wide, including China, Costa Rica, India,
the Philippines, Poland, Romania, South Africa,
Sri Lanka, Turkey, UK and US.

To know more, write to us at


marketing@wns.com or visit us at www.wns.com

Copyright © 2018 WNS Global Services

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