An innovative solution for empty container crisis

collapsecon - collapsible container - empty container crisis - shipping and freight resource

In 2017, global seaborne trade reached 10.7 billion tons.. Of this, containerised trade accounted for 1.82 billion tons..

Containerised shipping is an important component of global trade and currently there are over 22 million containers operating around the world..

The humble and ubiquitous container which was created in 1956 is universally hailed as one of the greatest inventions of the modern world, one that completely changed the way in which business has been done since the 20th century and really and truly made the world a smaller place and the one true architect of Globalisation..

But, as much as it is important in the global trade, to many ports around the world, empty containers seem to have also become an annoying fact of life..

There may be a solution to this empty container crisis..

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The New York Supply Chain Meetup

shipping and freight news

There is a discernible difference between Maritime, Shipping, Freight, Logistics and Supply Chain industries.. All performing various functions, but all connected in the grand scheme of things, keeping the propellers of global trade churning..

In very simple terms, Supply Chain is the whole granddaddy process comprising of all aspects in a product cycle, for example from picking of the fruit at a farm in Point A to delivering the fruit to the shelf at a store in Point B using all of the above-mentioned industries, businesses and services..

By some estimates, inefficiencies in the global supply chain impose overhead costs of between 15% and 20% of global GDP cumulatively – supply chain inefficiencies dampen corporate profits and lower societal well-being..

This presents an opportunity to solve a large and pervasive global problem, and to significantly boost global economic growth and prosperity in the process..

We report on the latest with The New York Supply Chain Meetup who are on their 10th meetup with #TNYSCM10..

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Hello, this is your Captain speaking

Captain Peter - RCM Virtual Assistant - Shipping and Freight Resource

Smart containers are containers which are equipped with sensors designed to provide real-time tracking of their location and movements..

Using this technology, whether you are a shipping line, customer or security agency, you can track the progress of your containers anywhere in the world, plan your equipment and stock inventory which could possibly lead to reduced costs..

Maersk Line is taking the RCM one step further by integrating a Virtual Assistant with it..

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Hamburg Süd unveils smart container with RCM

smart containers - shipping and freight resource

Smart Containers are continuing with its growth trajectory and well on its way to becoming a part of our daily lives it seems.. As I wrote in my previous article, Smart containers are containers which are equipped with sensors designed to provide real-time tracking of its location and movements..

Using this technology, whether you are a shipping line, customer or security agency, you can track the progress of your containers anywhere in the world, plan your equipment and stock inventory which could possibly lead to reduced costs..

CMA-CGM, Maersk Line, MSC, ZIM Lines, are some of the lines who are already offering smart containers in the market..

Hamburg Süd (now part of Maersk Line stables) became the latest line to announce its future use of Remote Container Management (RCM), which was announced at the Fruit Logistica 2019 in Berlin..

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When Public blockchain meets Private blockchain

blockchain - shipping and freight resource

The blockchain technology and its integration with IoT seem to be quickly catching on and the practical uses and benefits of these integrations would be interesting to watch..

Recently two companies announced that they will come together to create a joint platform to service thousands of users in the transportation sector..

One is RoadLaunch, an intuitive, fully integrated and easy-to-use system for freight quoting, dispatch, capacity management, load matching, asset tracking, transparency and instant settlement..

The other is CargoX, a multi-award winning open and independent platform based on blockchain technology highly regarded as the optimal way to transfer information of value in the digital shipping business..

This partnership will integrate CargoX’s Blockchain Document Transaction System technology, powered by the Ethereum Network, with RoadLaunch’s permission-based blockchain platform..

How will this work..??

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Executive Insights : CEC Systems – Collapsible Container

Executive Insights - CEC Systems CEO - Nicholas Press - Shipping and Freight Resource

Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights, enriching the knowledge of the readers with what is happening in the world of shipping, providing thoughtful analysis, and everything else you might want to know about the maritime, shipping, freight, logistics and supply chain industry..

Executive Insights is also a chance to pick the brains of industry veterans and leaders..

In this latest edition, Shipping and Freight Resource caught up with Nicholas Press CEO of CEC Systems for some insights into the challenges in the industry and the technologies..

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