INSIGHTSData Integration:Seamless real-time fow of 100% accurate data provides organizations the ability to analyze and optimize all their supply chain processes.ata is at the heart of today’s busi-ness processes and operations. DExploiting the insights derived from the data holds unparalleled op-portunities for the global ocean ship-ping industry to overcome its signifcant ineffciencies. One frm, Youredi helps industry stakeholders to digitalize and automate processes with modern cloud-based integrations. Investing in digitali-zation does not only reduce costs and im-prove operational effciencies but helps companies to better meet the demanding and growing customer expectations. Ocean Shipping: Key Pillar of global EconomyShipping goods by the sea is far the most popular and cost-effective method of delivering products. Hence, more than 90 percent of all world trade is carried by ship. Consequently, the industry’s performance has a straightforward effect on the global economy. However, utiliz-ing legacy technologies – often tailored systems with own proprietary message formats – causes ineffciencies in the processes, making the global maritime shipping industry less competitive and/or effcient. The lack of modern technol-ogy is preventing the industry stakehold-ers from sharing data in real-time across multiple parties and make better sense of the available information. Modernization must happen to improve the competitive-ness of the global shipping industry and All images courtesy YourEDI16 Maritime Logistics Professional November/December 2017| |