How you can benefit from real-time supplychain intelligence
- Build risk profiles of routes and locations using data from your shipments collected in real-time.
- Use data to avoid ports or trade lanes with frequent delays or high crime incidence levels in favor of faster flowing and less riskier options.
- Know where your cargo runs in to difficulty and adjust transports accordingly.
- Significantly reduce working capital across the organization
- Know where your inventory is, whether it is in good condition and on time, and if it has encountered unexpected delays.
- React, restock, redistribute resources in real-time.
- Adjust routes, dispatch times, and production plans based on real-time information and adjust transports accordingly
- Provide information to customers, suppliers, and other actors in the supply chain
- Trigger automated mitigation actions based on real-time information on cargo status
- Lean more about cargo conditions in real-time
- Direct quality inspections even in JIT production on critical shipments to identify problems before assembly
- Armed with knowledge, be able to react in real time should temperature or humidity cause spoilage or damage.
- Comply with transparency requirements (e.g., Germany Supply Chain Act, UK Modern Slavery Act 2015 und der California Transparency in Supply Chains Act 2010, CBP’s view on forced labor)
- Document true environmental footprint of monitored shipments
- Validate information provided by suppliers with data directly from the shipment itself.
- Use information for supplier qualification and negotiation
- Include automated transactions into supply contract (penalties for unsecured storage) in case monitoring data proves event
Transfer of ownership
- Authenticate and automate transactions, documenting the individual, time and location of container access
- Providing proof of change of risk ownership events.
- Automate payment or release of escrow deposits, or trigger blockchain transactions.
- Assess risk and assign responsibilities in case of events
- Trigger and validate insurance claims based on immediate knowledge if a shipment has exceeded temperature, humidity or shock thresholds that would cause damage, spoilage.