A new digital initiative aimed at enhancing supply chain performance and risk management has kicked off during the Singapore Maritime Week in April.
The Networked Virtual Watch Tower (VWT) project is the result of a collaboration between the Research Institutes of Sweden (RISE) and the Singapore Maritime Institute (SMI).
The initiative has received a total grant of SEK12 million ($1,16 million) from SMI and the Swedish innovation agency Vinnova.
The VWT solution for supply chain performance and risk management aims to facilitate collaborative decision-making across the entire supply chain, with artificial intelligence (AI) technologies augmenting the process.
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The project will be led by RISE and the A*STAR’s Institute of High Performance Computing (IHPC), both of which have a wealth of experience in AI and analytical functions.
A broad range of global players in the supply chain industry have joined the project as participating members, including Alleima Tube, BridgeNet Solutions, Kalmar, Bromma, Einride, Ericsson, Green Cargo, HERE Technologies, Marine Benchmark, PSA International, Scania, Stora Enso, Wallenius Sol, and Yilport Nordic.
Additionally, the Swedish Ports Association and the Ports of Gävle, Helsingborg, and Kvarken Ports Umeå are participating as advisory partners, while Chalmers, Gothenburg University, Stockholm Environmental Institute (SEI), and Umeå University are research and innovation partners.
According to Dr. Su Yi, Executive Director of IHPC, the project aims to “enable supply chain operators to make informed and better decisions,” leveraging AI to optimise resources, streamline processes, achieve cost efficiency, and improve productivity.
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“Over a decade we have developed and refined the concept of Collaborative Decision Making (CDM),” added Innovation Manager Mikael Lind, adjunct Professor in Maritime Informatics, RISE and Chalmers.
“A-CDM enables coordinated airports, PortCDM does the same for ports, YardCDM and StationCDM for railways, and RRTCDM for inland terminals. In this project, we will bring all these pieces together into a CDM approach that tackles the challenges of multimodal end-to-end supply chains (e2eCDM)”.
The project will run for two years, with the goal of piloting a network of virtual watch tower prototypes tested in real-life environments.
Upon successful completion, the final product will be deployed as a tech and analytics powered platform, providing comprehensive and resilient optionality to global trade and supply chain stakeholders.
Vinnova, as the Swedish Governmental Agency for Innovation, has approved funding of the Virtual Watch Tower project on the Swedish side.