Technical Papers - Finance
TT Club, in conjunction with global management consulting firm McKinsey, recently published the ‘Brave new world? – Container transport in 2043’ report, which summarises the passionate thoughts and opinions of industry leaders on what the future holds for the container industry over the next 25 years.
This paper focuses on the on business developments in global supply chains and the accompanying logistics challenges for ports and port hinterlands, driven by the opportunities that new technologies provide. It discusses a number of challenges related to the organization of global supply chains and container logistics markets.
The ultimate reason to develop ports is to stimulate exports or imports, not to satisfy shipping companies. However, most ports are very attentive to the demands of their customers – too attentive. Sure enough, not providing satisfactory services could mean that shipping companies call another port.
In the new era we see, vendors of solutions will date to venture out their niches and look for solutions that connect and interchange information in real time to provide actionable visibility and enable efficient decision making. These solutions will be possible because new standards for information exchange and a set of common semantics have evolved.