| |APRIL 20229and production, manufacturing centers across other countries that currently suffer from the pandemic will reopen in the first half of 2021, streamlining global container trade and stabilizing ocean freight rates. That said, the impact of COVID-19 would inevitably strengthen several technological trends within the maritime ecosystem, like automation. Port automation trends are accelerating, buoyed by bottlenecks faced during the peak-pandemic season due to lack of adequate workforce. Aside from reducing the overarching labor dependence, automation helps lower overall operational inefficiencies and increase safety and terminal productivity. The need for data-based insights is not lost on the industry, as maritime stakeholders increasingly recognize the `technology edge' that data analytics brings to logistics operations. Segments like data intelligence and cloud-based technology that have mushroomed over the last few years will continue to gain relevance within the industry. The Internet of Things (IoT) technology is now ubiquitously used across supply chains, as they provide stakeholders real-time visibility into freight movement and its immediate environment. Operational visibility has been elusive within supply chains, primarily due to companies working in complete siloes and skeptical of sharing data amongst other stakeholders in the value chain. The interest in data intelligence has fostered supply chain connectivity, with several consortiums created within maritime networks -- notably bound by blockchain technology. Blockchain consortiums like the Maersk-IBM venture TradeLens put interoperational visibility under greater focus. TradeLens meshes together a network of cargo owners, container lines, freight forwarders, ports, and other associated stakeholders, creating an ecosystem that builds trust implicitly through a decentralized ledger system.As large swathes of the transportation corridor stayed idle in early 2020, the world could concretely envision the positive impact consistently low carbon emissions can have on the environment. With the U.S. witnessing a change in administration this January, the transportation industry would likely feel the push to keep their carbon footprint low. Sustainability within logistics is expected to be taken up on a larger scale, with digitalization and automation being prime movers of such operations. Ports and terminals are some of the largest nucleated sources of carbon emission within the logistics ecosystem. The situation is worsened as major ports often find themselves close to densely populated cities, strengthening their need to oversee `greener' operations next year. This could be done by general electrification of terminal cargo handling equipment like cranes and forklifts. Overall, 2021 would define how global economies break free from the pandemic's shackles. As the proverbial `mid-mile' of supply chains, the maritime industry will have to rise to the occasion. In many ways, the pandemic served as a wake-up call to maritime logistics, hastening the adoption of technology in an industry mired in archaic operations. Visibility would be a defining theme, with stakeholders across the value chain leading concerted efforts to effect change and eliminate opacity-related inefficiencies. Rollover Ratio (%)Rollover Ratio for transshipment ports in India5550454035302520151050Data source: Ocean-Insights - Container Track & Trace2020-072020-082020-092020-102020-112020-12portKrishnapatnumMundraSouth AsiaSouth East Asia
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