According to the United Nations Conference on Trade and Development, around 80% of all international goods, totaling $14 trillion, are transported by sea. That is precisely why the shipping industry can greatly benefit from advances in technology such as digitalization and generative AI to drive efficiency.
With each day, shipping and logistics providers are further integrating supply chain opportunities such as digitalization, generative AI, IoT, 5G, autonomous ships, shipping drones, and new fuels and trade rules. The use of these technologies is creating improved systems, which allows companies to make faster decisions about how goods are shipped, stored, monitored, serviced, and delivered to customers.