SUPPLY CHAIN VISIBILITY
In the year 2022 the logistics industry’s annual revenue will top $15 trillion dollars. The market size and potential is immense, but it is also complex. The global supply chain consists of millions of actors and a myriad of cargo types. No supply chain is the same and very rarely do two actors in the supply chain have the exact same problem. While advances in the physical supply chain have been made, the associated information supply chain is where the logistics industry has fallen behind. With existing technologies and solutions, supply-chain-wide transparency and visibility of information is almost impossible. Participants are restricted to sharing pre-agreed information on a point-to-point basis using pre-Internet communication protocols. This means the majority of cargo information is locked away in siloed legacy systems. A different approach to sharing information is required to bring innovation and improve supply chain visibility.