Think about the last thing you bought online as a consumer, and the single, direct line of sight into its journey to your front door.
The same can’t be said for your shipments. Each could be connected to as many as 30 independent parties and 100 people, generating up to 200 exchanges of information. Multiply that by the hundreds or thousands of shipments you’re responsible for, and the complexity and risk you deal with regularly is staggering.
But with TradeLens you can have a single line of sight across all supply chain activities. This means more reliability in getting goods to market, more agility in responding to changes in customer demand, and more collaboration in cross-organizational automation. Learn how TradeLens handles millions of daily milestone events and hundreds of thousands of shipping documents each month, changing the way the world ships.
A recent study concluded that 70 percent of organizations have visibility gaps in their supply chains. This is often most pronounced during maritime shipments between buyers and sellers — the longest and most error-prone leg in the supply chain journey. Reliable information on estimated and actual milestones can be hard to come by, and not having the right documents in the hands of the right participants can stop a shipment in its tracks. Visibility gaps on loading, discharge, transshipment and empty returns put client relationships on edge and negatively impact the bottom line for all involved.
But with verified, trusted data fed to and shared via TradeLens, you can control and ensure the authenticity of critical documents, easily identify exceptions and more. With increased peace of mind for data accuracy and availability, you can feel more confident in early planning and make better decisions overall.
A lack of true end-to-end visibility of cargo – and the constant chase for required documentation – strains supply chain operations with manual tasks and complex point-to-point communication flows.
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Digitization and disruption are the orders of the day. Companies need to make big moves in order to maintain market share and positions – or risk being left behind with legacy systems and strategies.
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Customer demand and channels to market are ever-changing dimensions in today's supply chains.
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Thirty percent of companies work with twice as many partners – suppliers, logistics providers and others – than they did two years ago.
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In the supply chain world, most participants are both customers and suppliers. As a customer, your expectations are grounded in the quality of the products you buy – and also in the timeliness and service associated with receiving them.
As a supplier, you’re committed to responding to customer demands as if they were your own. TradeLens makes this possible in powerful new ways, uniting permissioned participants through blockchain technology to deliver a single, holistic and trusted view of milestone events across the supply chain.
With an increasing number of channels to market and a dynamic political trade environment, getting your goods to the right place at the right time is becoming an even more challenging problem to solve.
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Gathering consistently reliable data from all supply chain participants can be a challenge.
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In the supply chain world, speed of information is important not just for inventory management – but for customer satisfaction as well.
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Businesses are always looking for new ways to reduce costs. Digital innovation has long promised new avenues of asset and resource optimization.
TradeLens delivers on that promise. Its scale and scope of data capture automates manual workflows across supply chain silos, reducing capital and operational costs, as well as third-party service provider management expenditures.
The statistics paint a challenging picture. Seventy percent of firms describe their supply chains as “very” or “extremely complex.”
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Legacy systems and point-to-point communication structures hamper the flexibility you need to operate in today's dynamic omnichannel environment.
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Point-to-point EDI connections have been the norm in the transportation industry for the last few decades.
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In today's supply chains, security of information is paramount.
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“P&G ships a significant volume of ocean containers every year. Whether filled with our products or the materials used in production, understanding the status of our containers helps us manage an efficient supply chain. We have been testing TradeLens for the P&G business and see potential as the solution scales. We look forward to industry-wide adoption to benefit all network members”
Explore how TradeLens is shaping the future of global trade. Learn how TradeLens can benefit you by clicking on the information below.
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