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deugro Introduces “deugro visiotrack” Software

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deugro Introduces “deugro visiotrack” Software. Image: deugro group
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Digitalization is gaining more and more importance in logistics every day. Accessibility, visibility, and predictability are key drivers of this change. Reacting to these needs, deugro has recently developed and launched its own web-based track and tracing software: deugro visiotrack.

A complete overview of all data at any time is essential for successful supply chain management. deugro’s experts have long-term expertise in this field. Their knowledge has been transferred—in co-operation with a specialized IT partner, allowing deugro to design and develop the new deugro visiotrack software. It is a customizable tool for easily and successfully handling all steps across the whole supply chain, from requisition to site delivery, both onshore and offshore.

As a web-based tool, deugro visiotrack serves as an interactive collaboration platform for all internal and external stakeholders involved in supply chain activities. To support predictive analysis, deugro visiotrack works with high-quality data from required parties and presents this via customizable dashboards to support informed planning and decision making. Based on this data, the system offers real-time visibility of details, thus increasing efficiency, reducing cycle times and inventory levels, as well as mitigating cost exposure within the supply chain.

“deugro is known to provide tailor-made solutions for complex logistics requirements. In this sense, we have rolled out an IT system that provides extended advantages and value creation for every client group, whether EPCs, oil and gas producers, drilling contractors, oilfield service companies, mining re-supply, power generation MRO or low carbon energy industry. We believe that true value creation comes from enhanced procurement practices based on artificial intelligence as part of the solution,” said Christian Arndt, Senior Vice President Oil & Gas Logistics, deugro.

“deugro group strategy is focused and invested in a future oriented digitalization program to meet client requirements and provide the best possible tools and skills in an increasingly digital environment. As a result of this collaboration and investment, deugro group redesigned its organizational structure and business processes. With state-of-the-art IT Architecture delivering consistent, high data quality and visibility tools deugro group is covering all areas of the supply chain,” said Tim Killen, Executive Vice President, deugro group.

Freight Forwarding

essDOCS partners with Infosys Finacle for blockchain technology led trade finance automation

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essDOCS partners with Infosys Finacle for blockchain technology led trade finance automation. Image: Pixabay
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essDOCS, the leading enabler of paperless trade, announced a partnership with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, for driving automation in Trade finance processes though Distributed Ledger Technology. essDOCS’ CargoDocs DocEx solution will be integrated with Finacle’s blockchain-based trade finance solution, Finacle Trade Connect, for select use-cases.

CargoDocs DocEx is a digital solution for banks and corporates enabling the secure electronic signing, distribution/transfer and management of original electronic documents – including title documents such as Bills of Lading and Warehouse Warrants – through the supply chain.

Finacle Trade Connect is a blockchain-based application developed specifically to address and simplify the trade finance process requirements for banks, digitizing trade finance business processes including validation of ownership, certification of documents and payments, while working on a distributed, trusted and shared network.

The joint solution will focus on trade finance transactions including Letters of Credit, Documentary Collections, Guarantees and more, allowing banks and their corporate customers to access all data (and documents) under any given financing instrument – consolidated within the Finacle Trade Connect solution – providing a single integrated solution with open, connected and non-siloed data.

Users of the joint solution will benefit from a single, distributed source of truth which increases transaction trust and transparency, while utilizing core functions of CargoDocs DocEx – including the ability to instantaneously draft, review, amend, sign, issue, transfer, present and surrender relevant original electronic documents such as the B/L. This will result in increased transaction speed, accuracy and control, elimination of paper document fraud risks, automation of doc handling processes and real-time access to relevant trade document data.

Venkatramana Gosavi, Senior Vice President and Global Head of Sales, Infosys Finacle, said: “We launched Finacle Trade Connect with the vision of helping banks simplify trade finance processes. The solution provides higher automation and transparency and enables better decision making for both banks and corporates. The partnership with essDOCS will further enhance the solution and help our clients achieve greater automation.”

Alexander Goulandris, co-CEO essDOCS, added: “We are excited to partner with Infosys Finacle and look forward to jointly accelerating digitization of trade in India plus the wider Asia Pacific region. This partnership not only expands the reach of companies and banks with access to CargoDocs, it also allows users to access a full range of paperless trade solutions within the Finacle platform.”

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Freight Forwarding

P&O Ferrymasters and Scan Global Logistics join forces to connect Benelux region and Sweden

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P&O Ferrymasters and Scan Global Logistics join forces to connect Benelux region and Sweden. Image: P&O Ferrymasters
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P&O FERRYMASTERS today announces it is joining forces with Scan Global Logistics to improve the daily service between the Benelux region and Sweden as it further strengthens its pan-European logistics network.

The partnership with the leading Nordic-based global freight forwarding provider will improve and strengthen both companies’ multimodal logistics footprints in two key northern European economic areas.

P&O Ferrymasters’ General Manager in Amsterdam, Marcel Manshanden, said: “This new partnership will further strengthen our capacity to find the right solutions for customers who face logistical challenges in transporting goods across Europe in a context of time-critical, cost-constrained supply chains. Our vision is to continue expanding our network into new geographies, enabling trade to flow more effectively and efficiently both for our customers and the economies which rely on the goods they supply. We look forward to the success this partnership will bring and to expanding our cooperation in the future.”

Scan Global Logistics’ Managing Director for Scan Global Logistics Road Sweden, Peter Anderson, said: “It is a strategically responsible partnership, which goes to show that even in times of uncertainty, opportunities arise and with our combined efforts, the customers of both companies will experience even better logistic options.”

P&O Ferrymasters and Scan Global Logistics will offer daily truck departures for Full Truckload (FTL), Less than Truckload (LTL) and Groupage services between the Benelux region and Sweden.  The partnership will use a combined cargo model, increasing the operational frequency and efficiency of the route, lowering costs for customers and expanding their range of logistics solution options. This latest step follows the introduction of a number of new services in the last 12 months, such as services connecting Budapest, Duisburg and Rotterdam, announced in June 2019, and also between Oradea and Lodz, announced last October.

P&O Ferries is a leading pan-European ferry and logistics company, last year sailing 27,000 times on eight major routes between Britain, France, Northern Ireland, the Republic of Ireland, Holland and Belgium.  Together with its logistics business, P&O Ferrymasters, the company also operates integrated road and rail links to countries across the continent including Italy, Poland, Germany, Spain and Romania, and facilitates the onward movement of goods to Britain from Asian countries via the Silk Road. P&O Ferries is part of DP World, the leading provider of smart logistics solutions, enabling the flow of trade across the globe.

Scan Global Logistics is a global full-service logistics provider headquartered in the Nordic, who excel in uncomplicating logistics through tailored solutions made by skilled specialists, proud problem-solvers and passionate entrepreneurs. Since 1972, the core of Scan Global Logistics’ DNA has been a ‘can-do-attitude’, agility and the willingness to always go the extra mile, and sometimes to go left when others go right. For Scan Global Logistics, every challenge is an opportunity and at the core of the company lies the willingness to go above and beyond to bring anything to anywhere – whether by road, rail, ocean, air or any other modes of transportation.

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Air Freight

FedEx welcomes the U.S.-Mexico-Canada agreement

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FedEx welcomes the U.S.-Mexico-Canada agreement. Image: FedEx
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FedEx Corp. today recognizes the entry into force of the U.S.-Mexico-Canada Agreement. This agreement will benefit all three economies and make them more competitive around the world.

At FedEx, trade is our business, and expanding global trade is essential to our customers, our workers and our company. USMCA replaces the twenty-six-year-old North American Free Trade Agreement (NAFTA), helping to streamline trade across the North American market, which is of critical importance to FedEx and our customers.

“We applaud the governments of the United States, Mexico and Canada for working together to approve and implement an agreement that simplifies trade for the highly integrated North American supply chains,” said FedEx COO Raj Subramaniam. “Modernizing and expanding global trade through free trade agreements like USMCA breaks down trade barriers, creates new job opportunities and helps our customers reach new markets.”

USMCA makes North American trade easier and addresses issues including e-commerce and the protection of intellectual property. When it comes to day-to-day shipping for FedEx customers, USMCA offers several advantages:

  • The de minimis, or duty and/or tax exemption threshold agreed to by the three governments, increases for imports into Canada and Mexico, potentially reducing overall shipping costs.
  • Simplified clearance value limits increase, reducing the amount of documentation necessary. As a result, volumes of formal clearance decrease, lowering costs and increasing efficiencies.
  • Quicker clearance for more shipments will result in higher customer satisfaction.

The agreement is recognized in Mexico as the Tratado entre Mexico, Estados Unidos y Canada (T-MEC) and in Canada as the Canada-United States-Mexico Agreement (CUSMA).

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