Global trade and the many direct and indirect stakeholders that take part in supply chain delivery execution have been responding to and managing change for decades, perhaps even centuries. That our collective industry resides on the front lines of global commerce will continue to expose all of us to new trends and advancements.
The main forces propelling change today are, of course, on the digital front. How we make goods, how we procure goods, and how we deliver goods, is increasingly being influenced by the digitization of manufacturing, purchasing, and logistics. Blockchain technology has the real potential to transform the documentary and financial processes that support global trade with the potential to vastly streamline global commerce.
Advances that may once have been the domain of the futuristic pavilion at World Fairs and Global Expositions now reside at our fingertips and are being deployed throughout the supply chain. As the new digital era comes on line, the potential for significant cargo growth, enabled by advancements and efficiencies at the production level, the transport level, and at the customer delivery level, will create significant and lasting opportunities for our industry.