Similar to the standardization the shipping container brought in the mid-20th century, modern technology is allowing for large segments of the supply chain to be standardized and digitized. This digital transformation is driving cost efficiencies and promoting transparency throughout the supply chain. In the short term, technologies that simplify this transformational process, including process automation tools and IoT data capture, will be immensely beneficial. In the longer term, as the market shifts more of its transaction volume online, digital platforms should look to invest in integrity tools and enhanced trading capabilities. These types of technology investments will promote trust among market participants, ultimately allowing for broader platform adoption and revenue opportunities.
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- chevron_rightSurface
- chevron_rightAir Cargo
- chevron_rightSupply chain
- chevron_rightResources financeGateway
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