Stakeholders from across the supply chain perceive clear benefits of digitalization. In fact, 86% of cargo owners see it as a tool for operational efficiency, while ports and terminals highlight its value in enabling scalability. Banks, meanwhile, highlight the potential for risk reduction, according to research revealed by Digital Container Shipping Association (DCSA).
“Our landmark report marks a pivotal moment for the industry, allowing us to reflect on our progress with pride. This year, electronic Bill of Lading (eBL) adoption reached 5%, up from 1.2% in 2021, and carriers adopted more DCSA standards in the first quarter of 2024 than in the whole of 2023. For example, the common track and trace (T&T) API standard saw a 40% increase in callouts between September 2023 and March 2024," says Thomas Bagge, CEO at DCSA. "We’re supported by a broad range of stakeholders across the supply chain—cargo owners, carriers, banks, freight forwarders, ports and terminals, cargo insurers, and technology providers—all eager for better digital tools and standards. We look forward to accelerating the shift to a fully digitalized supply chain."
Key takeaways:
- Digital standards were identified as key to enabling seamless operations, with stakeholders highlighting their role in making digitalization a success.
- While 90% of cargo owners claim their organizations are ready for digitalization, 66% believe they need external support in getting there. Meanwhile, awareness of digital standards still varies between sectors and jurisdictions.
