UK has signed a historic Enhanced Trade Partnership with Thailand.

This is a crucial milestone towards exploring a potential future Free Trade Agreement and building on an already strong trading relationship worth £5.9bn a year.

More: https://lnkd.in/eyX5mwkm

Don’t miss The State of the Industry 2024 – Insights on Digital Evolution in Container Shipping, a Report from DCSA.

This comprehensive study explores the progress made, the challenges faced, and the role of standards in driving change.

Through insights from 400 senior decision-makers and in-depth interviews, the report provides a 360-degree view of how digitalisation is reshaping the container shipping landscape.

There are some highly interesting results in the report, and I recommend all of you to read it. Outcomes form the survey showing that: 
 
▪ 86% of cargo owners view digitalisation as a tool for operational efficiency 
▪ 41% of cargo owners supply chain visibility and access to real-time data as their top operational priorities, surpassing cost efficiency
▪ 82% of cargo owners with higher levels of digitalisation agree that it leads to improved customer satisfaction and experience 
▪ 81% believe that it leads to a significant of operational costs 
▪ 86% believe that early adoption of digital technologies provides a competitive advantage

These are very promising numbers, that we also recognize from our own research and dialogue with customers.

Read more:

Article: https://www.tradefinanceglobal.com/posts/container-shipping-industry-welcomes-digital-revolution-dcsa-report-reveals/

Report: https://dcsa.org/newsroom/state-of-the-industry-container-shipping-industry-2024

The UN adopted today the Pact of the Future which includes the Global Digital Compact.

Main provisions related to AI include:

– Establishment of an AI international scientific panel

– Launch of a global AI policy dialogue

– Development of AI capacity building partnerships

– Consideration to establish a global AI fund

The full text is available here: sotf-the-pact-for-the-future.pdf (un.org)

We need enablers & drivers for acceleration of trade data digitalization. We also need a new set of rules for digital trade.