Navis Identifies Top Trends for the Ocean Shipping Industry in 2021
In an unprecedented year the new landscape accelerated by the pandemic has brought the ocean shipping industry new opportunities for growth in 2021 and has made stakeholders reevaluate current strategies they have had in place for years.
Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance has identified its top predictions and trends that will drive the industry in 2021 and the technology that will be most impactful for meaningful operations in the coming year.
Navis’ predictions for the cargo supply chain include:
1. More investment in cloud-based technologies: As a result of social distancing measures brought on by the COVID-19 pandemic, on-site management of terminal operations had decreased this year in exchange for more remote operations made possible by innovative technology.
According to Navis’ customer survey, titled “Understanding Your Terminal Strategy with Cloud-based Technologies,” market interest in cloud-based solutions are on the rise - in fact, per the survey, interest in these solutions had risen nearly 40% compared to last year with 79% of respondents having an existing timeline to move or considering moving to the cloud.
“We’ve seen the cloud-based technology trend in the ocean shipping industry increase exponentially as a result of the COVID-19 pandemic and expect it to continue to rise next year,” said Younus Aftab, Chief Product Officer at Navis.
2. Rise of smart technology for inland and marine logistics: This year has demonstrated the value of enhanced visibility and predictability in operations, and the importance of technology that can collect and analyze data to help stakeholders make better business decisions.
According to the “Automation 2020: Perceptions, challenges and opportunities for Container Terminal Automation” Navis customer survey, 94% of respondents agreed that artificial intelligence and machine learning would be critical to improve optimization at automated terminals at some level in the near future.
3. Automation adoption at terminals will accelerate: Automation has been on the rise in the industry for several years, however terminals are now more rapidly turning to the technology to uplevel productivity and keep up with the changing industry landscape in an effort to remain competitive.
94% believe it will be important for terminals to automate operations in the next 3-5 years. Additionally, 70% of terminals believe automation could increase productivity by 15% or more.
4. Increase focus on sustainable operations: With the bigger focus on the supply chain this year, many companies have been forced to reevaluate their logistics strategies to ensure assets are being used to deliver value for the business and the environment.
In the first half of 2020, decreased traffic at congested ports and terminals around the world had a positive impact on the air quality and environment, reinforcing the longer-term sustainability trend we were already seeing.
Innovative technology to help terminals monitor operations to run more efficiently and the use of rail instead of trucks for transport, are expected to be on the rise to help ports and terminals achieve more sustainable outcomes.
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