The digital freight forwarder KLog.co has joined TradeLens, a blockchain-enabled container logistics platform. TradeLens is a digital platform, jointly developed by A.P. Moller-Maersk and IBM, to help provide entities involved in global trade with tools to share information and collaborate securely. KLog’s stated aim is to democratise trade in the Latin American market.
KLog’s digital platform provides end-to-end supply chain visibility and secured sharing of digital shipping documents, which will be complemented by the global scope of TradeLens and integration of additional data to enhance their digital tool kit. It is hoped that the data captured via APIs directly from TradeLens will help improve efficiency, decrease operational costs and advance KLog’s goal of opening up international trade to all companies in the region.
Janan Knust, founder & CEO of KLog.co, said, “Our logistics platform aims to be intuitive and simple, centralising and ordering information, tracking shipments, incorporating alerts to avoid extra costs and creating the ability to automate workflows. Enhanced by global supply chain data sourced in near real-time from TradeLens, we will be able to amplify our supply chain analytics for customers and continue to offer tools to efficiently manage international trade.”
Data enhancements planned for integration include directly sourced data that will improve KLog’s own AI and predictive ETAs. Additionally, updates to the transportation plans, published directly by ocean carriers to the TradeLens platform, can be consumed in near real-time by KLog’s customers. Changes to transport plans are an essential data set allowing freight forwarders the ability to review routings and determine appropriate contingencies, if required, for their clients.
KLog’s has been growing quickly within the Latin American region. It recently opened an office in Peru and has plans for offices in Bolivia, Colombia, Uruguay and Mexico. This fast expansion is stated as being primarily due to the company’s digital-first approach, as well as its strong digital platform.
Enabling freight forwarders with data direct from the source to enhance their own offering to their clients and close data gaps is a key TradeLens priority. The TradeLens ecosystem, launched in 2018, currently includes more than 300 organisations, including more than 10 ocean carriers and encompassing data from more than 600 ports and terminals. So far, it has tracked 35m container shipments, 2bn events and roughly 16m published documents.
Source: Maersk
