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BTJ 5/17 - Pivoting for growth. Digitalisation of the global maritime shipping industry

Publication date: 2017-10-31

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BTJ 5/17 - Pivoting for growth. Digitalisation of the global maritime shipping industry

In 2015, world seaborne trade surpassed 10 billion tonnes for the first time in history, according to the United Nations Conference on Trade and Development. 

The value of global merchandise exports totaled USD 15 trillion last year, rising by 32% over the last decade, as per World Trade Organization data. 

However, McKinsey & Company has also estimated that there is a staggering USD 17 billion of waste in the port and carrier business processes alone.

These internal inefficiencies stand in the industry’s way of delivering higher profit margins and providing better services to the world economy.

Pivoting for growth, by Barbara Babati, Product Marketing Manager, Youredi

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