Sharing in Shipping to Unlock $237 Billion

1. A NEW AUTHORITATIVE MARKET REPORT SHARING IN SHIPPING TO UNLOCK $237 BILLION A TEAM OF ACADEMIC EXPERTS A new authoritative market report by a team of academic experts and business leaders commissioned by OrbitMl has found that sharing in shipping can unlock $237 billion by 2027. OPEN-SOURCED ON THE GENETIC STRUCTURE This became apparent when Moderna, a Boston based US biotech, used data that China had open-sourced on the genetic structure of the virus to develop a vaccine in record time. AFFORDABLE PRICING The report also highlights how sharing data in shipping may also be the mechanism to preserve the market share of the key players. A go-it alone mentality puts the shipping industry at risk from formidable companies outside the sector, such as Amazon who have signaled their intentions to move more deeply into logistics and shipping. CHALLENGES OF SUSTAINABILITY Tomeetthegrowingchallengesofsustainability, shipowners andoperatorscanworktogethertoleveragethepowerof theirmostvaluableuntappedcommodity: data. Sharingin shippingcouldincreasemarketsizeandspurprofitable growth, inanindustrywhichisvulnerabletomacro-economic challenges. AGGRESSIVE SUSTAINABILITY GOALS Realizingsignificanteconomicvaluetotheindustrybut moreimportantly, theabilityforustomeettheaggressive sustainabilitygoalswewanttoachieve. Withoutsharing—and without, first, thinkingdifferentlyaboutsharing—wewill struggletomeetlMObenchmarks." THE ROBUST ECONOMIC MODELLING Adam Riccoboni the CEO of critical Future which wrote the report said: ”The robust economic modelling in this report has quantified a noteworthy upside for the shipping sector in sharing data. This can create $237 billion in value over the next seven years. https://issuu.com/conclubiltz/docs/sharing_in_shipping_to_unlock