IIC Journal of Innovation 13th Edition | Page 22

Creating the Internet of Logistics Figure 5: Examples of documents required in Logistics automation; improved data quality; and longer-term opportunities in machine learning, artificial intelligence and new business models. Examples of possible opportunities are shown in Table 1. D OES IT MATTER ? The benefits of data sharing in the logistics industry are substantial for all involved entities. Opportunities include physical benefits such as real-time information of condition, geo-position and associated Shipper benefits Forwarder benefits IIC Journal of Innovation • • Real time track & trace and early warning Info arrival prior to goods Pro-active failure management towards end customer Event management Exception & acceptance handling Ease to change provider/supplier Low investment for small shippers to connect Electronically included Letter of Credit and DG management process in total solution Improved inbound visibility Automatic & accurate CO2 reporting E2E • • • • Shipper benefits above Resource and capacity planning Energy and cost spent on sales, not back office work Increased fill rates by consolidating cargo • • • • • • • • - 18 -