KLog.co, a digital-first freight forwarder, has joined TradeLens, the blockchain container logistics platform, jointly developed by A.P. Moller - Maersk and IBM.
KLog’s digital platform provides timely 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.
The timely data capture via Application Programming Interfaces 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, no matter the size of the business, according to an announcement.
The Chile-based company claimed that it aims to help "democratise trade in the region," a goal enhanced by participation in TradeLens.
“Our logistics platform aims to be intuitive and simple, centralizing and ordering information, tracking shipments, incorporating alerts to avoid extra costs and creating the ability to automate workflows," said Janan Knust, founder and CEO of KLog.co, and went on to add, "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 data ‘direct from the source’ that will improve KLog’s own Artificial Intelligence (AI) and predictive estimated time of arrivals (ETAs), said TradeLens in its announcement.
Additionally, updates to the transportation plans, published directly by the ocean carriers to the TradeLens platform, can be consumed in near real time by KLog’s customers.
Janan Kunst elaborated, “Real-time insight into logistics data is critical. It’s no use if an update comes through days or even hours after an event has occurred, especially when we consider clients expectations for speed of information and desire for knowing where their cargo is at all times.”
TradeLens is already directly integrated with five ocean terminals and four inland depots in Chile, plus an additional 23 terminals, 10 inland depots within Latin America. Trucking integration has also started with coverage in four countries in the region, while a single API integration with TradeLens allows freight forwarders and beneficial cargo owners to access end-to-end supply chain data, leading to improved planning, data analysis and ultimately better customer service.