Israeli predictive intelligence software company, Windward, launched its Ocean Freight Visibility solution designed to upgrade the logistical workings of global maritime trade, the company announced this week.
The new solution connects freight forwarders with a system that provides real-time accurate ETA predictions, disruption risk predictions, potential reasons for delay, and clearer supply chain visibility based on “billions of data points and data sets” from a wide variety of sources. These sources include the carrier, weather, location, vessel traffic, port, and terminal data.
The system’s predictive insights grant major freight clients the ability to respond accordingly to changing circumstances, whether it means shifts in weather, labor shortages, or port congestion in order to more consistently maintain container ETAs. Freighters are alerted to any relevant insights in real-time, and the system also provides daily notifications via email and “an API integration with existing transportation management systems or a web application”––a handy solution for the 1500% increase in ocean freight and the disproportionately low rate of on-time arrival throughout the global pandemic.
Windward’s solution is already being utilized by global freight forwarding companies such as DSV, Metro Shipping, and Cargo Amerford to inject much-needed efficiency and reliability into their respective shipping operations.
Founded in 2010, Windward draws upon its extensive high tech and maritime expertise to effectively digitalize the global maritime industry integrating AI to generate accurate ETA predictions providing numerous stakeholders a transparent view of maritime ecosystems and their economic impacts.
“The supply chain today is facing a combination of factors that have been long in the making: the rise of consumer demand, lagging infrastructure, labor shortages, and a constant eruption of local disruptions. Put these together and you have a butterfly effect,” said Ami Daniel, co-founder & CEO of Windward. “We don’t know when the supply chain crisis will end, yet creating solutions to help manage supply chain risk is critical.”
“Freight forwarders are the key to making the supply chain more efficient, but without the proper tools they are constantly reacting to evolving situations as opposed to initiating protective and proactive steps,” said Daniel. “Windward is proud to bring our years of expertise in deep learning, Maritime AI, and big data to give freight forwarders real-time visibility and provide actionable insights for their shipments helping them manage ocean freight in real-time.”
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