By: ICN Bureau
Last updated : April 01, 2022 4:22 pm
project44 introduces real-time insights on all the ports in the world dramatically expanding its ocean visibility offering
project44, the leading supply chain visibility platform, lunached launched Port Intel, the industry's first port intelligence solution with real-time data on congestion and container flow at all global ports.
The platform provides shippers, LSPs (Logistics Service Providers), FFW (Freight Forwarders) and other stakeholders with what they need to manage and mitigate the impacts of today's ocean turmoil and chaotic supply chains.
With seemingly endless disruptions, from the Suez Canal blockage to port bottlenecks, companies and customers alike have gained a higher awareness of international shipping challenges and the need for real-time intelligence data.
When the Russia/Ukrainian conflict emerged, project44 data showed a 52% increase in export dwell times from Ukraine and an immediate 40.2% drop in daily peak TEU vessel capacity calling at Russian ports. Similarly, vessels waiting near Yantian spiked by 44.1% when the most recent COVID-19-related lockdown took effect in Shenzhen. These ongoing supply chain challenges require companies to stay nimble and prepare contingency plans by utilizing real-time port data.
"Port bottlenecks, COVID-19 lockdowns, and sourcing changes driven by war in Ukraine have made it difficult for shippers to stay on top of their supply chains," said Jett McCandless, Founder & CEO of project44.
"To help our customers meet these challenges, we've enhanced what was already the world's most advanced ocean visibility suite. Our customers have never been better positioned to identify and mitigate supply chain obstacles."
project44's Port Intel, the first of its kind, addresses a blind spot hurting shippers worldwide: lack of visibility into port congestion. Port Intel delivers access to global port and vessel-level detail powered by proprietary data and analytics. These real-time insights allow companies to proactively keep on the pulse of supply chain disruptions, black swan events and their impact on terminal operations and the resulting shipment delays.