Lack of data sharing and poor collaboration hampers maritime supply chain

A report by U.S.-based Business Performance Innovation Network found that the maritime industry and ocean supply chain are suffering from major and costly inefficiencies due to ineffective data sharing and poor cross-industry collaboration, World Maritime News reported. More than 80% of respondents said that the shipping industry needs to improve supply chain visibility, while 90% said that real-time data access and information sharing was important for increasing the efficiency and performance of the industry.

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