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Shipping Lines : KLog.co innovates again as the first digital freight forwarder to join TradeLens in Latin America
Santiago, Chile — KLog.co, a digital-first freight forwarder, has joined TradeLens, a blockchain-enabled container logistics platform, jointly developed by A.P. Moller – Maersk (MAERSKb.CO) and IBM (NYSE: IBM). KLog, known as an innovator in the Latin American market, aims to help democratize trade in the region, a goal enhanced by participation in TradeLens.
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 captuklogre via APIs 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
Felipe Bermudez, Commercial Manager of Hamburg Süd (left), and JananKnust, Founder & CEO of KLog.co-signing the TradeLens agreement.
Felipe Bermudez, Commercial Manager of Hamburg Süd (left), and JananKnust, Founder & CEO of KLog.co-signing the TradeLens agreement.Santiago, Chile — KLog.co, a digital-first freight forwarder, has joined TradeLens, a blockchain-enabled container logistics platform, jointly developed by A.P. Moller – Maersk (MAERSKb.CO) and IBM (NYSE: IBM). KLog, known as an innovator in the Latin American market, aims to help democratize trade in the region, a goal enhanced by participation in TradeLens.
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 captuklogre via APIs 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.
“KLog are pioneers in developing integrations with important players in the logistics industry, collaborating to digitalize trade to benefit our customers. We are excited to join with TradeLens and its shared goal of democratizing trade for all. 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.
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.” Janan Knust, Founder & CEO of KLog.co
Data enhancements planned for integration include data ‘direct from the source’ that will improve KLog’s own AI and predictive ETAs. 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.
Changes to Transport Plans are an essential data set allowing freight forwarders the ability to review routings and determine appropriate contingencies, if required, for their clients. To be proactive, changes need to be captured as soon as possible.
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”.
“Integrating with digital-first companies like KLog is validation that TradeLens is spurring innovation in the maritime industry. Combine this with a Latin American ecosystem that has developed substantially since TradeLens was launched, and you have an environment where companies can simplify their international trade experience with increased transparency and access to data through strong local partners.”- Mike White, CEO of GTD Solution Inc., and Head of TradeLens.
Integrating with digital-first companies like KLog is validation that TradeLens is spurring innovation in the maritime industry
TradeLens is already directly integrated with 5 ocean terminals and 4 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. 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.
KLog’s rapid growth continues within the Latin American region. They recently opened an office in Peru (link) and have plans for offices in Bolivia, Colombia, Uruguay, and Mexico. Building off a strong digital platform and using a digital-first approach has allowed continued expansion to move ahead rapidly and confirm KLog as a regional leader in the digital logistics space.
Enabling freight forwarders with data direct from the source to enhance their own offering to their clients and close data gaps is a key TradeLens priority. Launched in 2018, the TradeLens ecosystem now includes more than 300 organizations – extending to more than 10 ocean carriers and encompassing data from more than 600 ports and terminals. Already it has tracked 35 million container shipments, 2 billion events, and roughly 16 million published documents
