Transporting people and cargo across the globe is almost as old as time itself! With shipping accounting for 90% of World Trade, it was surprising for us to learn how outdated the industry is with regards to technology!
The maritime industry is still very manual, and highly regulated making it a herculean task to even propose bringing about change!But COVID flipped this entire narrative! The pandemic revealed how fragile the global supply chains of essential items are. Shortages in medicines, lumber, to semiconductor chips and cars highlighted the weaknesses & risks in global trade! Recent global challenges & conflicts have made supply-chain resilience a must-have for businesses across the world.
The need for advanced technology to predict & adapt to sharp fluctuations between supply and demand is all the more essential!In today’s episode we re-visit our discussion with Martin Verhaegen, Founder & CEO of Qwyk, a digital logistics platform, aimed at revolutionizing one of the oldest industries in the world.Since we recorded this conversation, the THC team was thrilled to hear that Qwyk's incredible cloud-based shipping platform was acquired by Magaya Corporation, the leading provider of logistics and supply chain automation software. Tune in to hear Martin's incredible vision, resilience and drive to digitize the Trillion dollar shipping industry!