Global transport and logistics company Kuehne + Nagel on Wednesday held a conference on “logistics transformation and infinite digital opportunities” in HCM City to discuss the importance of a seamless digital supply chain.

Global and regional trends in digitalisation in the supply chain and understanding big data were among the main issues discussed.

Alexander Cohrs, head of Kuehne + Nagel AG’s Digital Communication, said the company aimed to become a fully technology-enabled and data-driven value chain provider.

He stressed the importance of a seamless digital supply chain comprising core elements such as automation, connectivity, big data, and new digital solutions.

Director of Sales and Marketing at LogIndex AG Hans Peter Arnold said the Kuehne + Nagel’s blockchain technology can predict the risk of unexpected events, ensuring smooth delivery of clients’cargo.

Blockchain technology allows companies to efficiently build business ecosystems between supply chain parties, accelerate flow of data distributed between parties, and enhance trade security, among other benefits, Cohrs said.

Arnold said the logistics industry in general was facing increased complexity, regulations and infrastructure; cybersecurity issues; disruptions; threats to free trade; volatile markets; and higher expectations from clients.

“I’m glad to see that Viet Nam is ranked fourth in potential for logistics industry investment, following India, China, and Brazil,” he added.

While Viet Nam mostly imports goods from Asian countries like China, South Korea and Japan, its largest export market is the US, he said.

Arnold said that logistics transformation trends include visibility across the supply chain, lean and agile hybrid supply chain strategies, better risk control, automated processes and dashboards with alerts. – VNS