Sea-Air Trade Corridor
Maritime and air cargo were characteristically incompatible, implying that Port and Airport operations were planned separately. While this statement is still valid, several changes took place in recent years, with the emergence of a level of integration between Port and Airport terminals and their supply chains. And 2023 will see a sharp rise in the emergence of Sea-Air digital trade corridors worldwide. The Sea-Air corridor is the platform that connects both these modes of transport to form new synergies in the supply chain. This link will establish seamless cargo movement with advanced information sharing and connect the relevant stakeholders from both modes.
Rising cyber security attacks
While digitisation is seen as a boon, several stakeholders are reluctant to digitise their operations because of the rising cyber-attacks. According to a news report, the cyber-attacks in the UK in October 2022 rose by 40 per cent compared to 2020. Therefore, IT solutions providers are keenly looking to build a firewall or get a fresh IT solution provider and make it safer for all users simultaneously.
Maritime Single Window
In May 2022, the International Maritime Organization (IMO) announced fresh amendments to the existing FAL Convention. Port Authorities, Governments, and other Regulatory bodies associated with the Maritime trade are deemed to follow these rules before 01 January 2024 compulsorily. The mandate suggests and emphasises aspects such as mandatory digitisation, implementation of a Single Window System in every Port, and inculcation of the lessons learnt from the COVID-19 pandemic. In 2023, the rush to adhere to these norms will eventually be high, as IMO is keen on ensuring all stakeholders fall in line.
Operational efficiency
Improving freight visibility and resolving truck congestion has been the talking point for nearly a decade. However, lack of operational efficiency is one challenge that hardly got any spotlight. According to a study, a lack of efficiency in a cargo complex causes more delays than truck congestion. Therefore, Yard Operators, Forwarders, Shipping Lines, Port Authorities and others are deploying enterprise solutions and a holistic solution to address the lack of efficiency in 2023.
Evolving dynamics for Maritime
The world is evolving, and so is the need to transform. Moreover, the need to digitise and achieve cost efficiency is high in a post-pandemic world and a recession looming scenario. In addition, greener shipping will also see a significant push in the coming years. Therefore, 2023 will be a year to watch for the Maritime industry.
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