Some of the benefits of PCS are:
With technologies like Blockchain, Machine Learning, the Internet of Things (IoT), and 5G PCS can take a giant step further. This PCS 3.0 the next generation PCS is expected to cut operating expenses by 25 to 55 percent and raise productivity by 10 to 35 percent as per recent reports. PCS 3.0 will enablethe shift from asset operator to service orchestrator, part of a larger transition to Industry 4.0.
Thereby providing grounds to digitally-enabled efficiency gains throughout the world trade and economy. PCS 3.0 will generate more value for port operators, suppliers, and customers alike.
In the model for the future, PCS 3.0 powered ports will enlarge their role by synchronizing physical and information flows inside and outside terminals to enhance the port ecosystem’s broader, systemwide efficiency. Forward-looking ports will push toward this next horizon, beyond automation, in the coming era. Every player—shippers, terminal operators, trucking companies, railroads, shippers, logistics companies, freight forwarders, and consignees—will be connected to optimize the entire supply chain ecosystem. Ports can experience optimization through advanced analytics, and dynamic scheduling.
The cornerstone of PCS 3.0 will be automation, which—if implemented and configured appropriately—can transform ports into highly reliable, efficient and flexible logistics hubs. It can ensure direct predictable physical flows and use of extensive data with advanced analytics to buffer many variables in the transportation network. Ports, now often seen as constraints in transportation networks, could then actively resolve problems in other parts of the value chain.
This journey from Port 1.0 to Port 3.0 has been evolutionary, but PCS 3.0 requires a leap into the future and bold changes in the operating model with technology as the backbone. It is essential to involve the relevant stakeholders and to develop, together with them, a new business and governance model for collaboration, trust, and communication. Only then will PCS 3.0 unlock its full potential. Port community systems can, and will, play a major role as the world moves towards the Single Window concept.