Global Logistics Revolution: Vodafone and Industry Titans Drive Cargo Automation

Global Logistics Revolution: Vodafone and Industry Titans Drive Cargo Automation

(IN BRIEF) Vodafone, Sumitomo Corporation, Deloitte, and Nexxiot have formed a strategic partnership to offer advanced digital services that streamline the global movement of goods. This collaborative effort aims to automatically verify data related to cargo movement and content, enabling companies to improve freight handling and comply with trade regulations. By leveraging their respective technologies and expertise, the alliance will accelerate customs clearance and digitalize logistics processes. The partnership combines Pairpoint’s Digital Asset Broker platform, Deloitte’s KYX service, and Nexxiot’s smart connected sensors. These innovations empower organizations to meet regulatory requirements, create smart contracts, and transform shipping containers into intelligent agents. The collaboration addresses the increasing demand for comprehensive audit trails by port authorities worldwide and offers a secure ecosystem for stakeholders to participate in global cargo movement.

(PRESS RELEASE) BERKSHIRE, 14-Dec-2023 — /EuropaWire/ — A formidable alliance has been forged between Pairpoint (the Economy of Things venture by Vodafone (LON: VOD) and Sumitomo Corporation), Deloitte, and asset-intelligence firm Nexxiot, aimed at offering cutting-edge digital services that enhance the global movement of goods.

This groundbreaking service is set to revolutionize the verification of data pertaining to cargo movement and content, enabling companies to streamline freight handling processes while adhering to international trade regulations. The partnership will facilitate quicker customs clearance and port authority procedures, thus expediting the digital transformation of the logistics industry.

The collaboration leverages the strengths of three key entities: Pairpoint’s Digital Asset Broker (DAB) platform, designed to enhance the credibility of data concerning shipping container routes and contents; Deloitte’s KYX service, encompassing Know Your Client and Know Your Cargo solutions; and Nexxiot’s advanced freight solutions, featuring smart connected sensors. KYX is the outcome of Deloitte and Nexxiot’s recent partnership, specializing in the autonomous collection of asset data to optimize freight movement costs, encompassing both shipping containers and railcars.

DAB’s audit trail will assist organizations in meeting forthcoming regulatory requirements, including accurate reporting of supply chain origins and shipment integrity. Furthermore, DAB empowers customers to create programmable smart contracts, advancing the digitization and automation of supply chain processes. This innovation transforms shipping containers into intelligent agents capable of seamless interaction within the Economy of Things, offering features like customs self-clearing containers and comprehensive shipping document digitization.

Jorge Bento, CEO of Pairpoint, emphasized, “Through this collaboration, we aim to offer significant advantages to stakeholders in the logistics sector by promoting surety and provenance of data in the shipping industry. Our goal is to enhance the efficiency of maritime logistics and streamline goods clearing customs and ports without introducing additional risk.”

Helena Lisachuk, Global IoT Lead at Deloitte, added, “We are dedicated to establishing ‘Green Lanes’ to minimise disruptions for cargo in global transit. Achieving this requires close collaboration with port authorities and engagement with global and regional justice organisations. Applying Nexxiot’s and PairPoint’s technology and knowledge to enable real-time monitoring and door-related event tracking, along with Deloitte’s expertise– offers new mechanisms to monitor data integrity during cargo movements.”

Stefan Kalmund, CEO of Nexxiot, stated, “Our strategic collaboration with Deloitte, Vodafone, and Sumitomo Corporation aligns with our vision to enable smart assets out of existing shipping containers and railcars. We aim to identify operational inefficiencies or safety concerns while providing data provenance to various stakeholders, including shippers, carriers, port authorities, and trade financing partners. This is a significant step in supporting the digital economy of connected cargo and global goods movement.”

Note to Editors: The Pairpoint, Deloitte, and Nexxiot Partnership

This strategic partnership addresses the increasing requirement by port authorities worldwide for a comprehensive audit trail before processing shipping containers. By enhancing container security and improving reporting on container contents, cargo can pass through customs more efficiently. The collaboration enables freight and shipping companies, as well as brokers and logistics organizations, to navigate complex supply chains and comply with diverse country-specific regulations, even for cross-border shipments and offshore entities.

The secure service also invites other stakeholders to join the ecosystem and harnesses the global reach of Vodafone, Sumitomo Corporation, Deloitte, and Nexxiot to cover shipping routes worldwide.

About Pairpoint

Pairpoint (the brand name of DABCo Limited) is based in the United Kingdom, with offices in London (UK) and Lisbon (Portugal). It is supported by an investment of 60 million euros from Vodafone Group and Sumitomo Corporation Group and employs 50 people with specialist skills and experience in IoT and financial technology.

Learn more about Pairpoint tech and industry solutions on the website.

Join the EoT revolution at https://pairpoint.io

About Vodafone

Vodafone is the largest pan-European and African telecoms company. Our purpose is to connect for a better future by using technology to improve lives, digitalise critical sectors and enable inclusive and sustainable digital societies.

We provide mobile and fixed services to over 300 million customers in 17 countries, partner with mobile networks in 46 more and are also a world leader in the Internet of Things (IoT), connecting over 175 million devices and platforms. With Vodacom Financial Services and M-Pesa, the largest financial technology platform in Africa, we serve more than 73 million people across seven countries.

We are committed to reducing our environmental impact to reach net zero emissions by 2040, while helping our customers reduce their own carbon emissions by 350 million tonnes by 2030. We are driving action to reduce device waste and achieve our target to reuse, resell or recycle 100% of our network waste by 2025.

For more information, please visit www.vodafone.com, follow us on Twitter at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.

For more information, please contact:

Investor Relations

Investors.vodafone.com
ir@vodafone.co.uk

Media Relations

Vodafone.com/media/contact
GroupMedia@vodafone.com

Registered Office Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679

About Deloitte

Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories.

Learn how Deloitte’s more than 457,000 people worldwide make an impact that matters at www.deloitte.com.

About Nexxiot

Nexxiot is digitalizing freight asset management with technology that now oversees the world’s most extensive network of connected shipping containers and railcars.

Clients gain access to unparalleled real-time data, which streamlines fleet management and automates logistics processes. Our devices, built for resilience, withstand extreme conditions and provide long-term, detailed insights into events affecting containers and railcars, including impacts, delays, security incidents, and loading activities.

Our Asset Intelligence technology significantly improves operational efficiency, enhances safety, enriches digital capabilities, and contributes to CO2 reduction by encouraging a shift from road to rail freight.

Based in Zurich, Switzerland, Nexxiot’s influence extends globally. Our team, comprised of industry experts, operates from offices in Europe and North America and maintains a presence in over 450 depots, ports, and rail yards.

To learn more about how Nexxiot is leading the digitalization and optimization of logistics and supply chain management, please visit www.nexxiot.com.

Deloitte Press Contact 

Inger Hund
Deloitte
ihund@deloitte.nl

Nexxiot Press Contact 

Felix Zimmermann | Medienbüro am Reichstag GmbH
+49 163 300 06 61;
felix.zimmermann@mar-berlin.de

SOURCE: VODAFONE