Episode 86: Navigating the Future of Trade Logistics with Jan Hoffmann of UNCTAD
The Last Dinosaur - Maritime Shipping In The Digital Age
Release Date: 10/01/2024
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info_outlineEpisode 86: Navigating the Future of Trade Logistics with Jan Hoffmann
Guest: Jan Hoffmann, Head, Trade Logistics at the UN Trade and Development (UNCTAD)
Episode Overview: In this episode, we sit down with Jan Hoffmann, Head of Trade Logistics at UNCTAD, to discuss the critical role that digitalization and sustainable development play in shaping global trade. We explore how the demand for digital data, particularly in maritime logistics, has skyrocketed since COVID-19 and the increasing reliance on tools like AIS tracking and AI.
Jan shares his insights into decarbonization, energy transition, and the evolving landscape of logistics, touching on the unique challenges faced by countries like the Marshall Islands. We also dive into the stages of digital transformation and their impact on global trade efficiency and volatility.
Key Points:
- The Role of UNCTAD: Jan explains how UNCTAD supports the development-friendly integration of developing countries into the global economy, ensuring sustainable development through their research and policies.
- Decarbonization Efforts: We delve into how UNCTAD assists countries like the Marshall Islands in navigating the financial and environmental challenges of decarbonization, especially in negotiations at the IMO.
- Digital Data Demand: The exponential rise in the demand and supply of data, driven by COVID-19 and the advancement of AIS tracking and AI tools, has transformed the logistics landscape.
- Three Stages of Digitalization:
- Optimization: Maximizing efficiency in current processes, such as port arrivals.
- Extension: Expanding value beyond efficiency, linking to the energy transition.
- Transformation: Reinventing logistics, trade, and business models with data-driven innovations.
- Containerization & Managing Transitions: We discuss the ripple effects of digitalization in logistics, particularly how it shifts workloads from ports to manufacturing, emphasizing the need for careful transition management.
- Technological Change & Its Impact: Jan shares a powerful statement: "Technological change will never be as slow as today," and explains how advances in computing and data modeling are enabling positive transformations in logistics.
- The Human Element in Logistics: We wrap up by discussing the happiness of people working in logistics, and how their roles are becoming more aligned through technology and collaboration.
Learn More: Check out Episode 53 and our chat with Kyle Henderson of Vizion for another insightful discussion on the impact of digitalization in maritime trade.
Tune in Now: Available on Spotify, Apple Podcasts, and more! Watch the episode on YouTube.
Music by: Peg and The Rejected 'King of SKA'
Art Work By: GA Design
Produced by: Chris Aversano
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