Tag: Forecasting
Shipping must improve forecasting and not allow ‘uncertainty to delay action’
Large scale changes identified in report include key ports becoming unusable due to climate change, a surge in the percentage of women in the workforce, and African nations becoming the world’s main suppliers of seafarers. The maritime industry must improve its forecasting to prepare for a range of possible futures, according to its leading classification…
AI and Big Data Analytics Reshape Demand Forecasting for Container Shipping
Fluctuating volumes, primitive tools, and unreliable commercial forecasts—the global container shipping industry faces several challenges in predicting demand. One way forward-looking logistics professionals are beginning to mitigate them is by using AI and big data analytics. Advanced big data analytics can help collect and analyze vast amounts of data, including vessel operations, historical demand patterns,…
