Archive for month: January, 2023

TIBA has formed an alliance with NTT DATA as a logistics partner to support an innovative supply chain technology solution which provides real-time information of cargo in containers. Our extensive experience, spanning almost 50 years in the logistics industry, and our footprint in over 20 countries, make us a trusted logistics partner and the logistics knowledge bearer in rolling out this project which dovetails with our vision of “Making the world of logistics a moving experience” through technological innovation. TIBA collaborated with NTT DATA and SAP Connected Product teams on a Smart Shipments pilot project to track the condition of hundreds of containers moved by 20 shippers between Europe and Asia. Connected Product is a global cargo tracking solution jointly developed by NTT DATA, one of the foremost systems integration and digital development corporations, and SAP, a market leader in enterprise application software; to improve insurance management for global supply chains. TIBA, the largest Spanish logistics multinational, provided logistics support for the project as part of its transition to becoming a digital forwarder. The success achieved in the first shipments made through the pilot has enabled NTT DATA and TIBA to upscale the project worldwide with the goal of reaching 5,000 Smart Shipments in 2023. Smart Shipments, smart logistics Connected Product was piloted for freight insurance policies in conjunction with one of Europe’s preeminent insurance and reinsurance carriers. Unlike legacy data collection systems which store information that can only be downloaded at destination, Connected Product, leverages the Internet of Things (IoT) to transmit shipment information gathered in real time to unlock parametric insurance. The solution connects with an IoT device fitted in the container to monitor the entire supply chain in real time. When predefined conditions are not met and the freight may be at risk of damage or loss, the device sends out an immediate alert which activates the parametric insurance policy and the associated contingency protocols.

TIBA teams up with NTT DATA in Digital Supply Chain Insurance project

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