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