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Digital transformation in the shipping industry : how Industry 4.0 is shaping the shipping industry?

Authors: Struck, Emily Leslie;

Digital transformation in the shipping industry : how Industry 4.0 is shaping the shipping industry?

Abstract

Global trade is of pivotal importance to the global economy accounting for $19.48 trillion in worldwide exports in 2018 (WTO, 2019). The shipping industry is the synonym of global trade, with cargo shipping representing a monopoly in the trading industry. However, the shipping industry is going through some challenges that force the industry to reconsider their business model. The shipping industry must therefore find solutions to improve its profitability via a more efficient value chain model. To tackle this objective, the introduction of Industry 4.0 in the shipping industry is assessed in this paper to evaluate its potential impact. Industry 4.0 describes the end-to-end digitalization of the business model value chain. It is the evolution, growth, and improving efficiency of new enabling technologies empowering a nearly real-time linkage between the physical and digital environments (Olsen & Tomlin, 2019). Internet of Things, Artificial Intelligence and Cloud Computing are the backbone technologies of Industry 4.0. This paper introduces such technologies alongside use cases to understand Industry 4.0’s impact on the shipping industry. To disseminate Industry 4.0 in the shipping industry, this paper concludes that Industry 4.0 providers must consider the risk adverse landscape of the shipping industry when proposing potential solutions. It is crucial for Industry 4.0 providers to speak the language of shipping companies so that they can understand the potential of what is offered and see Industry 4.0 not as a threat but as an opportunity. In any case, the future of the shipping industry already lies through Industry 4.0.

O comércio global é de importância fulcral para a economia global, representando $19,48 trilhões em exportações mundiais em 2018 (WTO, 2019). O sector marítimo é sinônimo do comércio global, com o transporte de carga representando um monopólio na indústria do comércio. No entanto, o sector marítimo está passando por desafios forçando-o a reconsiderar o próprio modelo de negócio. O sector deve, por conseguinte, melhorar sua rentabilidade através de um modelo de cadeia de valor mais eficiente. A introdução da Indústria 4.0 no sector é, portanto, avaliada na presente dissertação, a fim de analisar seu potencial impacto. Indústria 4.0 descreve a digitalização end-to-end da cadeia de valor do modelo de negócio. É a evolução, crescimento e melhoria da eficiência de novas tecnologias que possibilitam uma ligação quase em tempo real entre os ambientes físicos e digitais (Olsen & Tomlin, 2019). Internet of Things, Inteligência Artificial e Cloud Computing são as tecnologias de base da Indústria 4.0. Esta dissertação apresenta as tecnologias juntamente junto casos exemplares para entender o impacto da Indústria 4.0 no sector. A dissertação conclui que, para disseminar a Indústria 4.0 no sector marítimo, os fornecedores devem considerar o adverso de risco do sector ao propor potenciais soluções. É crucial que os fornecedores da Indústria 4.0 dominem a língua das empresas de navegação para que compreendam o potencial do que é oferecido e ver a Indústria 4.0 como uma oportunidade, e não uma ameaça. Em qualquer caso, o futuro do sector marítimo reside já na indústria 4.0.

Country
Portugal
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Keywords

Digital transformation, Big data, Artificial intelligence, Internet, Domínio/Área Científica::Ciências Sociais::Economia e Gestão, Internet of Things, Transformação digital, Indústria marítima, Cloud computing, Shipping industry, Industry 4.0

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selected citations
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This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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