The application of digital solutions to raise the efficiency of marine container transportation, the case of COSCO Group
Abstract
At the moment, the global civilization witnesses a shift in technological priorities. The main trend of which is a move away from the mechanical-instrumental aspect of social development to digital technological development, which has an impact on the entire technological structure and brings about fundamentally new organizational forms of production and commercial structures. This situation is also typical for the modern transportation market, which manifests in the emergence of new business models developed by transport companies, raising efficiency in transport services and altering the cost structure of transport services. The article looks into the features of applying digital solutions in the transportation of goods using the case of COSCO Group. The author concludes that digital systems are currently especially relevant for the development of port infrastructure, as well as for monitoring marine container transportation, reducing the possibility of downtime, optimizing marine transportation routes, enabling firms to demonstrate better performance through the use of digital solutions.
About the Author
N. O. Yudin
MGIMO University
Russian Federation
Russian Federation
Nikita O. Yudin - PhD in political science, Lecturer at the Department of German Language, Head of the Scientometric Analysis Sector
119454, Moscow, 76 Vernadsky Avenue
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Review
For citations:
Yudin N.O. The application of digital solutions to raise the efficiency of marine container transportation, the case of COSCO Group. International Business. 2024;(1 (7)):12-18.
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