23
May 2024 - RNS Reach
Windward
Ltd.
("Windward", "the Company")
New Supply Chain
Customer
Ligentia integrates
Windward's Maritime AI solution to improve operations and enhance
ocean freight visibility
Windward (LSE: WNWD), a leading
Maritime AI™ company, is pleased to announce that it has signed a
three-year subscription contract with Ligentia, a leading global
supply chain management company for Windward's Ocean Freight
Visibility solution. The adoption of Windward's Maritime AI™ by
this major freight forwarder reflects the increasing need for
enhanced visibility and insights across the supply chain
segment.
Tailored to the needs of freight
forwarders, Ocean Freight Visibility will be integrated within the
Ligentix supply chain portal, providing a real-time understanding
of vessel schedules and arrivals, deviations and risks, empowering
Ligentia's teams and their customers to manage by exception. The
agreement means that Ligentia's customers will have more accurate
information to make business critical supply chain decisions and
adapt to critical events.
Recent disruption highlights the need for reliable
data
The latest spate of ocean freight
disruptions, largely stemming from the decision to cease merchant
shipping in the Red Sea following merchant ship attacks by Houthi
rebels, have once again highlighted the need for reliable data.
Between October and March, carrier transit times ballooned from an
average of 34 days to 46 days, and over the same period on-time
reliability has plummeted from 44% down to a mere 10%.
The integration of Windward's
AI-powered solution into the Ligentix Supply Chain Platform will
provide Ligentia and its customers with a clear understanding of
notable milestones and delays, including late departures and late
or missed transshipments empowering them to manage by exception and
react to extraordinary events. Ligentia will also be able to access
Windward's data and insights to more accurately analyse carrier
performance and optimise their planning accordingly.
Chief Technology Officer at Ligentia, Anthony Plummer
said:
"At Ligentia, one of our primary areas of focus is delivering
innovative solutions that will enable our customers to be more
successful, and the Windward agreement is the latest example of
this. Data is indicating that only one in ten container ships
is arriving on time right now and as we approach peak season,
predicting the arrival of shipments is a major challenge.
Integrating Windward Maritime AI™ into Ligentix will provide
Ligentia teams and our customers access to reliable, real-time
data, but also tools that will enable enhanced decision-making
leveraging predictive insights to better mitigate supply chain risk
and achieve improved business performance."
Ami
Daniel, CEO and Co-Founder of Windward said:
"In a period of unprecedented delays and uncertainty, we are
proud to provide Ligentia and their customers with our Maritime AI
Insights. This integration is a reflection of Windward's commitment
to excellence and enabling customer like Ligentia to drive
innovation. AI adoption is the necessary next step to provide
stakeholders with reliable data and insights so they can streamline
operations and achieve greater business success more
efficiently."
For
more information, please contact:
Windward
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Via Alma
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Irit Singer, CMO
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Canaccord Genuity (Nominated Adviser &
Broker)
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+44(0)20 7523 8000
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Simon Bridges / Andrew
Potts
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Alma Strategic Communications
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+44(0)20 3405 0205
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Caroline Forde / Kieran Breheny /
Will Merison
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About Windward
Windward (LSE:WNWD), is a leading Maritime AI™ company, providing
an all-in-one platform to accelerate global trade. Windward's
AI-powered decision support and exception management platform
offers a 360° view of the maritime ecosystem and enables
stakeholders to make real time, predictive intelligence-driven
decisions to achieve business and operational readiness.
Windward's Maritime AI supports
companies across industries. The company's clients range from oil
supermajors, freight forwarders, and port authorities, to banks,
shippers, insurers, and governmental organizations.
For more information
visit: https://windward.ai/.
About Ligentia
Ligentia is a leading global supply
chain solutions provider with 28 years' experience delivering more
sustainable and agile supply chains. Our customers include some of
the world's most sophisticated retailers and best-known brands in
manufacturing, healthcare and consumer goods. With teams located
across Asia, Oceania, North America and Europe, our people are
supply chain experts and problem solvers, providing world-class
sector and regional expertise backed by smart technology to help
make supply chains more resilient.
For more information, visit https://ligentia.com
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