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Co-operation key to efficient supply chains

Huge potential of blockchain in efficiency raising

Around 75 per cent of German companies believe that raising efficiency in the supply chain can only be achieved through co-operation between customers and suppliers, the Hamburg-based Hermes announced in November. Blockchain technology holds great potential in this context, according to the 9th Hermes Barometer on “Collaboration in the Supply Chain”. Hermes Germany had surveyed 200 logistics decision-makers in German companies.

Greater security through blockchain technology

More than one third of decision-makers surveyed believe that blockchain technology has the potential to prompt enormous changes in logistics that go far beyond the “normal” digitalisation process, according to the barometer. One in two employees in larger companies, i.e. with more than 250 employees believe that the technology has heightened significance for increasing data security in the co-operation process.

Internal know-how and communication

Seven of ten companies are of the opinion that they have the necessary know-how to optimize co-operation with their partners and to plan and implement their logistics processes themselves. “A trusting co-operation between the supply chain partners is, of course, the essence. Confidence-building measures such as clear rules and regulations and contracts, e.g. can promote willingness to co-operate,” said Jan Bierewirtz, CCO Hermes International/Division Manager Commercial at Hermes International, a division of Hermes Germany.

Digital logistics

The sector is crucial to the Port of Hamburg. To boost Hamburg’s position as one of the leading logistics centres in northern Europe, the Ministry of Economic and Labour Affairs launched the Logistik-Initiative Hamburg with over 2,000 clients and companies. The Digital Hub Logistics for digital business transformation launched in the Hamburg Metropolitan Region and Germany in 2017. The hub aims to attract market leaders, SMEs, start-ups, science, research and providers of further education to Hamburg. It also supports the launch of new digital products, networked businesses and talented, young business people.

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