Klaveness Digital develops dual solution for the aluminium industry

The Norwegian technology company, Klaveness Digital on a mission to bring shipping and logistics into the future, has coupled with key players in the aluminium industry to develop a new solution for managing supply chain risk and reducing the waste often associated with maritime logistics.

The solution is an extension of CargoValue, an intelligent shipping and logistics platform that permits users to plan and manage shipping schedules and inventories in one, unified solution.

Outside China, so far CargoValue serves a potential aluminium market and is growing at a rapid pace as Klaveness Digital pursues to develop new functionality to solve everyday industry issues.

The latest solution will empower aluminium industry players to build a real-time digital twin of their maritime supply chains with multiple ‘what if’ scenarios to support evaluate the uncertainty and risks that typically lives throughout the planning and execution process. Like for examples, it could be delayed shipments due to inclement weather, port clashes, or scheduling revisions to optimise working capital between production sites.

On 24^th March 2021, while releasing, Klaveness Digital stated: “With shipping, a strong contributor to scope 3 emissions (or indirect supply chain emissions), and several industry leaders aiming to make significant reductions on emissions by 2030, the initiative also empowers players to improve decision making and reduce the waste that can occur through increased waiting time for vessels.”

Aleksander Stensby, Managing Director, Klaveness Digital, said: “We share the view that digitalisation offers a new degree of resiliency and responsiveness, enabling industrial companies to react to disruptions, anticipate and adjust in real-time as conditions in the supply chain change. After successful testing and deployment within the aluminium sector, we are excited to introduce Scenarios by CargoValue to other industries soon.”