SEOUL -- Samsung SDS, the information technology and logistics wing of South Korea's Samsung Group, has unveiled a smart overseas logistics platform to help small and medium-sized enterprises without dedicated logistics services find the fastest and optimized cargo delivery route and track packages in real-time.
According to government data, exports by small and medium-sized enterprises (SMEs) stood at $10 billion in 2020. While it is easy for large companies and conglomerates to export products using existing logistics services, it is hard for SMEs to develop new logistics routes.
Samsung SDS unveiled the "Cello Square 4.0" platform at an online conference on May 13. The platform is capable of providing optimized logistics route suggestions based on the weight, type, departing city, and destination of cargo. SMEs can track and monitor the status of their cargo in real-time. Payments will be made automatically when the cargo arrives at its destination.
For products that need special care such as temperature, moisture and shock, the smart logistics platform will allocate adequate spaces on vessels and planes using artificial intelligence. "We will help SMEs successfully make a foray into foreign markets through our competitive logistics service," Samsung SDS logistics business division official Oh Goo-il was quoted as saying.
Samsung SDS has adopted various technologies to offer pumped-up logistics services. In 2018, the company partnered with South Korea's customs service to provide a blockchain platform that will keep track of cargo and accelerate the customs process. Blockchain is basically a virtual ledger system that is unhackable. The system is widely used for harnessing various services to a network with maximized security.
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