Driving Digitization in Shipping with Kshitij Parashar
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In this episode of 3rdwave Trade Talks, Grant Sernick, Head of Sales and Marketing at 3rdwave, engages in a deep conversation with Kshitij Parashar, a Program Lead at the Digital Container Shipping Association (DCSA). They explore the importance of standards in the container shipping industry and the work done by DCSA to drive digitization and standardization. They discuss challenges like varying data formats, the use of Electronic Data Interchange (EDI), and the transition to more modern API-based solutions to enhance data exchange in shipping. The episode delves into the specifics of DCSA's efforts in creating standardized data sets for track and trace, bookings, and electronic bills of lading (EBL), highlighting the ongoing mission to unify and streamline data communication across the global shipping ecosystem.
00:00 Intro
00:32 Welcoming Kshitij Parashar
01:31 Understanding DCSA
06:12 The Role of Beneficial Cargo Owners (BCOs)
09:32 Standardizing Data in Container Shipping
13:34 Track and Trace: The Journey of a Container
18:45 The Complexity of Standardizing Status Messages
29:45 DCSA's Progress and Future Plans
35:11 Addressing Industry Challenges with Data Latency
42:14 DCSA's Portfolio of Standards
50:23 Challenges with EDI and the Shift to APIs
54:29 Addressing Global Standardization Issues
58:41 The Role of DCSA in Trade Compliance and Sustainability
01:03:03 Conclusion and Final Thoughts
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