Friday, 20 September 2019 13:29

Glencore joins digitalization efforts

578 Glencore

 

Glencore has joined an initiative led by the world’s leading agri-shippers to digitize shipping transactions. Launched last October, the group now consists of Archer Daniels Midland (ADM), Bunge, Cargill, COFCO, Louis Dreyfus as well as Glencore. Its aim is to make a digital platform to smooth supply chains. The initiative is initially looking at new technologies – such as blockchain and artificial intelligence – to create digital solutions to automate grain and oilseed post-trade execution processes, reducing costs needed to move agricultural and food products around the globe. The group is projecting launch of the new platform in the second half of 2020 subject to regulatory approval.

 

 

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