Mar 18, 2023 | Business
Randall Castillo Ortega, a seasoned financial advisor, and Global Trade & Logistics expert with strong ties to the Latin American import and export sectors, recently shared his insights on the urgent need for the ports and logistics industry to move towards automation in 2023. In an exclusive interview with [Media Outlet/Platform], Ortega stressed the importance of modernizing the industry to enhance efficiency, cut costs, and boost competitiveness in the global marketplace.
Leveraging his extensive experience working with small- and medium-sized enterprises in Panama and Costa Rica, Ortega underscored the pivotal role that automation could play in addressing the challenges confronting the ports and logistics industry. He cited the mounting pressure on the industry to keep pace with the rising global trade volume and the need to mitigate environmental impacts while optimizing operational efficiency.
Automation is no longer an option but a necessity for the ports and logistics industry. With global trade continuing to surge, the industry must adopt cutting-edge technologies capable of streamlining processes, lowering costs, and minimizing environmental impacts, said Ortega. By embracing automation, ports and logistics companies can remain competitive and cater to their customers more effectively in the rapidly evolving global landscape.
Ortega identified several critical areas where automation could yield transformative results for the ports and logistics industry:
Automated cargo handling:
Investing in automated cargo handling systems can significantly improve the efficiency of loading and unloading operations at ports. These systems can reduce the time required to transfer cargo between ships, trucks, and storage facilities, accelerating turnaround times and lowering labor costs.
Smart port management systems:
Ortega recommends adopting intelligent port management systems that leverage data analytics, artificial intelligence (AI), and the Internet of Things (IoT) to optimize port operations. These systems can help ports better manage traffic flow, resource allocation, and scheduling, increasing efficiency and reducing operational costs.
Autonomous vehicles:
Deploying autonomous vehicles, such as self-driving trucks and automated guided vehicles (AGVs), can revolutionize the transportation of goods within and between port facilities. By automating cargo movement, ports can minimize human error, decrease the risk of accidents, and enhance overall efficiency.
Digitalization and blockchain technology:
Ortega also emphasized embracing digitalization and blockchain technology to bolster transparency, security, and efficiency in the ports and logistics industry. By transitioning from paper-based processes to digital solutions, companies can significantly alleviate administrative burdens and improve the accuracy and timeliness of data exchange between parties.
Green technologies:
Furthermore, Ortega stressed the importance of investing in green technologies, such as energy-efficient equipment and renewable energy sources, to minimize the environmental impact of port operations. By adopting sustainable practices, the industry can contribute to global efforts to combat climate change and reduce its carbon footprint.
Robotics and AI:
Ortega highlighted the potential for robotics and AI to enhance productivity and accuracy in various aspects of port operations. For example, robotic systems can be employed to perform tasks such as container stacking and inspection, while AI can be used for predictive maintenance, improving equipment efficiency, and reducing downtime.
To drive the widespread adoption of automation in the ports and logistics sector, Ortega underscored the need for collaboration among industry stakeholders, governments, and technology providers.
Its crucial for the industry to work collectively to develop and implement innovative automation solutions that can address the unique challenges faced by ports and logistics companies, said Ortega.
About Randall Castillo Ortega
Randall Castillo Ortega has been involved in the financial space, trade compliance, and logistics throughout his professional career. In addition to having founded the financial lending firm RACO, he has extensive experience and expertise in international freight compliance and supply chain logistics.
- Contact Information
- Randall Castillo Ortega
- Communications Manager
- Randall Castillo Ortega
- (506) 8829-0729
- info@racoinvestment.cr
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Sep 30, 2022 | Business
AEON KYUSHU Co., Ltd., AEON GLOBAL SCM Co., Ltd. and Commercial Japan Partnership Technologies Corporation (CJPT) have announced that they are working together on a logistics improvement project for the AEON Group in the Kyushu area that will solve problems faced by the logistics industry, such as soaring logistics costs and driver shortages.
AEON has been working to improve efficiency at each stage of logistics, from procurement to sales, to fulfill its mission of supporting the daily lives of its customers. The company strongly believes that it is essential to collaborate with partners beyond the framework of individual companies. An example is pursuing further efficiency by viewing the entire supply chain as a continuous process, in order to solve issues related to logistics and the protection of lifestyles in an environment where all costs are rising.
CJPT believes that streamlining logistics, in addition to vehicle electrification, is a path toward building a carbon-neutral society. The company has been working to minimize cargo and operation stagnation (logistics downtime) using big data and real-time processing, which are the strengths of connected-technology infrastructure.
AEON and CJPT share the common desire to help solve social issues as companies that are responsible for logistics in Japan. Based on this desire, the companies have begun improving supply chain logistics in the Kyushu area by combining the logistics expertise built up by AEON KYUSHU and AEON GLOBAL SCM with the connected technologies of each company participating in CJPT. The three companies will take on the challenge of creating the future of logistics in cooperation with their partners to support the daily lives of customers.
Outline of Joint Efforts by the Three Companies
– Establish new operations to improve efficiency by linking each process in the supply chain
– Improve efficiency by minimizing logistics downtime through the use of big data and real-time processing of connected-technology infrastructure
– Promote collaboration with a wide range of partners to achieve these initiatives
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Sep 17, 2022 | Business
The Phoenix/Mesa Gateway Airport is the heart of the growing southeast valley. Another 38 acres are purchased by the developer, Logistics Property Co., in the City of Mesa. SVN’s director of retail and sales investments, Rommie Mojahed, and Advisor Lindsey Dulle represented the seller in the sales transaction.
In a recent statement regarding the 67 acres just sold off Ellsworth & Pecos Rds., the City of Mesa’s Economic Development Director, Bill Jabjiniak stated, “Mesa’s Gateway area is booming with the arrival of new, advanced manufacturing companies in the aerospace, electric vehicles, semiconductors, medical devices and other important technology sectors.” Mojahed and Dulle represented the seller, Pecos 205, LLC. The land went to market back in December 2021 and opened escrow in February 2022. “Lindsey and I are happy for the sellers and grateful for the opportunity,” said Mojahed. This location backs up to the Mesa Gateway airport, which is also surrounded by an economically driven growth area. The immediate area includes top employers, such as Gulfstream, Amazon, MarWest Commercial, Facebook, Legacy Sports Complex, Arizona State University Polytechnic Campus and the upcoming Skybridge Arizona Development, which is projected to bring in over 17,000 direct and indirect jobs. Mojahed continued to state, “This trade area has experienced tremendous growth and we are happy to be a part of it.”
“This new development is a nice fit for the Pecos Advanced Manufacturing Zone just south of the Phoenix-Mesa Gateway Airport,” Mesa Economic Development Director Bill Jabjiniak said. “We are seeing tremendous activity in an area of the city that continues to attract manufacturers in industries, such as aerospace and aviation, electric vehicles, semiconductors and many other high-tech sectors.” The buyer, Logistics Property Co., was represented by Paul Sieckowski with Colliers.
SVN advisor Mojahed stated, “I grew up in the east valley, so I love working in this area. This is such a hot market. More and more developers and investors are seeing the considerable opportunity to invest and take advantage of capital gain and opportunity zone incentives.” Mojahed also represented the seller in the recent sale to Cobblestone which already has 36 locations in the State of Arizona. This new site will be coming soon nearby off Ellsworth & Pecos Rd.
For more information on the other development opportunities in the east valley, you can reach Rommie Mojahed at rommie.mojahed@svn.com.
Aug 11, 2022 | Business
BDA Partners is pleased to announce that its client, Franklin Templeton, has successfully completed the sale of its stake in In Do Trans Logistics Corporation (“ITL”) to Mitsubishi Logistics Corporation (“MLC”) of Japan.
BDA Partners acted as exclusive advisor to Franklin Templeton on the transaction.
Established in 2000 and headquartered in Ho Chi Minh City, ITL is the largest private integrated, end-to-end logistics company in Vietnam, with leading market positions across all of its business segments including aviation services, freight management, contract logistics, and port logistics.
MLC operates in warehousing and transportation services globally, including an existing joint venture with ITL in Vietnam.
Mark Webster, Partner, Head of Services, BDA Partners, said: “We’re delighted with this transaction, BDA’s second Asian transport & logistics deal in recent weeks. This shows our strong ability to deliver results for clients in the space, despite macro-economic uncertainty. We look forward to more success in Vietnam and across the region in the future.”
Huong Trinh, Partner, Head of Ho Chi Minh City, BDA Partners, said: “This transaction once again demonstrates investors’ confidence in Vietnam’s recovery and rapid growth post COVID. We’re happy to support Franklin Templeton to achieve its divestment goals, while helping MLC and ITL to take their partnership to the next level.”
BDA Deal team
Mark Webster, Partner, Head of Singapore
Huong Trinh, Partner, Ho Chi Minh City
Rica Wirianata, Managing Director, Singapore
Phuoc Pham, Director, Ho Chi Minh City
Minh Tran, Associate, Ho Chi Minh City
Dung Nguyen, Analyst, Ho Chi Minh City
Doug Nguyen, Analyst, Ho Chi Minh City
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organisation with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialisation on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately US$1.45tr in assets under management as of May 31, 2022. www.franklintempleton.com.sg
About In Do Trans Logistics
In Do Trans Logistics provides integrated logistics services to clients in Vietnam and internationally across four business segments: aviation services, freight management, contract logistics, and port logistics. Today, In Do Trans Logistics has many offices across Vietnam and three regional subsidiaries in Cambodia, Laos, and Myanmar. www.itlvn.com
About Mitsubishi Logistics
Founded in 1887, Mitsubishi Logistics engages in the business of warehousing and transportation services, both domestically in Japan and globally. Mitsubishi Logistics is headquartered in Tokyo, Japan and is listed on the Tokyo Stock Exchange (Prime Market). www.mitsubishi-logistics.co.jp/english
About BDA Partners
BDA Partners is the global investment banking advisor for Asia. We are a premium provider of Asia-related advice to sophisticated clients globally, with over 25 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services and Technology sectors. We work relentlessly to earn our clients’ trust by delivering insightful advice and outstanding outcomes. BDA Partners has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with US$150bn of assets.
US securities transactions are performed by BDA Partners’ affiliate, BDA Advisors Inc., a broker-dealer registered with the Securities and Exchange Commission (SEC). BDA Advisors Inc. is a member of the Financial Industry Regulatory Authority (FINRA) and SIPC. In the UK, BDA Partners is authorized and regulated by the Financial Conduct Authority (FCA). In Hong Kong, BDA Partners (HK) Ltd. is licensed and regulated by the Securities & Futures Commission (SFC) to conduct Type 1 and Type 4 regulated activities to professional investors. www.bdapartners.com
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