RCS - Windward Ltd. - New Supply Chain Customer

WindwardAnnouncement

23/05/2024 07:00

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RNS Number : 5471P  Windward Ltd.  23 May 2024

23 May 2024 - RNS Reach

Windward Ltd.

("Windward", "the Company")

New Supply Chain Customer

Ligentia integrates Windward's Maritime AI solution to improve operations and
enhance ocean freight visibility

Windward (LSE: WNWD), a leading Maritime AI™ company, is pleased to announce
that it has signed a three-year subscription contract with Ligentia, a leading
global supply chain management company for Windward's Ocean Freight Visibility
solution. The adoption of Windward's Maritime AI™ by this major freight
forwarder reflects the increasing need for enhanced visibility and insights
across the supply chain segment.

Tailored to the needs of freight forwarders, Ocean Freight Visibility will be
integrated within the Ligentix supply chain portal, providing a real-time
understanding of vessel schedules and arrivals, deviations and risks,
empowering Ligentia's teams and their customers to manage by exception. The
agreement means that Ligentia's customers will have more accurate information
to make business critical supply chain decisions and adapt to critical
events.

Recent disruption highlights the need for reliable data

The latest spate of ocean freight disruptions, largely stemming from the
decision to cease merchant shipping in the Red Sea following merchant ship
attacks by Houthi rebels, have once again highlighted the need for reliable
data. Between October and March, carrier transit times ballooned from an
average of 34 days to 46 days, and over the same period on-time reliability
has plummeted from 44% down to a mere 10%.

The integration of Windward's AI-powered solution into the Ligentix Supply
Chain Platform will provide Ligentia and its customers with a clear
understanding of notable milestones and delays, including late departures and
late or missed transshipments empowering them to manage by exception and react
to extraordinary events. Ligentia will also be able to access Windward's data
and insights to more accurately analyse carrier performance and optimise their
planning accordingly.

Chief Technology Officer at Ligentia, Anthony Plummer said:

"At Ligentia, one of our primary areas of focus is delivering innovative
solutions that will enable our customers to be more successful, and the
Windward agreement is the latest example of this.  Data is indicating that
only one in ten container ships is arriving on time right now and as we
approach peak season, predicting the arrival of shipments is a major
challenge. Integrating Windward Maritime AI™ into Ligentix will provide
Ligentia teams and our customers access to reliable, real-time data, but also
tools that will enable enhanced decision-making leveraging predictive insights
to better mitigate supply chain risk and achieve improved business
performance."

Ami Daniel, CEO and Co-Founder of Windward said:

"In a period of unprecedented delays and uncertainty, we are proud to provide
Ligentia and their customers with our Maritime AI Insights. This integration
is a reflection of Windward's commitment to excellence and enabling customer
like Ligentia to drive innovation. AI adoption is the necessary next step to
provide stakeholders with reliable data and insights so they can streamline
operations and achieve greater business success more efficiently."

 

For more information, please contact:

 Windward                                             Via Alma
 Irit Singer, CMO

 Canaccord Genuity (Nominated Adviser & Broker)       +44(0)20 7523 8000
 Simon Bridges / Andrew Potts

 Alma Strategic Communications                        +44(0)20 3405 0205
 Caroline Forde / Kieran Breheny / Will Merison

 

About Windward

Windward (https://windward.ai/)  (LSE:WNWD), is a leading Maritime AI™
company, providing an all-in-one platform to accelerate global trade.
Windward's AI-powered decision support and exception management platform
offers a 360° view of the maritime ecosystem and enables stakeholders to make
real time, predictive intelligence-driven decisions to achieve business and
operational readiness.

Windward's Maritime AI supports companies across industries. The company's
clients range from oil supermajors, freight forwarders, and port authorities,
to banks, shippers, insurers, and governmental organizations.

For more information visit: https://windward.ai/ (https://windward.ai/) .

About Ligentia

Ligentia is a leading global supply chain solutions provider with 28 years'
experience delivering more sustainable and agile supply chains. Our customers
include some of the world's most sophisticated retailers and best-known brands
in manufacturing, healthcare and consumer goods. With teams located across
Asia, Oceania, North America and Europe, our people are supply chain experts
and problem solvers, providing world-class sector and regional expertise
backed by smart technology to help make supply chains more resilient.

For more information, visit https://ligentia.com (https://ligentia.com)

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