P&SC LIVE: Standards Cut Transformation Time
A P&SC LIVE panel published March 13 argued that adopting open, global standards across procurement and freight documentation is the fastest route to agile, resilient resort supply chains. Panelists stressed real‑time, end‑to‑end visibility and strong change management as must‑haves for multi‑property operators.
P&SC LIVE ran a session titled "Simplifying Supply Chain Transformation Using Standards" that featured Shana Gallagher and Thomas Harrison of the British Standards Institution. supplychaindigital.com The Digital Container Shipping Association published a standards-based electronic Bill of Lading (eBL) framework designed for straight‑through processing of B/L data. dcsa.org The same initiative demonstrated platform‑to‑platform eBL transfers using a standardised PINT API to avoid system lock‑in. shippingandfreightresource.com Nine major ocean carriers that are DCSA members committed to convert 50% of bills to eBL within five years and to 100% adoption by 2030. dcsa.org Ocean carriers issue roughly 45 million bills of lading a year, and DCSA data showed electronic uptake was single‑digit in 2021. offshore-energy.biz Industry analyses estimate digitising the bill of lading could unlock between about $15.5 billion in direct benefits and up to $40 billion in increased trade (McKinsey cited across sector reports). baft.org ISO published ISO 5909:2026 to formalise eBL business processes, while the FIT Alliance (BIMCO, DCSA, FIATA, ICC, SWIFT) is driving cross‑sector adoption—both moves cited by panel speakers as the operational levers behind faster, interoperable documentation. iso.org
