Canada’s Ocean Supercluster announces $2.2m project to optimize maritime supply chain operations and reduce emissions
(Ottawa, ON) Today, Canada’s Ocean Supercluster (OSC) announced the Optimizing Maritime Supply Chain Operations Project to establish real-time carbon emissions monitoring and mitigation tools, integrated with advanced data analytics and tracking systems to align with sustainability goals. The project will enhance maritime supply chain efficiency, sustainability, and security, aligning with environmental goals by monitoring and reducing emissions.
Led by OceanSync in Halifax, NS, a key innovation of the new OSC project is the development of a Modal Optimization Tool (MOT) to create a resilient cargo distribution network which considers the CO2e associated with various route/modal choice, as well as modelling that includes climate change-related weather challenges and cybersecurity measures. The incorporation of real-time marine weather data into the risk models and the use of machine learning for dynamic risk analysis represent technological advancements in safety and risk management. The project’s risk framework will improve safety, positioning Canada as a technology leader and attracting international collaboration.
Together with partners BlueNode by Everstream Analytics and Bespoke Global Logistics & Strategies, this project has a total value of almost $2.2 million where Canada’s Ocean Supercluster is contributing almost $875,000 and the balance of funding coming from project partners.
Global port traffic, exceeding $4 trillion and handling 90% of global trade, faces challenges in reliability, particularly in maritime shipping where on-time arrival rarely exceeds 60%. This discrepancy prompts many organizations, especially those reliant on timeliness, to opt for air freight despite its higher carbon intensity and costs. The root cause lies in effective decision-making rather than transport efficacy. To foster growth in maritime shipping, an effective decision tool is imperative, one that considers speed, reliability, costs, carbon intensity, and external factors like weather and labor relations. The Optimizing Maritime Supply Chain Operations project aims to revolutionize logistics by introducing a Modal Optimization Tool (MOT) to enhance supply chain agility and resilience.
Quotes
“Supply chains are a crucial part of any business and essential for the health of our global economy, yet they face ever-increasing risk from natural disasters, geopolitical factors, and other disruptions,” said Jon Bovit, VP of Public Sector and Trade at BlueNode by Everstream Analytics. “Together with Canada’s Ocean Supercluster, we’re taking supply chain and trade intelligence further to enable global organizations to understand how to get their raw materials and products to customers safely and quickly while optimizing for speed, security, and sustainability.”
About Canada’s Ocean Supercluster
Canada’s Ocean Supercluster accelerates the development and commercialization of made-in-Canada ocean solutions in energy transition, food security, future of transport, and climate change while also growing more companies, creating more jobs, and attracting ocean talent. As Canada’s national ocean cluster, the OSC is a convenor of members, partners, and networks and a catalyst for transformative growth that helps build the robust ecosystem needed to help realize Ambition 2035 – a 5X growth potential in ocean in Canada by 2035. To date, the OSC has approved almost 100 projects which will deliver more than 220 new made-in-Canada ocean products, processes, and services to sell to the world. For more information visit oceansupercluster.ca
About BlueNode by Everstream Analytics
The world’s best supply chains run on Everstream Analytics. Through the application of artificial intelligence and predictive analytics to its vast proprietary dataset, Everstream delivers the predictive insights and risk analytics businesses need for a smarter, more autonomous and sustainable supply chain. Everstream’s proven solution integrates with procurement, logistics and business continuity platforms generating the complete information, sharper analysis, and accurate predictions required to turn the supply chain into a business asset. To learn more, visit https://www.everstream.ai/.
Media Contacts:
Nancy Andrews
Canada’s Ocean Supercluster
nancy.andrews@oceansupercluster.ca