Samsung SDS announced today that it has invested in Vizion, a US logistics startup with shipping visibility technology, through the Samsung Venture Investment Fund (SVIC).
"Logistics visibility", which allows you to visually check the entire logistics process, such as accurate cargo departure and arrival times and location information, is a key element of global logistics competitiveness that enables customers to produce and sell products in a timely manner, as well as respond to risks quickly.
Vizion uses AI technology to automatically collect and analyze key data such as cargo location information from shipping companies and port terminals around the world to provide high-accuracy cargo transportation information in real time.
Samsung SDS plans to link cargo location information provided by Vizion with Cello Square, its digital logistics platform, to provide various cargo transportation tracking, information such as ship schedules, and cargo arrival time prediction services.
Accordingly, shippers using Samsung SDS' digital logistics service will be provided with more accurate and prompt global shipping information, such as cargo departure/arrival times, real-time location tracking, and transportation monitoring at loading/transhipment/arrival ports, etc.
“Samsung SDS expects to further strengthen its competitiveness in digital logistics services through this investment,” said Oh Gu-il, vice president of Samsung SDS. "We will continue to establish ourselves as a global major logistics service company through continuous investment and securing technology."
