Vinturas, a consortium of automotive logistics service providers in Europe, has announced its operation of a digital, blockchain based platform that will offer end-to-end visibility in the supply chain of finished vehicles.
The automotive logistics infrastructure today, can be characterised by dispersed information flow and multi legacy systems. This makes it difficult to trace finished vehicles on the way to a dealership. Vinturas aims to digitalise all aspects of the supply chain, from factory to dealer. The consortium wil also cover the logistics process for used vehicles in Europe. The platform will lead to greater transparency, efficiency and enhanced customer journey as well as lower costs.
By creating visibility in the supply chain, dealers will be able to inform customers about the location and estimated time of arrival of new vehicles. This will improve the customer journey towards procurement of the vehicle from the dealership. Behind this initiative are four founding members – Axess Logistics, NVD, Koopman Logistics Group and Autolink Group. The consortium will ensure service delivery in a large number of European countries when the platform is launched in September 2019. EML, a large sea-carrier in Europe will also contribute to the platform and provide visibility for sea borne vehicles in the automotive supply chain.
The consortium has partnered with IBM as the technology partner that will offer expertise to build the Vinturas platform. Grant Thornton has also partnered with Vinturas for auditing, legal, advisory and blockchain expertise. First demonstrations of the platform are planned for July this year.