In an effort to reshape the global supply chain, MingZhu Logistics Holdings Limited and Carbonomi Trust have announced a partnership that will see the development of a high-performance satellite-based intelligent logistics network.
According to MingZhu, there is a critical need for reliable coverage across the supply chain to integrate AI and monitor IoT devices. The firms said that companies that “fail to establish real-time connections and collaboration with their employees and customers are at a competitive disadvantage during this period of historical change.”
Jinlong Yang, chairman and chief executive officer of MingZhu, explained, “As bulk commodity logistics undergoes a digital transformation and a global digital unified market emerges, the logistics sector must prioritize fortifying and thoroughly modernizing its traditional framework. This evolution offers a significant, enduring opportunity for MingZhu and Carbonomi, as there are unaddressed requirements in numerous sectors including construction, transportation, agriculture, retail and hospitality, among others.
“Crucially, this collaboration seamlessly aligns with our core business and capitalizes on our established reputation in the logistics field for delivering comprehensive, end-to-end support to customers. Simultaneously, it opens up substantial avenues for generating shareholder value.”
Under the scope of the partnership between MingZhu and Carbonomi, the companies plan initially to address:
- Satellite-based logistics communication and settlement capability: Adopt the ubiquitous communication link of virtual satellites, as well as the settlement network of commodity trading and supply chain and related digital banks; build an intelligent logistics system integrating air and land; and bring the logistics industry into the era of air-ground integration and ubiquitous intelligent Internet of Things.
- Physical internet-based logistics technology capability: The objective is to establish a physical internet framework, commencing with the macro concept and descending to the micro level. This entails leveraging ‘digitalization + intelligence’ through logistics technology to empower a systematic, scientific model tailored around the distinctive characteristics of logistics enterprises, including multi-projects, multi-scenarios, long chains and cross-layers. By segmenting closed-loop scenarios, the companies aim to address the prevalent challenges within the industry and cultivate a robust physical internet ecosystem within the logistics sector.
- Green logistics-related financialization product development: The digitalization of logistics will lead to the creation of digital assets, representing a novel production factor. These assets can be incorporated into a digital assets table and traded within the digital assets market. This transformation underscores the evolving nature of logistics, where intangible assets hold tangible value and contribute significantly to the economy.