Vinturas provides automotive end-to-end supply chain visibility
Vinturas, a consortium of leading automotive logistics service providers in Europe, announced that it will operate a digital, blockchain-based platform to provide end-to-end visibility in the supply chain of finished vehicles.
Today’s automotive logistics infrastructure is characterized by scattered information flows and multiple legacy systems, making it impossible to trace vehicles on their way to the dealer. Fraud is a growing concern in cross-border processes in Europe, especially in relation to mileage. Vinturas will digitalize all aspects of the supply chain, from factory to dealer, and will also cover the logistics process for used vehicles in Europe, all designed to lead to more transparency, greater efficiency, an improved customer journey, and lower costs.
Creating visibility in the supply chain can help dealers inform their customers about the location and estimated time of arrival of new vehicles and thus considerably improve the customer journey for their customers. The Vinturas platform will allow OEMs and fleet owners to manage their European flows on a near-real time basis, improving planning, optimizing inventories and networks, and saving costs. Vinturas will contribute to a more efficient, sustainable supply chain infrastructure in Europe.
Behind the initiative are four founding members, all respected logistics service providers for the Industry. Axess Logistics, National Vehicle Distribution (NVD), Koopman Logistics Group, and Autolink Group will ensure that the services of Vinturas can be delivered in a large number of European countries from the launch of the platform in September 2019.
EML, a large sea-carrier in Europe, will also contribute to the platform to provide visibility for the sea-bound part of the automotive supply chain.
Vinturas is supported by strong partnerships. IBM as technology partner will provide the expertise to build the Vinturas platform. Grant Thornton, with its auditing, legal, advisory, and blockchain expertise, will be a partner of Vinturas.
Jon Kuiper, CEO of Vinturas and former CEO of Koopman Logistics Group, said, “Vinturas aims to be the leading platform in finished vehicle logistics. We strongly believe in the power of collaboration. The launch of Vinturas with four well-known logistics service providers and our choice of IBM as technology partner shows our long-term commitment to delivering sustainable value.”
Vinturas is an open eco-system that is accessible to all players in the field of finished vehicle logistics. Software companies, logistic service providers, and other application providers are also invited to work with Vinturas. The key benefit of working together is the ability to share data in a secure distributed blockchain infrastructure. IBM provides Vinturas proven blockchain technology, ensuring secured data-sharing, immutable records, and creation of a full digital record of a vehicle’s lifecycle in the supply chain.
Vinturas is expected to be live in September 2019. First demonstrations of the platform are planned for this July.