IBM & Maersk Team Up to Streamline the Global Shipping Ecosystem
The $4 trillion global shipping industry is riddled with inefficiencies and is ready for digital disruption. IBM just announced it will team up with Maersk, the world's largest container shipping firm, to introduce blockchain to an antiquated industry. Ramesh Gopinath, VP of Blockchain Solutions at IBM was with us to break down how the company is digitizing global trade.
Gopinath explains the inefficiencies that IBM's blockchain solutions will improve. He says 90% of the goods used everyday are carried by the ocean shipping industry. Gopinath emphasizes that there are too many players and too many handoffs involved in the supply chain process. The other major inefficiency has to do with paperwork related to customs, he says.
IBM is looking at blockchain for secure information sharing. Gopinath stresses that the solution has nothing to do with cryptocurrencies. Although IBM is currently focused on shipping, he says every industry will use the technology because the "sweet spot" for blockchain is trusted interactions between companies.
Jamie Meyers, Senior Securities Analyst from Laffer Tengler Investments, discusses why he believes the rally will widen to small cap stocks and how the latest economic data is impacting his strategy.
From Nvidia to Microsoft, Gil Luria, D.A. Davidson senior research analyst, breaks down the Magnificent Seven, plus whether the Vision Pro can move the needle for Apple.
Suzy Batiz, founder and CEO of ~Pourri, discusses creating Poo-Pourri, building out multiple businesses, and why she believes any problem can be overcome.
Fresh off his unanimous appointment as interim CEO, Dax Dasilva shares his strategy for Lightspeed and why growth and profitability are his biggest focus.
Eddie Ghabour, co-founder and owner of KEY Advisors Wealth Management, explains why he’s investing in India, what could happen if inflation rises again, and the long-term ‘debt bubble’ looming.
The company behind Squishmallows says Build-A-Bear's new Skoosherz toys are a copy of their own plushies. Build-A-Bear filed their own suit basically responding, "No they're not!"
While tech employees worry about artificial intelligence taking over their jobs, Microsoft says Iran, North Korea, and more U.S. adversaries are beginning to use AI in cyber spying.
