Maersk and IBM announced the decision to withdraw the TradeLens offerings and discontinue the platform. The partners made the decision as “TradeLens has not reached the level of commercial viability necessary to continue work.”
Commenting on the end of Tradelens, Rotem Hershko, Head of Business Platforms at Maersk, noted that “TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved.”
As from November 29, the TradeLens team is taking action to withdraw the offerings and discontinue the platform, and the intent is that the platform will go offline by end of quarter one, 2023. During this process all parties involved will ensure that customers are attended to without disruptions to their businesses.
Maersk will continue its efforts to digitise the supply chain and increase industry innovation through other solutions to reduce trade friction and promote more global trade.
We will leverage the work of TradeLens as a steppingstone to further push our digitisation agenda and look forward to harnessing the energy and ability of our technology talent in new ways
added Rotem Hershko.
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