The FMC's #MTDI Initiative x Opps for #supplychain Tech

The Federal Maritime Commission 's Maritime Transportation Data Initiative (#MTDI) aims to improve the efficiency and competitiveness of the U.S. maritime industry by leveraging the power of #data while also setting in place the framework and alignment protocols to allow independent players to retain their interests. This simultaneously while contributes to the greater good of the flow of cargo within the USA, and then the world abroad and enables more supply chain players to get the valuable data they need, more accurately, and at the right time.

The Big MTDI Opp ?

All organizations, new and old, should be keeping a close eye on this initiative and can seek ways to contribute and capitalize.

It can help inform go-to-market saas strategy and can uncover new product and marketing opportunities. I'm a staunch believer in collaboration being key and real relationships, and against general stereotypes and politics when it comes to business and maximizing impact on the supply chain while also fueling growth on the startup side.

For the full details, direct from the govt, I encourage you to shed some of those biases, follow, and stay tuned to this initiative (on top of all the other ones the Commissioners and their team are also working on): https://www.fmc.gov/fmc-maritime-transportation-data-initiative/ ????♀?

Some of the desired outcomes of the MTDI:

1. Improved supply chain visibility: The MTDI aims to create a more transparent and efficient supply chain by providing stakeholders with access to real-time data and insights. This can help companies optimize their operations and reduce costs.
2. Enhanced decision-making: The MTDI can help companies make better decisions about their supply chain and logistics operations by leveraging data analytics and machine learning algorithms. This can improve efficiency, lower costs like acquisition and integration, and drive new business/customer satisfaction.
3. Increased collaboration: The MTDI provides a platform for different stakeholders in the maritime industry to collaborate and share data. This can lead to greater innovation, improved operational efficiency, and better outcomes for all involved.

For modern, SaaS technology companies in supply chain and logistics, the MTDI presents several opportunities, including ??:

1. Access to valuable data: The MTDI provides access to a wealth of data about the maritime industry, including shipping schedules, cargo volumes, and port congestion. Technology companies can use this data to develop new solutions and services that can help optimize supply chain operations.
2. Collaboration with industry stakeholders: By participating in the MTDI, technology companies can collaborate with other stakeholders in the maritime industry, including shippers, carriers, and ports. This can lead to new business opportunities and partnerships.
3. Improved decision-making: By leveraging the data and insights provided by the MTDI, technology companies can make more informed decisions about their operations. This can help them improve efficiency, reduce costs, and deliver better customer experiences and outcomes.

Connections are Key (+ HOW they're made are also major keys ??)

Overall, the MTDI presents a significant opportunity for modern, SaaS technology companies in the #supplychain and #logistics space to leverage data and collaborate with industry stakeholders to drive innovation, get rid of a lot of business headaches, and ultimately improve supply chain and commercial efficiency in the maritime and intermodal industries.

Everyone is connected and wants to be connected. The execution of how these relationships, different players, and product data flow between parties is what separates the good from the great.

Questions? Comments? Things that I inevitably missed? All engagement, critical feedback, and varying viewpoints are welcome. This will inevitably apply to all of us, anyways. Thanks for reading + kindly like/share.

?? Miles