MAST, established through Mitsui O.S.K. Lines' new business proposal system, announced on November 7th that it has launched "Umbrair," the industry's first neutral and fair common trading platform for air spot cargo trading.
Umbrair is a service that streamlines the complex and highly specialized order placement and fulfillment processes between shippers and freight forwarders, completing the entire process online from initial contact to contract completion, thereby advancing the sophistication of air cargo trading operations within the industry.
<The value that Umbrair provides>
In the air cargo market, the increasing uncertainty in the international situation and the progress of supply chain restructuring have created a greater need than ever for agility to respond immediately to sudden demand and secure the optimal means of transport at a fair price. While spot transactions are essential for supporting the flexibility of logistics, the practical aspects of spot cargo transactions still rely on telephone and email, leaving challenges in terms of speed, transparency, and efficiency.
Umbrair centralizes communication between shippers and freight forwarders online, providing an environment where both parties can conduct transactions smoothly based on the same information. By correctly combining the intentions and decisions of each party, it reduces hassle and enables faster and more reliable transactions.
Designed to be usable as a common platform by all businesses involved in the industry, without being bound by existing frameworks, it can be used seamlessly without changing existing business relationships or workflows.
By structuring the entire process from clarifying conditions to making proposals and making decisions into a single framework, we can increase the accuracy and speed of transactions, leverage human judgment and trust, and advance DX in a way that naturally integrates into on-site operations.
