Kuehne + Nagel launches predictive analysis product to provide economic indicators

Kuehne + Nagel launches predictive analysis product to provide economic indicators

Posted By : STAT Times 31-08-2016 00:00:00


Aug 31, 2016: Kuehne + Nagel introduced the next innovative product “gKNi”, which is based on logistics data and predictive analytics.

Building on its digital readiness, product development capabilities and logistics market intelligence, Kuehne + Nagel created the “gKNi trade nowcasting”.

“gKNi” stands for “global Kuehne + Nagel indicators” and provides estimates for key economic figures, such as trade balance and industrial production, based on Kuehne + Nagel’s insights into markets and data of global trade flows. This innovative product is an initiative of the company’s venture platform utilising in-house developed technology to combine big data with data-mining, automisation and predictive analytics.

The “gKNi” delivers early insights into the very recent past, the present and the very near future of economic development up to 55 days earlier than other estimates on trade related indicators. It is available via subscription and targets Kuehne + Nagel’s logistics customers, corporations, governments, banks as well as investors facilitating their decision making.

Kuehne + Nagel already launched KN FreightNet, a digital product providing instant quotation, online booking as well as track & trace for air and sea shipments.

In the scope of its venture platform Kuehne + Nagel engages with startups and explores and generates itself new business opportunities broadening its digital offering and customer base.

Detlef Trefzger, CEO, Kuehne + Nagel Group, “Using our core competence and scaling-up our digital mind set, especially in the area of data management and analytics, we develop pioneering products that bring additional value to our customers.”

Photo: Detlef Trefzger, Kuehne + Nagel Group

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