Windward announced a new AI capability integrated into its recently launched Ocean Freight Visibility (OFV) solution. Using deep learning technology, the solution fuses data from a multitude of independent sources to deliver accurate and reliable ETA predictions and real-time visibility into container and vessel journeys, providing Windward customers with the ability to plan according to ongoing changes and disruptions to the supply chain. While ocean freight reliability has slightly improved this year, it is still below 40%, and the average delays continue to be at an all-time high, significantly impacting the entire supply chain and causing losses of up to an estimated $10 billion from delayed ships during the pandemic.

Moreover, worsening port congestion and events like Covid-19 lockdowns in Asia are having drastic impacts, furthering delays across the globe. The supply chain ecosystem including logistic service providers, hundreds of thousands of freight forwarders, cargo owners, shippers, container ports, terminals, liners, and other market participants need to be prepared to manage more than 816 million TEUs (Twenty-foot equivalent units) of containers shipped yearly amidst this uncertainty. With an ecosystem of over 250,000 Beneficial Cargo Owners and Freight Forwarders globally, Windward's Ocean Freight Visibility solution, launched in February 2022, has significantly expanded the Company's addressable market opportunity.

Now, Windward's first-of-its-kind AI model allows users to predict the actual time of arrival of their containers with 62% more accuracy than standard carrier predictions - bringing them much needed clarity and confidence to better manage their shipments. The Company's advanced behavioural models fuse multiple data sources including data from more than 120 carriers, over 1,400 ports and terminals, 5,500 container vessels, sailing schedules, meteorological data, location, and AIS data enabling greater resiliency in the face of supply chain uncertainties for 99% of the world's maritime shipments. Windward's models, developed by maritime and AI specialists, ensure the most accurate estimation, throughout the entire voyage, of containers' expected arrival time at their port of discharge (POD).