K+N launches predictive analytics product

Kuehne + Nagel has launched “gKNi”, a digital information product based on logistics data and predictive analytics.

“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.

CEO Detlef Trefzger said: “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. We consider digitalisation not as disruption, but as part of our on-going business evolution. Thus it enables us to continuously deliver innovative solutions that matter for our customers.”

The product is an initiative of the company’s venture platform using 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.