Bunge, a leader in agriculture, food and ingredients, became the first in its industry to join the Ship Recycling Transparency Initiative (SRTI), a coalition aimed at increasing transparency to create a new norm for responsible ship recycling. The SRTI uses an online platform to gather information from shipowners on key disclosures related to social and environmental measures, allowing cargo owners and financial stakeholders to make decisions based on companies' ship recycling reporting and approaches.
"Bunge is focused on building 21st century value chains that are transparent, verified sustainable and create positive impact on the ground," said Marcio Valentim Moura, Director of Global Logistics for Bunge, and who represents Bunge in the SRTI and its parent organization, the Sustainable Shipping Initiative. "As a cargo owner, and as the first agribusiness company to join the SRTI, Bunge can provide valuable insight to shipping companies about our logistics and sustainability needs and expectations."
Recognizing the important role Bunge plays in encouraging a broader transition to a more sustainable ship recycling industry, the company intends to work with partners and stakeholders across sectors in the value chain to advance leading standards and develop practical approaches to realize them at scale.
Engagement in the SRTI offers Bunge an opportunity to interact with major players in the global shipping industry to understand their ship recycling practices and better inform the company's own decision-making.
"As the first agribusiness company to sign up to the SRTI, Bunge demonstrates its leadership and commitment to driving responsible ship recycling, which – in the absence of global regulation – is vital for the transformation to sustainable and responsible ship recycling practices," says Andrew Stephens, Executive Director of the Sustainable Shipping Initiative who host the SRTI. "The pressure on holding the industry to account for both its practices and performance, as well as its environmental and social impacts, is being driven by like-minded demand side stakeholders such as Bunge."
"The momentum is building: Stakeholders across and beyond the maritime industry – including key cargo owners such as Bunge – are critical to making shipping more sustainable."
The goals of the SRTI include:
By pursuing these goals, the SRTI and its members will help to tackle challenges in parts of the ship recycling industry, including pollution in the environment and occupational health and safety risks for workers. The SRTI is also focused on addressing access to appropriate health care, wages, working hours, collective bargaining and freedom of association for employees in the industry.
About Bunge Limited
Bunge (www.bunge.com) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge's expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve in over 60 countries. The company is headquartered in New York and has 31,000 employees worldwide who stand behind more than 360 port terminals, oilseed processing plants, grain silos, and food and ingredient production and packaging facilities around the world.
About the Ship Recycling Transparency Initiative
The SRTI is an independent initiative hosted by the Sustainable Shipping Initiative. It reflects a collective effort that brings together the shipping industry, investors, cargo owners and broader stakeholders to improve ship recycling policy, practice and performance. The SRTI adopts a voluntary market-driven approach to sustainable ship recycling practices. As an online platform, it promotes exchange of information on ship recycling practices and guidelines, and helps ensure greater transparency in the maritime sector. The Initiative takes the interests of all its members into account in its efforts to find joint solutions and establish a new standard for responsible ship recycling.
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The rapidly evolving world of depth sensing technology, combined with recent innovations in AI, is bringing significant market disruption to a wide range of verticals.
Depth sensing technologies are often associated with mobile phones, at least in terms of public visibility. However, the story of depth sensing runs far deeper than that and is arguably one of the biggest market-shaping factors of the near future. How big? A recent analyst report predicted that the worldwide depth sensing market will grow from $3.87bn in 2017 to $7.43bn by 2023, hitting a compound annual growth rate (CAGR) of 11.64% during the period. There are a wide range of contributing factors to this growth rate, but the overarching trend is the relationship between depth-sensing and AI.
Robots Reap the Benefits Depth sensing technologies have been around for a while, in a slew of applications including robotics, automated vehicles and industrial applications.
In the search to achieve reliable autonomous operation the value of accurate plotting and mapping is extremely high, and once paired with Edge AI systems to enable the data to be processed, modelled and made actionable, the potential is strong.
However, until relatively recently, depthsensing technology relied on emission or laser-based hardware components, which are physically cumbersome and relatively costly. Moreover, these systems have various operational limitations, in controlled environments, for example. This changed with the wide availability of powerful, integrated solutions such as the upcoming VIA Edge AI 3D Developer Kit, which embeds Lucid’s proprietary 3D Fusion Technology to enable the capture of accurate depth and 3D with dual- or multi-camera setups – thus reducing the costs, power, and space consumption required. Multi-camera systems will enable smarter computer vision systems for next-gen robots.
The fact that relatively low-unit cost camera arrays can now be used for depth sensing has led to an explosion of interest in developing new applications. Lower power and lighter weight sensors mean that drone and robotics uses are opened up, while smaller form factors mean easier and wider integration into autonomous vehicles of all types. In the future, time-of-flight camera sensors should widen the options for developers even further, dropping the power requirements of 3D plotting and mapping considerably.
Logistics Deepening AI Support These market factors are also encouraging adoption of depth sensing technology in areas such as warehousing and fulfilment, where cost per unit is a significant factor.
This market segment in particular has seen a significant uptick in developer interest in Edge AI solutions with depth sensing, as these technologies potentially enable far more efficient stock management, physical space management and lower network demands. The capability to navigate, save and reconstruct spaces in 3D, and thus make near-real time ‘decisions’, is creating a quiet undercurrent of innovation in the fulfilment industry.
Large logistics firms such as Meituan and Cananio are leading the charge in developing automated edge AI solutions in this area, designed to raise supply chain efficiency, facilitate next-day delivery (and omnichannel fulfilment), as well as managing costs.
Security at the Edge Of course, there are significant security applications for improved 3D plotting and depth sensing. Existing dual-cameras – paired with systems such as the VIA Smart Retail Engagement System – are capable of sophisticated facial recognition performance. But crucially, improving depth sensing helps to combat potential facial recognition spoofing (e.g. trying to fool a camera system using a high-resolution face photo or similar digital likeness), thereby boosting real-world security and utility. Advanced depth-sensing technology delivers a multitude of benefits for autonomous cars.
This additional security means that facial recognition – already in use for VIP recognition in high-profile locations – can be potentially used as a payment biometric. Just one example is fast-food retailer Yum China’s concept store in Hangzhou, where a ‘Smile to Pay’ system allows registered customers to pay for their food with a smile, not only providing a fast, convenient, handsfree payment experience, but one that is likely to improve customer satisfaction to boot. ‘Market disruptor’ is a much-overused term. But in the case of the depth sensing technologies of today, it is no exaggeration.
By lowering the barriers to developers of all levels and sizes, complete development solutions like the VIA Edge AI 3D Developer Kit are creating a quiet revolution. Combined with the flexibility and power of Edge AI, a new generation of 3D-capable devices and autonomous sensors are beginning to arrive, and they are set to dramatically transform a huge range of sectors. They will drive efficiency, improve response times and reduce waste – a set of credentials that have never been more important to modern businesses.