Double the efficiency! First application of quantum computing technology at the largest U.S. port

The Port of Los Angeles is the busiest port in the United States (number one in the country in terms of throughput), and October 2021, in particular, was the busiest month in the 114-year history of this port, with over 903,000 TEUs of cargo. At the same time, the Port of Los Angeles is typically an inefficient port.
 
In May 2021, the World Bank and market research firm Essenwamer evaluated the operational efficiency of 351 container ports around the world based on indicators such as ship dwell time in port, and the two busiest U.S. ports, the Port of Los Angeles and the Port of Long Beach ranked 328th and 333rd, respectively.

In an era of global supply chain challenges, it is now more important than ever that ports perform at maximum capacity with maximum efficiency. With the surge in procurement caused by the epidemic, ports around the world are struggling to keep pace with rapid operations. Technology that optimizes the capacity of port infrastructure is critical. That's why the Port of Los Angeles has adopted quantum computing technology for the first time.
 
On January 5, SavantX announced that their Quantum+AI-powered HONE optimization engine has been validated at the Pier 300 container terminal project at the Port of Los Angeles, one of the largest marine terminals in the U.S. HONE has doubled the efficiency of cargo handling equipment and produced more predictable cargo flows. hone and its deployment strategy optimize the efficiency of the terminal, freight companies, and their The HONE and its deployment strategy optimize scheduling, booking, and in-terminal container handling for the terminal, freight companies, and their customers.

HONE is being developed by Fenix Marine Services and SavantX and will initially be deployed from July 2020. powered by D-Wave's quantum computing technology, HONE enables unprecedented supply chain intelligence. In addition, driven by artificial intelligence and machine learning, the HONE engine redirects and optimizes operations, ultimately speeding up the supply chain.
 
Solving large-scale optimization problems has always been a top issue in the supply chain space and will remain so in the future," said Jen Houston, Chief Marketing Officer at D-Wave. We are excited to see more and more forward-thinking organizations beginning to harness the power of quantum computing to efficiently identify and solve complex supply chain and logistics problems. We are proud to be the quantum provider behind SavantX's work as they leverage quantum computing to optimize operations, improve efficiency and enhance risk management."
 
SavantX is one of the first organizations in the world to use quantum computing to solve problems in business applications, aiming to significantly reduce costs and improve efficiency. The company follows a lineage that includes open-source intelligence gathering tools for the US government and patented advanced analytics technologies that have driven the launch of Savantex products. SavantX was originally founded in 2015 and has now grown into a quantum analytics company.

Paper Link: https://www.prnewswire.com/news-releases/quantum-computing-application-sees-real-world-success-at-pier-300-at-the-port-of-los-angeles-301455106.html