The worldwide digital transformation is positively impacting the Philippine freight forwarding industry by enabling them to streamline their operations and improve deliver.
Increasingly, global companies are implementing new software solutions, Artificial Intelligence (AI), and Internet of Things (IoT) technologies to streamline their operations, cut costs, increase efficiency and boost visibility into freight forwarding. The Philippines freight forwarding industry is also undergoing a digital transformation. Although it is still an emerging market with some structural limitations, there are many ways that technology can improve this industry in the Philippines:
Web-based access for simplified collaboration
With web-based freight software your team can access data from any browser, anywhere. It makes data exchange and coordination are simpler. Users can collaborate on freight movement since data is in a single and central location. Additionally, web-based solutions are faster to get started, more secure and easily accessible than standalone desktop software.
Multiple service offerings
Many forwarders are now offering end-to-end services instead of just the standard part of the supply chain that these companies have traditionally handled. This means it allows you to take care of all aspects of your logistics management from the moment you place your order until the delivery of goods. As forwarders, you can provide value-added services such as customs brokerage, inland transport management, and electronic data interchange (EDI) systems.
You can offer and manage all these services with a central platform like freight management software. Such multi-service offering can result in major cost savings for companies. Shippers in the Philippines will eventually look for a company that can offer a one-stop shop for all their logistics needs. You can be a step ahead in the competition if you can ensure that your company is ready even before the demand arrives.
Automated tracking and tracing
One of the most important impacts of technology on the freight forwarding industry is the ability to track shipments in real-time and provides near-real-time updates to importers and exporters. Traditionally, the process was manual and involved paperwork, which meant that it could sometimes be quite delayed. This resulted in uncertainty and lack of visibility, which can be detrimental to a business’ supply chain. Now, though, with the use of electronic data interchange (EDI) systems, standardized codes, and Internet-of-Things (IoT) technologies, you can complete the shipping process electronically.
It means you can send and receive data instantly and automatically, which increases turnaround time. In addition, freight forwarding companies can also use tracing systems to find out details about delayed shipments when they or a situation arises where there is uncertainty. With this technology, you can track the progress of your shipment in the system to locate its latest location. This can help you to identify where there might be delays and take action, if necessary, to minimize any negative impacts.
Conclusion
Technology is changing the Philippine freight forwarding industry, thanks to adoption of new freight software solutions like Logi-Sys. The transformation is helping to improve visibility, boosting efficiency, and enabling companies to provide better customer service and enhance their brand reputation. In this evolving phase of the Philippines freight industry, forwarders that adopt technology early can ride the wave of advancement.
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