Best Practices to Follow For Having The Competitive Edge In Logistics
Depending on the size of your company, poor logistics management processes can cost your company up to hundreds of thousands of dollars each year. Profit-chasing logistics companies tend to be more focused on saving costs. Such companies may head to the top rapidly but are destined for a crash at the same rate. Logistics companies are constantly involved in decision-making due to the volatile nature of business. Add to that the pressure from the competition to try newer ways to stay relevant. The answer to - What makes a company truly compet…
4 Questions You Should Ask Yourself to Know Where You Stand in your Freight Forwarding Business Competition
There is little doubt that the businesses that adapt themselves to the ever-changing demands of the industry stay relevant in the race. Even technology needs to be in line with the current trends to be able to contribute significantly to growth. Many freight forwarding companies are still relying on traditional and desktop-based software that has historically gotten the job done but are obsolete according to the modern age. Organizations must introspect their current ways of working against the likes of cloud-based applications to realize th…
Technology Secrets to Blaze past your Logistics and Freight Forwarding Competition
Your processes are optimized to the core. Your teams are running beyond efficiency and yet you fail to understand what is keeping you behind your competition. As a logistics provider with a globally dispersed team and network of partners and customers, you’re likely used to relying on a bunch of different software solutions across different locations. The Covid-19 pandemic just proved that all providers that have been running legacy systems have reached a point of no further progress. Work from home meant that isolated systems running yo…
Four Ways By Which A Modern Freight Forwarder Can Accomplish Significant Success
The pandemic has dragged onto another year but the lessons learned have made businesses more aware of the possible challenges. 2020 has been a wake-up for Freight Forwarders stuck with desktop-based Freight Software applications. Choosing the apt Freight Management Software marks the first step of setting sail towards success in 2021. The other step being: preparing for the race to use your strengths to get ahead of the competition. Understanding the market demands and customer behavior will be some of the factors to prepare for the race. Set…
Uplift Your Freight Forwarding Business in 2021 By Streamlining Your Finances
Not all businesses have an unlimited supply of capital to be pumped in all the time. Freight businesses do have their crunch times, leading to some tight measures in extreme cases. While bleeding revenue may have various reasons, identifying and fixing potential leaks must always be a proactive requirement. Efficient management of finances helps avoid the pitfalls of unwanted losses. Quotations that drive in revenue In the Freight Forwarding market, a Request for Quotation (RFQ) is the first step towards building a relationship with yo…
COVID Vaccination Drive To Demand More From The Logistics Industry In 2021
As countries begin their COVID-19 inoculation drives, the safe supply of vaccines calls for greater focus on the logistics companies. The logistics industry during the pandemic served as a backbone for essential product delivery. In 2021 and beyond, it is expected to continue being the support system. Even countries like the UK that started their vaccination drive in 2020 will probably take up the entire 2021 for all citizens' inoculation. This sets the stage for the logistics industry once again to be at the forefront of demand. …
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