How To Effectively Leverage Freight Data
Making sense of your data is both beneficial and necessary. It's because data gives you clues. Clues from the past transactions. Clues on what's currently happening in your company. And even on how to go about when your plans won't work as expected. If your company has not yet been able to make data work for you, don't fret. A recent survey shows that only less than 20% of companies have fully utilized data analytics at scale. Freight forwarding is naturally a data-rich industry. For starters, every customer's shipment …
Top 10 Strategies to reduce freight cost
Implementing cost-cutting measures could be taken up by companies for many reasons. Usually considered the ultimate step during dwindling revenues, cost-cutting can also be implemented to increase profit margins. In the freight forwarding industry, the number of costs is aplenty. But not all costs are controllable. Having multiple costs allows you to reassess the underlying factors influencing them. Once you have identified the underlying factors, the next step is to streamline and incorporate them into your processes. It might be a lengt…
What you lost in 2021 by not using a freight software
The year 2021 turned out to be kind of deceptive for freight forwarders. The year has had its share of surprises for the ill-planned. Matching container demand too was (and still is) challenging. The second wave of the pandemic caused a spike in medical supply demand. The Suez Canal incident further complicated operations. Forwarders that were badly hit took steps early to recover and prepare for the next disruption by adopting technology. Those averse to investing in growth simply snoozed the chance to bring about a difference. Procrast…
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