Imagine a glitch in your customized software that leads to overcharging customers. Worse is, being a weekend, your software development team is unavailable for two days. In such an experience, you are at risk on two fronts: chances of losing a customer and continued loss till the issue is fixed. To understand the risk probability consider this: a PwC survey says 17% of people will walk away from a company after just one bad experience. If you are a Logistics Service Provider (LSP), then customer satisfaction gets more complex. For a logisti…
A positive experience has a lasting impact on us. And so does a poor one. How customers feel after using a service determines the volume of business you can expect from them in the future. Much importance has been given to customer experience in businesses in recent times. The fact that the global customer experience market is expected to grow at 11.8% CAGR shows why companies are investing in it. For freight companies, there are two touch points where you can influence and impress your customers. The first is how your staff or personnel int…
Since the 2020 pandemic, many companies in the freight industry have had to go through a series of changes. Some of those changes were meant for survival, to set off a transformation, or for establishing steady growth. As the times were uncertain, companies adopted ways to weather the storm. Now, as the pandemic is nearing its end with mass vaccination, forwarders are at crossroads to decide the next course of action in the new normal. The positive outcome for forwarders that survived the tough times was gaining the ability to be digital on …
Amid the market upheaval in the past few months, the brand's ability to communicate effectively with its customers online has become pivotal. Irrespective of the sector, businesses across the globe are quickly waking up to the potential of the mobile app. And the freight forwarding industry has been at the forefront of the adoption of mobility and mobile apps. In this context, it is vital to understand the wide-ranging implications of the mobile app that has already transformed logistics and freight forwarding operations to a great exten…
The steady flow of revenue with controlled costs is a definite way to head towards a profitable business. But with the commoditization of freight forwarding, it is not enough to look for profit by reducing costs. Forwarders looking to grow their profits consistently must develop stronger core capabilities to sustain in difficult times also. Smart businesses make optimal use of their resources to maintain high-profit margins. Spreadsheets and software with limited capabilities set boundaries to your growth, preventing you from maximizing your p…
Increasing globalization has changed the landscape of how cargo moves across various modes. Alongside the increase in the speed of delivery, there is a constant need to improve the customer's experience in the whole process. Among the suite of provisions you, as LSPs and business stakeholders provide, the impeccable management of documentation and the real-time cargo tracking must take precedence. Faster responses to questions like "Where's my shipment?" can satisfy a customer. If you're aiming for the ultimate customer …
Just when the recent pandemic seemed like the only disruption of the decade, the Suez Canal blockage incident came along. Bottlenecks and hurdles are bound to continue as long as freight keeps moving. Technology has been able to provide direction to navigate past hurdles and ease some of our troubles. Of course, some business aspects work best when technology is combined with human intelligence. The large-scale trend of remote working that set out in 2020 was for some companies, a makeshift arrangement. With the belief that such a way of wor…
Connect with us