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…
Four steps for making your freight business responsive to the competition
For businesses, challenges are never-ending. Challenges keep businesses on their toes and prevent them from getting complacent. When constantly challenged, depending on the preparedness of your company, you could either emerge victoriously or crumble. One such endless challenge for forwarders is - competition. For freight forwarders, the competition is not just from the big fish but from the startups too. By understanding how competition is a threat to your organization, you can only safeguard your current position. Just like the saying goes…
Freight Forwarding practices that will be rewarding in 2022
Running a successful business is no different than fishing. The expectation is to have a net full of fish when hauled back in. Over time, you understand the techniques and practices that fetch you maximum gains. As freight forwarders, we too wish to achieve success and growth in our business. While no silver bullet exists, monitoring trends and applying industry best practices are valuable guides to consistent progress. In every plan, setting priorities is foremost. The same goes for freight forwarding as well. As forwarders differ in aim…
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…
Navigating logistics uncertainty by being better prepared for disruptions
Following nearly two years of disruption, expecting normalcy to be restored in the logistics industry, seems like a distant dream now. The pandemic wasn't the only hurdle. The Suez Canal incident, the Delta, and Omicron Covid-19 variants have caused logistics transport modes to be further affected. In summary, we must accept that disruptions haven't and won't stop. But the fact remains that the need for logistics to be resilient has been getting stronger every year. As we approach a new calendar year, a question stands before …
Cutting costs won't help. Power your business with a robust freight software solution
The fundamental aim of businesses is to help solve their customer's challenges and keep increasing sales. In a dynamic environment, retaining high customer satisfaction and growing revenue can get tricky. Customers in the freight industry are in a commanding position to get their demands fulfilled due to commoditization. This is because every freight forwarding company is offering a relatively indistinguishable set of services. Due to commoditization, it is only natural for companies to offer lower freight rates. Companies must realize…
How Real-Time Visibility Translates Into Customer's Trust For Your Logistics Business
The "Out for delivery" notification on our phones gives a feeling of joy. But only a logistician knows the effort to ensure the timely delivery of your cargo. In Logistics, delivering cargo on time is critical due to the contracts and larger supply chain considerations. To provide your stakeholders with estimates and timely notification requires a system that can track real-time cargo visibility. Knowing the progress of your cargo affects your internal team, vendors you work with, and your customers. Each has its unique…
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