Innovative technology and e-centered business models are changing the international shipping industry drastically. In their white paper, e-Business in Forwarding – Threats and Opportunities, Drewry Supply Chain Advisors examine the effects of technological...
Freight forwarders and NVOCCs face a lot of every day risks in their business that technology can easily solve. Many of them are the result of exposure to the routine challenge of managing the complexities of global shipping – like rate management, responding to...
A short search online will tell you that companies like yours are paying penalties to the Federal Maritime Commission for non-compliance of FMC regulations, these fines regularly range widely, and one simple case can affect hundreds of shipments, multiplying the...
1. Integrate as many rate data feeds and get as many standardized data formats as possible from your suppliers, this will make it easier to maintain your rates database, even when the market is volatile. 2. Digitize tariff surcharges and your local charges too,...
Freight forwarders are as nervous about the future as any other type of company these days – and for good reason. It’s hard to think of another industry facing more uncertainty with many of the macro-trends happening in the world right now. These challenges include...
The logistics industry gets little credit when it comes to the adoption of technology. It seems like there is a new technology startup appearing every day promising to “disrupt” the $3 trillion shipping industry – while at the same time criticizing shippers and...
The line between what one kind of logistics company does and any other is more blurred than ever. Take the term 3PL – this is used by freight forwarders, carriers, and even warehouses as a way to describe themselves. None are wrong be each largely do very different...
There are benefits to using technology that freight forwarders and carriers often overlook.The common selling points for technology are usually about eliminating manual tasks and cutting down on paperwork. Obviously anything a forwarder can do to eliminate...
RFQs are an interesting thing – how so depends on your perspective. As a freight forwarder issuing a bid, they are actually a chance for you to be the customer for once. Instead of dealing with shipper problems and customer service issues, you are in the position...