In the rapidly evolving world of freight forwarding, the focus on digital solutions has predominantly centered around commercial aspects, particularly price discovery and comparison. However, a paradigm shift is underway, with an increasing number of companies redirecting their attention towards streamlined shipment execution.
In today’s landscape, workflow management tools take precedence, necessitating freight forwarders to adeptly cater to unique and customized customer requirements in a standardized and dynamic manner.
Consequently, a true digital forwarder is one capable of delivering services seamlessly, without the need for human interaction. It transcends mere rate offerings or email/text notifications. The advent of no-code platforms like the ones I noted, empowers forwarders to navigate and differentiate themselves at an unprecedented pace. Having been a part of a logistics incubator, I’ve witnessed a surge in initiatives integrating AI-powered virtual assistants like Alexa’s and Google Homes with ERPs and software. This advancement elevates logistics communication to an entirely new level, instantly making multilingual communication happen hassle-free.
From my perspective, the pivotal frontier in logistics automation lies in the management of outsourced services through a unified application. Here, stakeholders can seamlessly exchange information, documents and generate invaluable data analytics.
The linchpin for supply chain visibility is the standardization of processes. Presently, a fragmented landscape exists, marked by diverse stakeholder expectations and processes.
The future hinges on technologies transitioning toward greater openness and interoperability with other applications. This trajectory could lead to an ecosystem where seamless information exchange and data-driven decision-making become the norm. A telling statistic from 2022 reveals that global demurrage and detention costs totaled an estimated $130 billion. Inefficiencies and a dearth of structured communication and information availability emerge as the culprits behind delays and disputes, incurring both financial and environmental losses. To foster growth, a more robust system integration and global information sharing framework are imperative.