How does freight forwarding software help increase productivity?

The global Freight Forwarding Market was valued at USD 7.80 billion in 2021 and is expects to reach USD 13.50 billion by 2029, registering a CAGR of 7.10% during the forecast period of 2022–2029. The key drivers that will boost the growth of the freight forwarding market in the coming years include the booming eCommerce industry, technological developments, an increase in cross-border trade activities, integrated activities, and rising trade volumes globally.

However, in the past few years, the industry has seen an unprecedented disruption ignited by emerging technologies, evolving customer expectations, and digital transformation. Moreover, during COVID-19, the sector saw a major shift to more customer-centric business models and the increasing need to implement technology to carry out their operations. Also, the globalization of trade and logistics services has resulted in complex documentation challenges, comprising statutory documentation and accounts to inventory and operational records to clients reporting.

So today, we can see the awareness even among the small forwarders to use modern technology for their business. They now know the importance of a comprehensive digital freight forwarding solution for well-organized logistic and freight operations to increase the overall efficiency. Simply stated, freight management software has impacted every step of freight operations, from quotation and rate management to shipment visibility, billing and complex logistics processes.

Let’s understand why freight forwarding software can assist you in optimizing your freight and logistics business.

Process Automation: Freight forwarding software help to eliminate the manual data entry and automate the task of repetitive data entry, reducing the chances of human errors. Once data entered using the freight software allows data access from a centralized database and can be viewed and updated automatically by trading partners, brokers, carriers and operators. Thus helps save time, reduce human error and keep the integrity of the data synchronization across locations.

Better control with fast and easy access of information: Freight forwarding software helps integrating operations across locations, streamlines documentation, controls revenue and real-time updates, and regulates expenses, thus allow having better control over business. Moreover, freight ERP software help forwarders streamling their methods of exchanging information with their customers and partners. This help them with better decision in time and operate and provide better customers services.

Cloud advantage and secured data exchange: Cloud-based freight management software allows data to store in a safe environment and the flexibility to manage business from anywhere. Also, the blockchain powered freight software like Logi-Sys facilitates secured data exchange and peer-to-peer connectivity between stakeholders involved. Above all, freight software like Logi-Sys, come with an added advantage of a mobile app and customer portal allows forwarders and their on the go employees to update status from anywhere.

Data Analytics: In freight business, data plays a major role from tracking compliances, reducing supply chain bottlenecks to streamlining the operations and reducing error. Freight software provides analytics to optimize routes, oprations and customer satisfaction with real-time data of shipment and inventory analytics. Freight software also helps with reports that provide actionable insights to track performances based on geography, location, and other specifications for effective decision-making.

Transparency and visibility: Freight software provides real-time visibility of every shipment giving clients a complete visibility of their end-to-end supply chain flow, thus ensures customer satisfactions. Moreover, freight forwarders can readily track the movement of goods and control the shipping operations. Availability of real-time information helps manage risk and take the corrective decision well in advance.

Improve profitability: Last but not least, freight software help to improve the profitability of the business by enhancing the overall productivity and efficiency of the business operations and employees. Today, the modern freight forwarders understand the importance of freight forwarding software like Logi-Sys not only for operational efficiency, visibility, to increase revenue and productivity but also to deliver better customer service and sustain in the competition.