The Bill of Lading aka BoL or B/L is the most important shipping document that serves as a receipt of freight forwarding services. It works as a contract and a document of title between the carrier and the shipping company or freight forwarder. Over the last couple of years, the digitization of the freight forwarding…
A TMS or transport management system is an online platform that enables logistics companies to streamline their shipping process in several ways. Simply put, a TMS allows freight forwarders to commence the digital transformation by automating their vital operations and get key insights that help to save time and lower expenditure on future shipments. Starting…
In our last blog, we have discussed several reasons that are leading to delays in the container shipping industry. The container shipping industry is preparing for renewed chaos, disruption, congestion, and backlogs as Shanghai restarts its manufacturing and supply chain operations after two months of strict lockdown. A recent survey by Container xChange suggests that…
The container shipping industry is experiencing extreme challenges and volatility since 2020 and with the gradual withdrawal of the pandemic restrictions in 2022 sea freight forwarders were expecting a semblance of market stability. Nevertheless, the situation unfolding is not very hopeful for the ocean freight industry. The sector is still having to contend with global…
The market reputation of independent freight forwarders is entirely dependent on the way they serve their customers. Just like any other sector, the freight forwarding industry is striving to create a long-term mutually beneficial relationship with its customers. Apart from strengthening the brand image, a sound relationship with customers also helps to deal with the…
The increasing competition from the multinationals, higher client expectations, and the need for seamless, visible, and more efficient operations are a few factors that are prompting independent freight forwarders to adopt digitization. The leading logistics companies are racing to digitize their core operations by replacing manual processes with automated ones. Additionally, at a time when…
The White House recently launched a plan that intends to ease the supply chain bottlenecks in the country. This new initiative primarily hinges on data sharing by all the stakeholders in the supply chain industry. This new project called FLOW (Freight Logistics Optimization Works) is a data-sharing drive that seeks to connect all the stakeholders…
Last week, Amazon launched a $1 billion fund to boost its logistics and supply chain operations. With the aim to enhance customer fulfillment, this massive investment by the e-commerce giant will also focus on robotics technology. Moreover, this recent investment is an important step for the company to take a deeper dive into the use…
The transportation and logistics industry has traditionally relied on trucks and trailers with internal combustion engines for domestic delivery purposes. Nevertheless, these vehicles are responsible for massive carbon emissions which have become a source of concern at a time when the industry is gradually shifting toward sustainable practices. According to a report titled The Future…
Contrary to what many of us tends to believe, the pandemic has still not gone for good. Although the intensity of the outbreaks has lessened to a great degree, it seems that the virus will continue to plague us for a few more months. The Covid situation in Shanghai- the commercial hub of China is…