Digital Freight

The Benefits of Digital BOL and POD in Global Forwarding

A Proof of Delivery (POD) is a receipt proving the delivery of a shipment. A carrier provides the POD, and it must be accepted and acknowledged by the recipient to confirm the cargo delivery. A Bill of Lading (BOL) is the proof of transportation of goods. 

Over the past two years, the industry has faced many challenges in freight handling and meeting the needs and demands of customers. According to Yahoo.com, the global e-commerce logistics market grew by 19.9% in 2021, proving that the need to digitize the supply chain industry is critical. The e-commerce market trends made up nearly half of digital logistics globally.  

The need and demand for technology continue to grow and evolve to meet the expectations of consumers and customers. The traditional pen and paper method is not feasible in the current market conditions, making digital BOL and POD a necessity in keeping up with the demands of global freight forwarding. 

Improved Compliance With Record-Keeping Requirements

With the ever-changing requirements for record-keeping, digital proof of delivery lowers the risk for errors and improves record-keeping compliance requirements. Documents are readily available in a central location with digital POD. By implementing this technology, freight forwarders will lower liability while improving efficiency and productivity. Digital POD also allows forwarders to stay updated on changes to real-time record-keeping standards. 

More Collaboration With Other Freight Management Parties

Digitizing proof of delivery allows collaboration with other freight management parties, improving overall customer satisfaction and ROI. People want instant gratification, the quickest, most straightforward, and most affordable solution. Logistic collaboration with all freight management parties allows them to meet the demands. Collaborative digital freight platforms offer each transaction visibility, transparency, and efficiency. 

Real-Time Management by Exception

When a proof of delivery exception occurs, digital POD technology keeps all parties informed of changes and exceptions in real-time. Providing real-time data will prevent market instability and unpredictability by allowing immediate notification to all parties. Management by Exception will enable exceptions to be handled swiftly and appropriately, reducing risks, optimizing planning, and improving client communication. 

Easier Traceability of Shipments

Digitizing proof of delivery makes tracking supply chain data more effortless than ever. This technology provides freight forwarders and customers with data with the click of a button. They can track and trace their shipment from loading to arrival and all stops between. It also creates less physical manpower as all information is available through an electronic platform, cutting out the middleman. Since the onset of the pandemic, contactless has been the trend, which is prevalent in the shipping industry. Digitalization, contactless ordering, shipping, and delivery are at your fingertips. Customers and suppliers are notified of shipment and delivery.

Fewer Missteps When Handing Freight to Other Parties

Digitized proof of delivery and bill of lading are managed through a platform accessible by all parties. This inevitably leaves room for little error when multiple parties are handling freight. Loaders and drivers touch the cargo at various locations during transit. This innovative technology can track the weight, location, and status of their cargo at any given time. 

Less Busy Work for Drivers

Digital proof of delivery takes away the driver’s tedious paperwork and other data-oriented tasks. It allows them to focus on their pick up, transport, and cargo delivery. Digital POD provides the drivers with real-time updates and visibility to meet the needs of customers and reduce their overall workload.

Tap the Potential of Digital Proof of Delivery With Cargologik

There are multiple benefits to implementing a digital proof of delivery and BOL. It eases the load of drivers, enhances traceability of cargo, creates less room for human error, and provides real-time updates to all collaborators, enabling you to grow your freight forwarding business. Tap into the potential of digital proof of delivery and sign up with Cargologik today!

How a Digital Freight Forwarder Platform Overcomes Key Challenges

The international and domestic supply chain faces issues that freight forwarders have never seen since the pandemic’s onset. Staff shortages, route interruptions, financial difficulties, and freight forwarding issues have changed the ways of digital freight forwarders.

A spring 2022  article on Yahoo.com says that the international logistics industry grew exponentially in 2021. North America will have the largest market share by 2026, even overshadowing the Asia Pacific industry. The e-fulfillment global market made up virtually half of the e-commerce logistics in 2021.

The rise in demand for e-commerce and logistics has made it harder for freight forwarders to find and manage their shipments. It has created a need for digital freight forwarding platforms to streamline processes and provide real-time updates for shippers and customers. 

Rising Fuel Costs and Environmental Concerns

Rising fuel costs have hit the freight forwarding industry hard as it is a significant portion of its expenditures. As fuel costs increase, carriers increase prices or take a loss. Fuel prices impact the entire industry. When costs increase for digital freight forwarders to transport cargo, the shipper has to increase their charges, leading to the recipient needing to increase their charges.  

Digital freight forwarding companies rely on fuel, precisely diesel fuel, which creates a lot of pollution in the environment. A significant obstacle in the industry is maintaining cost-effective and efficient freight shipping methods that reduce pollution. 

Using integrated tech helps mitigate the effects by allowing for more simplified processes, improves routes, and decreases fuel costs and environmental emissions. 

Growing Customer Service Expectations

Customers expect instant gratification in the age of technology and apps at their fingertips. There are multiple moving pieces involved in transporting goods from start to their final destination in the shipping industry. These components can cause a lapse in communication and productivity which can cause delays in communication with customers. The use of digital freight forwarders provides integrated technology with digital freight platforms that offer accurate and expedient information to clients and customers. Carriers and customers have growing customer service expectations and need transparency. The implementation of digital freight forwarding technology helps overcome these challenges.

Absolute Need for Management by Exception

Market instability and unpredictability threaten the interruption or even shutdown of the supply chain. A strategy to overcome these challenges is to provide real-time information and visibility. Digital freight forwarding offers the groundwork for management by exception, allowing for instantaneous notifications and alerts when an exception occurs. This enables digital freight forwarding companies to diminish risks, improve planning, and provide customers with real-time communication. Management by exception allows digital freight forwarders to quickly deal with exceptions and keep up to date while allowing drivers to focus on the most vital tasks.

Cultural Barriers and Confusion Over Contract Details

International shipments and freight forwarding can create barriers and confusion over contract details. Implementing a digital freight forwarding platform will ease the navigation of these cultural differences and simplify the process to avoid contractual delays. The platform provides a streamlined process of organizing and keeping documentation in one,e easily accessible location. Keep accurate export documentation, customs forms and information, shipping costs, and up-to-date cargo weight. Digital freight forwarding companies will be able to accurately communicate when there are communication barriers and will prevent shipping delays.

Changing Record-Keeping Requirements

Record retention ensures that documents are readily available when requested. For liability, efficiency, and productivity, freight forwarders must keep these records for a period. Digital freight forwarders allow shippers to stay informed of real-time record-keeping requirements changes.  

Leverage Software Built for Digital Freight Forwarding Companies With Cargologik

The demand for change and growth in e-commerce logistics is exponentially higher than the industry has ever seen. Staying current with the latest technology and differences is necessary to meet customers’ needs in a technology-centered world. Ensure your freight forwarding business continues without interruption. Leverage software built specifically for digital freight forwarders and sign up with Cargologik today!

How Forwarders Can Boost Throughput With Digital Freight Platforms

Much of the world’s products and shipping cargo is movies via ocean, land, or air, and the complicated flow of goods across the country and around the world falls on the shoulders of freight forwarders. Old and outdated freight handling and forwarding processes can no longer sustain the high demands seen in the market today, which is why digital freight platforms are vital. It is nearly impossible to reach maximum productivity levels. Forwarders can boost their throughput and streamline many essential processes if they know what tools to use.

Online freight marketplaces, also known as digital freight platforms, are systems specifically designed to help connect shippers with carriers through a secure online platform. As highlighted by SupplyChain24/7, “about 97% of carriers in the US operate 20 or fewer trucks (while 90% of those operate with six or fewer trucks). The national economy depends on trucks to deliver nearly 70% of all freight transported in the US annually… accounting for $671 billion worth of manufactured and retail goods transported in the country by truck alone.”  Coordinating between shipping modes and connecting origin points and destinations as effectively as possible. Benefits of successfully managing freight forwarding through disruptions with innovative tools include the following.

Improved Logistics Timelines and Tools

Digital freight platforms function primarily to improve short and long-term logistical views within specific shipping lanes, modes, or orders. These automated management platforms’ design enables freight forwarders to improve logistical planning and throughput by giving them access to the best timeline monitoring tools available.

Access to Targeted Business Metrics

digital freight platforms make it easier for managers and team members to track progress and monitor key company metrics. By taking full advantage of these advancements in freight forwarding tech, freight forwarders can improve throughput and keep productivity levels as high as possible with instant status reports and metric analysis.

All-in-One Platform and Dashboard

The complicated and ever-changing face of the global supply chain market only adds to the pressure in the industry today. This makes all-inclusive platforms vital to continued growth and recovery. Having a single source of truth for all involved parties to tap into and access is critical for maximizing productivity and throughput levels. 

Cloud-Based Document Management

Digital freight platforms also improve more mundane yet vital processes such as document management and recordkeeping. Online forwarding platforms keep vital transportation records in one easy-to-access digital space rather than searching piles of papers for inevitable lost documents and reports.

Real-Time Data for Load Transfer Tracking

Most people are unaware of how much of the nation’s cargo is transported by small owner-operators fleets of 10 trucks or less. Whether loads ship via ocean, rail, or air, almost all require some degree of truck transportation. These dashboards and platforms make it easier for freight forwarding companies to coordinate in real-time.

Online Collaborative Acess and Opportunities

With a clear single access source, team members, managers, and customers alike can easily coordinate and stay on the same page and capitalize on collaborative opportunities. Rather than coordinating everything and getting disparate data and teams together, online digital freight platforms simplify access and collaboration.

Easier Predictive Planning and Tracking of Cargo

Digital freight platforms improve freight forwarding efficiency as companies prepare for future scenarios easily. Using compiled data and insights from multiple team memes and partners, it becomes easier to embrace predictive planning and tracking systems effectively. Knowing where cargo is and arrival ETA is vital to maximizing throughput.

Maximize Throughput and Productivity Through a Partnership With Cargologik and See the Benefits of Digital Freight Platforms

Much of the world’s products and shipping cargo is movies via ocean, land, or air, and the complicated flow of goods across the country and around the world falls on the shoulders of freight forwarders. Old and outdated processes can no longer sustain the high demands seen in the market today, which is why digital freight platforms are vital. Contact Cargologik today to sign up and get started.