Since early 2020, there have been many changes in the shipping industry. Current regulations, uncertain markets, and changes in supply and demand are putting pressure on ocean freight forwarders to meet never before seen needs. More than ever, in this age of disruption, more solutions and tools are needed to remain competitive in this industry. These things sound overwhelming, but digitizing and centralizing information and communications will improve efficiency, comprehension, and container throughput.
As explained by Bloomberg, “Shanghai is now the epicenter of China’s worst Covid outbreak in two years, with more than 21,000 cases reported just on [April 7]. The shortage of trucks is also hitting companies in the city, which have continued working through the lockdown, with chip giant Semiconductor Manufacturing International Corp struggling to secure trucks to ship out finished goods.”
Don’t be put off by the complexities of ocean freight forwarding, and learn how to take back control. Below are some tips that forwarders need to know
to help take full advantage of new solutions and technology that will allow ocean freight forwarders to simplify their freight forwarding business.
Obtain All Relevant Shipment Information When Preparing a Quote for Customers
For ocean freight forwarders, global shipping is complex and has many associated costs that go along with it. Ensure all relevant information has been obtained before presenting a quote. After gathering all necessary information and documents, be transparent with customers, informing them of all upfront costs and fees.
Document Everything, and Use Digital Document Management
Ocean freight forwarders must provide accurate and complete documentation of all information and invoices. The most effective way to achieve this is by implementing digital document management. Manually tracking everything can be extremely time-consuming and less effective. A platform that digitizes your business and stores all data in a central location will improve the flow of ocean freight forwarding companies. It automatically creates shipping schedules, provides quotes, and automates data input.
Remember to Consider Additional Equipment and Handling Requirements Per Load
Ocean freight forwarders must have as much information as possible when carrying heavy equipment to guarantee safe and effective transfer. Each port can accommodate a certain amount of total capacity. To improve deliverability and stability, ocean freight forwarders must know each load’s equipment and handling requirements.
Gain Visibility Into All Costs to Know Where Extra Spend May Occur
When shipping overseas cargo, you may be charged costs that you do not have to pay when shipping domestically. Gain visibility by knowing your foreign shipping prices up front; you will be prepared for these additional costs. Know other expenses associated with overseas shipments, such as documentation and customs fees. Ocean freight forwarding companies must know all costs to maintain profit margins and provide accurate quotes.
Integrate Your Tech Stack With OTR Carriers’ Platforms to Manage Drayage Easier
Technology helps freight forwarders simplify and streamline business, making transporting freight from the port to its final destination easier. Integrate your current tech stack with OTR platforms to take full advantage of these programs’ digital offerings. The ocean freight forwarding industry has often resisted the transition into the digital world. However, with today’s shipping demands and overall climate, the change is necessary to reduce expenses and increase revenue.
Use Automated Alerts to Manage the Majority of All Operations.
Welcome the use of automation with open arms. General administrative tasks are replaced with automated freight forwarding services, saving you multiple work hours. Given the current circumstances, automation is a necessity. Spend your working time productively on back-office tasks that can replace.
Centralize Your Communications in a Single System of Record Like Cargologik
Communication is always crucial in running a business. WIth international ocean freight forwarding companies, there can be multiple streams of incoming and outgoing lines of communication. Centralizing them through one location will enhance the productivity of your workflow. Using a Single System of Record like Cargologik integrations allows you to integrate all of these lines and put them into one location. All data, communication, and information go in and out of one place.
Tap the Potential of Cargologik to Build a Better Business as an Ocean Freight Forwarder
Supply and demand and unstable markets are forcing ocean freight forwarders to confront new obstacles in the business. Digitizing and centralizing information and communications will boost efficiency, understanding, and container throughput. Digitization creates better access, more thorough insights, real-time response and communication, and real-time data.Don’t be intimidated by ocean freight forwarding’s intricacies; instead, tap into your potential and sign up with Cargologik to build a better business today!