February 4, 2021

Freight Innovations: How to Innovate on a Shoe-String Budget

Miles Varghese
Miles Varghese
Helping independent freight forwarders/brokers better stay in-sync, collaborate, and improve operations with their shippers/clients. Co-founder & CEO @ Cargologik.com
freight innovations

Freight innovation is the key to surviving the highly-competitive market of the modern freight and shipping industry. If there has been one lesson this year has taught those in the industry, it’s that change is inevitable. For many in the industry, the key to surviving the unprecedented time of the year 2020 comes down to embracing freight innovations and technology advancements. For instance, using software-as-a-service based platforms, including cloud-based, digital forwarding software, can go a long way in enabling real-time, continuous improvement without massive profitability cuts.

Realize That Almost Any Upgrade is Better Than None for Freight Innovations

Accepting modernization is easy. The money to put into upgrades and new processes and tools is easily accessible. But when budgets are tight, it can be a bit more challenging, but still possible. According to Science Direct, “Logistics processes underlying freight transport are changing rapidly, driven by progress in information technology and an unparalleled growth of consumer involvement in supply chains. This development is also driving change in freight transport flows, by all modes of transport.” There are many ways to accept freight innovations without sacrificing funding for other critical areas of the business. Such a move may take some creativity and a lot of work, but the benefits are well worth it in the long run.  And in fact, the developments continue to get cheaper and more actionable, especially as more cloud-based services follow subscription-based payment models. 

Start Making the Shift Towards Digital Automations Now

Making changes to how business management works and the business flow, in general, is always challenging. Making the initial move towards digital automation and embracing freight innovations within the supply chain network matter most. Details will vary from shipper to shipper, but forward progress of any kind is an improvement over staying stagnant and becoming obsolete. 

Make Small Upgrades Little By Little to Platforms Over Longer Periods

If the primary platform and beginning stages of modernization are already in place, the next practical step is to keep upgrading whenever and however possible. When funding and budgets don’t allow for extensive system upgrades and advancements, small changes can still be done. Useful analytics and tech applications can have an enormous impact on freight innovations within a supply chain network.

Train Employees Ahead of Time, So They Are Ready to Embrace the Change

When funding is tight, it can be challenging to know where to focus the money. An investment that always pays dividends for the long-term is employee training. Taking the time and investing the money to train staff on freight innovations coming down the line will make the transition easier when such a thing finally happens. Staff who are ready for changes will be much more efficient and successful.

Work With Logistics Experts to Maximize Effects of Freight Innovations

To make the most out of freight innovations available and ensure your budget goes as far as possible for you, be sure to work with the experts in innovations and freight logistics.  And above all else, remember that digital freight forwarding is the future of logistics efficiency, whether simply upgrading operations or getting ready to launch your business. Contact Cargologik today to sign up for a demo and see how even small changes and improvements can make a world of difference.

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