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Trade Tech

Auto-Rating: Still Cutting-Edge or Yesterday’s News?

Operations, Supply Chain / By

The World Economic Forum just came out with a declaration that the future of Global Trade is TradeTech, playing off of the term FinTech for the financial markets.  Well, it is certainly hard for us to argue with their statement.   Integrated, cloud-based, inter-connected platforms will continue to address the failure points where manual administration of the supply chain fails.  As the Global Trade landscape continually evolves, businesses are tasked with navigating intricate waters, especially in …

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Digitization of the Supply Chain means Mechanization of the Process

Supply Chain / By

Why is there so much talk about Digitization in the forwarding and supply chain space? Well, the key is that data moves freight and incorrect or missing data disrupts the movement of goods. Digitizing the process is much like developing a machine to handle the process, similar to how we use machines in manufacturing. The result is increased efficiency, consistency, and predictability.  Digitization does not imply job losses – on the contrary. In fact, there …

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Rate Optimization in a Falling Market

Strategy / By

Discussions surrounding the applicability of Rate Management Software still continue to circulate in the marketplace, and some individuals argue that it’s less relevant during falling markets or periods of turmoil. However, this perspective is fundamentally flawed. A declining or volatile market is precisely when Rate Management technology is most useful. Discussions surrounding the applicability of Rate Management Software still continue to circulate in the marketplace, and some individuals argue that it’s less relevant during falling …

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Ensuring your financial health on a digital platform

Strategy / By

Digital transport and logistics platforms can offer a seldom discussed but significant benefit for the forwarder and/or carrier: financial protection. This important capability rarely enters the current dialog, which focusses on how the software allows companies to provide a better service to their end customers. Over the last 20 years several large, commercially successful companies have gone bankrupt or had to sell because they got into financial difficulties. This would not have happened if they …

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Digital Systems Simplify the Complexity of International Supply Chains

Strategy, Supply Chain / By

Let’s talk some more about what should be expected from the digital transformation. What does digitization offer that is so compelling? The long and short answer is that it should offer simplicity; it should make the business of managing international supply chains much easier than they are today. Digitization should simplify what is a complex process today. The international supply chain is an extremely complex services-based assembly process with none of the automation or standardization …

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