How to streamline your booking and consolidation processes with CargoWise
The article explains how the logistics industry, challenged by longstanding issues highlighted during the COVID-19 pandemic, can improve booking and consolidation efficiency by using CargoWise, an end-to-end software platform that automates shipment processing, enhances cross-network communication, optimizes container consolidation, and increases capacity, revenue, and market scalability for NVOCCs and their forwarder customers.
The COVID-19 pandemic placed the logistics industry under a microscope, with ocean shipping rates, port congestion, and supply chain shortages becoming widely discussed topics. However, many of these issues had been present for some time. The pandemic forced the industry to address underlying problems, such as gaps in communication, collaboration, and data sharing.
There has been a perception among major maritime supply chain players that data is so valuable it should not be shared. In reality, data's value comes from the insights and automation it enables when shared with other parties.
If you’re an NVOCC, investing in technology that facilitates cross-network communication can help optimize your end-to-end logistics operations.
End-to-end logistics software platforms like CargoWise can remove the limitations of third-party connections and broaden your connectivity with industry-leading electronic communication to your customer base of forwarders, shippers, and BCOs worldwide.
Process more shipments in less time
Previously, managing incoming booking requests from multiple forwarders and consolidating shipments on a single container required manual effort, along with creating, sending, and amending extensive shipment documentation. CargoWise automates these processes. For example, if a forwarder sends five booking requests for different shipments, you can create an optimal consolidation based on the jobs received, and the system will automatically advise your forwarders how their shipments were consolidated.
If shipments are sent progressively over time, CargoWise helps identify and consolidate these bookings according to available space and notifies the booking party about the consolidation.
This improvement in speed and quality of booking and consolidation processes increases your capacity to accept more shipments, boost revenue, improve your ability to negotiate rates with carriers, and scale to new markets.
Give your forwarder customers the visibility they’re looking for
Despite best efforts, supply chain disruption is inevitable. For example, a sudden weather change may cause a vessel delay, which, if not communicated properly, can lead to port congestion and additional costs for the forwarder.
Forwarders seek enhanced shipment visibility to mitigate risks. They invest in technology to improve decision-making, control over operations, inventories, and communications, and look for supply chain partners who do the same.
By leveraging CargoWise's automation options, you can improve the accuracy of data shared with forwarders, shippers, and BCOs, streamlining communication of shipment information and documentation between all parties.
With accurate, up-to-date information on booking status, cargo grouping, vessel assignments, and routes, you position yourself as the NVOCC of choice. As CargoWise is the core operating system for many of the world’s largest freight forwarders and 3PLs, you remain visible to buying forwarders.