The pandemic has taken its toll on most industries around the world. However, none are as prevalent and evident as the hurdles faced by the logistics industry – particularly in the flow of the supply chain.
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Upgrading to digital platforms is the need of the hour in the freight forwarding business. Digital technology is revolutionizing every industry with instant communication, real-time data and insights, and highly efficient solutions that reduce operational costs and increase profits.
Supply chain technology around the world is undergoing a significant transformation. The logistics industry is competing with the rest of the world for digitization to optimize its operations.
The logistics industry is gradually embracing and adopting new advances to accomplish productivity in their organization and transparency in their work ethics.
There were no customs borders between the EU states before Brexit and to the end of the transition period. The great advantage of it was that it practically eliminated paperwork and customs delays involved with moving goods.
However, trends seem to be on the uptick for Land cargo, as developmental activities across regions like India and China pick up. A good infrastructure network in terms of railways has provided them with increased setting up of transfer hubs, which has provided an impetus to inter-modal transportation.
In 2020 when the covid-19 pandemic gripped the world, national lockdowns were implemented simultaneously by countries which brought the global trade to a near standstill and ultimately slowed down the economic growth.
Although the criteria under which each is chosen varies, both ocean and air freight have their place in the supply chains where they perform their best.
To start with the basics, it’s essential to know what freight forwarders do. Freight forwarders are companies that specialize in shipping for businesses that export or import goods.
April 24, 2021 Logistics
Logistics processes need to comply with government regulations. The suppliers/carriers have to comply with various federal & state guidelines.
