Boost in volumes of global or international trade is a critical growth driver as far as the freight forwarding business is concerned. The rise in the frequency of trade agreements, especially among developing countries is impacting international trade. Moreover, the boom in the e-commerce segment has resulted in a boost in trade activities and dramatic market growth in the freight forwarding industry. Another crucial factor powering the expansion of the global freight forwarding market seems to be the integrated services offered by modern freight forwarders.
According to Allied Market Research, the international freight forwarding market was valued at approximately $ 192.50 billion in the year 2021. The reason for its drastic growth over the years is that shippers and freight forwarders today have invested in a host of cutting-edge software for helping them with their everyday business activities and processes, minimizing operational expenses, and streamlining shipping operations. Here is some popular freight forwarding software.
Kontainers
Kontainers is a reputed enterprise software company based in the United Kingdom. They are known for serving freight forwarders and shipping lines. Graham Parker, the founder understood the importance of a cutting-edge or digital frontend for freight forwarders. Kontainers boast of a broad spectrum of features that may include:
- Booking management
- Customs clearance
- Create a bill of lading
- Back-office operations
- Payment management
- Trucking arrangement
- LCL & FCL booking
Moreover, Kontainers helps create extra online revenue channels by providing instant bookings and quotes. It efficiently manages the consignments through its advanced cloud-based solution. It can operate in conjunction with other existing software. Kontainers is popular software as it is best for digitizing their front end and competing with their business rivals at low costs.
CARGOES Flow
CARGOES Flow is presented by DP World, a reputed global player in the freight forwarding field operating in as many as 54 nations and over 120 terminals. It is a popular enterprise multi-vendor tool for tracking land, air, and sea movements. It provides multiple advantages to large cargo owners operating with several logistics vendors as it helps provide a comprehensive one-window view. It provides seamless tracking of your multimodal consignments right from the origin to the ultimate destination. It facilitates supply chain visibility and seamless container tracking online. Freight forwarders will get email notifications whenever there are in-transit exceptions and key milestone events. CARGOES Flow is best for gaining valuable insights into the optimization opportunities and overall performance of your logistics network. It facilitates real-time visibility of all your container consignments in a single dashboard.
Transmetrics
This cutting-edge freight forwarding software is presented by Transmetrics. It is capable of predicting customer demand according to geographical location and asset types, a few weeks in advance. It is best for providing predictive optimization SaaS depending on AI or Artificial Intelligence. The firm implements innovative technologies, such as predictive analytics, data mining, and machine learning. It helps freight forwarders in:
- Planning their shipments promptly and on time.
- Processing the perfect capacities in all locations.
- Boosting their operational efficacy.
- Minimizing procuring expenses.
- Ensuring consistently high levels of service.
Transmetrics is adept at implementing AI and big data technologies thanks to its unique blend of technical expertise and wide experience in the logistics industry.
Conclusion
This cutting-edge freight forwarding software is best for enhancing supply chain management via process automation and digitization. It is instrumental in speeding up the procedures. Moreover, it helps minimize the chances of error. Moreover, the available insights may be leveraged for accurate shipment predictions thus, saving money, resources, and time for freight forwarders.
