Reducing costs is a key goal for most companies. Some expenses, however, are more difficult to see than others: they remain hidden, silently eating away at your profits whilst your competitors gain a critical pricing advantage from this lapse. The cost of manually reconciling freight invoices is a common example where organizations spending too much….
The coronavirus pandemic is a wake-up call for the logistics industry to adopt digital transformation. To contain the spread of COVID-19, work from home policy has become a norm across countries. However, it is challenging for an industry steeped in traditions to implement remote working. For an industry where ensuring transparency and efficiency is tough…
As organisations across the world struggle to track their shipments due to the chaos being wrought by the coronavirus pandemic, GoComet would like to help by freely sharing our live global freight visibility or port congestion data. In the wake of current events, companies are dealing with countless questions such as how are their shipping…
Are you sick and tired of paying thousands of dollars to your freight forwarders? Do you want to save money on your international freight procurement? The way you negotiate is key. Negotiation saves your business money. It allows you to work towards a lower price, making sure you pay less for your freight procurement. Unfortunately,…
Two manufacturing companies ‘A’ and ‘B’ sell the same product. Both companies have good profit margins, employees are happy and the management is satisfied. Despite being in the same product, none of them pose a threat to each other as they have independent customers and more or less fixed revenues. Now that’s not the entire…
GoComet’s innovative freight shipment tracking solution has received an honorable mention in Gartner’s Research Report for Supply Chain Operational Visibility Vendor Guide 2019. The research report provides supply chain professionals with an in-depth analysis of the world’s leading operational visibility solutions Gartner defines the real-time transportation visibility platform (RTTVP) market as follows “Real-time transportation visibility…
Do you feel that adopting technology is difficult for you? Do you struggle to keep up with the new advancements in technology? Are you hesitating to try out new products because of your fear of not being able to learn? Agreed that GoComet is the latest technological product in international freight procurement. Obviously, it is…
Now straight off the bat, you’ll be thinking that the above looks a little strange. How on earth could the biggest cricketing tournament in the world helps reduce my freight charges? Well, as the teams are about to break for drinks, let’s read on, to find out how. First, let’s set the field. You’re a…
In the pharmaceutical industry, a large percentage of the business is export-oriented. Since the goods are sensitive, i.e. perishable, they require a specific temperature for storing. Due to the nature of the cargo, most of the exports are done via Air cargo only. The freights today are very dynamic and every air shipment is unique…
GoComet is a cloud-based platform that helps you in automating your international freight procurement and rate reduction process, leading to the lowest freights and increased savings month on month. Now the question is how much of your time needs to be invested to start GoComet? From the management’s point of view, not more than 30…
Research shows that only 30% of shipping quotes from forwarders are provided in 48 hours or less. 14% take over 4 days and over 40% of quote requests are never responded to. What happens when your forwarder does not quote to you in time?1. Your shipments get delayed because you don’t have clarity on the price…
Chemical companies are big-time exporters of full container loads(FCLs), roughly ranging from 50 containers to as high as 350 containers per month managing 40-60 trade lanes in a month. An individual freight forwarder in today’s competitive world of shipping and rates can only be numero uno in 5, maybe 10 lanes. So such a company…
Imagine you have 6 vendors for a particular service with the same offering, but you can buy from only one. How do you ensure that you get the best price? You mostly do simple negotiation. In simple negotiation, you call or email each vendor and ask for a quotation. Once quotes are in, you speak…
“Ah! I can hire one person to do that job instead of using technology” We hear this and we cringe in fear. This is a sure-shot way to oblivion. History has shown enough that you can’t stop a change whose time has come. If hiring one more person was a substitute for technology, we’d still…
There are a few things to take into consideration while choosing the best method to ship your goods. Choosing the right service between air freight vs sea freight will help you bring down costs and bring inefficiencies in your shipping process. Cost / Price As a business owner, before shipping goods, you need to check…
