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Procurement of freight rates post-COVID

Procurement of freight rates post-COVID

One of the biggest challenges faced by supply chain professionals around the world, in light of the ongoing pandemic is its adverse effect on global freight rates. Owing to the fluctuations in supply and demand, securing reasonable freight rates has become even more difficult than before.   At the peak of the impact of coronavirus, there…

Container shipping stages rebound after COVID-slowdown

Container shipping stages rebound after COVID-slowdown

After a six months-long roller coaster ride that began with the coronavirus outbreak in China and rapidly ravaged global trade, signs of recovery have at last started showing.  From the time stalled shipments, skyrocketing freight prices and blank sailings had become a common occurrence, container shipping activities have staged a relative rebound in recent months. …

Top 5 KPIs to measure your carrier performance

Top 5 KPIs to measure your carrier performance

Measuring, analyzing, and optimizing your business operations is just as important or perhaps, even more, important in the logistics industry. To stay relevant in the market it is imperative that you keep a close eye on any and every opportunity to improve. This is where key performance indicators (KPIs) come into play. Identifying and making…

Container tracking in the post-COVID world

Container tracking in the post-COVID world

With the current pandemic exposing the fragility of the global supply chains, it has become more imperative than ever to adopt a system that enables real-time container tracking. Investing in automated monitoring equipment for tracking exactly where your containers are has become as important as shipping those same containers. At the Digital Container Summit that…

What is a Bill Of Lading?

What is a Bill Of Lading?

Exporting and importing goods can be quite overwhelming given the number of intricacies, documentation, formalities and above all, money that is involved in the process.  A document that plays a vital role in making sure that your freight is delivered on time, in the right condition and acts as a document of title to the…

5 reasons to choose GoComet over other LRM platforms

5 reasons to choose GoComet over other LRM platforms

The ongoing pandemic has yet again highlighted the value that digital automation technology can provide to global supply chains. At a time when managing your logistics has become a turbulent experience, investing in a Logistics Resource Management platform that best suits your company, can help streamline your operations and boost business.  However, in a market…

Benefits Of Automated Freight Invoice Matching

Benefits Of Automated Freight Invoice Matching

Digital transformation in the field of Accounts Payable has been tough to carry out, given that invoice operations are inherently complex and place a lot of dependency on human effort. As with any other technology, this is just another hill to climb in the right direction.  Reducing the burden on manual labour, minimising errors, identifying…

How is blockchain technology improving supply chain management?

How is blockchain technology improving supply chain management?

Amid countless technologies that continue to present promising opportunities to the supply chain industry, blockchain has emerged as a critical innovation, with the potential to revolutionise digital supply chain management.  With supply chains growing more complicated by the day, using blockchain technology can help organisations record relevant information more efficiently, making way for improved transparency,…

Webinar Synopsis: Supply chain resilience in the post-COVID world

Webinar Synopsis: Supply chain resilience in the post-COVID world

As the ongoing pandemic continues to raise concerns about the agility of global supply chains, organisations across industries are looking for ways to identify and leverage new opportunities and weather the storm.  In a webinar hosted by GoComet last week, vice-president procurement of Glenmark Pharmaceuticals Rajasekhara Reddy emphasised how technology and a strong team are…

How to Effectively Collaborate With Supply Chain Stakeholders?

How to Effectively Collaborate With Supply Chain Stakeholders?

Logistics plays a fundamental role in the efficiency of every company. While a strategic logistics plan takes care of the selling and buying of goods, a key component that could throw a potential spanner in the works is an unhealthy relationship with the various stakeholders of your supply chain network.  Relationships matter. With variables at…

Fight Uncertainty With Live Shipment Visibility

Fight Uncertainty With Live Shipment Visibility

With the market being as volatile as it is, unforeseen disruptions at every stage in the supply chain have become a common occurrence,  emphasising the need to build resilient and agile networks that facilitate quick response and minimise risks.  Due to the ongoing pandemic,  heavy restrictions on transport and labour have thrown a huge spanner…

Green vs Sustainable Supply Chain Management

Green vs Sustainable Supply Chain Management

Often, the terms green and sustainable seem like synonyms of each other, but are most definitely not. While going green looks at only the environmental aspect of it, being sustainable is equivalent to taking into account the social, economical and environmental impact of that particular product or organisation. In this day and age, the traditional…

How transparent is your freight negotiation process?

How transparent is your freight negotiation process?

Shipping goods internationally, especially on a large scale, can be quite a task. While dealing with international shipments, logistics teams are faced with three fundamental questions:  Which freight forwarder is the best fit for their business? Who among all the interested freight forwarders, is the most reliable?  And most importantly, how can they get the…

Should you buy LRM software? Logistics Resource Management- GoComet

Should you buy LRM software? Logistics Resource Management- GoComet

The global pandemic has highlighted the value that Logistics Resource Management (LRM) platforms provide to export-import-oriented companies. For organizations considering LRMs for the first time or an upgrade of their current solutions, should they invest in building a customized, in-house platform or buy a ready-to-go, off-the-shelf software? Here are some of the factors to consider,…

5 Reasons to Adopt an Automated Shipment Tracking System

5 Reasons to Adopt an Automated Shipment Tracking System

As COVID-19 continues to disrupt global supply chains, knowing exactly where your shipments are has become more crucial than ever before. The traditional way of tracking shipments is tedious, time-consuming and ineffective, to say the least. Industry studies show that tracking about 500 shipments every month on the sites of about 7-15 shipping lines alone…

12 ways to reduce freight costs immediately

12 ways to reduce freight costs immediately

For organisations that ship goods internationally, shipping cost accounts for a significant expense and its dynamic nature makes it close to impossible to spot opportunities for driving cost savings. Especially for businesses that are inventory intensive, logistics cost plays a crucial role in determining profitability.  However, there are several practices you can deploy to beat…

Choosing the right Transportation Management System (TMS)

Choosing the right Transportation Management System (TMS)

With tightening capacity and ever-soaring rates in the face of COVID-19, managing logistics and shipping goods has become a turbulent experience. Investing in the right TMS can streamline your operations and boost business.  However, with so many options to choose from, how do you identify the TMS best-suited for your organisation and your budget?  What…

How to win in today’s spot market with GoComet’s RFQ software

How to win in today’s spot market with GoComet’s RFQ software

With cost-saving strategies more important than ever, companies around the world are facing a situation where faltering contracts and a widening gap between container demand and supply is forcing them to turn to the spot market to fulfil shipment orders.   For organisations with hundreds of shipments per month, suddenly having to manually create, compare and…

Technology for Real-Time Visibility in Shipment Tracking
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Technology for Real-Time Visibility in Shipment Tracking

Real-time tracking is an integral part of this process, having so many players moving your freight effectively takes the control away from your hands. The question here is—What exactly is going wrong with your distribution, and how significant a role does real-time visibility play in this picture? In today’s fast-paced freight world, more and more…