In the modern days, as the world shrinks into the palm of our hands, the importance of freight expands. With this background, freight management proves indispensable for many companies across the globe. An effective freight management system provides companies several shipping benefits and reduces delays for consumers. As freight management can save lots of money by investing in the appropriate logistics software package and implementing great strategies, it is vital to be aware of the trends and challenges in the field of freight management.
A significant trend in freight management is the single window usage into logistics and operations. It is an essential development in the field, as an integration of platform will minimize the problems by means of analytics, and could be used to improve operations with new insights. Another important trend in the top of freight management field is the crowdsourcing of last-mile logistics. This development effectively gives access to private fleets and individual drivers, avoiding the strain caused by driver shortage and capacity crunch. Further, one of the most exciting developments in freight management is the blockchain technology. This dramatically increases the trust between companies as it streamlines payment processing and reduces compatibility issues within systems.
When the discussed trends serve to picture the tip of an iceberg of freight management, there is still an ocean of new solutions available in the market. As companies might get lost in the array of solutions, our distinguished panel, comprising key decision-makers and experts along with Logistics Tech Outlook editorial board, has shortlisted some of the most effective freight management solution providers.
We present to you Logistics Tech Outlook’s Top 10 Freight Management Companies - 2020