According to estimates, the international shipping industry transports some 90% of global trade. With economies opening up more, there is a boom in shipping. Companies are now transporting everything under the sun from the places of manufacture to where they will be consumed, sometimes, thousands of miles away. The pandemic-induced supply chain volatility has increased the importance of tracking cargo, according to Forbes.
Given the dependence, consumers have on goods from all over the world, it is evident that businesses need to deploy efficient logistics solutions with technology aimed at improving the client experience. Cargo tracking technology and services are among the most important for businesses wanting to stay ahead of the curve in global competitiveness. Businesses need to make available their goods efficiently, quickly, and on time. They can then capture the maximum market share, lower their inventories, and reduce their costs. One of the main tools in increasing the efficiency of the logistics chain is a cargo tracking system. Cargo tracking tools allow the business and the customer to track the shipment and make their plans accordingly.
Top Benefits of Cargo Tracking
By employing cargo tracking technology, businesses can know the status of their shipment. They can keep their customers informed so they can plan appropriately. By using a track and trace technology, shippers can also devise alternate ways of meeting customer demand if there is an inordinate delay of the shipment due to unforeseen situations. Because of its critical nature, cargo tracking is now considered essential for smooth supply chain management. Some of the top benefits of tracking cargo include:
By tracking freight movement, the shipping company can coordinate better with carriers, and businesses can keep their customers informed so that they can make appropriate arrangements in time instead of being taken by surprise at the last moment. Moreover, with alliance cargo tracking, shipping companies can know the cargo status and arrange for rerouting, if required. It will ensure that the shipment arrives at its destination with the least delay, saving money for everyone down the line.
Improved Supply Chain Management
Since by using the tracking tool, all the parties involved can update themselves on the cargo status, they can improve their supply chain management. If delays happen due to reasons like weather conditions, political disturbances, labor strife, etc., everyone can plan to minimize the impact.
Improved Customer Experience
With supply chains spreading all over the globe, businesses rely on tracking the movement of raw materials, components, and finished goods to tailor customer expectations. Getting the cargo on time is an important element of the overall customer experience. Cargo tracking technology empowers everyone involved to know the updated status of the shipment and improve their satisfaction levels. End-users get more peace of mind by getting to know the shipment tracking details.
A remarkably simple technology solution, cargo tracking has multiple benefits for all participants of the supply chain. By getting to know the status of the cargo movement, they can plan appropriately and use their resources more efficiently and improve bottom lines and customer satisfaction both.