Trends in logistics

Wednesday, May 1, 2019

In this text we share two important trends in the logistics industry so that the processes and operations of the company flow optimally.

A) Choose wisely a freight bill processor 

A freight bill, which is also known as a bill of lading, is a legal contract between the shipper and the shipper. The freight bill includes the necessary details of the transaction and is generally signed by the shipper and the shipper. The accounting staff uses it as supporting documentation to justify the billing to the sender or receiver, according to the terms of the contract, for the successful delivery of the goods.

When selecting a freight bill processor, you should look for the best suppliers in your class that:

  • Never mix client funds with your own operating cash.
  • Will not use the client’s funds for any purpose other than paying the carriers.
  • Have your financial statements audited annually by an accredited public accounting firm.
  • Confirm the strength of your internal controls by having a Declaration on the Standards for the Commitments of and International Standard on Guarantee Commitments made annually and shares the reports of your auditors with potential clients.
  • Have no or minimal debt.

In addition, shippers should ask their carriers about freight payment providers that make payments. Carriers can identify those who make payments according to the instructions of the sender and those who do not.

Carriers are also a good source of information about the quality of the supplier’s audit and how well the provider responds to their questions.

B) Robots in logistics

As technology progresses, the number of storage and logistics companies that are incorporating robots to remain competitive in a market driven largely by consumers who demand rapid fulfillment of their orders or requests also advances.

The demand for robots and the supply of advanced robotic solutions to optimize logistics processes, combined with labor shortages, have reached the point where the world could now reach the widespread adoption of robots in warehouses and logistics operations to help and displace human workers.

World shipments of storage and logistics robots are forecast to grow rapidly over the next five years, from 194,000 units that were 2018 to 938,000 units annually by 2022, with a slowdown in the growth rate after 2021, since many of the main actors will have adopted robotic systems by then. Global revenues for this category will increase from $ 8.3 billion in 2018 to $ 30.8 billion in 2022, providing significant opportunities for established entrants and emerging players.

Companies must move along with the market in order to keep operating optimally and be competitive. Supply chains are being transformed as companies replace fixed infrastructure and obsolete processes with flexible and scalable robotic solutions to meet the demands of the consumer, and of the international trade industry in general.

Each part of the supply chain in foreign trade, from transportation processes and all its administration, to storage and delivery to the customer, is important and relevant. The correct billing, payments to suppliers, innovation in deliveries with robots, etc., all add up not only to improve processes but also for the satisfaction of customers and suppliers as well as the generation of long-term relationships.

In DICEX we seek that each relationship be strategic and of mutual benefits that generate success and continuous professional growth. The changing technology is a challeng, however companies adopt it to ensure they do not fall behind. We have 6 business units and one of them is consulting with which we ensure that the necessary advice is offered so that all our strategic partners are successful.