The global digital freight forwarding market is projected to reach $22.92 billion in 2030, registering a CAGR of 23.1% as per Allied Market Research. Factors such as expansion of the e-commerce industry and rise in free trade agreements are giving impetus to this industry.
Freight forwarders have access to a wealth of data, including information about shipments, transport routes, customs requirements, and more, which the carriers often lack. Yet, forwarders are currently struggling to communicate and connect with their partners. The lack of interoperability between systems and inconsistency in data quality and standards is a real challenge for the industry.
To address these challenges, freight forwarders are partnering with technology companies to develop customized TMS solutions that meet their specific needs while also enabling seamless communication and data exchange with their partners.
Digitization in freight forwarding involves automating and streamlining the processes in transportation and delivery of goods. The shippers can book their shipments online, eliminating the need for manual booking processes, speeding up the process, reduce errors, and provide real-time tracking and visibility.
As seen during the recent crisis, digital tools can avoid complete business setback for MSMEs. Many small businesses, which illustrated their willingness and ability to alter their business survived while others perished.
With Aurobees, SMEs can streamline processes, reducing the time and resources needed to manage freight forwarding. This can result in cost savings for SMEs, who may not have large budgets for shipping. By using our platform, SMEs can automate many manual processes, reducing errors and improving accuracy increasing the efficiency of the supply chain.
Aurobees provides greater visibility into the supply chain, enabling SMEs to track shipments and manage inventory more effectively helping to reduce the risk of delays or disruptions. They can provide real-time updates to customers, improving communication and building stronger relationships.
With our platform, SMEs can foray into new markets by providing access to new shipping routes and logistics providers, increasing sales and grow the business. In order to reduce the time and resources required, Aurobees helps in automating the creation and management of shipping documents, such as bills of lading, commercial invoices, and customs declarations.
For SMEs, digitization can provide real-time tracking and visibility of shipments, allowing shippers to monitor the status of their shipments at all times. It can facilitate compliance with customs regulations by providing automated screening, classification, and declaration processes, resulting in the reduction of delays, fines, and penalties.
Moreover, an SME can also receive valuable insights into shipping data, allowing shippers to optimize their transportation routes, modes of transport, and inventory management.
Overall, digitization in freight forwarding can provide numerous benefits to shippers, including increased efficiency, transparency, compliance, and data analysis. Hence, providing a competitive advantage in the global marketplace.