We live in a world that is digitally connected and digitally enhanced, so it makes sense that this would also apply to the logistics industry. Despite the growing presence of digitalisation, it is not quite commonplace yet and many shippers, carriers and retailers are struggling to make data-driven decisions as aggregating data from many disparate sources has been challenging.
At the current pace, transportation freight emissions will more than double by 2050 if we do not take a stand to drive green business practices. Transporeon research revealed that empty runs, idle capacity, waiting times and inefficient planning and execution make up approximately 30% of all waste in global transportation processes. When we look at the European FTL market, this means around €60bn p.a. is wasted – and this is before considering damage caused by high CO2 emissions.
But for every problem there is always a solution. Or in this case, a two-pronged solution: Once embedded into your transport management platform, real-time visibility (RTV) can turbo boost processes by providing the access to the right data, at the right time, and to the right people. Knowledge is power, so not only do you have full insight into what’s going on, you have the power to action these insights to transform your operations.