This year remains a challenge for the supply chain. Labor shortages and carrier capacity are ongoing issues, and lane restrictions and rates continue to steadily increase with no end in sight. According to The Washington Post, fallout from the COVID-19 pandemic exacerbated increases in freight bills and delivery delays throughout 2021.
But the publication explains that the pandemic only exposed existing critical issues within the supply chain. Driver shortages have been around for years but add in fewer workers at ports and warehouses and the issue is compounded. Inefficiencies also remained with many shippers still utilizing dated methods to secure carrier rates and book shipments.
Proactive Digital Approach
Unfortunately, many industry officials say that the strained supply chain will only get worse before it gets better. But being reactive to these situations is an inefficient and costly way to run your shipping business. Instead of focusing on things outside of your control, shift your sights to what you CAN manage to help your business be more efficient and more profitable. To prepare for potential disruptions, technology can help you be more proactive by creating efficiencies, adding automating processes, and building a database of information.
A technology partner that is constantly innovating to evolve with the industry will help you build efficiencies during this challenging time. And one that supports your needs across multiple channels can prove invaluable when it comes to managing your freight spend and soft costs associated with your logistics needs. It’s time to embrace technology now, not only to navigate supply chain challenges, but to help leverage relationships with your carrier partners through systematic transparency and visibility.
Partnering with a technology resource who can help with all modes -- LTL, TL, parcel, and final mile -- is key to remaining proactive. Find a company that offers a collaborative approach and can assist you with planning for disruptions within the supply chain. An effective technology partner is equipped to create affordable, customized, and easy-to-implement solutions that address any gaps in your processes and help your business grow.
Did You Know?
Banyan is the top-performing API platform with nearly three times as many carrier connections as any other provider in the OTR transportation and freight management industry. We recently added the QuickShip™ feature to our LIVE Connect™ platform that will positively impact your bottom line. This new tool was designed as another way to save Shippers and 3PLs time and money by creating efficiencies in your shipping operations.
QuickShip™ streamlines data entry in as few as five points expediting the process you utilize to drive a rate and book a transaction. This new tool also gives Shippers and 3PLs the ability to set inbound and outbound shipping rates through your own contracted carriers -- resulting in significant cost savings. Clients who worked with Banyan during the beta testing of this product experienced a savings of greater than 10% using this tool.
Contact Banyan Technology today to learn more about how Banyan’s LIVE Connect™ platform can help you prepare for challenges within the supply chain.