We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
Home » Technology promotes transparency in transportation, shipping

Technology promotes transparency in transportation, shipping

Transportation management systems play a critical role in increasing shipping transparency, improving risk mitigation, automating cost management, and more, study shows.

Study underscores value of TMS
August 27, 2020
DC Velocity Staff and Supply Chain Quarterly Staff
No Comments

Transportation management systems (TMS) are vital to navigating the challenges of a changing economy—especially as the Covid-19 pandemic continues to alter the business and logistics landscape, according to a recent study from logistics services provider Odyssey Logistics & Technology Corp.

Odyssey’s survey of more than 350 shippers revealed the critical role cloud-based TMS solutions play in improving transparency and communication among shippers, their customers, and carriers. The researchers said TMS solutions have helped shippers increase shipping transparency, improve risk mitigation, automate cost management, close the customer communication gap, and maintain remote work capabilities—during and after the pandemic.

They said improved communication is among the greatest of those advantages.

“It’s critical for logistics professionals to maintain continual communication with customers, yet it’s also the leading cause of disruptions to logistics operations,” Albert Lee, Odyssey’s chief technology officer said in a statement announcing the findings. “Our research indicates that customer communication is the one activity that consumes the most time for planners and a centralized, automated TMS can reduce this stress and labor.” 

The research anticipates that shippers will spend an average of $60 million on domestic freight in 2020, underscoring the need for a technology system that can help manage and streamline the transportation process. With so much on the line, respondents said that accessing shipment status information (81%) and transportation cost analysis by lane and mode (70%) were highly important for their shipping operations. They said their top challenges are visibility, track, and trace (42%) and communication with customers and carriers (37%). 

Other survey findings include: 

  • Nearly two-thirds of respondents (65%) said having cloud-based access to shipping operations is either critically important or very important considering the effects of Covid-19 on logistics operations and office support. 

  • Nearly two-thirds of respondents (63%) currently use a TMS, are in the process of implementing a TMS, or are evaluating or planning to implement TMS within the next 24 months. 

  • The top two drivers for using or planning to use a TMS were cost management (68%) and track and trace (61%) capabilities. 

  • As the pandemic continues, more than half of respondents (56%) said they were very likely or somewhat likely to reassess the integration of a cloud-based TMS.

Logistics Services Technology
  • Related Articles

    Sponsored By
    JLL

    Logistics 2030 – Navigating a Disruptive Decade (Year 2 Report)

    Gebrüder Weiss Selects BluJay’s LSP Platform to Deliver Enhanced Customer Experience

    LMI: Logistics industry continues swift recovery

  • Related Events

    Securing Capacity in Real-Time: Spot Pricing vs Dynamic Pricing

Recent Articles by DC Velocity Staff

Report: Global TMS revenues to nearly double by 2025

Buyers could target warehousing and fulfillment operations in 2021, investment bank says

Report tracks rise in cargo theft from storage facilities

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • The 3PL industry: time to reset

  • Resiliency starts with supplier mapping

  • Freight market growth expected to slow in 2021

  • COVID-19 and the health care supply chain: impacts and lessons learned

  • Retailers designing stores to support inventory and logistics work, not just shopping

Featured Video

6cabd6ef 64df 4460 bb11 e90c2bdea0a5

Identifying Intralogistics Solutions to Fit Your Operation: LinkedIn Live Ep. 4

Viewer Contributed
As technology evolves, the advantages of using semi- and fully automated solutions to increase productivity and address labor shortages are clear. However, before an organization jumps fully into automation, optimization is a key step that must happen first. Intralogistics solutions, such as Raymond’s iWAREHOUSE and...

FEATURED WHITE PAPERS

  • Using innovation to manage peak seasonal demand

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

  • Shaping Up Last Mile Delivery to Surpass Customer Expectations

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing