Using the latest technology and techniques, Autonomous Freight Procurement can help shippers achieve new levels of performance and efficiency. In this article, we’ll look at how these technologies enable shippers to innovate their strategies and explore some of the ways they are already affecting the industry. Using Autonomous Freight Procurement solutions is an excellent way for shippers to innovate their supply chain strategies. The new technology can save money and help companies operate more efficiently.
Relieves Your Team of Manual Labor
Autonomous freight procurement software like Sleek Technologies automates laborious manual tasks that drag out the tendering process. For instance, autonomous software flags which lanes to tender and automatically generates an RFQ for them, saving you from manually analyzing which routes you should tender to get the best price. When you don’t have to spend time performing this manual labor, you have more time to think strategically and develop a more effective procurement plan.
Geopolitical Uncertainty
Managing autonomous freight procurement in the face of geopolitical uncertainty is a challenge. While a wide variety of factors are influencing the trade landscape, some indicators can give early warnings.
For instance, while the threat of a recession may not seem significant at first glance, it is a primary concern for more than half of transport companies. The risk of an international trade war is also top of mind.
Other factors that affect supply chains include rising tariffs and increasing political scrutiny and regulation. As such, companies must keep a close eye on the geopolitical climate and build resilience for the impacts that may yet strike.
The International Road Transport Union (IRU) recently conducted a study on the impact of geopolitical risk. This survey surveyed 450 transport companies. The study found that the most critical risk for transportation is geopolitical uncertainty, but the risk of a recession is the second most important.
Ports’ Active Role in Ensuring Smooth Trucking-Traffic Flows
Increasingly, ports are taking an active role in maintaining smooth trucking-traffic flows. They are using technology and human collaboration to improve the efficiency of their operations. These advances will also help them to avoid unplanned downtime and make more intelligent decisions. In addition, these changes will have benefits for the customer and supply chain.
Ports need to make more innovative investments and use the instruments at their disposal to manage operations effectively. This requires a strategic approach and collaboration with all stakeholders. Ports should also understand their business strategy and embrace new technologies to help them achieve this goal. The development of these technologies will also link the port ecosystem to the rest of the world’s supply chain.
Ports can use artificial intelligence (AI) to track maintenance on ships, create a safer working environment, and analyze data to make more informed decisions. In addition, technology can improve inventory management and warehouse logistics.
