Major Challenges Associated with Ocean Freight Tracking
Increased visibility has always been a topic of immense importance for shippers nonvessel-owning common carriers freight forwarders, manufacturers and suppliers
Over the past 10 years, technologies have progressed like never before resulting in end-to-end transparency for over-the-road transport. All this is important because even the slightest failure in ocean freight management has a compounding effect on the entire supply chain.
Be it Mundhra CFS container tracking or MICT container tracking, increased visibility does much more than just providing shippers and supply chain partners with peace of mind. Increased visibility has a real effect on:
- The rate of additional charges
- Demurrage fees
- Compliance violations
- Auditing issues.
To justify the investment into the new-age visibility technologies for Mundhra CFS container tracking and MICT container tracking, supply chain partners need to comprehend all the challenges and advantages associated with it.
Some of the most crucial things to be considered are:
- The state of ocean freight visibility and how any lack in the system can result in more expenses
- The advantages of increased international ocean freight visibility
- Advanced functional data-driven measures affecting the supply chain efficiency.
In the past 10 years, global ocean freight shipping has witnessed a whole new pressure caused by the ever-growing demands placed on the industry because of the globalization of supply chains, e-commerce, as well as other internet-powered businesses. In the United States of America, water logistics costs have risen to 45.7 billion USD in 2019, and soon the costs are going to surpass them by the end of 2021.
The challenges associated with ocean freight shipping and traceability can be understood from the following facts:
- Higher logistics costs are not the outcome of only poor ocean freight visibility
- Even littler failures within visibility can cause demurrage fees and a large number of other issues with port schedules
- Shippers also need to understand that the assumption that all ocean carriers are ideal sources for data is not true.
Be it Mundhra CFS container tracking or MICT container tracking, the capability to achieve end-to-end visibility in ocean freight tracking is considered to be a great advantage. In contemporary times, the value of data starts declining very quickly. Shipping companies need real-time data to react to immediate changes within a particular ocean container schedule depending upon the type of stakeholders including:
- Beneficial cargo owners (BCOs)
- Freight forwarders
- Software companies, and
- Ocean freight tracking provider’s capabilities.
NICDC Logistics Data Services (NLDS), formerly DMICDC Logistics Data Services (DLDS) deployment of Logistics Databank System (LDB) has emerged as one of the best container tracking for ocean freight tracking and rail/road tracking. Today, be it Mundhra CFS container tracking or MICT container tracking, LDB is the first choice of all shipping companies because LDB performs a large number of tasks other than tracking the containers.
The system has enabled quick decision-making while improving competitiveness in the logistics as well as manufacturing industries across the country. The system has also provided better governance and complete transparency and visibility services for performance evaluation of ports, Inland Container Depots (ICDs), Container Freight Stations (CFSs), and supply chain industry.