The modern-day supply chain looks vastly different than it did a decade or two ago, thanks to the changes brought about by the digital freight network. In the simplest of terms, this modern network is an expansive and fully connected system that uses automation, technology, machine learning, virtual tools, data analysis, and other software. The goal of the modern digital fright network is to efficiently connect shippers and carriers to meet the ever-changing wants and needs of consumers today. Freight management is essential to the operation of an efficient freight network.
Where Traditional Freight Management Falls Short
The digital freight network has made it possible to overcome a fundamental problem with traditional methodology.
According to Convoy, around 35% of the total miles driven on any given run are empty. At the same time, drivers can spend hours waiting at docks and delivery destinations due to poor appointment scheduling. This waste drives costs higher for carriers, which means the added expenses get passed onto the shippers and, ultimately, to the consumer.
Of all the problems in trucking, poor scheduling and route management remains one of the biggest problems that traditional freight management can cause. Making the shift to digital freight network designs and implementations can save time and money from end-to-end.
It can also go a long way to fix the problems traditional methods can cause with freight market volatility.
Benefits of a Digital Freight Network and its Impact on the Modern-Day Supply Chain
What Does a Digital Freight Network Include
The digital network enables logistics managers and drivers to meet the growing needs and demands of an e-commerce driven freight market.
Establish Strong Digital Networks With the Right Automation and Capabilities in Your TMS
Many shippers and carriers are slow to embrace modern processes of the digital freight network, clinging instead to traditional methods. Such reluctancy can lead to several shortcomings, the most damaging being the inability to use real-time data tracking and analysis. Growth and survival in today’s competitive market require the complete onboarding of new and innovative processes within the supply chain network. Building a solid network that takes full advantage of today’s tools and technology requires a TMS setup focused on digital techniques and innovations.