With the current pandemic revealing the vulnerability of global supply chains, adopting a solution that allows for real-time container tracking is more important than ever. Investing in automated monitoring systems to track where your containers are at all times has become just as crucial as shipping them.
It was discovered that organisations with more visibility and better tools performed far better. They knew where their suppliers were. They were aware of the whereabouts of their goods. They were aware when products were turned back at the border and placed in storage. Because they had access to real-time data that indicated that something was wrong. They might then get to work on the solutions.
The key to avoiding catastrophic supply chain disruptions is visibility. With technology at our fingertips, we can now trace the exact location of all of your containers as they are updated. Container tracking is a must-have that can’t be overlooked.
COVID-19’s Undeniable Impact on Container Tracking
The pandemic has had a significant impact on worldwide trade, forcing logistics firms to dramatically reduce their operations. As a result, the container transport business has been operating at a slower rate. According to Alphaliner, trade activities have been hampered due to a 30 percent to 60 percent reduction in outbound shipping capacity on marine routes between Asia and Europe.
In the first half of 2020, strict government policies that slashed labour and closed warehouses caused major congestion at ports. Lockdowns have had a negative influence on demand and supply, as well as port operational capacity.
The shipping industry is intertwined with global manufacturing and frequently finds itself at the forefront of any economic downturn. The misplacement of containers or cargo not being picked up from ports is a big issue that freight operators must deal with.
This situation highlighted the importance of real-time cargo tracking technologies, accelerating the development of container tracking systems. Due to undetectable disturbances and disrupted information flows, decision-making at all levels of the supply chain was hampered, resulting in thousands of shipments being stuck at sea.
Logistics managers used to track containers by verifying them at each stage through traditional communication. While some ports are moving toward smart port development, many others are still relying on paper-based transactions and personal contacts.
Location Tracking Comes to the Rescue
Companies are deploying container monitoring solutions that can track end-to-end shipments to tackle the issues encountered by industry in the post-COVID world. These tracking systems will interact in real time with the freight ships, providing updates on any delays or rerouting.
Digital transformation projects that allow self-service transactions and track charter services and cargo shipments via a common dashboard are becoming increasingly popular as freight operations rise in number. For example, a logistics firm based in the United Kingdom, has developed an online dashboard that allows consumers to watch and book shipments in real time while simultaneously comparing carrier pricing. Container monitoring solutions also enable the automatic updating of invoicing compliance documentation, reducing the risk of expired licences.
Advanced machine learning analysis could identify the most cost-effective routes and ports, while radio frequency identification could ensure efficient shipment tracking. In the post-COVID world, more digital automation technologies could provide end-to-end visibility and streamline operations across the supply chain, with more digital automation technologies providing end-to-end visibility and streamlining operations across the supply chain. Real-time tracking would not only improve transparency, but it would also necessitate a connected platform environment.
The Increasing Global Popularity of Container Tracking Solutions
Major container shipping companies are all in rapid discussions with start-ups that provide container tracking services. For example, Internet of Things (IoT) company Loginno, based in Israel, has launched a new service aiming to improve detection of containers fitted with its ‘smart’ technologies when lost at sea.
The use of IoT technology to track freight with real-time information is becoming more common, since it not only allows organisations to collect relevant information from anywhere in the globe, but it also allows them to enhance operations, reduce accidents, and increase reliability. Tracking your location IoT technology has the potential to enhance container utilisation by 25% while simultaneously lowering annual container spending by $13 billion.
Loginno is equipped with cutting-edge digital automation technologies that may help you optimise processes, gain complete end-to-end visibility, and save costs across your supply chain network. Please contact us for additional information.