ACU OCT- 4th Draft

FEATURE
LogitaaS:
Empowering freight forwarders
with cutting edge technology
As the race for increasing competitiveness using more advanced
technology became fierce, companies are now realizing that cuttingedge
software is becoming more of a necessity than a luxury
he term 'cloud' is a word we
Thave all heard before and is
also the one technology that
will set a trend in the cargo industry in
the years to come.
The dawn of freight management
software programs have truly given
businesses an upper hand in
controlling their supply chains and
ensuring that shipping and receiving
of freight were as efficient as
possible, giving them the ability to
provide customers with the best
possible service.
Combining that with the benefits of
cloud-based computing and data
management can lead to a powerful
business tool that provides for
greater success and growth.
According to the latest survey from
'Logistics Management Technology'
u s a g e s t u d y, 1 8 p e r c e n t o f
responding logistics professionals
says they have already adopted
cloud-based solutions, 37 percent
are evaluating them, 13 percent
actually do not see cloud-based
solutions as an option, and another
26 percent say they not are sure of
their company's interest in cloud
computing.
The report “Freight Management
System Market by Solution (Freight
Tracking & Monitoring, Cargo
Routing & Scheduling, Security, EDI,
TMS, Order Management), End-user
(3PLs, Forwarders, Brokers, Shippers),
Transportation Mode, and Region -
Global Forecast to 2023,” predicts the
cloud software market size to grow
from US$10.76 billion in 2018 to
$ 1 7 . 4 5 b i l l i o n b y 2 0 2 3 , a t a
Compound Annual Growth Rate
(CAGR) of 10.1% during the forecast
period.
Some of the factors expected to
drive the growth of the freight
management system market include
the need to reduce the transit time,
desire for supply chain visibility,
higher customer satisfaction, and the