Crucial insights for the transportation and logistics industries
While the sheer volume of data available to a company today is daunting, the first step in leveraging ‘big data’ is deciding on the problem you want to be solved, or the issues you need addressing, and then finding the proper data necessary. It’s more than just ‘look-back information’, of say how many TEUs you shipped in May from Shanghai to Dover, or Full loads to Amsterdam over the past six months, but rather pulling the data necessary to ship them cheaper, faster, or to achieve whatever metric you need to be addressed.
Despite what may seem to be an improving freight market, the need is great to monitor it almost on a daily basis. Congestion at ports, bankruptcies, acquisitions, changes within alliances and potentially new ones can all impact your freight invoice.
FLS first began operations and immediately acknowledged the importance of Data in regard to assisting your company in achieving its business objectives, whether reducing costs or improving efficiency, or increasing sales. When properly used, Data will enable management to take a gut-feel decision and quantify it, which lets them take that good idea and make it work.
FLS recommends identifying beforehand what needs to be analysed, such as buyer and seller habits, customer satisfaction (or lack of), market trends, fuel costs, rates, material costs, duty and so on.
At FLS, we have the industry, business and technical expertise needed to make sense of the data. We’ll work with our customers to articulate and advise on their strategic direction and answer business-critical questions based on the facts we see coming from the data we hold:
- What problems are you trying to resolve?
- What direction do you want to go?
- What data do you need bringing forward