This May, Security & Risk Solutions Pte Ltd (SRS) had the distinct privilege of attending the inaugural World Freight Conference organised by the World Freight Organisation (WFO).
The WFO is a network of independent and neutral freight forwarders from around the world. It aims to be an aggregator for freight-related services, connecting consumers to leading, professional and price-reliable freight forwarders.
During the 3 days conference, our SRS logistic manager met with various industry members and partners. We learnt about some of the latest trends and disruptions in the logistics scene. For instance, a greater number of business-to-business (B2B) and business-to-consumer (B2C) are demanding for same-day delivery. In order to meet their demands for fast deliveries, freight forwarders are looking into ‘super-granular address systems’.
Super-granular address systems
‘Super-granular address systems’ involves the use of alternative geo-referencing and technology. It further divides existing regions and addresses into finer coordinates. This method can provide greater details about the collection, delivery points and routes taken by freight forwarders.
For instance, delivery points which were previously uncovered by the classic address system of street, postal code, city, and country are now discoverable. As a result, customers can look forward to receiving their goods and parcels more promptly and accurately.
In the event of a catastrophe or natural disaster, freight forwarders will also be able to better avoid dangerous routes and still make safe delivery of urgent or secured logistics as soon as possible.
Similar to the security industry, the logistics industry is ever-changing. The usage of technology will only become more prevalent in order to better meet consumer demands. It was indeed a fruitful conference and we will continue to work closely with these forward-thinking freight forwarders to provide a seamless logistic experience and service to our customers.