GCTL8.com (FocusAsia Media Ltd)

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LONDON, Feb 1 (FAM) – Wide market price variations indicate that forwarders and shippers do not know what they should be paying and it is time for freight buyers to reassess the role of data and transparency can play in updating their once-successful business models, according to the CEO of freight digitalisation specialist Freightos Zvi Scheiber.

The lack of data transparency within the logistics industry meant the freight market was not functioning efficiently, he said, adding that: “The hallmark of a functioning market is information flow, empowering buyers with the knowledge to make a smart choice while enabling sellers to selectively differentiate and compete. But data transparency within the logistics industry is lacking at best.

 

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