Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 8 January 2018, 17:00 HKT/SGT
Share:
    

Source: Quotiss
Quotiss.com is on the mission to help traditional freight forwarders become digital

HONG KONG, Jan 8, 2018 - (Media OutReach) - The freight industry is one of the largest and most important industries in the world. With 150 million containers shipped annually around the globe, it acts as the life blood circulation for the economy. But despite the industry's size and importance, the commercial aspect of this business still runs in traditional ways - offline and manual.

There are many startups who try to revolutionize 'ancient' industry. Business models like 'freight marketplace' and 'digital freight forwarder' are funded with millions of dollars. Question is, will freight forwarders be replaced with online services in the near time?

Comparing forwarding business with other industries, which have recently been 'uberized' or digitized, its worth to mention that forwarding is much more complex than hotel booking or an airline ticket purchasing process. Imagine if every hotel would also be in charge of arranging visas, passing through immigration control, security check and a taxi ride for each tourist globally - would it still be so easy to book a hotel online with a couple of clicks?

Nevertheless, the technology which helps streamline complex logistics processes is already here: electronic communication, big data analysis, transport management systems, etc.

Early adopters are already enjoying the benefits: becoming faster, more flexible and cost-efficient. There is a visible pressure from the digitized forwarders towards their traditional competitors.

It's becoming obvious, that a "regular" forwarder will soon need to find ways to be on par with the digital world.

Container shipping is one of the least digitized segments of all transport services. Managing sea freight contracts is a well known technical challenge, which keeps some freight forwarders stuck in the pre-technological era.

Marcin Zarzecki, CEO of Quotiss says:
"Complex rate contracts, massive spreadsheets, hundreds of emails and PDFs bring frustration to industry players, consume massive resources and destroys business efficiency. No one has found a sustainable solution. Until Quotiss."

Quotiss has united a team of industry professionals and became a successful startup supported by Techstars Ventures and Google for Entrepreneurs. They managed to solve the problem of complex rate sheets and decode the rates. A smart algorithm, which translates the longest contracts into a simple one-liner, has become the backbone of the Quotiss software.

Once the carriers' contracts are simplified and uploaded into the system, the quoting process becomes fully automated. With all the freight rates, local charges and quotes being stored on one platform, freight forwarders can have full transparency into their commercial activities: rates procurement, profitability, the efficiency of sales teams. All data is stored in one place, no more searching through multiple folders and emails.

"Modern technology used to be available only for the big players with massive resources. But this is changing. Medium and small-sized forwarders start adopting instruments like Quotiss.com and, thus, learn to compete with efficiency and not just the rate," says Eugene Reznikov, Quotiss Hong Kong.

Contact for Media:
Eugene Reznikov
e.reznikov@quotiss.com
+852 94402500


Jan 8, 2018 17:00 HKT/SGT
Topic: Press release summary

http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Multimedia
View Image
 

Latest Press Releases
NEC Concludes 5th Multi-Vendor Wireless Transport SDN Proof of Concept with the Open Networking Foundation and ONAP  
Jan 22, 2019 17:18 HKT/SGT
NEC: Adoption of "Inter-AI Cooperative Fundamental Technology" in NEDO Business  
Jan 22, 2019 17:08 HKT/SGT
Eisai Listed as a Global 100 Most Sustainable Corporation for the Fourth Time  
Jan 22, 2019 16:54 HKT/SGT
Fujitsu Develops AI Technology to Determine the Necessity of Cyberattack Responses  
Jan 22, 2019 16:42 HKT/SGT
Toyota and Panasonic Agree to Establish Joint Venture Related to Automotive Prismatic Batteries  
Jan 22, 2019 16:31 HKT/SGT
WARC Media Awards 2018: Effective Use of Tech winners announced  
Jan 22, 2019 16:30 HKT/SGT
Sanli has secured S$51.5 million worth of contracts from the Public Utilities Board (PUB)   
Jan 22, 2019 13:00 HKT/SGT
Ansaldo STS to Become Fully Owned by Hitachi and Delisted  
Jan 22, 2019 12:49 HKT/SGT
Fujitsu Launches 11 New Enterprise PC Models, Including Educational Tablet with Improved Ease of Use  
Jan 22, 2019 10:54 HKT/SGT
Fujitsu Group Earns Top Rating in CDP Climate Change Evaluation for Second Year Running  
Jan 22, 2019 10:42 HKT/SGT
More Press release >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: