Evolution of TMS Expectations in the Changing Landscape of Freight Forwarding
In the dynamic world of freight forwarding, the past five years have witnessed a rapid transformation in the expectations surrounding Transportation Management Systems (TMS). As the industry landscape evolves, the role of TMS providers has also shifted significantly, catering to emerging needs and demands that were previously unheard of.
I. The Foundation of Traditional TMS Expectations: Laying the Groundwork
Not too long ago, the primary focus of freight forwarders when evaluating a TMS centered around its core functionalities. Modules for managing sales, operations, and finance formed the bedrock of TMS requirements. Back then, third-party platforms like INTTRA and electronic airwaybill platforms such as Traxon CargoHUB were the only options available. The seamless integration with these platforms was not just a convenience but a necessity, as forwarders sought efficient ways to bridge the gap between different systems and streamline operations.
II. Navigating the Shifting Landscape: A Digital Revolution Unfolds
The landscape shifted when the global pandemic reshaped work environments and priorities. Remote work became a necessity, driving the demand for cloud-based TMS solutions that facilitated seamless operations from various locations. This marked a significant turning point, emphasizing the need for adaptable and accessible tools that could keep the industry operational during unprecedented times. The digital revolution propelled TMS providers to rethink the way their systems functioned, making remote accessibility and reliability top priorities.
III. The Rise of Integration: Unlocking Efficiency and Collaboration
As the industry navigated through the challenges posed by the pandemic, a wave of change swept across the freight forwarding arena. Third-party platforms gained immense popularity, offering functions like pricing and booking. Forwarders increasingly sought out TMS providers to integrate their systems with these platforms, eliminating the need for redundant data entry and enhancing overall efficiency. This era of integration not only streamlined processes but also fostered a new level of collaboration among industry players.
IV. Embracing Regulatory Dynamics: Compliance in a Changing World
The regulatory landscape also underwent significant shifts. The governments of various countries introduced new compliance requirements, such as electronic invoicing and manifest submissions. TMS providers had to respond by equipping their platforms to generate and submit electronic invoices and manifests, ensuring compliance with evolving regulations. This added layer of functionality showcased the adaptability of TMS to changing industry norms and regulations.