The benefits of the multimodal logistics e-Marketplace are far-reaching and have an impact on a whole host of business functions and stakeholders, such as – service providers, service receivers and government entities.
The entire platform allows for paperless processing. There is an electronic contract exchange with digital signatures. Sharing of scanned documents is available. Regulatory Compliance is one of the crucial benefits that allows for integration with Customs digital system for manifest filling. Getting approvals and required permits from other government agencies are a breeze on the platform. Track & Trace, eDocket, connectivity (with Single Window, Customs, e-Certification authorities) are other core functionalities.
A Multimodal Logistics e-Marketplace enables effective communication between entities through a direct channel as against a network of middlemen. The subsequent benefits of such a Logistics e-Marketplace include increased transparency of industry processes, fair pricing, swifter assignment and dispatch of goods, and the creation of trust among the various stakeholders of the industry. An e-Marketplace provides first and last mile connectivity to farmers, MSME and small business enterprises. It would also enable back-to-back service requests (e.g. Forwarder seeking rates from Transporter, Airline, Ocean Liner, Warehouse Provider, Packaging Provider etc. Each provider would have access to a huge market of other service providers as well. Thus, the Multimodal Logistics e-Marketplace enables all stakeholders to interact with each other without disrupting the existing business models.
The benefits of the Multimodal Logistics e-Marketplace are manifold, and for each of the key stakeholders, such as: