Because of the coronavirus, we now face the biggest challenge in living memory to continue a business and coordinate it. This is a challenge for any organisation, but it may be particularly challenging for industries with global supply chains and a large network of partners. So when everybody across the supply chain works remotely - how can you coordinate it?
This is actually exactly why we built Timber Exchange, out of frustration due to the lack of overview of the supply chain, lack of efficiency of emails, and lack of automated processes.
It was built to offer virtual supply-chain collaboration and automation for large organisations and their network so all could keep up to date from the office, at home, and during travel, and remove risk should anybody quit or become ill.
During these times, it is especially important to oversee progress, obligations, and deviations; find the most affordable freight, and start a new business. For this purpose and in this traditional industry, one of the possible risks also includes documentation which is one of the main instruments to receive payments and cargo.
As the industry is based on international trade, it requires multiple institutions and authorities to function on both the exporting and importing sides. As the COVID-19 situation is very fluid, it is a real possibility that business can go from slow to catastrophic - should Chambers of Commerce, Post, Courier, Boards of Agriculture, and Banks stop operating physically or face heavy delays.
Scenario 1 :
Chambers of commerce or Banks stop accepting physical visits to stamp and hand over physical documentation.
Scenario 2 :
Domestic Post or Couriers are non-operational on some routes, face heavy delays, or lose the documentation, meanwhile, cargo is near ETA or counting at port storage and demurrage in POD.
Electronic documentation, integration, and automation reduce these risks significantly whilst improving performance, visibility, transparency, compliance, and efficiency.