From the pages of CargoTalk: Industry needs to work on upfront payments for financial security: Ashish Asaf

According to Ashish Asaf, MD & CEO, SA Consultants & Forwarders, “The Indian logistics industry has been used to credit risks over the past few decades. The logistics sector has realised the need of liquidity and cash flows during the COVID-19 crisis. The industry stakeholders should ensure that there is uniformity in offering planned credits to customers or work on upfront payments for financial security to the players.”
“Another important aspect is the need of digital mode of working. Digitisation would help not only the financial part, but also the freight forwarding tasks. Also, if companies have digital ERP systems, they can keep a daily track of their work, ensure employees are sincerely engaged in their duties and also interact with the team regularly,” he adds.