The digital transformation that is currently sweeping the globe has altered daily operations for innumerable enterprises across industries. Artificial intelligence (AI) and automation are two examples of recent technological developments that are assisting businesses in operating more efficiently, generating income, and potentially even improving the world. Yet how?
Companies of all sizes have long understood the essential benefit of environmental, social, and governance (ESG) programs for retaining customers and running efficient business operations. Sustainable business practices could promote corporate survival and keep customers coming back.
A company’s sustainable activities should ideally be genuine and ecologically conscious rather than motivated by the desire to boost revenues. The increasingly knowledgeable customers of today are willing to pay a little more on sustainable goods and brands and use their purchasing power to support businesses that care about the environment. Forward-thinking businesses can uphold transparency by making their sustainability plans and goals public, as well as by soliciting client input.
How can your company make the shift to sustainability?
The transition to a more sustainable economy will take time. The transition should begin by implementing small technologies in specific areas of their process flows. Then, concentrate on developing smart technologies such as information technology, data and communication infrastructure.
Manual data entry and the impact that it could have on sustainability
The manufacturing of paper, printing, and shipping are few of the manual data entry steps that contribute to carbon dioxide emissions. In fact, the transportation sector accounts for a staggering 32% of carbon emissions in the United States. The transportation sector deals with thousands of invoices and documents on a daily basis. This contributes to making the pulp and paper industry one of the greatest energy consumers and greenhouse gas emitters in the world.
Standardizing freight data exchange methods could allow data from one source to be easily consumed by one or many, resulting in less time spent on manual entries. These detrimental environmental effects may be reduced with the switch to an electronic data supply. The quantity of greenhouse gasses produced by this process can be decreased by automating data entry.
How can data entry automation help?
Globally, the transportation sector makes a considerable contribution to GHG (Greenhouse gas) emissions; in the US, it makes up the majority of emissions (27%). The opportunity for businesses to lessen environmental effects in logistics is significant given that the majority of transportation fuel is derived from petroleum and is used to power vehicles, ships, planes, and other forms of transportation.
Process mining will probably be where businesses begin their automation journeys. Process mining uses software to collect information about what is happening in a process (and when), after which the information is transformed into visual workflows. From there, businesses can accurately see where waste can be cut out and where there are bottlenecks that may be optimized.
Businesses can reduce carbon footprint by;
- Decreasing computing energy
- Reducing unnecessary printing to conserve paper
- Supply chain processes being automated and made more efficient
- Digitizing purchase orders and invoice processes
Data entry automation has both a direct and an indirect impact on becoming more sustainable. For example, the direct impact of manually entering customs documents increases the use of paper which will eventually cause pollution and have an impact on the carbon footprint. Furthermore, manual data entry may cause truckers to waste fuel by not having the required detailed information such as pickup location & contact details.
Why AI is more responsible in operations in the supply chain
CSCOs (Chief Supply Chain Officers) are embracing innovative technologies like AI and automation as solutions to give better predictability, ecosystem interconnectivity, and more responsible and sustainable operations in response to the changing global supply chain problems.
Even during periods of high inflation, automation and AI may help CSCOs and their organizations to collect data, identify risks, validate documents while also managing their carbon, waste, energy, water, and material utility usage.
Businesses which have invested in their digital infrastructure, expand their sustainability programs, and even develop new products and services as a result of utilizing AI and automating workflows. More than half (58%) of CSCOs believe that sustainability imperatives offer more opportunity to boost consumer involvement.
What is CargoDoc and how can we help with achieving your sustainability goals?
Investing in a modern supply chain can benefit both the environment and your company. However, it must be done with a strategy centered on technology and automation. Begin with a decarbonisation strategy and then introduce new, innovative technologies aimed at automating the industry. A better environment is created by thinking about technology and more ethically about investing in the planet through waste reduction, and reducing air pollution. Furthermore, selecting appropriate suppliers and partners can aid in the transition to a more sustainable economy.
CargoDoc is a smart, customized AI Powered OCR solution developed to help Freight forwarders and 3PLs enter data into CargoWise accurately and swiftly.
It is jointly developed by Soft Freight Logic and Deep Cognition, two leaders in the logistics technology industry.
The CargoDoc team has a local presence in the US, and we have domain expertise in Customs of over 15 years with CargoWise Platinum Status over the last 5 years. Our team comprises more than 25 CargoWise accredited consultants. The vast domain knowledge and experience on customs, tax laws, etc., which are unique to the supply chain industry, have enabled us to create the most suitable smart OCR solution in the market for Freight forwarders and 3PLs.
The decades of domain knowledge and expertise in the industry by its creators make CargoDoc the best smart OCR solution for data entry into CargoWise for freight forwarders and 3PLs.