Author: cfxadmin

Cloud-Based vs. On-Premises Solutions in Logistics: Pros and Cons

One of the most significant decisions logistics companies face today is whether to adopt a cloud-based solution or stick with traditional on-premises software. Understanding the differences and evaluating the pros and cons of each option is essential for making an informed decision..

Cloud-Based vs. On-Premises Solutions: What’s the Difference?

On-premises solutions require businesses to install, manage, and maintain software and servers within their own facilities. These systems typically involve high upfront costs, extensive IT resources, and ongoing maintenance.

Cloud-based solutions, on the other hand, are hosted on remote servers and accessed via the internet. Providers handle maintenance, updates, and security, allowing businesses to focus on their core logistics operations.

While both solutions have their place, cloud-based logistics software offers superior advantages, particularly in terms of cost efficiency, scalability, and accessibility.

Pros of Cloud-Based Solutions in Logistics

1. Cost-Effectiveness

One of the most compelling reasons to adopt a cloud-based solution is the lower upfront cost. Unlike on-premises systems that require significant investments in hardware, software licenses, and IT staff, cloud solutions operate on a subscription-based model. This means businesses can pay as they grow, reducing financial risk and improving cash flow.

Additionally, maintenance and updates are handled by the service provider, eliminating the need for costly in-house IT support.

2. Scalability and Flexibility

Logistics businesses often experience fluctuations in demand, requiring systems that can scale accordingly. Cloud-based solutions allow companies to easily adjust resources based on real-time needs. Whether expanding operations, adding new users, or integrating additional functionalities, cloud platforms can accommodate these changes without significant infrastructure upgrades.

3. Accessibility and Remote Operations

With logistics operations spread across different locations, cloud-based solutions enable seamless remote access. Employees, partners, and stakeholders can access crucial data from anywhere with an internet connection, improving collaboration and real-time decision-making. This is especially beneficial for fleet management, tracking shipments, and coordinating supply chain activities.

4. Automatic Updates and Security

Cybersecurity and system updates are ongoing challenges for logistics companies using on-premises solutions. Cloud providers manage these tasks, ensuring that security patches, compliance updates, and new features are automatically applied without disrupting operations. This reduces vulnerabilities and enhances overall system reliability.

5. Integration with Other Technologies

Modern logistics relies on multiple digital tools, such as AI-driven analytics, IoT tracking, and automated workflows. Cloud-based solutions seamlessly integrate with these technologies, allowing logistics companies to harness data-driven insights and improve operational efficiency.

Cons of Cloud-Based Solutions

1. Dependence on Internet Connectivity

Cloud solutions require a stable internet connection for optimal performance. If a company operates in areas with poor connectivity, accessing real-time data can become a challenge.

2. Data Security Concerns

Although cloud providers invest heavily in security measures, some businesses may still have concerns about data breaches or compliance with regulations. However, choosing a reputable cloud provider with strong security protocols can mitigate these risks.

3. Ongoing Subscription Costs

While cloud-based solutions reduce upfront costs, businesses must factor in recurring subscription fees. Over time, these costs can add up, but they often remain lower than the total cost of ownership for on-premises systems.

Pros of On-Premises Solutions

1. Greater Control

Companies that require full control over their IT infrastructure and data may prefer on-premises solutions, as they can manage security, backups, and system configurations internally.

2. No Dependency on Third-Party Providers

On-premises systems do not rely on external vendors for maintenance or service uptime, making them a suitable choice for businesses that prefer an in-house IT approach.

Cons of On-Premises Solutions

1. High Initial and Maintenance Costs

The upfront investment in hardware, software licenses, and IT personnel is substantial. Additionally, regular maintenance, security updates, and system upgrades require ongoing expenses.

2. Limited Scalability

Expanding an on-premises system requires additional hardware and software purchases, making scaling slow and expensive.

3. Restricted Accessibility

Unlike cloud-based solutions, on-premises systems do not offer seamless remote access, limiting flexibility for logistics companies operating across multiple locations.

Why Cloud-Based Solutions Win

While on-premises solutions offer control and security for some businesses, cloud-based logistics software provides clear advantages in terms of cost-effectiveness, scalability, and operational efficiency. The ability to integrate with modern technologies, ensure seamless remote access, and receive automatic updates makes cloud-based solutions the preferred choice for logistics companies looking to stay competitive in a fast-paced industry.

As logistics businesses continue to navigate digital transformation, embracing cloud technology is no longer just an option—it’s a necessity for growth, efficiency, and long-term success.

To find out more about how our cloud solutions can help your business gain control, efficiency and growth click here

Understanding the EU CSRD

What It Means for Your Business and How CocoonCarbon® Can Help?

The European Union’s Corporate Sustainability Reporting Directive (CSRD) is reshaping how businesses disclose their environmental, social, and governance (ESG) impact. Designed to increase transparency and accountability, the directive initially targeted over 50,000 companies across the EU. However, recent developments have led to adjustments in scope and reporting requirements.

Latest Updates on CSRD Implementation

To ease compliance pressures and ensure competitiveness, the European Commission proposed key modifications in early 2025. These changes primarily focus on reducing reporting burdens for smaller businesses while maintaining robust ESG disclosures for larger corporations. The most notable updates include:

  • Narrowed Scope: The CSRD will now apply only to companies with over 1,000 employees, reducing the regulatory burden on small and medium-sized enterprises (SMEs).
  • Refined Reporting Standards: Companies within the scope must still provide detailed disclosures on how their operations affect the environment and society, aligning with the EU’s sustainability goals.

These adjustments reflect the EU’s attempt to balance ambitious climate goals with economic realities.

Revised Timeline for Compliance

Companies affected by the CSRD must adhere to the following reporting schedule:

  • 2025: Reporting begins for companies with over 1,000 employees based on 2024 data.
  • 2026: Large EU-based companies meeting two or more of the following criteria must report based on 2025 data:
    • €25 million+ in total assets
    • €50 million+ net turnover
    • 250+ employees
  • 2027: Listed SMEs on EU-regulated markets begin reporting on 2026 data.
  • 2029: Non-EU parent companies with €150 million+ in annual EU revenue must report on 2028 data.

What This Means for Your Business

While the revisions offer relief for some SMEs, many freight forwarders and logistics businesses still fall within the CSRD framework. Accurate carbon emissions tracking is more critical than ever, as businesses must demonstrate compliance with sustainability regulations and investor expectations.

How CocoonCarbon® Simplifies Compliance

CocoonCarbon® is designed to take the complexity out of emissions reporting for freight forwarders. By leveraging automated data collection and advanced analytics, our platform helps businesses:

  • Track and Report Carbon Emissions: Ensure precise, real-time emissions data that meets CSRD requirements.
  • Prepare for Regulatory Changes: Stay ahead of evolving EU regulations with automated compliance updates.
  • Improve Sustainability Performance: Identify areas for carbon reduction and enhance environmental strategies.

With the regulatory landscape shifting, having a reliable emissions reporting solution like CocoonCarbon® ensures your business remains compliant while positioning itself as a leader in sustainability.

Stay Ahead of CSRD Changes

The CSRD is evolving, and companies must remain informed to avoid non-compliance risks. Whether your business is directly impacted now or will be in the coming years, adopting a proactive emissions reporting strategy is essential. CocoonCarbon® equips you with the tools needed to navigate these changes seamlessly.

Are you ready to simplify your sustainability reporting? Contact us today to see how CocoonCarbon® can help your business comply with CSRD while optimising carbon efficiency.

The Growing Global Mandate for Reporting Scope 3 Emissions: Which Countries Are Leading the Way

In the world of corporate sustainability, measuring and managing greenhouse gas (GHG) emissions has become a top priority. Most companies are familiar with **Scope 1** (direct emissions from owned or controlled sources) and **Scope 2** (indirect emissions from purchased electricity), but **Scope 3 emissions**—the indirect emissions that occur throughout a company’s value chain—are often the most challenging and substantial to measure. These include everything from the emissions produced by suppliers to those resulting from the use of products by consumers.

As the global push for transparency and accountability in climate action grows, more countries are introducing regulations that either mandate or strongly encourage companies to report their Scope 3 emissions. So, which countries are leading the charge in requiring Scope 3 emissions reporting, and why is this critical for businesses worldwide?

What Are Scope 3 Emissions?

Scope 3 emissions cover a wide array of indirect emissions that occur throughout a company’s value chain. Examples include:
– Emissions from the production of purchased goods and services.
– Emissions from waste disposal, business travel, and employee commuting.
– Emissions generated from the use of sold products or services.

Often, Scope 3 emissions represent the majority of a company’s carbon footprint. For example, in the retail sector, Scope 3 emissions from supply chains and product use can be 11.5 times higher than direct (Scope 1 and 2) emissions. This makes Scope 3 reporting crucial for companies looking to take comprehensive climate action.

Why Scope 3 Reporting Is Becoming Essential

For companies, the inclusion of Scope 3 emissions in their sustainability reporting is no longer just about voluntary transparency; it’s becoming an expectation from investors, customers, and regulators. More comprehensive emissions data allows for better decision-making, improved risk management, and alignment with global climate targets like the Paris Agreement.

Governments around the world are now moving toward mandatory climate-related disclosures, and Scope 3 emissions are increasingly part of these requirements. Here are some of the key countries and regions leading the way in Scope 3 emissions reporting:

Countries and Regions Requiring Scope 3 Reporting

1. **European Union (EU)**
The **European Union** has been at the forefront of climate action with initiatives like the **Corporate Sustainability Reporting Directive (CSRD)**. Effective from 2024, the CSRD requires large companies and publicly listed firms to disclose their entire carbon footprint, including Scope 3 emissions. This is part of the EU’s broader strategy to meet its climate targets and ensure businesses are accountable for their environmental impact.

2. **United Kingdom (UK)**
The **UK** mandates large companies to disclose climate-related financial information under the **Task Force on Climate-Related Financial Disclosures (TCFD)** framework. While Scope 3 emissions are not explicitly required for all companies, they are strongly encouraged as part of a company’s full GHG reporting. Many UK businesses, particularly those in sectors like finance and manufacturing, are already voluntarily disclosing their Scope 3 emissions.

3. **United States (Proposed)**
The **U.S. Securities and Exchange Commission (SEC)** proposed new climate disclosure rules in 2022 that would require publicly traded companies to report on Scope 1, Scope 2, and, in some cases, Scope 3 emissions. While not yet finalized, this proposal represents a significant shift in the U.S. toward more rigorous climate-related disclosures, including indirect emissions. Large corporations with substantial value chains would be required to report their Scope 3 emissions if these are deemed material to their operations.

4. **Canada**
Canada’s climate disclosure rules, aligned with the **TCFD**, require Scope 1 and Scope 2 emissions reporting, with Scope 3 reporting encouraged. Canadian companies, especially in sectors like finance and energy, are increasingly reporting Scope 3 emissions voluntarily to meet investor expectations and demonstrate leadership in sustainability.

5. **Japan**
Japan encourages companies to disclose their environmental impact, including Scope 3 emissions, under its **Corporate Governance Code** and other sustainability initiatives. Although Scope 3 reporting is not universally mandated, leading Japanese corporations in industries such as electronics and automotive are already reporting these emissions as part of their ESG strategies.

6. **New Zealand**
In 2021, New Zealand became one of the first countries to require mandatory climate-related financial disclosures, including Scope 1, Scope 2, and, in certain cases, Scope 3 emissions, for large financial institutions and publicly listed companies. This pioneering legislation aligns with TCFD guidelines and underscores New Zealand’s commitment to comprehensive climate action.

7. **South Korea**
South Korea is gradually increasing its environmental disclosure requirements. While Scope 3 emissions reporting is not yet mandatory, many large corporations, particularly in the tech and industrial sectors, are voluntarily disclosing their full emissions profiles as part of broader sustainability efforts.

8. **Australia**
Australia is moving toward mandatory climate disclosure aligned with TCFD standards, although Scope 3 reporting is not yet universally required. Nonetheless, many Australian companies, especially in industries like mining and financial services, are voluntarily including Scope 3 emissions in their sustainability reports to provide a more comprehensive view of their environmental impact.

9. **Switzerland**
In Switzerland, large companies are required to disclose non-financial information, including climate-related data, as part of their corporate reporting obligations. Depending on the materiality of Scope 3 emissions to the business, these may also be reported.

10. **South Africa**
South Africa encourages climate disclosure for publicly listed companies under the **JSE Sustainability Reporting Guidelines** and the **King IV Corporate Governance Code**. While Scope 3 emissions are not yet mandated, companies in resource-intensive sectors such as mining are increasingly disclosing their indirect emissions.

Voluntary Standards and Initiatives

Beyond national mandates, many companies worldwide are voluntarily reporting their Scope 3 emissions to align with internationally recognized frameworks and initiatives, including:
– Task Force on Climate-Related Financial Disclosures (TCFD)
– Carbon Disclosure Project (CDP)
– Science-Based Targets initiative (SBTi)

These frameworks are becoming the global norm for responsible climate reporting, pushing more companies to address their entire value chain emissions.

How CocoonCarbon® Can Help Report Scope 3 Emissions

As companies increasingly face pressure to measure and report their Scope 3 emissions, they often struggle with the complexity and scale of tracking emissions across their entire value chain. This is where solutions like **CocoonCarbon** come in.

CocoonCarbon® is designed to simplify the process of measuring and reporting Scope 3 emissions. By using advanced data analytics and integrated carbon management tools, CocoonCarbon helps businesses gain full visibility of their indirect emissions across various categories, from purchased goods and services to the use of sold products.

CocoonCarbon’s platform makes it easier for companies to:
– Quantify emissions throughout the value chain.
– Comply with regulatory requirements, including those set by governments and voluntary initiatives like TCFD and CDP.
– Set and meet science-based targets for emission reductions.

Whether your company is new to emissions reporting or looking to streamline its existing processes, CocoonCarbon provides the tools to ensure accurate and actionable data that can help drive your sustainability goals.

Notably, CocoonCarbon® has been recognised for its impact in the carbon management space, having been mentioned in a Gartner Report (The Market Guide for Logistics Carbon Accounting and Management Solutions) as a leading solution in climate reporting. This recognition highlights the company’s innovative approach to carbon management and its commitment to helping businesses meet evolving regulatory and stakeholder expectations.

The Future of Scope 3 Reporting

As global awareness of the climate crisis grows, regulatory pressures on businesses to disclose their full carbon footprint—including Scope 3 emissions—are increasing. Many of the current regulations focus on large or publicly listed companies, but it’s likely that these requirements will expand to include small- and medium-sized enterprises (SMEs) in the future. The trend is clear: comprehensive emissions reporting is becoming a baseline expectation, not just a voluntary initiative.

For businesses, this means that proactive management of Scope 3 emissions is not only beneficial for reducing their environmental impact but is also essential for maintaining investor confidence, staying compliant with regulations, and contributing to global climate goals.

Scope 3 emissions reporting is rapidly becoming a cornerstone of corporate climate responsibility. Whether driven by regulations, investor demand, or a commitment to sustainability, companies worldwide are increasingly required to account for the full scope of their emissions, making transparency and action more crucial than ever. With solutions like CocoonCarbon® available to simplify the process, businesses have the tools to succeed in this evolving regulatory landscape.

The Ultimate Freight Forwarding Software

In the rapidly evolving world of logistics, efficiency, control, and real-time visibility are more critical than ever before. The global supply chain’s complexity has skyrocketed, and businesses must manage increasingly intricate operations with the same—or fewer—resources. This demand for enhanced control and efficiency has led to the rise of specialised Freight Forwarding Software and Freight Management Software that streamline logistics processes, enabling companies to stay competitive in a crowded market.

Among the cutting-edge solutions reshaping the logistics landscape is CocoonOPS, a robust platform designed to transform how businesses manage freight operations. CocoonOPS is more than just a tool; it’s a comprehensive solution that redefines efficiency and growth in the freight forwarding sector. By focusing on container track and trace capabilities and integrating these into a user-friendly interface, CocoonOPS is setting new standards in the industry.

The Importance of Freight Forwarding Software

Freight Forwarding Software has become an indispensable asset in the logistics industry. It serves as the backbone of operations, allowing businesses to manage their supply chains effectively. These platforms offer a suite of tools that assist in managing shipments, coordinating with carriers, optimizing routes, and ensuring compliance with international trade regulations.

As businesses scale, so do their logistics needs. Traditional methods of managing freight—such as spreadsheets, manual tracking, and disjointed communications—can no longer keep up with the demands of modern supply chains. This is where Freight Management Software comes into play. By automating key processes, providing real-time visibility, and facilitating seamless communication across all stakeholders, these systems help businesses maintain a competitive edge.

However, not all Freight Forwarding Software is created equal. The true value of a logistics platform lies in its ability to adapt to the specific needs of a business, integrate with existing systems, and scale as the company grows. CocoonOPS excels in all these areas, offering a versatile and powerful solution that meets the challenges of today’s logistics environment head-on.

CocoonOPS: A Game-Changer in Freight Management

CocoonOPS is not just another Freight Forwarding Software; it’s a comprehensive Freight Management Software that addresses the unique needs of modern logistics companies. Designed with flexibility and user experience in mind, CocoonOPS provides a suite of tools that empower businesses to manage their operations more efficiently, from shipment planning and execution to performance analysis and reporting.

Seamless Integration and User-Friendly Interface

One of the key strengths of CocoonOPS is its ability to integrate seamlessly with other systems and platforms. Whether a business is using an existing ERP system or managing a multi-channel supply chain, CocoonOPS can be tailored to fit seamlessly into the existing infrastructure. This reduces the need for complex and costly overhauls, allowing companies to transition smoothly to a more efficient logistics management process.

Moreover, the user interface of CocoonOPS is designed to be intuitive and easy to navigate. In a sector where time is of the essence, a complex or cumbersome system can lead to inefficiencies and errors. CocoonOPS eliminates this risk by offering a streamlined experience that enables users to manage their tasks with minimal training and maximum efficiency.

Advanced Container Track and Trace Capabilities

In the world of global trade, the ability to track and trace containers in real-time is crucial. Delays, misplaced shipments, and lack of visibility can lead to significant financial losses and damaged customer relationships. CocoonOPS addresses this challenge with its advanced container track and trace capabilities, providing businesses with real-time updates on the status and location of their shipments.

This feature is particularly valuable for companies dealing with high-value goods or time-sensitive deliveries. By offering precise tracking information, CocoonOPS enables businesses to anticipate potential delays, reroute shipments if necessary, and keep their customers informed every step of the way. This level of control and transparency not only improves operational efficiency but also builds trust with clients, which is essential in maintaining long-term business relationships.

Enhanced Control and Compliance

Compliance with international trade regulations is a critical aspect of freight management. Non-compliance can result in hefty fines, shipment delays, and even the seizure of goods. CocoonOPS helps businesses stay compliant by providing tools that automate the documentation process, ensuring that all necessary paperwork is completed accurately and on time.

The software also includes features for managing customs documentation, tariffs, and duties, helping businesses navigate the complex web of international regulations. By centralising these processes within a single platform, CocoonOPS reduces the risk of errors and ensures that all shipments meet the necessary legal requirements.

Scalability and Customisation

As a business grows, its logistics needs will inevitably become more complex. CocoonOPS is designed to scale with the company, offering customisable features that can be tailored to specific operational requirements. Whether a business is expanding into new markets, increasing its shipment volume, or diversifying its product range, CocoonOPS provides the flexibility needed to adapt to these changes.

This scalability is particularly important in today’s fast-paced business environment, where companies must be able to respond quickly to market shifts and customer demands. With CocoonOPS, businesses can easily add new functionalities, integrate with additional systems, or adjust their processes without the need for costly and time-consuming software overhauls.

Data-Driven Decision Making

In the logistics industry, data is king. The ability to collect, analyse, and act on data is what sets successful companies apart from their competitors. CocoonOPS offers robust reporting and analytics tools that provide valuable insights into every aspect of freight management. From tracking key performance indicators (KPIs) to identifying areas for improvement, CocoonOPS empowers businesses to make informed decisions based on real-time data.

This data-driven approach is crucial for optimizing operations, reducing costs, and improving service levels. By providing detailed reports on shipment performance, carrier efficiency, and route optimisation, CocoonOPS enables businesses to continually refine their processes and drive continuous improvement.

Empowering Growth with CocoonOPS

In a market where margins are often razor-thin, efficiency and control are not just advantages—they are necessities. CocoonOPS delivers on both fronts, providing businesses with the tools they need to optimise their operations, reduce costs, and deliver exceptional service to their customers.

Moreover, CocoonOPS’s ability to integrate with other systems, its user-friendly interface, and its advanced tracking capabilities make it a standout choice for businesses looking to revolutionize their logistics operations. By choosing CocoonOPS, companies are not just investing in software; they are investing in their future growth and success.

Conclusion

The logistics industry is at a crossroads, with technology playing an increasingly vital role in shaping the future of freight management. As companies strive to stay competitive in a global marketplace, the need for powerful, adaptable, and efficient Freight Forwarding Software has never been greater.

CocoonOPS is at the forefront of this revolution, offering a comprehensive solution that meets the diverse needs of modern logistics companies. From container track and trace capabilities to compliance management and data-driven decision-making, CocoonOPS empowers businesses to take control of their operations and drive sustained growth.

In a world where efficiency and precision are paramount, CocoonOPS is the tool that can make the difference between success and failure. By embracing this advanced Freight Management Software, businesses can revolutionize their logistics operations, ensuring they are not just keeping up with the competition but leading the way.

Whether you are a small business looking to streamline your operations or a large enterprise seeking to optimize a complex global supply chain, CocoonOPS offers the scalability, flexibility, and power you need to achieve your goals. The future of logistics is here, and with CocoonOPS, it’s a future of unlimited potential.

CocoonOPS announces strategic partnership with iCustoms.ai

Customs declarations can now be completed in ‘mere minutes’ thanks to a game-changing partnership between a state-of-the-art transport management system and a leader in AI-driven customs automation.

The collaboration between CocoonOPS – from developer CocoonFMS – and iCustoms.ai, introduces a fully integrated platform with HMRC’s Customs Declaration Service (CDS) where customs declarations are automated and streamlined.

By taking advantage of iCustoms.ai’s cutting-edge AI capabilities, CocoonOPS users can now complete customs entries with unprecedented accuracy and speed, reducing the time required for declarations to mere minutes.

It represents a major milestone in logistics technology which significantly improves the customs process, boosts efficiency and ensures compliance with international trade regulations.

Industry-Leading Technology

CocoonOPS, a cloud-based transport management system, offers real-time tracking, financial management, and customer portals designed to optimise logistics operations. The integration with iCustoms.ai enhances these capabilities by automating the customs declaration process, thereby reducing manual errors and ensuring compliance with various customs regulations. iCustoms.ai’s AI-driven system classifies goods, processes documents, and calculates duties with high precision, complementing CocoonOPS’s comprehensive suite of logistics tools.

A Game-Changer for Freight Forwarders

“This partnership is a monumental step forward for both CocoonOPS and the logistics industry at large,” said James Blackman, Managing Partner at CocoonFMS. “Integrating iCustoms.ai’s advanced AI technology into our platform empowers our users with unparalleled accuracy and efficiency in customs processing. it bridges the gap to HMRC Customs Declaration Service CDS. It’s a perfect synergy that will drive growth and streamline operations for freight forwarders.

“The real practical benefit is that it takes what was a complicated and time-consuming process and reduces it down to minutes, and with unprecedented accuracy for peace of mind over compliance. Ultimately, this is one less thing to worry about for busy freight forwarders and logistics businesses.”

Streamlining Global Trade

By combining CocoonOPS’s robust transport management features with iCustoms.ai’s AI-powered customs solutions, the partnership aims to provide a holistic, efficient, and user-friendly experience for logistics professionals. This integration allows businesses to manage their entire logistics chain—from shipment tracking to customs declarations—within a single platform, for seamless operations and enhanced visibility.

About CocoonFMS

CocoonFMS Ltd is a UK-based logistics software development company known for its innovative solutions designed to optimise transport management systems. CocoonOPS, the company’s flagship product, offers a cloud-based platform that integrates real-time tracking, financial management, and customer portals to streamline logistics operations.

About iCustoms.ai

iCustoms.ai saves businesses over 50% in customs processing times and costs with its AI-powered trade compliance platform. Developed by trade experts, it automates tasks like classifying goods, processing documents, and calculating duties for accuracy and efficiency. iCustoms.ai streamlines customs clearance, reduces errors, and cuts customs operational costs while ensuring compliance. Using iCustoms.ai helps businesses manage international trade more effectively and ensures timely deliveries.

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CocoonFMS® Surpasses 1 Million Carbon Emissions Calculated with CocoonCarbon®

*London, August 19, 2024* — CocoonFMS®, a leading UK-based provider of cutting-edge logistics software, announced today that its CocoonCarbon® calculator has successfully calculated carbon emissions for over 1 million shipments. 

This milestone marks a significant achievement for the company in its mission to promote sustainable practices within the logistics and supply chain industry.

The CocoonCarbon® Emissions Calculator, a tool designed to measure and reduce carbon footprints within the logistics industry, has been instrumental in helping businesses understand and mitigate their environmental impact. Since its launch, it has gained widespread adoption across various sectors, enabling companies to make informed decisions about their shipping strategies while prioritising sustainability.

“We’re thrilled to have reached this milestone,” said James Blackman, CEO of CocoonFMS®. “This achievement underscores the growing awareness and commitment within the logistics industry to address climate change. Our CocoonCarbon® calculator empowers businesses to take actionable steps towards reducing their carbon emissions, and we’re proud to be at the forefront of this critical movement.”

The success of CocoonCarbon® is a testament to CocoonFMS®’s broader commitment to innovation and sustainability. As more companies seek to align their operations with environmental goals, tools like CocoonCarbon® are becoming essential in tracking and managing carbon emissions throughout the supply chain.

The calculator’s ability to provide precise emissions data has not only driven its widespread use but also positioned CocoonFMS® as a leader in the logistics software industry. The company’s ongoing investment in research and development ensures that CocoonCarbon® remains at the cutting edge of sustainability solutions.

As the world grapples with the urgent need to combat climate change, CocoonFMS® continues to push the boundaries of what’s possible in sustainable logistics. The company’s success in surpassing 1 million shipments calculated is just the beginning, with plans to expand the reach and capabilities of CocoonCarbon® in the coming months.

About CocoonFMS®

CocoonFMS® is a UK-based company specialising in innovative logistics software solutions designed to streamline supply chain operations and promote sustainability. Founded with a mission to transform the logistics industry, CocoonFMS® combines advanced technology with a commitment to reducing environmental impact. The CocoonCarbon® calculator is one of the company’s flagship products, helping businesses worldwide achieve their sustainability goals.

 

Transforming Customs Declarations – CDS Integration

CocoonOPS Integrates with iCustoms.ai

In the dynamic world of international trade, efficiency in customs processing is crucial. Recognising this, CocoonFMS and iCustoms.ai have entered a strategic partnership to revolutionize customs declarations. This integration of CocoonOPS with iCustoms.ai’s advanced AI technology is designed to streamline customs entries, enhancing operational efficiency and ensuring compliance with HMRC’s Customs Declaration Service (CDS).

The Power of Seamless Integration

The collaboration between CocoonOPS and iCustoms.ai represents a significant advancement in logistics technology. By combining the robust features of CocoonOPS with iCustoms.ai’s AI capabilities, users can now experience a fully integrated platform that simplifies and automates customs declarations. This integration not only enhances operational efficiency but also ensures compliance with HMRC’s CDS, reducing the time required for declarations from up to 40 minutes to just 3 minutes.

Enhancing Operational Efficiency

CocoonOPS is renowned for its comprehensive suite of features designed to optimize logistics operations. This cloud-based transport management system offers real-time shipment tracking, financial management, and customer portals, providing users with complete control over their logistics processes. The integration with iCustoms.ai takes these capabilities to the next level by automating the customs declaration process. iCustoms.ai’s AI-driven system accurately classifies goods, processes documents, and calculates duties, minimizing manual errors and ensuring compliance with CDS regulations.

A Game-Changer for Freight Forwarders

For freight forwarders, this partnership is a game-changer. James Blackman, Managing Partner at CocoonFMS, emphasizes the transformative potential of this collaboration: “Integrating iCustoms.ai’s advanced AI technology into our platform empowers our users with unparalleled accuracy and efficiency in customs processing. It’s a perfect synergy that will drive growth and streamline operations for freight forwarders.”

Streamlining Customs Declarations with Customs Declaration Service CDS

The Customs Declaration Service (CDS) by HMRC is designed to replace the existing Customs Handling of Import and Export Freight (CHIEF) system, providing a more efficient and streamlined process for managing customs declarations. By integrating with iCustoms.ai, CocoonOPS users can now seamlessly interact with CDS, ensuring accurate and compliant customs entries.

CDS offers several advantages, including:

1. Improved Data Collection: Customs Declaration Service – CDS allows for more detailed data collection, ensuring that all necessary information is captured for customs declarations.
2. Enhanced Compliance: With real-time access to customs data, businesses can ensure they are meeting all regulatory requirements.
3. Automation of Processes: The integration with iCustoms.ai automates the customs declaration process, reducing the time and effort required for manual entries.
4. Cost Efficiency: By minimising errors and ensuring compliance, businesses can avoid costly delays and penalties.

Key Benefits of Customs Declaration Service Integration with iCustoms.ai and CocoonOPS

The integration of CDS with iCustoms.ai within the CocoonOPS platform brings numerous benefits to logistics operations:

1. Drastically Reduced Processing Time: Traditional manual customs entries can take up to 40 minutes. With iCustoms.ai, this time is reduced to just 3 minutes, significantly speeding up the customs clearance process.
2. Enhanced Accuracy and Compliance: iCustoms.ai’s AI-driven system ensures accurate classification of goods and precise calculation of duties, reducing the risk of errors and ensuring compliance with HMRC’s regulations.
3. Seamless Integration with CDS: CocoonOPS users can interact seamlessly with CDS, ensuring that all customs entries are compliant with the latest regulatory requirements.
4. Real-time Shipment Visibility: CocoonOPS offers real-time tracking of shipments via air, sea, road, and rail, providing users with complete visibility over their logistics operations, including the status of customs declarations.
5. Automated Documentation: iCustoms.ai automates the generation and processing of required customs documents, reducing the administrative burden on logistics teams.
6. Cost Savings: By reducing manual entry times and minimising errors, businesses can achieve significant cost savings in their customs operations.
7. Integrated Financial Management: CocoonOPS integrates with financial management systems like Xero and SAGE, ensuring that customs duties and related financial transactions are accurately recorded and managed.

Fully integrated platform for customs entries

The partnership between CocoonOPS and iCustoms.ai is set to revolutionise the logistics industry. By delivering a fully integrated platform for customs entries and transport management, this collaboration enhances efficiency, accuracy, and compliance in logistics operations. Businesses can now manage their entire logistics chain seamlessly, ensuring better control and visibility over their operations. As the logistics industry continues to evolve, the integration of CocoonOPS and iCustoms.ai represents a significant step forward in leveraging technology to streamline global trade.

For more information about how this integration can benefit your business, visit CocoonFMS and iCustoms.ai.

Richard Litchfield MCILT Joins CocoonFMS Ltd to Bolster Executive Team

Logistics entrepreneur and Managing Director of Innovate Freight Richard Litchfield MCILT has become Non-Executive Director at specialist software firm CocoonFMS – extending his portfolio of interests.

Richard has a track record in logistics spanning over 20 plus years implementing state-of-the art freight management systems. Formerly Group IT Director at Europa Worldwide Group and Vice President / Global Head of IS Road Logistics at Kuehne & Nagel in Switzerland, Richard has decades of experience in transport and logistics, mainly within the technology arena.

Richard’s whole career has been focused on IT within transport and logistics. He launched a specialist IT consultancy for freight and logistics, Innovate Freight and 2023 extended the services to provide specialist freight and logistics recruitment through Innovate Freight Talent, which has just debuted at Multimodal Exhibition and is also a sponsor of national campaign Generation Logistics.

Based in Lichfield (Staffordshire), CocoonFMS® is a logistics software provider, offering a cloud-based state-of-the-art Transport Management System for all modes of transport to clients across the UK.

Richard comments “I am delighted to have the opportunity to share my wealth of skills and knowledge across the specialist technology sector for freight and logistics.  Having worked with James previously and having met with the rest of the team, we share a similar vision and approach. Joining CocoonFMS is a perfect opportunity to share my experience and help grow the company.”

James Blackman, Managing Partner at CocoonFMS added “We would like to welcome Richard Litchfield as a Non-Executive Director. Richard expertise will add to our existing wealth of knowledge and expertise of IT & Logistics.  Our ambition is to be the software supplier of choice to the supply chain and logistics industry by delivering the best technology available and we’re hoping the Richard will help us achieving this goal.”

https://www.innovatefreight.co.uk

 ENDS

Notes to Editors

CocoonFMS® Ltd is a logistics software development company based in the UK offering intuitive cloud-based solutions for businesses seeking to evolve their logistics operations. Gain the insights needed to optimise your operations and drive growth. Be Different, Be Better.

Innovate Freight is a specialist IT consultancy for freight and logistics.  Launched in November 2020, Innovate Freight works with businesses of all sizes, from SMEs to mid-sized or global freight or logistics operation. The team work from the ground up, providing a transparent consultancy service offering solutions for in-house, 3rd party, and/or a combination of the two.

Understanding Demurrage and Detention Charges Amid Global Trade Disruptions

The recent global trade disruptions, triggered by a variety of factors, have significantly impacted the flow of containers worldwide. As a result, importers unable to sell their products are leaving containers stranded at ports. Meanwhile, others, facing financial constraints, struggle to release their cargo. Ports, already stretched thin by the urgent need to deliver essential supplies, are operating with reduced efficiency. This has negatively affected gate in/out operations and truck turnaround times, leading to increased congestion and a higher likelihood of incurring detention and demurrage fees for all stakeholders.

Given these challenges, it is crucial to understand why conditions leading to detention and demurrage are increasing, the differences between these two fees, and the steps companies can take to mitigate them.

What Are Demurrage and Detention Charges?

Demurrage

Demurrage is a daily fee charged by the terminal when cargo remains at the port beyond the agreed Last Free Day. These charges vary by port and terminal but can be substantial, typically ranging from £60 to £160 per container per day. Furthermore, these storage fees often increase progressively the longer a container stays at the port.

Detention

Detention, also known as per diem, is the fee levied by the ocean carrier for each day a shipper holds onto the carrier’s container beyond the allotted free days outside the port or terminal. While storing cargo in its container might seem like a convenient short-term solution, the accumulating detention fees can quickly make it an expensive option compared to warehousing. For shippers dealing with full or closed warehouses, there are strategies to avoid these high costs.

Strategies to Avoid or Reduce Demurrage and Detention Charges

Given the recent congestion at many ports and warehouses, it is beneficial to know how to minimise detention and demurrage charges. Here are some key strategies where freight forwarders can provide valuable assistance:

Secure Off-Dock Storage or Additional Warehouse Capacity

Off-dock storage tends to be less costly than port storage. Off dock locations can help find alternative storage solutions that are more economical.

Opt for Slower Ocean Services or Detention In-Transit Products

When storage capacity is limited, slower ocean services or detention in-transit products can be viable options. Informing your freight forwarder at least two weeks before the estimated time of departure (ETD) facilitates better planning.

Consider Alternative Gateway Ports

Choosing less congested gateway ports can also help. For instance, opting for Southampton instead of Felixstowe or London Gateway instead of Liverpool can alleviate delays.

Track Demurrage and Detention Costs Closely

Lack of visibility into arrival times and container availability often leads to higher detention and demurrage costs. Utilise technology and service models that provide easy tracking of inventory in motion to avoid unexpected charges.
The recent global trade disruptions have complicated the management of container flow, making it harder to avoid detention and demurrage fees, which are felt more acutely than ever. Shippers should proactively understand these fees, monitor the conditions that lead to them, and implement strategies to minimise their impact.

For further information on how to reduce detention and demurrage charges, please get in touch with our team.

Navigating the Future of Logistics Software

In today’s complex supply chain landscape, having the right logistics software is crucial for achieving operational excellence. A Transport Management System (TMS) can be your game-changer, offering unparalleled control, enhanced efficiency, and sustainable growth for your business.

Traditional TMS Challenges? Modern Logistics Software Has the Answers

Many traditional TMS solutions come with baggage – hardware dependencies, IT burdens, and clunky interfaces. Modern logistics software, like CocoonOPS, eliminates these hassles by being cloud-based. This means no extra hardware, reduced reliance on external IT support, and secure, real-time access from anywhere, anytime. This translates to greater control over your logistics operations, improved efficiency, and streamlined processes.

Seamless Integration and User-Friendly Interface

Modern logistics software, like CocoonOPS, seamlessly integrates with other systems you rely on, like Descartes, AMS, and vehicle GPS tracking (API readiness). This ensures all your systems work together harmoniously, giving you a holistic view and better control over your business processes. Plus, good logistics software boasts a user-friendly interface that makes navigating the software a breeze. This minimises errors and maximises operational efficiency for your team.

Flexible Financial Management and Empowering Your Customers

Modern logistics software empowers you to manage your finances effectively. With features like customizable pricing strategies, invoice creation, credit level checking, and financial reporting, you have complete control. Many logistics software options also integrate with third-party invoice systems for even greater flexibility.
For your customers, good logistics software can offer a dedicated customer portal. This allows them to book shipments directly, track containers, and upload documents – streamlining the process and boosting customer satisfaction.

Future-Proofing Your Business with Rate Management and CDS Integration

Modern logistics software is constantly evolving to meet your needs. Upcoming features may include rate management tools, allowing you to tailor pricing strategies and ensure competitiveness. Additionally, smooth integration with third-party Customs Declaration Systems (CDS) is often planned, reducing compliance risks and supporting business growth.
Sustainability at the Core: Built-in Carbon Calculators and Seamless Connectivity.

Many modern logistics software options, like CocoonOPS, are committed to sustainability. Their carbon-neutral coding frameworks and data centres can ensure a 100% carbon-neutral system. Furthermore, some logistics software features built-in Logistics Carbon Calculators, empowering you to effortlessly report on your carbon emissions.
Modern logistics software prioritizes robust API integration, seamlessly connecting with various platforms, including Enterprise Resource Planning (ERP) systems and popular E-commerce platforms like Shopify and WooCommerce.

Modern Logistics Software: A Strategic Investment for Logistics Success

Modern logistics software, like CocoonOPS, is a strategic investment for logistics companies seeking unparalleled control, enhanced efficiency, and sustainable growth. Cloud-based solutions, seamless integration capabilities, user-friendly interfaces, and a commitment to sustainability are revolutionizing the way businesses navigate the complexities of the supply chain.
Ready to Experience the Benefits of Modern Logistics Software?

Contact us today for a free demo and see how modern logistics software can transform your logistics operations. Learn more about the benefits in our detailed blog post: Revolutionize Logistics with CocoonOPS TMS: Control, Efficiency, Growth: https://www.cocoonfms.com/blog/revolutionize-logistics-with-cocoonops-tms-control-efficiency-growth.

By providing intuitive, cloud-based solutions, modern logistics software empowers businesses to streamline logistics operations and drive growth. Gain the insights and efficiency you need to stay ahead of the competition. Contact a logistics software provider today!

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