With carriers constantly, and often unexpectedly, increasing shipping costs with rate changes and new rules around package size and weight, shippers must remain agile so they can quickly adapt to shifting conditions. However, with the power of predictive analytics, businesses can gain a competitive edge by forecasting future trends and adjusting their shipping strategies accordingly.
Reveel’s Analytics Hub incorporates predictive analytics capabilities that allow shippers to stay ahead of potential disruptions. By leveraging machine learning models and historical shipping data, the platform can forecast future shipping trends, identify potential risks, and recommend cost-effective strategies to mitigate those risks. Reveel makes it easy to pose “what-if” scenarios, quickly run advanced models to see how different approaches impact shipping costs, and proactively address issues that historically would only be discovered after reviewing carriers’ invoices after the fact.
Predictive analytics gives businesses the tools they need to plan with more accuracy and confidence, whether it’s anticipating peak season surcharges, forecasting fuel price fluctuations, or immediately detecting shipping outliers – such as when the cost of shipments of a specific product or to a particular zone unexpectedly changes. The strength of our predictive features is that they can highlight areas where costs are likely to rise, enabling businesses to adjust their operations in advance to avoid unnecessary expenses. Similarly, by analyzing historical delivery data, the platform can pinpoint patterns that suggest potential service disruptions and help businesses adjust their schedules to minimize customer impact.
The result is a more proactive and data-driven approach to shipping that enhances decision-making, reduces operational risks, and improves overall shipping efficiency. With the ability to predict future challenges, shippers can transform their shipping strategy from reactive to proactive, ensuring better service for customers – and more efficient cost management.
Learn more about the ways that predictive analytics can change your shipping operations for good.
