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  • Writer's pictureNOA

Increased Importance of Electronic Markets in Times of Pandemic

Electronic markets in logistics have been in use for just under two decades. Their main purpose is to connect senders or. manufacturers with carriers that organize or. are responsible for organizing the transport of goods to the buyer. In practice, we most often encounter open electronic markets (where several shippers, carriers and freight forwarders can meet) and closed electronic markets (where a limited number of shippers, manufacturers and carriers meet). Even before the Covid 19 pandemic, supply chain stakeholders became involved in electronic markets through changes in business processes.

This connectivity initially included only the exchange of orders and data on shipments, later on the operational reporting of arrivals and departures of vehicles (reservations for picking and delivery of shipments), then the exchange of transport documentation, entering the Covid pandemic, as well as the exchange of financial documents and after-sales services. With the entry into the new reality, the limitations of working in logistics offices, the limited communication between dispatchers and other support staff, involvement in electronic markets in logistics is even more important.

In this way, both the consignor, the manufacturer as well as the carrier communicate and access information and documents in the same way on a single portal. The relations between them have been agreed in advance, which enables uninterrupted operations regardless of the location of the employees. The Covid 19 pandemic thus accelerated the integration of manufacturers and carriers into electronic markets overnight, and further expanded the range of services and processes implemented using them. Students at the College of Transport and Logistics encounter this topic in detail during their studies, both from a theoretical and practical point of view.


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