Dispute handling are estimated to cost the global logistics industry over $430Bn USD per annum. It includes investigation effort, arbitration costs, payment of credits and write-offs. At the core of this is often disputing the condition of cargo and determining liability.
Custodian by Virtual Control significantly reduces these costs, protects customers from claims by intelligently identifying the condition of cargo from the time of receipt through to moment of handover. It helps meet the increasing demands for full traceability of items through the supply chain and helps maintain the safety of goods and adherence to compliance requirements and regulatory standards.