The Role of Logistics Loyalty Programs in The Industry

1. The Role of Logistics Loyalty Programs in Industry With the tremendous rise in all the industrial sectors coupled with the rise in e-commerce and the opening of economies worldwide, the logistics industry has evolved immensely. International trade has already crossed $22.3 trillion (about $69,000 per person in the US) last and is expected to grow in the coming years. Growing demand has given rise to massive supply chains which have brought a scientific touch to the overall business model. The use of technologies has increased the precision and profitability of industries across the world. Being an important element of supply chain management, the logistics industry has also come a long way. It has countless opportunities for the existing as well as new players. Hence there is no surprise that many companies and first timers are entering the domain to capture the potential it has. Let us discuss the need for logistics loyalty programs in today's competitive scenario.

2. •Retaining Existing Customers: As mentioned above there is a lot of competition in the logistics industry. Every company is aggressively looking for customers, importers-exporters, freight forwarders etc. to gain business. It is thus difficult getting new customers and needs a long time to establish trust between the two parties. Hence, it is important to retain existing customers to get regular business and cash flow from them. Moreover, the existing customer has a trust factor which eases the entire business process. Logistics loyalty programmed give us the opportunity to thank our regular customers and reward them with some perks. This makes the customers happy and increases the chances of referring our services to their acquaintances. •Obtaining New Customers: The logistics loyalty program or the cargo loyalty program is designed with a lot of studies. These programs give numerous discounts and special services to attract customers. They also provide services to help customers in preparing custom clearance documents and import clearance along with providing customs global logistics and custom freight solutions. Providing value- added services attracts new customers and helps in increasing business. •Cost Reduction: Marketing is mandatory for every business to flourish, especially in such a fiercely competitive world. It helps to reach potential customers and build our brand. Nowadays, marketing is not restricted to hoardings or newspaper ads, there are various avenues for the same. All these different platforms require money and deep domain knowledge. •Prospective Planning: Logistics loyalty programmed aim to maximize our business by increasing the number of customers and volume of business. It is equally important to have regular business throughout the year to maintain cash flow.

3. CONTACT US - Address - PO Box 63 Dubai United Arab Emirates Email id - Info@worldlogisticspassport.com Phone No. - +971 8005 5555 Website - https://www.worldlogisticspassport.com/our- expertise/freight-forwarding-and-logistics-loyalty-programme