Echo Global Logistics Offers Cargo Insurance to Improve Supply Chain Management

supply chain management Echo Global Logistics

(Credit: Echo)

by | Feb 20, 2023

supply chain management Echo Global Logistics

(Credit: Echo)

Echo Global Logistics, Inc., a provider of technology-enabled transportation and supply chain management services, has introduced EchoInsure+, a new, full-coverage cargo insurance product offered exclusively to Echo clients. Through a partnership with insurance group Falvey, EchoInsure+ is an easy way for clients to access protection for their LTL shipments through both EchoShip, Echo’s proprietary online shipping platform, as well as Echo representatives.

Key benefits of EchoInsure+ include claims paid in as fast as 10 days, zero deductible up to $10,000, a broad protection plan with fewer exclusions, and full value coverage not limited by specific carrier liability. Without utilizing EchoInsure+, shippers run the risk of assuming financial responsibility past limits set by carriers, facing potential exclusions for loss and damage as a result of external factors, and waiting as long as 120 days for claims resolution. With EchoInsure+, Echo streamlines the process for booking supplemental cargo insurance at the time of load booking, thereby increasing efficiency and, if necessary, providing a smoother claims process with faster resolutions for clients.

A recent study by McKinsey found that companies implementing artificial intelligence supply chain management systems have improved logistics costs by 15%, increased inventory levels by 35%, and service levels by 65%. Artificial intelligence is helping improve operations across industries, including energy, electric vehicles, buildings, and manufacturing.

Other recent improvements in supply chain management include DHL Express, whose services include time-definite and day-definite delivery of documents and packages, as well as international shipping and logistics services for businesses of all sizes.

The company’s latest initiative, “GoGreen Plus” allows customers to reduce the carbon emissions of their shipments by using Sustainable Aviation Fuel (SAF). This is the first time a global express carrier has offered this service, and it will initially launch in the UK, followed by Italy, Denmark, Sweden, Canada, Australia, South Africa, and the United Arab Emirates. Customers based in these countries can choose to select GoGreen Plus as an option when using MyDHL+, the company’s online shipping and tracking platform. The service is flexible and can be selected for individual shipments.

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