Leading supply chain visibility platform GoComet announced today that D&D Intel has joined its AI-powered platform for supply chain visibility. One of the worst cost leaks in supply chain freight transportation is detention and demurrage overhead, which D&D Intel will assist in preventing. D&D Intel was created to help logistics teams manage their freight more effectively by providing increased visibility, exception workflows, and predictive alerts. This enables more proactive exception handling.

According to a GoComet survey of over 200 global brand industry experts, seven out of ten supply chain teams struggle with revenue leaks caused by accessory costs like D&D.

According to GoComet's visibility data, 64% of shipments encounter delays of two or more days, potentially costing shippers $900K in D&D expenses.

The Federal Maritime Commission conducted an assessment of nine carriers and discovered that they "collected roughly $13.8 billion in detention and demurrage charges between April 2020 and September 2023."

All parties involved in the supply chain deal with the problem of delays, which affects both customer satisfaction and overhead. According to Gautam Prem Jain, CEO and co-founder of GoComet, "detention and demurrage charges drain resources for beneficial cargo owners while significantly contributing to carrier revenues."

Precise D&D expense estimates: computations of detention and demurrage fees in real time at the shipment level via client agreements with ports and maritime carriers

Important warnings and observations: Automated escalations using data-driven insights for important benchmarks such as container statuses, timely drayage transport scheduling, Last Free Day (LFD), and personalized notifications

Detailed dashboard Detailed dashboards that provide historical and real-time data to help detect patterns and danger areas so that decisions may be made more effectively

Improved handling of shipments: proactive handling of shipment arrivals and delays to increase overall efficiency and the percentage of on-time, in-full (OTIF) deliveries

Businesses may be able to reduce overhead costs by millions of dollars by using D&D Intel to minimize international shipping prices for each cargo, stated Jain.

By giving businesses accurate and useful data, GoComet's freight management package is designed to help them optimize operations for productivity and profitability.