a consortium of Supply Chain Service Providers
Benefits of UBQ Network Membership
Cargo Insurance Solution
The landscape of cargo insurance is rapidly evolving, driven by the availability of digital data from supply chain tracking events, chain of custody traceability, real-time loggers (RTLs), and corrective automations for loss events for assessing risk transfer and mitigation policies. As members of the UBQ Network, we bring you a revolutionary approach to cargo insurance that is centered around your data and needs.
Flexible Risk Management Strategies
We understand that every business is unique, and that a one-size-fits-all insurance program doesn't work for every business. The UBQ Network offers flexibility in risk management and insurance. Individual customers can get preferred insurance rates by increasing volume and lowering claim rates. You retain control over the risks you want to transfer.
One-Click Digital Cargo Insurance Quoting Process
Experience the best-in-class user experience with our one-click digital insurance quote process. Say goodbye to manual processes and re-keying shipment data. In just 30 seconds or less, you can obtain a quote that suits your needs, thanks to our integration with trusted supply chain data sources like Morpheus.Network. Once the insurance is accepted, Digital Certificates of Insurance are provided using the UBQ Network service.
GoGreen Recycling
Reducing food waste saves energy, reduces pollution and greenhouse gas emissions. Participate in DeltaTrak’s GoGreen Program and help create a sustainable environment for all.
Better Pricing and Terms
When you share your supply chain data with the UBQ network, you unlock the power of Personalized Risk Profiles and loss history. This invaluable capability enables the UBQ Network business partner to offer you improved insurance pricing and terms tailored to your unique risk profile. No longer bound by traditional models, you can now make more informed decisions about your cargo risk.
Faster Claims Processing
A streamlined claims process isn't just efficient; it's a powerful tool for working capital and cash management. Tracking events, chain of custody and real-time loggers (RTLs) create a clear line of sight into route cause and responsibility. This is shared digitally with claim adjusters to facilitate fast claims payouts based on predefined metrics.
Loss Prevention and Mitigation
Our digital data capabilities extend beyond just pricing. Real-time trackers and alert notifications allow you to make quick reefer adjustments, preventing material damage to your shipments. By identifying problematic produce categories, trade lanes, and carriers, the information provided by the UBQ Network helps you mitigate risks effectively. Data from real-time trackers provides data for every shipment providing further opportunity for competitive insurance pricing and terms through historical data tracking and records.
Supply Chain Partner Ready
Depending on your coverage preference, deductibles, and geography, Marsh can utilize most insurance markets to tailor the perfect solution for you. In partnership with Marsh, we're ready to partner with your logistics providers and transportation carriers, importers and exporters, shippers and retailers, ensuring that the UBQ Network provides complete solutions to fit seamlessly into your supply chain.
Supply Chain Transparency/Visibility
Knowing the complete history of a food product empowers every participant in the supply chain to respond to a government inquiry at a moment’s notice.
Reduced Waste and Sustainability improvements
FlashTrak’s real-time IoT monitoring helps prevent food loss and the resulting environmental impact from methane emissions.
Product Quality in the Supply Chain
Using real-time track and trace sensors along with advanced methodologies such as Alpha Numeric Quality Code (ANQC) helps extend produce shelf-life and protect profits.
FlashTrak Chain of Custody is a complete supply chain management solution, helping to restore focus to your core business by monitoring your supply chain for you.
Chain of custody (CoC) expands FlashTrak’s functionality, to indicate the real-time custodian of your product, determine product quality and confirm compliance with government regulations.
Download CoC Resources
FlashTrak CoC System Overview
Benefits of an Integrated Supply Chain
CoC for Suppliers
Morpheus.Network's Platform provides shipment automation and optimization between your company and key stakeholders including document exchange for each supplier or trade lane. This workflow approach ensures that you have the correct documents at the right time. This is the principal reason goods get stopped at ports and customs and avoids costly delays and additional costs such as fines, duties and demurrage.
Achieve Food Safety Compliance with digital certificates
- Built-in support for regulatory frameworks such as FSMA 204 or Safe Food for Canadians (SFCRs) saves Vendors and Grocers time and money.
- You define the document package per trade lane. ISO 22000, BRC or Quality Testing as well as Packing Lists, Invoices, Transit and eBLs.
- Reduce copy paste, emails and phone calls and simplify communication to ensure ALL suppliers are all on the same page.
Automate your Supply Chain by trade lane with customizable workflows
- Our middleware provides digital access to Sales, Purchase and Freight Orders as well as BLs with SORs like SAP, Oracle and Cargowise.
- Configure a master workflow for each trade lane that automates the upload of Regulatory, Trade or Shipment Documents.
- Set milestones to track shipments and ensure that stakeholders can report changes to ETAs, carrier pickups and drop offs and your end to end order to delivery cycle runs smoothly.
Improve consumer trust with full Farm to Fork transparency
- Modern consumers are more informed and discerning. Tracking provenance of goods translates to brand loyalty.
- Track orders, batches and lots as well as supply chain partners and cargo handling points through the supply chain.
- Our Brand Protection solution using blockchain proves authenticity and leverages your social spend creating experiences that reinforce engagement with the brand.
We help supply chain professionals simplify their day-to-day operations. Each new shipment starts with a digital Purchase or Freight Order. Our platform then layers in real time cargo visibility from 100+ Carriers like Maersk, IoT and Cold Chain tracking and document exchange with key stakeholders. We protect your loads with cargo insurance from Marsh, protect your brand to reduce counterfeiting and protect the environment with our trusted carbon emissions data.
Morpheus Literature
Morpheus Network Overview
How Technology can benefit Cargo Insurance
Technology and access to shipment data can benefit cargo insurance and the supply chain in several ways. Here are a few examples:
- Improved Risk Assessment: With access to real-time shipment data, cargo insurers can better assess the risks associated with a particular shipment. This can help them price their policies more accurately and reduce the likelihood of losses.
- Enhanced Visibility: Technology can provide greater visibility into the supply chain, allowing shippers and carriers to track shipments in real-time. This can help reduce the risk of theft, damage, and other losses, and can also help improve delivery times.
- Increased Efficiency: By automating many of the processes involved in the supply chain, technology can help reduce costs and improve efficiency. This can lead to faster delivery times, lower costs, and a more streamlined supply chain overall.
- Better Customer Service: With access to real-time shipment data, cargo insurers and supply chain participants can provide better customer service. They can proactively address issues that arise during the shipping process, and keep customers informed about the status of their shipments.
Technology and access to shipment data can help improve the efficiency, transparency, and security of the supply chain, which can benefit cargo insurance and all participants in the supply chain.
Marsh Literature
Cargo Inspection
Benefit from enhanced produce quality and safety with our thorough cargo inspections. Prevent spoilage and ensure compliance, protecting your products throughout transit.
Cargo Claims
Secure swift and fair compensation for cargo loss or damage. Our expert claims handling minimizes financial impact and supply chain disruptions, offering peace of mind and protection.
Risk Management
Reduce operational risks and safeguard your business. Our tailored risk management strategies ensure smoother operations and promote sustained growth in fresh produce trading.
Contact Us for more information.
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