CargoWise ERP Glossary - Key Terms & FAQs

Our CargoWise ERP Glossary Terms provide clear, concise definitions of key terms used in CargoWise, helping users navigate the system with confidence. Along with these definitions, we've included in-depth FAQs to clarify complex concepts, ensuring you get the most out of your CargoWise solutions.

X-Risk Assessment for Shipments

Last updated: August 20, 2025
Logistics CargoWise
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X-Risk Assessment for Shipments is a CargoWise feature that detects, analyzes, and mitigates any risks connected with cargo transportation along the global supply chain. These risks could involve theft, damage, customs delays, route disruptions, and violations of compliance. Logistics companies may proactively safeguard cargo, enhance incident reaction time, and reduce costly disruptions by utilizing risk profiles and automated notifications.

CargoWise integrates X-Risk technologies into shipment planning, enabling users to assign risk rankings based on origin, destination, product category, and carrier history. This allows teams to select safer routes, implement additional security processes, and change timeframes for sensitive products. Historical risk data also aids long-term planning by revealing recurring concerns or troublesome trade lines. Finally, X-Risk Assessment improves operational resilience, regulatory compliance, and customer satisfaction in high-value or sensitive logistics operations.

Frequently Asked Questions

What is the purpose of the X-Risk Assessment in CargoWise?

It assists logistics companies in assessing and managing potential shipping hazards by studying shipment profiles and implementing preventive steps before problems arise.

How are risk scores for shipments calculated?

Risk scores are calculated by weighing several factors, such as the cargo's origin and destination, the kind of products, the carrier's history, and route security. These metrics reveal a detailed threat profile.

Is this feature capable of preventing customs issues?

Yes. X-Risk Assessment can identify shipments that are likely to encounter regulatory or customs delays, allowing documents to be double-checked or redirected ahead of time to prevent fines or seizure.

Is X-Risk Assessment only applicable to high-value goods?

Not at all. While crucial for precious goods, it is also useful for routine shipments, assisting in identifying delay concerns, rerouting requirements, and supplier-related issues.

How does this feature benefit compliance and insurance?

X-Risk technologies help to meet compliance standards and support insurance claims by documenting risk mitigation activities and identifying risks early.