Over the last few years, there have been several changes in logistics. The customers’ demands have revolutionized, and with technological innovations, we have come towards advanced robotic solutions from the first assembly lines. Today, organizations need to deliver the products faster, at a low cost and in a sustainable way.
The rapid changes, latest demands, and the growth of e-commerce are inspiring the shippers and carriers to build optimized relationships between the customers’ requirements and their services. Now, let’s take a look at some of the critical logistics trends that you should understand in this new year:
Digitalization of Industry:
As you know, digitalization has influenced various industries, and the logistics industry is no exception. Digital literacy and consumer awareness of online platforms are very important for customized purchasing decisions. The use of digitalization in the logistics industry brings a significant reduction in procurement and supply chain costs and also boost the overall revenues. It also enables you to make better and faster decisions in addition to more seamless collaboration with your partners.
Supply Chain Visibility:
With digitalization, you will get supply chain visibility too. To provide better services to the customers and meet their demands, you need to know where your goods are at any given time. According to a report, 71% of supply chain professionals agreed that lack of visibility decreases their business and impact it negatively. So, if you do not have an end to end visibility, it would be challenging to respond to unexpected events and make the right decisions. The lack of supply chain visibility also ends up in difficulties to collaborate with the partners. Thus, take an interest in the supply chain and make the information visible to concerned authorities for real-time visibility, which would help in business processes, better decision making, and forecasting.
Nowadays, companies have greater connectivity, thanks, to the internet, and they save their entire data on the cloud. Hence, there have been rising concerns among companies about cybersecurity and logistics safety. On the other hand, it is also vital to protect consumers’ private data. Thus, cybersecurity has become one of the critical points for logistics safety. This has further encouraged logistics providers to focus more on offering secure logistics solutions.
Logistics is responsible for 11% of global emissions and 8% of the emissions are caused by freight traffic (truck, ship, train, plane ). This has lead to the companies taking sustainable development goals into their businesses and lower the carbon footprints.
Better vehicle loading can decrease the energy demands of logistics and make it an eco-friendly business. Today, more and more companies are taking responsibility to look into various logistics operations and to evaluate the useful measures for environmental safety.
Automation & IoT:
Automation has become a necessity in the logistics industry with the continuation of using the Internet of Things (IoT). Logistics 4.0 has transformed the global supply chain market to overcome the issues of transportation delays, operator errors, inadequate monitoring of cargo, outdated IT failures, and similar. The integration of IoT has also reduced the number of thefts in the industry. Thus, it is important for any logistic company to implement the automation of services and IoT.
To meet all the current logistics changes, companies need to go digital and look into the points mentioned above. These necessary steps ensure efficient and sustainable logistics operations, in addition to increased customer satisfaction.