There is no doubt that the transportation and logistics industry is experiencing a significant transition as new technological results fall into daily usage, guided by market trends. At no time in recent history has there been such a wide degree of political, economic, cultural, technical, ecological and legal transition impacting this sector of the economy.
We would like to share with you 5 Logistics Trends Transforming the Global Logistics Market in 2019
1- Adoption of Data Analytics and Big Data Logistics
The use of Big Data and Data Analytics in the logistics industry permits a wide range of stakeholders to engage in the business to make informed purchase decisions. Companies are now using big data to predict busy times, potential future supply shortages and other visions into strategic decisions that boost their market position and offer important competitive benefits over other counterparts. More than 90% of shippers and third-party logistics companies expect that data-driven decision-making is extremely crucial to supply chain operations, as big data enhances quality and performance by delivering active supply and demand prediction, inventory management, route planning and productive labor-management, in turn boosting the development of global third-party logistics
2- Logistics Automation and IoT
Automation has achieved traction in the logistic industry, together with the rapid implementation of the Internet of Things (IoT). Retail 4.0 is one of the main logistics developments that changed the global supply chain sector. The implementation of IoT in the logistics industry overcomes challenges, including shipment delays, driver mistakes, inadequate freight tracking, … Read More