Companies in the logistics industry are facing unprecedented changes with automation and the internet of things coming to the fore. Such technologies are not only enabling greater and more collaborative operating models but they’re also re-shaping the logistics trends in ways that are only just beginning to become apparent.
The value of logistics, at present, has also grown significantly with the rise of e-commerce. And with the change in consumers’ expectations and new technologies, logistics trends are now more dynamic than ever before. Companies can no longer go about standard operations without improving the efficacy of their organizations.
At SpendEdge, we understand that companies nowadays cannot excel without adopting the latest logistics trends. Therefore, in this blog, our team of experts has highlighted four key logistics trends that are crucial for companies to survive in the global logistics market.
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What are the latest logistics trends?
Automation is one of those decisive logistics trends that allows firms in the logistics industry to offer better services and save money at the same time. Automated solutions are being implemented by the best in class companies and processes such as automated loading and unloading are already available.
The demand for faster deliveries by consumers has increased substantially, especially after the introduction of Amazon Prime. Customers want their products to be delivered within 48 hours of ordering. This is making it vital for companies to localize warehousing construction and improve warehouse management as having two or three major distribution centers can no longer ensure faster delivery of products. With effective warehouse management, companies can successfully address customer demands.
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As the demand for third-party logistics (3PL) is growing day by day, companies in the logistics industry are facing the dire need to improve shipper-3PL relationships. They need to consider logistics providers as strategic partners of the company to meet customer expectations. Moreover, logistics companies need to follow logistics market trends and start offering services such as invoice auditing and automated freight classification to compete with bigwigs of the industry.
Internet of Things (IoT)
Internet of things is one such technology that is majorly impacting the logistics trends. Placing an IoT device on containers and shipments enables companies to avail supply chain insights in real-time and provide their customers with accurate updates. Furthermore, the internet of things can help track weather conditions such as temperature and humidity of the air and prevent goods from spoiling.