Tech Trends Driving the Logistics and Transportation Industry
Today, technological advancements provide a great opportunity for the logistics and transportation industry players that are looking to streamline supply chain operations and enhance efficiencies. From automating the business process of material handling, to gaining insightful, real-time information from data that pours in from different touchpoints- technology is driving transformation in the transportation industry. Some of the most impactful technology trends in the logistics and transportation industry are as follows:
Cloud Computing: Cloud-based tech solutions offer a number of benefits to players in this sector, it includes- real-time monitoring and streamlining of business processes and systems, improvements in business productivity, and intra-organization communication.
Social Supply Chain: This refers to logistics and transportation companies that use social media platforms and tools to communicate with branch offices globally as well as with collaborators and clients.
Big Data Analytics: Leading market players are leveraging technology to extract insightful information from big data and to enhance business intelligence and growth.
About the Client
The client– a Fortune 500 logistics and transportation industry player, headquartered in the US.
With several transportation management solutions available, technology alone isn’t sufficient to help the logistics and transportation industry players keep pace with the plethora of innovations and roadblocks in the transportation industry. While recent headlines have highlighted tense negotiations between major less-than-truckload (LTL) carriers and the handlers, there are other long-term issues that may directly impact a company’s ability to manage the transport and logistics network. Owing to such circumstances, the client- a logistics and transportation industry major realized the need to understand the supply market scenario prior to making crucial business decisions.
By leveraging SpendEdge’s supply market intelligence solution, the client wanted to closely monitor supply market conditions and upgrade their supply chain strategies by gleaning insights into the transportation industry trends.
With the help of solutions recommended by a team of supply market intelligence experts at SpendEdge, the client was able to leverage market intelligence to tackle several aspects of their logistics challenges. This involved streamlining and optimizing the supply chain network to manage logistics and drive higher savings.
Our solutions offered a detailed understanding of transportation industry trends driving or otherwise adversely affecting the market — eventually synthesizing it for strategic purposes. With supply market intelligence the logistics and transportation industry player was able to assuage a good amount of its business pain by gathering data on supply market capabilities while getting a good read on how the competition is developing and managing their supply base and supply chain.
Being procurement specialists ourselves, we understand the importance of having the right market intelligence — at the right time! Get in touch to gain insights into our portfolio of supply market intelligence solutions.