The logistics industry has grown at a rapid pace in recent years. Domestic and international trade, particularly through shipping, has grown significantly. This field can be highly competitive and is constantly changing with new technology and trends coming into play.
Equipment and vehicles are more automated than ever before
Equipment and vehicle automation is becoming more widespread; For example, automated picking systems are becoming more widely used in distribution centers, and companies like Amazon and Google continue to invest in self-driving vehicles.
Covid-19 has seen cloud technology boom
The global logistics industry has seen a significant uptick in the usage of cloud technology. This is due to the ability of the cloud to provide “enterprise-wide access to critical infrastructure and digitized business processes” without having to invest in high-cost capital equipment or infrastructure. The ongoing pandemic has been a key driver for companies to adopt virtual meeting services.
Last mile as a service
Customers are demanding faster and more accurate deliveries, and they aren’t willing to pay more – they are demanding these services at ever cheaper rates. Truck loads of goods are now available on sites such as Shiply for delivery companies to bid to complete the delivery.
Sustainability continues to be a focus
In an effort to reduce harmful impact on the environment, companies are focusing on reducing their carbon footprint and reducing waste. Customers are also starting to put a larger focus on sustainability and will start to look for companies that have made steps towards becoming sustainable.
Evidence of this push can be seen in the electric vehicle market, which is set to increase, with the marketfor electric trucks expected to hit $1,893.1 million by 2027.
Internet of Things
While the internet of things (IoT) isn’t exactly a new trend, the number of connected devices and their penetration into less developed markets is set to accelerate into 2022. The current estimate of connecteddevices in 2022 is forecast to exceed 18 billion.
Artificial intelligence (AI) continues to be a long-termdisruptor for both companies and consumers. The ability to pick out the most relevant and actionable data from massive amounts of information is a key benefit for companies. This ability is also beneficial for customers.
Combining AI with other technologies such as cloud technology, drones, and IoT has the potential to bring personalization and personalization within reach of more people than ever before.
Logistics have gone local instead of global
Covid-19 has highlighted the risks of global supply chains and the disruption to business that broken supply chains cause. This has created opportunities for local sourcing. The benefits includes :
- Less risk at times of global upheaval
- Improved control on delivery times
- Improved environmental credentials with the reduction of carbon footprints
- The ability to reduce costs by lowering transportation costs
Technology has also played a major role in the creation of local packaging and supply chains that are in harmony with local needs and demands.
There is no doubt that the last couple of years has seen individuals and business face unprecedented challenges. However, overcoming these challenges has created some benefits that weren’t expected – such as more environmentally sustainable supply chains.