TRUTHLE LOGISTIC TRENDS

What business will be the leader in the transportation and logistics (T & L) industry in the next decade? Companies that know the key factors for success and implement initiatives to improve performance will have short-term effects. However, this is not enough to win the long way ahead.

The One Logistics has identified nearly 80 trends that will have a major impact that will shape the entire business environment. The logistics and logistics industry will not escape from the impact and will be largely replaced by major trends in the coming years. Companies start preparing for change today. As these trends begin to change the industry as a whole, leading companies will capture the opportunity by responding faster and more assertive than their competitors. And the most successful companies are companies that have started preparing for change since today.

Logistics Trends:

1. Towards sustainable development

The strengthening of government regulation around the world is accelerating the acquisition of sustainable transport and shipping vehicles. Although post service providers are moving towards sustainable endeavors, such as the use of natural gas vehicles, the promotion of sustainable development will continue and overtake. must have been an effort so far - explained by Jordan England-Nelson. Kuehna Negal's disclosure of the emissions generated by the transaction on a commercial invoice is a prominent example. Moreover, logistics service providers tend to avoid implementing sustainable development measures that may have to pay fines or be punished according to the law.

2. IOT will develop and bring many benefits in real time based inventory management

From RFID sensors to large-scale employee action, the Internet of Things (IOT) will become more popular as smart devices become more widely available. As a result, logistics providers will be able to more efficiently monitor inventory and shorten transit times. Basically, the product will reach consumers faster, contributing to improved customer satisfaction.

3. Augmented Reality (AR) will shorten order fulfillment time.

In a relationship associated with reduced waiting times for consumers, AR will make a whole lot of other processes in the logistics management process simpler. For example, actual glass reinforcement is currently being used by Volkswagen.

ARs, sometimes referred to as virtual reality, will continue to promote the design and use of smart warehouses for manufacturers. As a result, AR must cross the boundary between the manufacturer and the logistics service provider to streamline production and transportation processes around the world.

AR can not only benefit from product selection for each order, it can also be used to improve the agility of scheduling delivery and shipping routes. Essentially, AR will help logistics providers better control the preparation process to deal with any problem, at any time, and almost anywhere. Pay more attention to AR trends in logistics management because the ability AR can create when applied to logistics is endless.

4. Logistics service providers will strengthen partnerships and partnerships

While many 3PLs are reluctant to share information, data sharing has quickly become a new standard in the industry. By coordinating with each other, logistics providers can sign larger contracts to meet the increasing demands of customers and retailers. In addition, increased partnership and cooperation will enable logistics providers to meet larger, faster and more cost-effective needs. This is especially true when the driver shortage is still ongoing.

5. Nearshoring and Reshoring make order fulfillment faster and faster

As the logistics industry experienced record growth in the late 20th century, the processes of shipping goods and outsourced manufacturing became more and more important. However, foreign markets are still fluctuating, and domestic citizens are demanding domestic solutions. In addition, nearshoring or reshoring also offers many benefits to customers, such as reduced delivery time, reduced transportation costs and better communication with the manufacturers to serve customers.

Nearshoring also allows manufacturers and logistics providers to save a lot of money. For example, cooperation between manufacturers and consignors can be enhanced by relocating production areas closer to the delivery area. As a result, unmatched confusion will be less likely to arise, leading to cost savings for all stakeholders. After all, nearshoring will become one of the biggest trends in the logistics industry in the future.

6. 3PL will expand the service

In previous years, 3PL only served a small area, such as delivery within 100 miles. Modern consumers are, however, gradually accelerating the expansion of services across the whole supply chain. In the past, 3PLs were often known as all-powerful entities that dealt with Less-Than-Truckload. Unfortunately, this business model is starting to fail and today's 3PLs need to provide comprehensive solutions for all parties involved. This reminds us of streamlined production processes. And in fact, many companies are also experiencing this development. They expand the specialized services.