Logistics directory need to keep up with new trends and be competitive, whether the latest technologies to discover and exploit or shifting regulations that demand new strategies and tactics to comply.
In any industry, disruptive forces are always at work, changing how companies think about technology, do business and look towards the future. This is especially true in the logistics sector, where market trends significantly impact the industry.
The companies that embrace the latest trends while creatively utilising established technologies are those that thrive. How will current trends in logistics affect you going forward?
Radio-frequency Identity chips (RFID) have been promising real-time tracking information for over a decade. Although many OFD (out for delivery) companies have made significant investments in RFID technology, they have not seen a return on their investment.
Having RFID chips does not mean that you have greater access to data. It would help if you had computers close to the data to gather it and share it.
Companies also require File-based integration technology. This technology allows devices and edge computing systems to be connected back to core enterprise systems, allowing for the transfer of reporting documents. The data can then be stored and analysed to provide insight and support business decision making.
Additionally, freight forwarding Logistics directory that use RFID technology to a significant extent to produce value are those that can combine traditional line-of-sight technology like barcode labels and RFID.
Barcode labels are a well-established technology that is relatively inexpensive. The business processes and underlying systems are well-understood.
Knowing exactly where a truck is at any moment can help a logistics company be more proactive and to modify a delivery route in the face of unpredicted events like weather or accidents.
The most successful companies are those that combine legacy and traditional technology with the latest innovations.
Companies that understand this realise that replacing existing technology and business processes is not a wise strategy. The combination of established technology and standard procedures is what makes new technology more efficient.
2. Omnichannel Shipping and Logistics directory
Omni-channel fulfilment is a growing reality in logistics. It is being fueled by a shift in retail’s approach to customer expectations.
This is why successful freight Logistics directory can provide more innovative shipping solutions to help navigate the increasing complexity of the supply chain. This is an overview of possible omnichannel fulfilment flows and return order flows to (and from!) the customer.
The traditional way that shoppers travelled to purchase an item was by going with them. The customer was the “last mile”. Last-mile logistics now falls on the shoulders of retail logistics providers and partners.
The complexity of the supply chain has grown due to omnichannel and e-commerce trends. Furthermore, one-way logistics is no longer sufficient to compete.
3. Big Data’s Big Promise
UPS is the most successful story in big data for the Logistics directory. The company has made considerable strides in operational efficiency and cost savings through data analysis and demand forecasting.
Each vehicle has more than 200 sensors onboard that measure speed, brake, backing up and location. Preemptive maintenance can be done by some sensors that collect data about the battery and tire pressure.
Maximising the vehicle’s time on the road is the goal. Big-data-driven predictive modelling is the foundation for considerable gains in route optimisation.
Companies can now optimise delivery times regardless of weather conditions, construction delays, accidents, or other factors. Freight forwarders Logistics directory worldwide use big data technology to create systems that allow them to modify their route in real-time. There are two reasons this is possible.
A second significant data outcome is the reduction of mileage. Companies’ mileage savings can have an impact on vehicle wear and tear.
Some forward-thinking businesses are beginning to invest in greener technology and significant data initiatives.
Many supply chain companies are developing new methods that can be used to optimise route optimisation. This includes mastering inventory logistics management and optimising shipments for efficiency.
4. Embedded Integration Technology
To better connect with customers, freight forwarder Logistics directory are using embedded technology. They realise that they require a data movement platform to share data back and forth between customers securely.
SaaS companies operating in the logistics sector can use embedded integration capabilities to provide value-added logistics services. As more traditional logistic enterprises shift to data-centric service companies, this is an excellent example of digital transformation.
Organisations are using modern services and solutions to process data and give insight to customers. A business’ success is dependent on its ability to provide quick and crucial information to customers.
An embedded data platform allows for secure communication protocol flexibility and enables robust transactional business flow.
The solution already has the capabilities to enable you to connect, transform and integrate data. Customers want all the information, so it is vital to be able to provide this information.
5. Compliance and Globalisation
Due to globalisation, many world shipping directory are now forced to concentrate on a strategy that achieves delivery KPIs and keeps costs under control.
It is essential to increase flexibility in the supply chain and recognise that there will not be a single solution for the increasing complexity.
Global trade is constantly changing. Logistics companies must be able to keep up with evolving compliance requirements. This is especially true when it comes to managing critical customer and partner information.
To ensure full auditability, companies must provide audit trails and have built-in governance to track their customers’ and employees’ data.
Trucks could be left at the dock without the ability to conform with digital proofs, while ships can get stuck in the harbour, and goods can end up on trains or tarmac for hours or even days.
6. Integrated 3PL Services
Many companies see a lot of potential in integrated 3PL services as e-commerce expands beyond all limits. This is why businesses are bringing in heavy trucking assets and freight brokerage capabilities to integrate into customer’s systems.
Ports directory embrace automation trends in logistics by integrating API integrations to connect ecommerce stores with fulfilment centres.
Supply chains are complex and constantly changing. Fulfilment practices need to adapt to keep up with the changes.
The logistics industry demands that customers have options in terms of delivery. This includes last-mile services and same-day and next-day delivery. It’s up to the providers to ensure that these options are available to customers.
7. Re-Optimised Service Lines
One of the first ways logistics companies began to recover from COVID-19 was to re-optimise their service lines to concentrate on the industries that prospered most during the pandemic.
These logistics companies were able to have a more regular fleet than an irregular, non-dedicated fleet. Although it is difficult for companies to pivot and transition their strategic initiatives, the result will benefit many years.
8. Embracing Modern Integration Technology
Logistics companies recognise the importance of updating their legacy environment and evolving into a modern integration platform.
A modern integration platform offers faster onboarding for customers, trading partners, suppliers and provides visibility to ensure logistics companies can do business more efficiently.
Modernised integration technology can facilitate seamless supplier integration and unlocking back-office systems critical for third-party logistics (3PL). Every logistics business recognises the importance of integration technology for its supply chains.
Companies that moved to a modern platform for integration before COVID-19 were in the best position to manage disruptions to their supply chains. COVID-19 highlighted the importance of an integrated platform.
The logistics industry will continue to be affected by market trends such as the ones outlined above. But, to be successful in trend-setting nascent technologies, they must be integrated into existing solutions and infrastructure.
The events of 2020 have also disrupted the supply chain, and the logistics industry is no different.
This will make them more resilient to supply chain shocks. Consider how current trends in logistics will impact your business as you reach 2022.