News For This Month:
July 30, 2019
People can now move the shipment easier and faster through the implementation of technology in different aspects of the freight and transport sector. There has been growth in the logistics industry in America where it is expected that in 20 years the 8 trillion of ton-miles will be reached. The process of logistics needs to be transparent as it is leaking the consumers and producer using the supply chain network. Some of the notable trends in the logistic and transport industry include the following.
There has been technological advancements as well as uptake of e-commerce in there globe making it lead to changes in the logistics industry. For many logistics companies finding a more efficient way to serve the customer is very paramount.
With the different advancements in blockchain technology a logistics industry across the globe has changed significantly. Blockchain technology refers to a series of data that is time stamped and that does not belong to a specific company but managed by a group of computers. The logistics companies usually create digital contracts these contracts are usually fail-safe since data is not owned by any specific company making it easier for communication to be transparent among logistics partners. With search provisions it makes it easier for auditors, customers and all other stakeholder to access information and the system to track their assets and to manage and record transactions. The implementation of block-chain technology makes it easier for the logistics industry to operate more efficiently and even be more transparent.
There has been an increase in the use of smart devices that has helped improve the flexibility and the efficiency of logistics and transport sectors. The delivery time is shortened and their logistics companies are deemed more reliable through the use of autonomous trucks and self-driving vehicles in delivery services.
Last mail delivery has significantly improved due to the implementation of technology in the delivery process. Technology has significantly made it easier for the customers to receive their packages within a short time and reduce the errors of wrong delivery making this entire process of last mile delivery more efficient and reliable. As logistics company that is looking to differentiate itself from competitors the more efficient the last mile delivery process is better you are ranked by your customers.
Many logistics companies are increasingly using third-party logistics and this trend is expected to be there for a while. The use of third-party logistics is something that is required popular due to their services they offer such as maintenance of travel insurance and inventory lives as well as protection against any property loss. There are many complexities in the global market especially due to the use of e-commerce making it need that logistics companies have to use third-party logistics. Freight brokers will help you choose the right freight company quickly especially when you are not sure which company to get.