2020 has been a year of change and no more so than for the logistics industry. The move from more traditional logistics to a world of digital logistics processes and streamlined supply chain management is allowing for a new age in the logistics industry, particularly the transport logistics sector.
Trends in the transport logistics sector
There are plenty of opportunities in the 3PL sector for logistics and e-commerce, being aware of some exciting trends is a great way to keep up to date with the constantly changing 3PL and supply chain industry. Here are some common trends that are emerging in 2020 in the transport logistics sector that are certainly exciting developments in the sector.
Data analytics
According to research by Forbes Insight, 65% of the industry leaders believe that logistics, transportation, and supply chain have ushered in the era of profound transformation.’
Data analytics has been revolutionizing business across the board, no more so than the transportation and logistics industry. Allowing for greater forecasting and operational efficiency, using data analytics companies can see real-time information to assist with shipping, road transport, and a wide range of services in the 3PL and logistics industry.
Blockchain
An emerging trend in logistics is blockchain, which works to improve efficiency, create a more secure process, and reduce overall supply chain costs. Thanks to the digitization of the supply chain industry as a whole, there are exciting changes in the way traditional logistics work.
Blockchain technology allows companies to draw on information from a range of sources including sensors, ERP systems, inventory systems, and digital systems to ensure better use of assets. Additionally, the rise of decentralized finance (DeFi) has the potential to revolutionize ” not only the banking industry ” but the logistics space as well.
Robotics
While humans don’t want to be replaced, the fact is, when it comes to logistics robotics is a trend that offers plenty of exciting opportunities in warehousing. Allowing for faster and more precise picking and packing in the 3PL process, as well as lowering workforce costs, robotics is certainly something to watch in the coming decade as 3PL and logistics companies look to automate processes to lower costs and speed up the steps in delivery and warehousing.
Cloud-based logistics and improved IT solutions
Every industry has experienced improvements and advancements in IT and cloud-based technology is working to provide smarter technology solutions for logistics via iPhone, tablet, and mobile devices. No longer warehousing, delivery, and transport need to be paper-based or traditional, these days real-time and cloud-based logistics work to update each stage of the logistics process instantly to boost the customer experience and provide valuable data along the way.
Summing up
The digitization of the logistics sector is an exciting move that will save money and speed up processes. Whether it is data analytics, robotics, automation, new software that provides additional transparency, or the rise of DeFi ” the world of logistics is an exciting place to be in 2020.
