It is due to the rise in the value of e-commerce that the value of logistics has also grown. Now, professionals who own the best logistics company cannot just simply go about with their regular standard operations. Their easy-going peak days have now ended with the rise of e-commerce. However, there may still be a few out there who may be asking, “Why is all happening?”. For that, let us tell you all the November 2019 updates that took place and what impacts are they creating in the transport and logistics business.
There are several trends that took place in 2019 in the Logistics and Transport Company and now the effects of all these trends and updates are drastically being felt. The industry involving logistics and transport has always been under the umbrella of continuous construction. Let’s see how these November 2019 updates will impact the transport and logistics business.
Transport and logistics business is going through a visible process of digitization be it the administration, operations, or contracting. Digitalization has swept across every industry in the world. It is due to the drastic rise of digital platforms that now transport and logistics businesses have to use a blend of different online digital platforms in order to customize their customer’s purchasing decisions. Thus, as an impact of digitalization on transport and logistics business is that they have emerged as the key trend gaining utmost traction.
2. More Visibility
In a not so distant past. Transport and logistics businesses used to update customers regarding their shipment through calls, emails, and spreadsheets.
This was the maximum they could go in order to create visibility for their customers. However, with the advancement of technology the customers now can have access to real-time data and information regarding their shipment. All the customer needs to put in their individual tracking number online and they will be presented with every single detail regarding their shipment. This information consists of the rider’s name. When did the shipment proceed? When will the shipment reach you? Where exactly is the shipment right now? Moreover, they also provide you with options through which you can change your delivery dates or get to know where your rider placed your parcel with a photograph provided by your rider.
As in the impact of such great visibility. Transport and logistics businesses now have to be more accurate and provide their services on a timely basis.
3. Blockchain Technology
Keeping every technological development in mind. Blockchain is leading the way to be one of the most prominent, potential, and promising for impacting efficiency and profit margins.
It is due to this remarkable technology advancement that logistics and transport companies along with the suppliers, managers, customers, auditors, and warehouse managers are able to generate a transparent bond.
This system also efficiently records and tracks every coming and going transaction and also manages all the necessary documentation that is required in the whole process of logistics. The blockchain technology has largely helped the transport and logistics business by making them increase their overall efficiency and transparency. However, it is expected to grow in the next coming few years.
4. Drones and Smart Glasses
Throughout the world. The logistics industry is worth more than $4 trillion. Marking itself as such a huge industry. Even the slightest of advancement across the business sector creates a ripple effect starting from e-commerce to the fashion industry.
Similarly, with the rise of drones and smart glass technology in the logistics and transport industry has impacted in creating a much more flexible and fast delivery service. Moreover, with the help of automation, the logistics industry now can efficiently pack, label, and sort out stuff.
In addition to all this, with the help of self-driven cars logistics and transport companies have been able to preserve the high reliability. The same-day delivery factor for both urban and rural areas. Going further, the involvement of smart glass supported by augmented reality in the future will be making deliveries much easier. The smart glass technology will incorporate hands-free route searching, no-error deliveries, face recognition, and customized deliveries upon customers’ requests. Several logistics and transport companies and startups are now eager to establish themselves as the early adopters of all these growing technologies in order to be the first one who will make their mark in the industry.