{"id":5922,"date":"2020-05-20T15:47:14","date_gmt":"2020-05-20T10:17:14","guid":{"rendered":"https:\/\/www.servicesutra.com\/blog\/?p=5922"},"modified":"2020-05-20T15:47:17","modified_gmt":"2020-05-20T10:17:17","slug":"future-trends-in-transportation-logistics-industry","status":"publish","type":"post","link":"https:\/\/www.servicesutra.com\/blog\/future-trends-in-transportation-logistics-industry\/","title":{"rendered":"10 Biggest Future Trends in Transportation and Logistics"},"content":{"rendered":"\n

Technology is changing our lives\nevery day, from grocery shopping to robotics, innovation in how we exchange\nmoney to how we learn, earn and spend our time, technology is touching almost\nall walks of life. And we talk about the different industrial sector, then\ntechnology is seriously affecting nearly all the sectors be it health care,\npublic transport, goods transportation or logistics, the future is going to be\nmuch more innovative, efficient and amazing. But today, I am going to talk\nabout some of the biggest future trends in transportation and logistics\nindustry that coming and that may change a lot for better.<\/p>\n\n\n\n\n\n\n\n

And if you are in to transportation\nand logistics industry and you are wondering about the future trends in\ntransportation and logistics industries, then here\u2019s a detailed post that talks\nabout such amazing technology trends.<\/p>\n\n\n\n

Future trends in transportation and\nlogistics industry<\/h2>\n\n\n\n

The transport and the logistic\nsector are undergoing a major and important transformation today. The\npolitical, social, economic, environmental, technological and legal changes are\namazingly influencing this sector every day. The transportation and logistics\ncompanies of today have to stay competitive and are made to add improved and\nadvanced technologies in order to improve their warehouses, distribution\ncenters, shipping and transport management. There is a new wave of startups in\ndifferent segments of the logistics space that are helping to shape a modern\nsupply chain marketplace that supports game changing technology. <\/p>\n\n\n\n

Some of the biggest future trends\nin transportation and logistics industries are listed hereunder:<\/p>\n\n\n\n

Digitization<\/h3>\n\n\n\n

Digitization is having a strong impact on all the industries around the world. And, transportation and logistics industry is no exception to it. If you observe carefully, you will notice there is a rise in digital literacy, and awareness among the consumers regarding the use of the various online platforms as far as customized purchasing decisions are concerned. There is more customer satisfaction and trust, because the information is widely available in various forms and formats. <\/p>\n\n\n\n

The usage of digitization<\/a> in the logistics sector is expected to lead to a very significant decrease in the procurement and supply chain prices, along with giving a substantial boost to the overall avenues. <\/p>\n\n\n\n

With logistic sector being more\ndigital mature, the various processes in business are becoming simplified.\nThere is lesser risk and the revenues are also getting derived with much more\nefficiency. <\/p>\n\n\n\n

Blockchain technology<\/h3>\n\n\n\n

With the arrival of the blockchain\ntechnology, it has led the companies in the transportation and logistics sector\nto failsafe the digital contracts. This technology allows the various stakeholders\nof the logistics industry such as suppliers, manufacturers, auditors,\ncustomers, warehouse managers etc. to form a very efficient and transparent\nsystem as far as tracking assets, recording the transactions, and handling the\ndocuments involved in the processes of logistics are concerned. <\/p>\n\n\n\n

Blockchain distributed ledger\ntechnology will not just help in the improvement of service levels by giving\nvisibility of the status of each and every shipment end to end, but it can also\nbetter the on-time rates, and lead to more proactive and dynamic incident\nmanagement. <\/p>\n\n\n\n

Last mile deliveries<\/h3>\n\n\n\n

With the increasing number of\ne-commerce companies, the provision of last mile deliveries is seeing an upward\ntrend in becoming the most important aspect of creating service differentiation\namong all the competitors. In fact, getting the package on the same day of the\ndelivery has become very common today leading to the rise of the same day\ndelivery market. <\/p>\n\n\n\n

A lot of emphasis is being put to\nincorporate same day delivery options in various industries like food,\nbeverages, pharmaceuticals etc. <\/p>\n\n\n\n

Besides same day delivery, there is a lot of expectation among the consumers for greater relocation<\/a> and delivery services. The large retailers like Amazon and Walmart are also being asked to add DIY last mile delivery divisions in their own companies rather than outsourcing. <\/p>\n\n\n\n

So, the constant effort made by the logistics service companies in order to offer efficient last mile deliveries is one of the very promising trends that is expected to offer a lot in the growth of the logistics market. There will be more customer satisfaction as well. <\/p>\n\n\n\n

Big data and data analytics<\/h3>\n\n\n\n

With the usage of data analytics\nand big data in the logistics sector, the stakeholders in the business are able\nto take informed purchase decisions. The companies are taking the help of big\ndata to figure out the potential shortage in future supply, busy periods, fuel\nconsumption, route optimization etc. that in turn, are allowing them to make\ndecisions strategically to improve their positions in the market. <\/p>\n\n\n\n

They are also able to offer a much\nbetter competitive advantage over the other companies. <\/p>\n\n\n\n

Elastic logistics<\/h3>\n\n\n\n

Elastic logistics is creating a lot\nof buzz in the logistics and supply chain industry. It refers to the ability to\nshrink or expand capabilities on demand within the supply chain in accordance\nto the peak periods. Its usage is one of the latest trends in logistics that\ncan aid the companies all over the world by improving customer experience,\nadding real-time visibility, giving agility and scalability and connecting all\nthe processes in business. <\/p>\n\n\n\n

Warehousing robotization<\/strong><\/p>\n\n\n\n

With the arrival of the new age\nfulfillment centers like Zalando and Amazon, the integration of robotics into\npicking, sorting and shipping products and cargo will lead to lot of transformation\nin the warehousing processes in logistics. Constant efforts are being made to\nintegrate robotics in such a manner that will support the existing workforce\nefficiently. <\/p>\n\n\n\n

Drones and smart glasses<\/h3>\n\n\n\n

A significant rise in the\nintegration of drones and smart glasses in the logistics sector is happening, and\nit has helped a lot as far as improving the flexibility and delivery speed is\nconcerned. This in turn, has also contributed to the last mile logistics\ngrowth. Autonomous vehicles, self-driving vehicles and trucks could maintain\nreally high reliability. There was on-time and also same day delivery in both\nrural and urban areas. It is also good for keeping the roads safer by decreasing\nthe traffic. <\/p>\n\n\n\n

The integration of smart glasses\nwith the backing of augmented reality will help to make the deliveries in the\ntransportation and logistics much easier. This is possible by face recognition\nfor mistake free deliveries, hands- free route searches and personalized\ndeliveries. <\/p>\n\n\n\n

3PL and 5 PL<\/h3>\n\n\n\n

Third party logistics (3PL) and\nfifth party logistics (5PL) is expected to have a great impact in the logistics\nmarket. In 2017, 3PL contributed maximum to the logistics market globally. 3PL\nencompassed a wide range of needs of end to end transport and logistics. This\nincludes the transportation of goods, maintenance of inventory logs and travel\ninsurance and offering protection against loss of property. 3PL also helps in the\nreduction of delivery times and decreased procurement costs. <\/p>\n\n\n\n

With the\nincrease in the complexities in the supply chain market globally, it is\nensuring that adoption of 5PL in which the providers, many a times, link the\ne-businesses for achieving minimal cost targets.<\/p>\n\n\n\n

Automation and Internet of Things<\/h3>\n\n\n\n

Automation\nis gaining lot of popularly in the logistics sector, and also with the adoption\nof IoT, that is, Internet of Things. Logistics 4.0 is a very promising trend\nthat is bringing a lot of positive transformation in the supply chain market\nglobally. <\/p>\n\n\n\n

Faults\nlike operator errors, delays in transportation, outdated IT failures, bad cargo\nmonitoring and thefts are getting managed really well with the adoption of\nInternet of Things in the logistics sector. <\/p>\n\n\n\n

There is\na lot a lot of expectation that the next generation of the supply chain\nmanagement will leverage Internet of Things and edge computing in order to\nyield real-time automated insights. Like for example, Internet of Things based\nsystem has been introduced in US based Union Pacific in order to predict the\nfailure of the equipment and to reduce the risks in derailment with the help of\nacoustic and visual censors on the tracks. <\/p>\n\n\n\n

With the\nincreasing adoption of Internet of Things and logistics automation has led to\nthe emergence of connected logistics. <\/p>\n\n\n\n

\u00a0Chatbots and Collaborative Robots<\/h3>\n\n\n\n

Voice-controlled\nchatbots were made to interact with the consumers and perform important tasks\nat purchase points in a supply chain. This includes ordering, shipping, picking\netc. and this thing as per the Logistics Bureau, is trending a lot in the\nlogistics industry. <\/p>\n\n\n\n

Robotics\nis also believed to create a revolution in the logistic sector along with\ne-commerce giants like Amazon. A lot of development in logistics robots will be\ndone to make them perform several other functions in the warehouses like\nstoring, packaging, and picking. <\/p>\n\n\n\n

Collaborative\nrobots will be utilized for increasing the effectiveness in warehousing and\ndelivery operations. The RaaS model that is the Robots-as-a-Service\nSubscription model will help the third-party logistics firms, retailers, and\ne-commerce sites to utilize the robots in order to address the fulfillment\nneeds. This will lead to huge growth in the transportation and logistics industry\nglobally. <\/p>\n\n\n\n

Conclusion<\/h4>\n\n\n\n

The\ntransportation and logistics industry is undergoing a huge transformation. We\nhave already discussed about some of the biggest technology trends that\ninclude:<\/p>\n\n\n\n