Articles

Trends that will shape the logistics industry in the near future:

by Shimoli S. Engineering Graduate

With the technological evolution, every industry is benefitting from it. And the logistics industry is no different. Logistics is the most important factor of e-commerce, retail, pharmaceuticals, FMCG, healthcare and many other industries. Technological advancements have made two prominent improvements in the logistics industry - reducing the cost and increasing the efficiency. The goal of quicker delivery and enhanced customer satisfaction is being achieved by the logistics companies due to the recent technological advancements. Following are some of the trends that will change the future of logistics companies in India:

 

Blockchain:

Blockchain and Artificial Intelligence are already beginning to make its way in the logistics industry. And it certainly has started to show the benefits. It offers another level of security and transparency. It is a secure way of storing, sharing and accessing transactional data. 

 

Elastic Logistics:

Elastic logistics implies to the flexibility to expand and shrink capabilities in order to associate with the demands within the supply chain management system at a particular timeframe. It gives the customer customised facilities like cost control, geographic requirements, warehouse management, delivery based on priorities and many such things. It provides enhanced customer experience, real-time tracking, agility and scalability.

 

Perfect Order Deliveries:

Logistics is ultimately the measure of customer satisfaction. Perfect order deliveries are nothing but the percentage of delivering the right product, at the right time to the right place in the right condition and right quantity to the right customer. This can be extended to e-commerce logistics solutions as well.

 

Rise of Drones:

Automation and mobility act as supporting systems to survive the competition, drones will enhance the performance of the logistics industry. The increase of unmanned aerial vehicles the operational efficiencies of first and last mile logistics will increase. It will also increase flexibility and speed of delivery in metro cities.

 

In totality, the trend is moving towards higher efficiency due to technology, lesser human interference simpler processes, and increased customer satisfaction. 


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About Shimoli S. Freshman   Engineering Graduate

2 connections, 1 recommendations, 27 honor points.
Joined APSense since, September 21st, 2017, From Kolkata, Asia/Pacific Region.

Created on May 16th 2018 04:01. Viewed 655 times.

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