Upcoming Trends that can impact Logistics Industry in the Next 5 Years

In the world of Logistics, new trends have emerged whilst others have evolved. These can be with respect to technology or business in general, but have the potential to create long-lasting impact in the industry. But the question remains, ‘How long would we have to wait for these trends to become a tradition in the current market?’ Well, for now, let’s take a look at the trends that come into the fray within the next 5 years.

TimeImpact-01

Social & Business Trends

  • Anticipatory Logistics: It is a system made of information which anticipates the requirement of customers’ needs that the suppliers can provide adequate service production to meet their needs.
  • On-demand Delivery: This concept utilises the power of flexible courier workforce to enable customers to have their purchase delivered whenever and wherever they need it.
  • Omni-channel Logistics: It provides logistics networks tailored to the needs of each single channel.
  • Shareconomy Logistics: Logistics providers can share their existing resources to become more cost and time efficient, as the shift from ownership to asset sharing has become a trend in recent years.
  • Smart Energy Logistics: This includes the adoption of electric mobility solutions in logistics, along with innovative energy harvesting, storage and distribution concepts.
  • De-stressing the Supply Chain: Basically, this can be done by tactically ‘slowing down’ transportation such that it balances the supply chain, cuts storage costs and even reduces carbon footprint.
  • Fair & Responsible Logistics: It is the intersection between the need to remain competitive and the need to increase sustainability, like improving the welfare of society and the environment.
  • Convenience Logistics: With an increasing demand of 24/7 availability and convenience in online shopping, this concept would provoke a high demand for new delivery solutions.
  • Multipurpose Networks: It refers to the utilisation of existing networks and infrastructure for transportation of goods, which can be enabled to by innovations in transportation, packaging and real-time supply chain monitoring.

 

Technology Trends

  • Internet of Things: It revolves around increased machine-to-machine communication, and is built on cloud computing and networks of data-gathering sensors.
  • Robotics & Animation: It can enable new levels of productivity with zero-defect logistics processes.
  • Cloud Logistics: It can enable an all new ‘Logistics as a Service (LaaS)’ based business models where logistics providers can use modular cloud services on demand using a pay-per-use approach.
  • Big Data: Working on big data offers huge opportunity in areas such as communication, process execution, and minimising health and safety risks in supply chain.
  • Augmented Reality: By adding virtual layers of information onto a heads-up display, it can enable workers by providing the right information at the right time and place.
  • Low-cost Sensor Technology: With access to low-cost sensors, logistics is likely to increase its use, which can create smart infrastructures for monitoring, inspecting and volume scanning in supply chain.

Visit www.gopigeon.in to post your queries. Send your parcels across the world at lowest prices.

 

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