Technology, solutions, and services are constantly evolving in the logistics industry. As the decade comes to a close, it’s amazing to reflect on the ways our industry has changed the past ten years. Competition is heating up, demand is growing, and technology is advancing. Heading into 2020, expect things to be no different with technology and innovation leading the way. Here are just a few top logistics trends to watch in 2020.
Technology and Mobile Applications
We expect that 2020 will leave behind old-school “pen and paper” tactics. Logistics companies will opt for mobile technology and platforms that speed up processes such as identifying inventory, booking and tracking shipments, storing invoices, and more. Simplicity and accessibility to mobile technology will continue to expand the industry.
Data and Analytics as a Service
The explosion of sophisticated data makes it hard to consume and use effectively. As a new decade begins, the logistics industry has already seen companies begin using artificial intelligence (AI) and business intelligence tools to create better decision making processes for customers. When complex data is normalized and consumable, supply chain efficiency is increased. Data as a service is one of the top logistics trends to keep an eye on for the foreseeable future.
Increased Collaboration Between Shippers and 3PLs
Third-party logistics companies will rely heavily on technology to connect with customers and carriers. The transition from EDI to API connections for transportation management systems (TMS) has made it easier than ever before to book shipments, create BOLs, view invoices, track shipments, and more. Collaboration between logistics providers and shippers is crucial in this technology-driven landscape.
Improved Last Mile Deliveries
Last mile deliveries have become a popular topic for logistics professionals due to the increased consumer demand for goods. Retailers and logistics companies should evaluate their current capabilities and make adjustments to accommodate these shifts. As consumer shopping habits switch from brick and mortar stores to e-commerce, you must have reliable last mile solutions that get your products exactly where they need to be, possibly even installed or setup, in a timely fashion.
Environmental Sustainability Practices
Sustainability and green practices have increased the past several years. By finding unique solutions and joining sustainability partnerships and organizations, logistics companies will do their part in finding sustainable solutions. Freight carriers are participating in this trend by purchasing equipment that lower emissions, fuel costs, and more. Look for this trend to continue well into the future.
In 2020 and beyond, the future of logistics will be centered around increasing supply chain visibility and speed. Customers expect to have turnkey, out of the box solutions that will increase the efficiency of their business. Wherever the logistics industry goes, rest assured, Logistics Plus will be leading the way.
Are you heading into the new year with 2020 vision? Contact Logistics Plus for a check-up and let us know what logistics challenges you face in the years ahead!