How Much Does It Cost to Build a Transportation Management System?
Global TMS market size exceeded $2.5 billion in 2019, and it is expected to almost double and reach $4.8 billion by the end of 2025 with an overwhelming annual CAGR of 14.5%.
Global TMS market size exceeded $2.5 billion in 2019, and it is expected to almost double and reach $4.8 billion by the end of 2025 with an overwhelming annual CAGR of 14.5%.
The changing world changes consumers, their demands and expectations, as a result, shipping service goes up to new heights annually and the role of parcel shipping is re-prioritized. The shippers now need to rethink their strategies and find ways out of the challenges they face.
Natural Resources Defense Council (NRDC) estimated that up to 40% of the food produced in the US is wasted, which results in a $218 billion annual loss. The experts consider that to a great extent it’s due to the problems within the supply chain. The specialists often lack adequate data for effective decision-making. Thus, approximately one-third of fresh food is spoiled prematurely, and it results in the increased costs for the farmers, shippers, retailers and, of course, consumers.
Modern logistics and supply chain processes are being continuously reshaped nowadays. Transformations taking place start from the very core and result in more refined and fast logistics procedures and the way they are managed.
The complexity of processes and constantly growing demand for logistics services determine the major factors influencing the approach to the supply chain issues. They are efficiency and speed, which are able to provide tremendous competitive and business advantages to the enterprises if properly organized. And it actually does not matter if it’s a manufacturing corporation, a logistics company or some kind of a startup related the supply chain issues.
Revenue from the long-distance freight trucking is expected to grow about $108B by 2020 only in the U.S. Logistic software automation is huge, however, the transport logistics automation is extremely low. The project for logistics sector can become a blue ocean for your startup. And if you are a transportation company’s owner — customized automation solution will help beat the competition and increase your profits. TMS logistics meaning probably the most demanded solution for transport logistics automation. What is the transport management system definition and what opportunities does it open up for the transport industry?