With the beginning of 2021 people of the globe hoped very much for better things to come, compared to the complicated and unpredictable 2020. Now it looks like the economy is struggling to come back to the booming economy humanity enjoyed before the COVID-19 outbreak.
With growing competition in the transportation sector, involved companies should deploy new existing technologies and extensively improve the quality of their services to remain in the business. In this article, we’ll find out what are the current trends in the transportation industry and which upcoming winning strategies will lead the entire transport sphere?
Global TMS market size has 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%. But why has the automation of transport logistics and freight operation several years ago and the interest in transportation software development services does not cease?
Have you ever found yourself trying to get a car over the phone with all lines busy, or maybe in a noisy place, where it’s difficult to speak, or vice versa, somewhere you have to be quiet. A tricky task at times, do you agree?
No matter how large is your business and how long you are in the market, year by year, day by day you will ask yourself the same questions, every business owner does: how to improve efficiency, streamline supply operation, broaden market share, decrease costs, gain real-time supply chain visibility and provide maximum customer satisfaction.
We have written already that transportation and logistics constitute the backbone of the present-day economy, we have had a number of successful projects in the sphere of logistics and want even more. Digital transformation in logistics industry steps forward in the modern world and to be competitive modern experts are simply compelled to stay up-to-date.
«When markets are disrupted, the winners are usually those who can continue to create value. So organizations with scale will remain ahead of the game and so will sharp, agile, tech-oriented newbies. Those in the middle of the pack will likely have a harder time facing this changing landscape.»
Atlee Valentine Pope, CEO of consulting firm Blue Canyon Partners
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.
