In a hyperconnected and data-driven world, sectors like logistics have to reinvent themselves and adapt to new technologies. Not doing this meant that they can not be competitive in the logistics industry today.
To be competitive in the logistics industry today is not an easy job. Many processes, professionals, material assets, and more actors, variables and constraints are involved. Moreover, the profit margins are very low for each service, so cost savings is a very important point and makes the difference to be competitive in the logistics industry.
In the following infographic we will show a present and future context of the sector, and how to be competitive in the logistics industry applying new technologies. Seeing in which areas or processes they will be incorporated and bring more benefits.
According to experts in the logistics sector, over the next 5 years:
- 62% think that competition will increase
- 60% believe that costs per trip will increase
- 60% feel that the number of logistic routes will grow
- 54% think that the cost of fuel will increase
41% of these experts believe that new technologies are currently the optimal investment opportunity in the logistics sector. And 43% believe that Big Data, Artificial Intelligence and Advanced Analytics will be the most significant driver of change in the logistics industry in the coming years.
This new technology, adapted to the logistics sector, will have the greatest impact on customer service (46%), reaction to problems (41%), time and routes optimization (40%), asset maintenance (38%), supply chain efficiency (36%) and cost savings (33%).