5 Trends That Affect the Logistics Industry

01 January 2020       Blog

Technology helped shape the logistics industry into what it is today, so it makes perfect sense that lots of things in technology and modern trends can affect the future of logistics.

For example, every time a new and successful online store launches, the logistics industry enjoys growth because everyone that buys from these online shops will need their products delivered to their doorstep. Every time a new business launches and needs to ship goods down their supply chain, the logistics industry is once again boosted and more carriers are required to transport these new products.

Not all trends are good for the logistics industry though. Businesses whose products fall out of demand can easily discontinue their services which results in a decline in the amount of carriers required.

It is important for freight companies like us to keep our eye on trends that could impact the logistics industry. By focusing on these trends, we can make provisions for good and hard times so all of our customers can continue to enjoy the best service delivery at all times. Here are a few of the top trends that could affect the future of the logistics industry.

1. Increasingly Tech-Savvy Workforces

Everyone is embracing the comforts of technology which has a huge impact on the logistics industry. In our current generation, businesses all over expect interfaces and equipment that enables them to instantly track and monitor their freight.

Everyone expects digital documentation processes because the transfer of digital files and information is a lot easier when it can instantly be shared across different platforms and different software devices.

Leading freight companies like Freight People love how technological advancements can improve the logistics industry. We aim to be early adopters of the latest advanced tech devices, software and management systems in the industry. This way, we can keep track of our cargo much better and automation makes it a lot easier to disseminate information with our customers and carriers who might be in charge of cargo.

2. Patterns of Growth

In the past logistics industries used to be affected by Asian, European and North American transport but today, this growth is quite unpredictable because many patterns and businesses could influence markets and as such could affect the logistics industry.

3.‘Uber-isation’ of Trucking

Load sharing by carriers and trucking companies enable freight companies like us to reduce the cost of our transportation rates and make it possible for us to accommodate smaller businesses.

The apps and leading software we use enable us to see which trucking and freight companies are close to our customer locations and what available space they have so we can instantly connect your cargo to the best carrier for quicker transportation.

4. Political and Economic Changes

Economic and political influences will always affect the future of the logistics industry. Whenever political changes or economic aspects affect businesses, these businesses become restricted in the number of sales they enjoy and can affect the efficiency of the entire logistics chain.

5. Security Changes

Modern security solutions such as cloud technology have made a huge difference in the security of products in transition. In the past, it used to be challenging to figure out where packages are and when they are to be delivered.

Cloud-based systems enable us to provide customers with real-time tracking so they know exactly where their goods are. These systems make a huge difference in security because everyone knows exactly who handled products last, where these items are heading and can instantly see shipments that are questionable or heading for the wrong destination.

There are several trends that affect the logistics industry but when you trust your cargo in the hands of a modern company like Freight People then these changes will always count in your favour.