There are many emerging elements that are affecting the logistics industry.
In 2016, logistic businesses all over the globe want to modernise the industry and look for inventive ways to reduce supply chain waste.
Supply chain management has been defined as ‘’understanding and operating an easily overpowering set of variables to achieve a deceivingly simple result: delivering on-time and within budget.’’
The more knowledge the supply chain service provider has, the better the results. (Whether it’s an internal or an outsourced function within the end-user organisation) 2 Flow created the infographic below that details the greatest developing logistics trends and outlines why these trends must be employed as we move into a more digital future.
As the infographic below indicates, over the next number of years, several trends will transform logistics operations, particularly in emerging markets. There are many reasons why new technologies must be embraced. The growing complexity and dynamism of supply chains requires progressively advanced information technology solutions such as the development of 3D printing.
The growth of the logistics industry is no longer driven by exports from Asia to North America and from Asia to Europe. It will come from elsewhere and therefore become more unpredictable. This will see an increase in economic and population growth in cities with infrastructure becoming a major determinant for growth.
For more details, let’s check out the infographic below!
What are your predictions for the future of logistics? Let us know in the comments below!