We live in a fast-developing world, and if big companies want more profit, they have to adjust to the newest trends. You may think that the economy is in a state of crisis; however, it is just a transition to technology-based management. Trends are developing in every business area, and you must keep track of them if you want your business to stay profitable. Logistics management is one of the key elements for every supply chain company, that is why it is essential to explore the latest trends for its development.
The Role of Logistics in Supply Chain Management
The logistics in supply chain management is a unified system which connects production, sales, and shipment. The main task of logistics is to manage the implementation on all stages. The ultimate goal is to develop the company’s productivity as well as increase the profit. Logistics performs many tasks in supply chain management. Among its main benefits are the minimization of the company’s expenses on labor resources and delivery, improvement of the service, providing the necessary documentation, consolidating transportation volumes, etc.
Top 5 Logistics Trends in 2019
If you want your chain supply company to grow in 2019, you have to consider the latest trends. Here are the most important trends in logistics to help your business model advance in the next 10 years.
- Innovative technologies
The development of technology in logistics is one of the approaches to shorten costs while increasing the price-performance ratio. Modern technologies can assist in the implementation of routine tasks that require significant physical effort. DHL has published a report on the current trends in logistics: the Internet of Things, Robotics and Artificial Intelligence are the main innovative solutions for the following 5 years.
Another trend to pay attention to is using software for logistics management. Many medium-sized and big enterprises face problems with functioning transport administration. The logistics management software is a must-have solution to increase your company’s productivity and avoid mistakes. It saves time and human resources, and it enables automation of numerous tasks related to management, customer support, analytics, and reports.
- Automation of logistics
Another technical solution is automation. The high and ever-increasing staff taxes paid by enterprises, as well as the risks incurred by employees, push companies to automate processes that are subject to mathematical algorithmization. Automation provides transparency at all stages. Unmanned stackers and transporters replacing manual workers and shipping agents is already a reality for many companies. For example, the number of Italian logistics companies using robots has increased greatly.
- Customer-related approach
Customer focus will be a key element in meeting customers’ demands with fast and convenient logistics. The increase in the number of products purchased online, especially in the B2B segment, calls for omnichannel logistic solutions. Customer requirements also contribute to the development of conditions and timing for shipping. You should provide conditions for packaging, storage, temperature and delivery terms for such types of products as food, medicine and other perishables.
- Outsourcing
Outsourcing is a fast-developing trend in many business areas, including logistics. Logistics outsourcing is the transfer of logistics processes to a third party. The goal is to reduce delivery costs and to increase the employees’ productivity by attracting one or more qualified professionals – logistics operators. For companies creating products with a high intellectual component, logistics outsourcing allows concentrating on key processes and creating added value without struggling with transportation costs.
- Environmental sustainability and rational use of resources
Modern trends in the logistics industry should be based on the principles of sustainability and environmental protection. Officials at various levels are committed to reducing emissions of CO2 and waste amounts. One of the solutions for switching to environmentally friendly logistics is to convert the logistics park and infrastructure to electricity as an energy source.
The Bottom Line
Logistics plays a very important role in the development and functioning of supply chain companies. A properly organized logistics system allows adjusting the trading process and makes it beneficial for all the parties involved. Do not hesitate to implement the latest trends and technologies into your transporting management. Thus, well-structured logistics decrease costs and boost the performance of the supply chain enterprise.
6 Unexpected Security Concerns, and How to Prepare
As powerful as the Internet is right now, it’s impossible to even imagine where it will go over the next years and beyond. But, as fast as security protection continues to improve, hackers seem to improve even more quickly. Everything from new devices to apps…
Your Business Needs These 13 Digital Security Solutions – Here’s How To Get The Most Out Of Each
How would you characterize your organization’s digital security posture? If you’re not sure how to answer this question, or perhaps would prefer not to answer it at all, you’re not alone. Countless decision-makers, from uber-competent CTOs and CISOs to CEOs and COOs who couldn’t code…
Louisiana And Oklahoma Introduce Digital Identification To Prevent Fake ID Use
Digital ID in Louisiana Utilizing digital IDs has been a commonly broached topic for a while now. Although most states are only either deliberating their helpfulness or in the utmost initial stages, Louisiana has moved forward. The primary introduction of this technology was done back…
ScanGuard Review – Here is What You Should Know
Doesn’t it sound good and satisfying to have a goop-performing antivirus that is reliable enough? Yes, it is. For that reason, you need to be extra careful when you are in search of a good antivirus. Put all the necessary factors into consideration so that…
The Emerging Need for Social Media Security
By the time you’ve finished reading this sentence, nearly 700 passwords have been stolen from social media accounts across the world. Social media security breaches have the potential to cause up to $6 trillion in cybercrime damages by 2021, up from $3 billion in costs…
Website Speed Affects Rankings. Top 5 Things That Will Improve Your Load Times.
By Andrew Oziemblo, Founder & CEO of Chicago SEO Geeks, the digital marketing & SEO agency helping businesses achieve long-term growth goals. There are many different factors that are going to have an influence on your website ranking. This includes everything from on-page optimisation to…
Getting Social Media To Help You Discover More About All Things Related To Technology
There can be no denying the impact that technology, in all its shapes and sizes, has had on the modern world. You don’t even have to think back too far to come up with clear examples of the ways in which technology has changed our…
3 Ways to Prepare For Cyber Security Risks That Employees Must Know
In a world where everything is much easier to do via mobile, app, or device, technology is not going to slow down. We’re all guilty of potentially owning more than one device, whether that is our personal phones, work phones, tablets or fitness trackers. All…
Non-Negotiable Elements For Your Business IT Security Plan
In 2019, having a business IT security plan is more important than ever. An IT security plan is the first line of defense you have for protecting your business – and your clients – against cybercriminals. Cybercriminals include hackers, who frequently obtain personal information with…
Businesses Need To Be Proactive When It Comes To Cyber Security
For business of any size, making sure they are not only compliant with security regulations but continually improving and adjusting the measures they have in place is vital. Quite often the factor which determines how a business approaches cyber security is the mindset of the…
How To Become A Cyber Security Analyst
What is Cyber Security? Cyber security is the practice of protecting a system or network from digital attacks. These attacks are generally aimed to retrieve or destroy sensitive information and it is a serious threat to all the organizations. Who is A Cyber Security Analyst…