If you want to see the future in most industries, look to the big players. These are the companies that by definition, that have the most at risk, and also have the most resources to make appropriate investments. Pay attention, and you will be able to learn with a few key observations.
In today’s environment, with overcapacity in container shipping, fuel costs rising, shipping rates under pressure, uncertainty over tariffs, and trade wars looming, long-term planning is impossible. This dilemma - leaves many frozen, or paralyzed by too many variables, and unable to make prudent business decisions. There are no algorithms that can adequately rate all of the factors, assign relative probabilities, for all of the industry participants.
And yet there are a few things that are for certain:
1. Technology will play a bigger role
2. New business relationships are a must
3. Innovation is a key
These trends are not unique to the global container shipping industry. In fact, one could argue that in a competitive industry like global shipping, these are the keys to survival.
Major Logistics Trends Shaping Logistics Management in 2019
Major Logistics Trends Shaping Logistics Management in 2019
1. RFID
2. Omnichannel Shipping
3. The Big Promise of Big Data
4. Embedded Integration Technology
5. Globalization and Compliance
10 Logistics Trends Transforming the Global Logistics Market in 2019
1. Blockchain Technology
2. Digitalization of the Logistics Industry
3. The emergence of 3PL and 5PL
4. Efficient Last Mile Deliveries
5. Integration of Drones and Smart Glasses
6. Adoption of Data Analytics and Big Data Logistics
7. Logistics Automation and IoT
8. Logistics Safety Becomes the Topmost Priority
9. Elastic Logistics
10. Implementation of Chatbots and Collaborative Robots (Cobots)
If you are running a global shipping company, there is NO downtime, NO days off, NO excuses. Expectations are such that your word is your commitment, it is a contract. Sure the paperwork must follow, really the electronic workflow. Intellect Technologies are well past the days of hard copy, errors, and omissions, faxes, etc. Or are we? Our observation is that many global shippers do not have a secure, fully
integrated, real-time, cloud-based software solution that is up-to-date, available, anywhere in the world, from any device, at any time. One that has safe access and integration, to and from its partners, for time and money-saving, self-service functionality. One that minimizes the paperwork.
About Us:
Intellect Technologies have been in this business, locally in the US, since 2005. Intellect eFreight is the most technically advanced single platform logistics solution with global capabilities for Forwarders/NVOCCs. Plus, the market is moving fast towards proactive notifications, alerts and messaging. Are you ready? For a quick discussion or more in-depth analysis of your opportunities, please reply to this email at mgersten@intellecttech.com or call me directly at 551-225-8729. More details visit https://www.intellecttech.com/
