The logistics industry has been the most profitable business in recent years. Due to the increased demand and raise in population, the E-Commerce & Supply Chain industry is reaping profits, but the COVID-19 pandemic has sorely tested international supply chains, but the cure, in the form of an eventual vaccine, will prove disruptive in its own right, and not just for one transportation sector.
As the peak pre-holiday shipping season looms over US shippers, businesses are scrambling to secure needed capacity while trying to determine transportation budgets for 2021, the greatest potential for disruption and higher costs in containerized ocean transportation, especially trans-Pacific lanes
Since manual processes are not going to help manage the huge volumes of data, one should have streamlined business flow and come up with unique business strategies to cope up with the current trends.
Here are the major trends that could influence in the year 2021:
1. Blockchain Technology
2. Advanced-Data Analytics
3. The Internet of Things (IoT)
4. Artificial intelligence
5. Driverless Vehicles
6. Wearable Device
8. Risk Management
The upcoming year 2021, is expected to see a lot of amendments in the Logistics industry.
Are you going to be ready to capitalize on all the opportunity?!