With growing competitive pressure and rising fuel costs challenges in the transportation industry are never-ending. Due to many such factors, companies in the transportation industry are forced to consistently walk the tightrope of balancing price competitiveness and delivering a consistent brand experience.
However, rising labour and material costs along with a volatile demand scenario have made it difficult for companies to establish themselves in the market. This has compelled leading transportation companies to leverage market intelligence for developing effective strategies for growth.To communicate with their trading partners and electronically transfer documentation like purchase orders and invoices.Our providers should be able to support customers by minimizing the inbound lead time.
The global pandemic has made supply chains more critical than ever, with immense pressure to perform. Companies are striving to take on the demand with digital transformation while staying effective, efficient, and profitable. Today, customers look for end-to-end visibility and transparency in transportation and logistics more than ever. Digital logistics adoption addresses the changing customer preferences, supply shortages, and rising transportation costs that have kept logistics managers up at night. Even as the pandemic recedes, companies are more likely to continue digital transformation at an accelerated pace.
According to McKinsey’s new survey, the pandemic has accelerated the adoption of digital technologies in customer and supply chain interactions by several years. As per reports, logistics businesses that use integrated supply chains are 20% more efficient than those without digital integration. Connected logistics leverages the power of disruptive technologies such as IoT, Computer Vision, and AI to transform the supply chain with real-time monitoring, preventive maintenance, driver safety, increased fuel efficiency, and proactive container operations.
