In the world of cargo freight logistics management, everything must run smoothly. This is because, without it, cargo freight companies around the globe will not be able to operate and interact. For reduced delays for customers, effective trucking service management is essential. But how can a cargo freight company stay up to date with its competitors? By following the relevant trends which will affect shipping, the last mile, the global trade, and the drivers themselves.
Strategy Re-Development for Changes in Global Trade.
In the current global climate, many changes are going on amongst some of the world’s most influential companies. For example, Brexit is currently contributing towards instability and negotiations among many western countries. And of course, the US agricultural industry is under much strain. As such, many freight logistics companies will have to redevelop their strategies to overcome the challenges currently faced in 2020.
Companies are opting for “single window” management
What on earth is “single window” you ask? Well, it’s a concept under the principle of upper management being able to view all aspects of a business using one single platform. This management platform will provide all of the information required to run a business smoothly, and this goes beyond the cargo freight logistics industry. Such integrated platforms will ultimately reduce visibility issues and will use analytics to draw new insights for innovation in the way that trucking service companies operate.
The “Uberization” of Trucking Service & Cargo Freight Management will improve last-mile distribution
As many freight logistics companies are turning to app-based schedules for their fleets, crowdsourcing for last-mile analytics is going to be an incredibly influential trend in 2020. It’s something which has been developing for some time now, though it is becoming increasingly valuable in streamlining last-mile distribution for shippers. This will substantially reduce the strain, which is caused by a shortage of drivers, allowing companies access to private fleets and individual drivers. With the growing demand for drivers and an increasing shortfall, trucking service companies must endeavor to expand their network and collaborate as much as possible.
Blockchain technology is the future
Another influential trend that is hot in 2020 is blockchain-based technology. It’s a fascinating area in which many trucking service companies are in the process of developing. It is for the benefit of all, looking for solutions that will reduce compliance violations while bolstering the trust between companies. You can also expect streamlined payment processing, which fewer compatibility problems. In addition to that, such systems will allow existing systems to integrate far easier, thus helping cargo freight logistics companies to take full advantage of the latest software trends in the future.
What else can you expect?
There is an ever-increasing demand for trucking service and cargo freight logistics services as the e-commerce industry rapidly expands. The only way that companies will thrive and survive in the current climate is through the optimization and utilization of new tools and technologies. We live in a digital world, and it’s time for cargo freight logistics companies to step into the future.
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Changes That Will Affect Trucking Service and Freight Logistic This 2020
Over the years, the trucking service and freight logistics industry has experienced profound changes when it comes to its operations and kinds of vehicles to use to create their way to the market spaces.
In the Philippines, freight logistics companies have experienced ups and downs during the whole year of 2019, which impacted the overall development and production within its industry’s space. There have been several things that also affected the flow and function of the industry, which has changed the current work processes within the logistics industry. Now that we are getting closer to 2020, it is now the right time to prioritize some vital trends that will likely help in this coming year to figure out how it will impact the industry.
Aside from the Philippines, freight logistics industries all over the world experience rapid changes, development to the fantastic application of the technology which is being adapted to the industry today.
Here are the following changes that will affect the trucking service and freight logistics this coming 2020.
1. Technology Improvement
Changes in technology have caused a more significant improvement in different kinds of freight logistics and trucking industry. Start from corporate offices of the logistics companies down the vehicles themselves, technology has been quite impressive.
Offices are now starting to utilize several fully-developed software to help with the operations to become more streamlined and efficient. Trucks that are being used are not fully adapted to the changes to be equipped with better technology compared before; more vehicles are now utilizing smart technology features to improve the freight logistics functionalities.
One of the smart technology features that many trucking service companies have adapted is called track and trace (tracking an order). In this kind of technology, it helps both the customers and logistic company to track orders that are during delivery. It also helps to convey a piece of real-time information to the customers about their orders.
2. E-commerce Influence
During the past few years, the e-commerce industry has boomed tremendously, and we are now living in a world where customers prefer to purchase online than buying in-store. Several varieties of options are available online as well as the vast choices for fashion that come with it. Also, it has made the logistics industry bloom and assisted it in becoming one of the most successful businesses today.
However, it is vital to take note that the e-commerce industry today cannot be completed without the help of trucking service and freight logistics. The E-commerce industry is dependent on assistance from the logistic company to get their orders from one place to another. Meaning, the improvements in this industry is tied up with the developments within the logistic sector.
Since the E-commerce industry will continue to soar high in 2020, a business can be hopeful that their logistic partner will also experience several positive growths.
Another beneficial development that the industry will likely experience this 2020 is the changes and growth of urbanization. During the past few years, most of the country, especially the Philippines, has experienced a wide-scale development, with several rural areas are being converted into urban development.
Meaning, it will now become more accessible for the trucks and other shipping vehicles to traverse through different parts of the country that are not passable before. Also, the trucking service industry will now be able to widen its scope and reach and will be able to provide several services to broader target audiences. Therefore, it helps them to generate tremendously more sales in the process.
Moreover, most rural areas in the Philippines will likely have access to all the possible necessities that urban areas depend on — making it more possible for some companies within the industry to widen their business even further.
4. Fuel Costs
These past few years, fuel costs have risen due to the limited resources, and this will always have an impact on the trucking service industry. Fuel is the most significant factor when it comes to the expenses for logistic companies. The rising costs of fuel is a matter of concern for many companies within the freight logistics industry.
But the solution for this is further than what the industry has in the past. Nowadays, trucking companies can choose to go in for different fuel trucks or electric vehicles to lessen the costs they need to spend regularly. Though, it means that an investment is necessary for these kinds of trucks, which is usually a type of expense that most freight logistics companies cannot incur today.