Freight Industry Predictions for 2019

As we have just headed into 2019, huge predictions are already made regarding the trends in freight industries in Melbourne. It is expected that international freight marketplace will continue to face challenges with the supply chain. However, the year will also bring numerous positive opportunities for the shippers in terms of digital transformations and technologies. Such sort of things will contribute to the improvement of freight company’s bottom line profits, operations, and efficiencies. Below are the supply chain & freight predictions we foresee in 2019:

Massive transformations- holistic and worldwide supply chain strategies

To be competitive, logistics companies have to rely on the supply chain and trade compliance personnel to tamper with varying supply chain operations and strategies. For this, they need to specifically focus on understanding and extenuating the function of tariffs on the organisation financials, administering universal operations risk, dealing with continuing business ambiguity and increased worldwide supply chain costs.

Putting Intense Concentration on Data Analytics in Supply Chain

For professionals, data analytics serves as a significant key for examining, analysing and interpreting data associated with the tariff risk, manufacturing costs, supplier risk, and logistics costs etc. With the help of supply chain experts having knowledge of using advanced analytics software and well-honed analytical skills for reporting and mining data, freight companies can expect better and more informed decisions.

Expansion of Economic Power and International Reach

As most of you know that China has invested in the development of One Belt One Road in Africa and the Middle East, including infrastructure investments in ports, bridges and rail lines etc., this may put a tremendous impact on the global freight market. This will also benefit China to stay ahead from other nation’s economic growth because they can build long-term relations with trading partners and better economic ties. With the expansion of international trading routes, other countries can also experiment with making shipments through shortest paths. 

Quicker Delivery of E-Commerce Orders

With the advancements in freight companies, the expectations of consumers have also increased. They nowadays demand fast and secure delivery services from logistics organisations. This may challenge logistics service providers, carriers and retailers, making essential variations to the locations and warehouse design, and increase competition and wages for the workers associated with the supply chain.

Intensified Technological Innovation and Disruption

Technological advancements such as the Internet of Things, on-demand logistics, big data, automated equipment solutions and sharing economy will influence the supply chains throughout the globe. This year, freight companies in the supply chain and logistics space will continue to have the benefit of innovations such as AI (Artificial Intelligence), blockchain applications, robots, freight demand, and supply matching technologies that can bring reduced supply chain costs and better efficiency.

These are some predictions for the freight companies, in 2019!

TSL Australia Logistics is one of the leading and reputed airfreight providers in Australia. We believe in the incorporation of innovative and fresh technologies, for the betterment of our services. In 2019, we will consider effective rules and regulations associated with the freight & logistics hence, committed to offering security to the shipments in Melbourne. This year, our customers can expect improved transparency and freight solutions from us.