Trends That Will Shape Up The Freight and Logistics Industry in 2019

Freight and logistics industry has undergone a great transformation over the past few years.   New technological solutions driven by the latest trends are the main reasons behind this escalation.  The year 2018 saw thrilling technological advances, changes in customer expectations etc. in the transport & logistics sector.


Now, let’s take a look at some of the trends that will drive the freight and logistics industry in 2019:

Digitalisation 
According to a PWC Global Digital IQ survey 2017, 54% of the companies expected that digitalisation would increase their revenues.

Digitalisation has affected various sectors. How can the freight and logistics industry be left behind? Digitalisation is expected to redesign the way consumers interact with businesses.  It will help in a significant reduction in procurement and supply chain costs, thereby improving the overall revenue. Also, the integration of digital channels in the logistics industry will help to improve transparency with the customers, leading to increased safety and efficiency.

Shifts in international trade
With the advancement in technology, existing trade routes will expand and new trade routes will open, leading to better connectivity globally.

The modernisation of railways, highways, telecommunication and other facilities will benefit the freight and logistics companies.  These developments can help to lower the transportation costs and lead to globalisation of transport businesses.

Software-driven process changes
Over the next few years, there will be rapid growth in the software-driven process changes.  The evolution of technologies such as artificial intelligence, big data analytics, block-chain technology etc., will help in improving the efficiency of the freight and logistics industry.  This will allow customers to experience more convenience and comfort.

Supply-chain collaboration 
Freight and logistics companies are using digital technology for supply-chain collaboration.  This practice can prove to be quite beneficial as it will help to lower carbon footprint, increase forecast accuracy, reduce administrative workforce, improve delivery accuracy, reduce costs etc. It will also help to improve customer satisfaction.

Green logistics 
Nowadays, logistics companies are integrating sustainable development goals into their businesses in order to reduce the environmental burden of transportation and supply chains.  This will help to lower supply chain costs, improve process and product innovation and enhance customer loyalty.

These are some of the trends which will drive the freight and logistics industry in 2019.

If you are looking for the best freight and logistics company in Melbourne, get in touch with TSL Australia.  We will make sure that your goods reach the destination within the specified time. 

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