While innovation has long been a hallmark of the logistics industry, five key trends are dramatically reshaping the way supply chains operate.
Some companies will embrace these changes and prosper, while others will resist and struggle. But these key trends impacting the industry right now, and nobody will be immune from their effects.
Governments around the world are pushing, and in some cases forcing, logistics organizations to become more sustainable. However, this trend pales in significance to the widespread changes technology is causing throughout the industry.
The Internet of Things (IoT), augmented reality and big data are driving the advent of the ‘smart warehouse’, improving efficiency and helping organizations reduce costs while meeting customer demands.
Lastly, after decades of offshoring due to NAFTA and the rise of China, companies are now reshoring, bringing their manufacturing facilities back to the US.
1. Moving towards sustainability due to government regulations
The United Nations predicts that the world population will increase to 9.7 billion by 2050 and world food production will need to rise by 70 percent to meet the ensuing demand. Governments all over the world are becoming increasingly concerned by both this population growth and global warming.
Download our free ebook to discover how five key trends will impact logistics businesses across the US.