The tendencies for 2018 in the logistics business
Logistics is inextricably linked to business. Here are several tendencies for 2018 which are expected to improve the efficiency of the freight forwarding service this year:
An increase of the profits from omnichannel supply
Omnichannel supply will continue to play a significant role in the international freight services and the forwarding services will be organized in a new way. By analyzing the prices of the services in depth the network of freight forwarders will not only decrease the price for the customers but will find ways to improve the shipment organization to achieve greater profits.
Utilization of Cloud services
Cloud based data storage allows for quick and easy access to them at all times and from anywhere. This will help the companies from the European logistics network to ensure faster reactions to the various supply chains and the management teams to better understand the driving forces behind the prices for their logistic services.
The analysis of this huge database is impossible without Cloud based services. They allow for a quick and relatively inexpensive analysis. They also allow for adding more data from the distribution channels.
The use of mobile apps
Mobility has become an inseparable part of business. The development of mobile apps for storage and transport management began less than a decade ago. Today’s modern mobile devices are much more sophisticated and allow for this type of management in logistics from anywhere via mobile apps. The companies which are forwarders throughout Europe provide their employees company software which they can install and use on their smartphones and other mobile devices. The advantages of using mobile apps for their daily work and the quick and easy access to the company information systems from anywhere and at any time are obvious for all employees in the business of logistics.
“Elastic logistics” means faster reaction time. This is a relatively new term which is associated with the need of the European network for transportation to meet the demands of the customers for logistics services as quickly as possible. Apart from the seasonal fluctuations of the demand for logistics services, the more subtle tendencies in the demand for multiple sales channels need to be taken into consideration as well. The hidden and unforeseen costs for the services can also be minimized via elastic logistics. Technologies play a major role for the elasticity. In 2018, expectations are that a greater accent will be placed on elasticity via the use of advanced analytics, artificial intelligence, automation and machine learning in the logistics industry.
Another important tendency which will no doubt continue growing in 2018 is the replacement of the concept that “services support the product” with the new concept that “the service is the product” the customers of the international freight forwarders association are increasingly looking for service packages because they decrease the final costs. This year, the use of pay-as-you-go will develop furthermore.
Striving towards perfect logistics services
This is not new for the logistics business, but due to its impact this motivation for reaching perfection is also an expected tendency for 2018. Customer expectations are constantly rising which will prompt the freight forwarders Europe to offer better and more sophisticated logistics solutions.
Increased connectivity via the Internet of Things
In order to achieve a better connectivity between the growing numbers of devices part of the IoT, the utilization and installation of sensor technologies will grow. Sensor technology will be implemented along with the mobile apps to allow quicker and more efficient control of the services provided.