The shipping industry has begun to undergo an enormous transformation as freight carriers depend more on new ways of accelerating efficiency and implementation of new expedited shipping trends. It is an industry that is fraught with frequent changes. Logistic providers are trying to stay afloat with the current trends in expedited shipping as these trends have an impact on shippers.
We will be examining trends in expedited shipping and its impacts on shippers in 2017:
The days when you need to manually figure out the best route for the driver of a carrier to take is going out of extinction, thanks to the emergence of technology. GPS, as well as autonomous trucking, have now been incorporated by companies that offer shipping and logistics services. The use of GPS technology has enhanced the trucking industry by boosting transportation processes, reducing transit time as well as improving the security of the cargo. Freight shipping is on a whole new level thanks to this powerful technology. To learn more about how trucking technology has helped us, check out our medical industry case study here.
Autonomous trucking has begun to gain some media and public attention, though its impact on the shipping industry is expected to peak in the next few years. Autonomous trucks don’t need drivers, don’t need a paycheck and cannot be subjected to any electronic logging authorization. This has made shipping companies to pay more attention to self-driving trucks as the ideal solution that will get rid of problems that have to do with the shortage of truck drivers and other related challenges. Since autonomous trucking became a reality last year, courier companies have embraced the self-driving vehicle’s technology with open arms, and a recent report even attests to the fact that autonomous trucking will soon be the only option in the nearest future.
Without consumers, there is no business. This means that consumers have the power to shape any business and with the advent of the digital age, the power of consumers has continued to increase. No one likes to be kept waiting at supermarkets or stores, and consumers have taken this somewhat weird behavior and applied it to goods purchased elsewhere online. Customers expect shippers to deliver their cargo today, not tomorrow, and this has made expedited shipping to grow to a whole new level. By observing current demand, logistics providers will need to make use of predictive analysis which will enable them to get ahead of tomorrow’s demands/needs and adjust their operations accordingly. From this, we can understand that expedited shipping is a strategic solution for logistics.
A lot of things can make a consumer desire to return a product. It could be due to a manufacturing defect or as a result of damage incurred when the cargo was in transit, etc. Whatever the reason is, companies need to put reverse logistics in place if they don’t want to lose customers to their competitors. Amazon, for instance, has a powerful and highly efficient reverse logistic strategy in place, and this has made past clients who have earlier been disgruntled because of purchases made on the world’s largest online marketplace to return for another purchase.
The Use of Transportation Management Systems
In times past, freight shipping companies would never have considered using transportation management systems because it was expensive. But times have changed, and the implementation of this technology has seen a massive improvement in the shipping and logistics business.
Transport management systems allow firms that depend on shipping to work with experts in the industry to reach well-informed decisions. This lets users gain access to an online portal that enables users to organize quotes, track shipments, match up loads with the right transporter, etc.
On a final note, freight companies should always stay up to date with trends and technological changes if they want to remain relevant in the business.
The content written in the blog provides general information and discussion about freight forwarding, transport management, and logistic services. The words and other content provided in this blog, and in any linked materials, are not intended and should not be viewed as facts, but rather what we believe about the topic. If the reader or any other person has a concern related to the contents of this piece, please be sure to contact us here.
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