Upcoming Trends In The Logistics Industry

Logistics has come a long way from meeting the bare minimum necessities of supply chain planning, on-time deliveries, keeping up stocks and managing warehousing for companies. Within the next decade, the industry is estimated to grow by 5.48% globally. The Indian logistics industry alone is estimated to be valued at $380 billion by the end of 2025.

However, logistics like any other booming industry is on its way to transformation. One of the major trends in logistics came about during the most trying times in the global market - the pandemic. As a result of the pandemic's profound technological transformation, logistics has seen digitisation and transformed into e-logistics. By 2027, this industry's digitization will seemingly grow at a rate of 8.5%.

But that’s not all! The industry is really going to take off in the upcoming years with a more user-friendly and environment-friendly outlook.

Trends in the Logistics Industry

• >> Blockchain Integration: Blockchain has already taken off in the past decade and proven itself a useful tool for businesses all over the world. With its integration into logistics, blockchain can really transform the way logistics work by providing more transparency to customers at every point of the process and improving the way last-mile deliveries are met. With blockchain automation, lesser effort will be required for managing inventory and warehouses while minimizing difficulties in supply chain management by the companies. It might be able to analyze the production and shipping data and find more cost-effective ways to deliver goods to customers.
• >> Technological Advancements: It’s no news to us how technology is advancing every day. The logistics industry is catching on and hopping on for the ride as well! The Ministry of Civil Aviation of India has already shown interest in developing India into a global drone hub. With the right R&D efforts to recognise the hindrances of the industry, we might see commodities flying home to their rightful owners very soon.
• >> Sustainable Operations: Sustainability is a big theme for the world in an effort to build eco-friendly operational capacities across all fields. Green logistics might be the biggest and most anticipated trend for the logistics industry in the upcoming years. Vehicles powered through green energy like solar panels or replacement of gas vehicles with electric ones may prove to bring about a considerable sustainable shift in the industry.
• >> Cloud-Based Systems: A cloud-based system, or cloud computing, involves anything whose last-mile delivery can be hosted via the internet. With the widespread adoption of the internet in recent years, cloud computing has taken over many operations that were otherwise handled manually. Migrating to the cloud has helped businesses of all scales in better information storage and faster data transformation, better security through data encryption, wide accessibility to better monitoring tools, and less investment in hardware maintenance. With the integration of logistics into the cloud, the major chunk of manual work will be done in much lesser time and with more efficiency and accuracy.

Conclusion

In a broad outlook, the logistics sector is expected to grow significantly by the end of 2027, with heavy investments in R&D, AI, IoT, green solutions and other advanced technological integrations. As a result, customer serviceability and satisfaction is expected to improve with more transparent operations every step of the process. Moreover, it is anticipated that most of the businesses over all sectors will migrate to web-based logistics solutions offering better efficiency and cutting down manual efforts widely.