Top 10 Logistics Tech Companies - 2018
The advent of digitization has played a crucial role in the e-commerce landscape and has helped retailers in moving their business from traditional brick and mortar stores to digital platforms. As the market witnesses more and more businesses advancing toward online stores, application developers are building new tools to assist store owners in digitally transforming their retail offerings. However, such innovations and tool sets are not just confined to the utility of online retailers or businesses, as they also add an element of transparency to the shipping operations, which help buyers to track their online orders in real-time.
Automation experts have been one of the influential contributors to the e-commerce industry. Be it with the use of drones to deliver packages or streamlining logistics processes for supply chain managers, automation has become more of a vital prerequisite than an alternative preference for the logistics solution providers. Similarly, radio frequency identification (RFID) technologies have enabled organizations to track the shipped products and recall it into the inventory, if and when the product is found to be damaged or malfunctioning. RFID also helps businesses to monitor the goods that are distributed to various warehouses at different locations. The improved global positioning systems of the current day and age (GPS) displays traffic and delivery truck’s information in real-time and transmits the same data to organizations.
Apart from aforementioned technologies and techniques, multiple ventures have also been extraordinarily profited by using robotics, internet of things (IoT), artificial intelligence (AI), and blockchain. With these many innovative choices out in the market, partnering with a pioneering logistics solution provider could prove to be a pivotal move may for organizations in revamping their portfolio. In an effort to guide such organizations toward a reliable logistics vendor, a distinguished panel comprising of CEOs, CIOs, VCs, and analysts along with the editorial panel of CIOReview has selected the “10 Most Promising Logistics Tech Solution Providers - 2018.”