Top 10 Logistics Tech Consulting/Service Companies - 2020
One of the core principles of any logistics company is corresponding with customers’ expectations by providing seamless services and delivering orders on time. Before for customers, it was already enough to have goods delivered from one point to the destination point, now, as the technologies have evolved, customers demand total traceability throughout the whole delivery process. The main principle of SCM (Supply Chain Management) is to develop a system that would coordinate all the supply chains in the most optimized way possible. The absence of adequate SCM software leads to delivery time failures, clients loss, partners’ loyalty decrease. Logistics is a very economically significant industry, so even a small insignificant defect in the system can cost businesses thousands of dollars. While the transportation and logistics (T&L) industry has observed steady growth for more than 10 years and now represents an over $300 billion industry, it is still growing. With this continued growth comes three major challenges; agility, sustainability, and visibility. Companies are looking to digital transformation to address those challenges.
Supply chains have become more sophisticated because of technology. Technologies like AI, big data, automation, and 4G have made it possible for vast supply chains to function like clockwork. Without these technologies, many new supply chains would become unwieldy and difficult to manage. New age logistics companies are using technology to make massive supply chains easier to manage. A few ways they are leveraging technology to increase the efficiency of SMEs supply chains are as follow.
Before new-age logistics companies, SMEs had difficulty shipping products. They faced challenges because shipping required an army of workers to transport, label, and monitor shipments. Because of technology, what earlier needed ten dozen workers can be done with less than five workers. Products can be labelled automatically and be monitored and tracked by just four workers seated before a logistics control centre. They are fed real-time information about every delivery and alerted when they need to decide. Because of automation, many SMEs have become successful in industries they wouldn't have ventured into earlier. New age logistics companies are helping SMEs become more efficient by assisting them in shipping along optimised supply chains. Technology in the hands of logistics companies is helping SMEs lower costs and giving customers the kind of experience, they expect.
We present to you, “10 Most Promising Logistics Tech Consulting/Service Companies 2020.”