The future of logistics and transportation will be shaped by several factors. Interest in cargo transportation has been growing for several years, and existing transportation volumes are beginning to strain the current framework. Additionally, population shifts indicate an increasing number of urban residents. The growing individualization of society is another factor that will affect how logistics are coordinated in the future.
As a result, logistics and transportation are changing quickly. The growth of these industries will be more fragmented, volatile and unpredictable. Cities will be the centres of economic and population growth, and the logistics industry will need to be nimble enough to adapt to these changes. Technology is playing a greater role than ever in the logistics and transportation industry.
The pace of innovation and disruption is causing some companies in the logistics industry to struggle to stay current. In order to stay competitive, logistics businesses must be able to adopt the latest trends and invest in the latest technology. In the current economic climate, digital disruption is becoming a key part of many business strategies. As trade continues to expand, logistics and transportation will need to adjust their role to capitalize on these investments.
Using real-time data feeds from multiple sources and securing the connectivity of edge locations are all critical to the future of logistics and transportation. With the majority of automakers committing to electric vehicle fleets within the next decade, it is important that these fleets share data from the vehicles.
