LOGISTICS TRENDS SHAPING LOGISTICS MANAGEMENT IN 2022
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With the rise of e-commerce and the continuing shift towards online shopping, consumers are demanding faster and more efficient delivery services. As a result, companies are looking to technology to help them meet these demands.For example, a premium logistics company in Canada is developing an air cargo hub in Kentucky that will employ over 2,000 people. The new hub will see Amazon compete with UPS and FedEx for air cargo shipping services. This is just one example of how technology has changed the logistics industry.
In addition to providing faster delivery times, technology is also helping companies increase efficiency by streamlining entire supply chains. For instance, e-commerce giant Alibaba recently launched a blockchain-based platform for food tracking and supply chain transparency in China. The platform allows users to trace food from its source to its final destination as it moves through various stages along the supply chain, ultimately leading up to when it arrives at a customer’s door. This allows customers to know where their food comes from and how it was produced before they buy it.
Additionally, Amazon recently purchased Whole Foods Market with plans of using their technological expertise to revolutionize grocery stores across the country by implementing automated checkouts in all stores as well as integrating inventory management systems that allow for seamless communication between store locations and distribution centers allowing products to be delivered much more quickly than before. These are just two examples among many that show how technology is changing the logistics industry at large by helping companies improve efficiency across the board while providing consumers with a better customer experience.
Changes that are occurring with development With the rapid development of the premium logistics company in Toronto the demand for logistics talent has increased significantly.
According to a study conducted by PwC, there is a projected shortage of 7 million workers in the logistics industry by 2050 due to an aging workforce and a lack of skilled labor. This shortage is expected to have an impact on overall supply chain costs as well as customer experience. As such, there are many companies that are turning to technology in order to improve their business processes and reduce the amount of human labor required from workers. However, this can be difficult because many established companies don’t have systems in place for effectively implementing new technologies into their existing business models and processes. As such, human capital must be invested in order to implement these new technologies effectively.
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