Three development trends of shipping logistics industry in the future
In the future, the development of container shipping logistics industry will face the following three important trends, the first is the increase of LCL. Secondly, especially in the context of the epidemic, the transportation of emergency, standby and timely goods will also increase. Finally, the development of digital shipping logistics will inevitably be further accelerated.
Like financial institutions or automobile manufacturers, container shipping companies are likely to create digital twins (i.e., copy a physical object, process, person, place, system and equipment, etc.) in a digital way, so that they can be more agile in the face of rapid changes in the economy and supply chain.
Nidhi Gupta, CEO and co-founder of portcast, believes that the container shipping industry and supply chain logistics are at the "turning point" of development, because the epidemic highlights the weak links in the supply chain and is also the direction that major stakeholders need to work hard in the future.
"All aspects of the logistics industry are seeking to develop dynamic supply chain. In addition to developing faster online booking system and dynamic pricing function, carriers also need to develop fleet operation data including port congestion data, while freight forwarders need to develop visibility of cargo transportation status, and they must distinguish themselves from other freight forwarders."
"Efficient freight forwarders and companies operating in regional or segment markets will continue to exist, but in addition, there may be considerable integration of freight forwarding business. What remains will be efficient participants. "
Companies like Kuehne + Nagel are flexible enough to launch new service products within three months. "They're still very popular with start-ups," Gupta says, but the pursuit of efficiency must be top-down.
For freight forwarders, the future is to do more with less cost to ensure that they get better return on investment. For manufacturers, they need to have more control over the supply chain.
As a result, the supply chain is becoming more and more complex, and the CEO of portcast believes that "the situation of production nearby will certainly happen, and the new crown epidemic proves that regional supply chain is necessary. Global supply chains will continue to exist, but manufacturers will need to decentralize their supply chains, which will increase complexity, and they will need to decide where to put their inventory, so it's not just in time, it's just in case. "
As consumer demand for rapid delivery increases, all stakeholders in the logistics environment will need to further adapt to the increased demand for LCL, and regional based inventory will help to meet this demand. But in this environment, performance indicators and dynamic decision-making will make KPI (key performance indicators) become crucial, delivery of goods will be faster, but the profit margin will be lower
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