Today, the transport and logistics sector is undergoing a rigmarole of change. As the complexity of modern-day transport and logistics grow, it is becoming cumbersome to identify the key factors transforming the logistics segment. The complexities usually originate from digitalization, big data, shifts in international trade, software- and machine-driven process changes, and fluctuations in logistics markets’ domestic commerce. While digitalization has grown roots in multiple business processes—from administration to operations all through contracting—logistics analytics solutions providers are beginning to offer remediation of the operational setbacks and help companies remain competitive in the long run.
The advent of blockchain has been a significant breakthrough in the logistics analytics solution space as multiple industry players seek to secure various types of transactions. This ensures a higher level of customer trust that allows complete transparency of the logistics operations until the goods are delivered.
The increased usage of data analytics in the logistics realm is also gaining traction of IoT solutions in the industry. Present-day IoT solutions are overcoming various supply chain setback such as transportation delays, operator errors, poor monitoring of cargo, outdated IT failures, and thefts.
Given all that, the logistics sector owes this transformation to the remarkable use of technology, and omnichannel collaboration with other industry segments. Based on the analysis of the trends, and the evaluation of maturity and potential impact of the logistics solutions, a distinguished panel comprising CEOs, CIOs, logistics experts, and Logistics Tech Outlook’s editorial team has produced a list of the “Top 10 Logistics Analytics Solution Providers – 2019.”