Data science and analytics have the potential to transform the logistics industry, which is often perceived to be better off with legacy systems. Data-driven logistics organizations know how to create value by applying the knowledge from analytics to improve efficiency and competition.
According to a report by alliedmarketresearch.com, the global supply chain analytics industry was valued at $4.53bn in 2019 and is expected to reach $16.82bn by 2027, growing at a CAGR of 17.9 percent during the period.
The unprecedented increase in demand for logistics analytics can be attributed to the rising volume of business data across sectors such as manufacturing, retail, and transportation, the increasing need for improving operational and supply chain efficiencies, and the growing adoption of big data technologies.
With advanced logistics analytics tools, businesses can interactively derive insight from vast volumes of streaming data for real-time analytics on inventory optimization, route optimization, and transport analytics. By applying advanced transportation analytics, route planning and optimization, just-in-time delivery optimization, and condition-based equipment maintenance, logistics professionals can gain deeper, faster, actionable insights into operations, customers, and markets. Supply chain visibility technologies such as GPS transponders, RFID tags, truck telematics systems, and electronic logging devices enable logistics companies to track the location and status of packages all the way from the POS to the end customer.
This edition of Logistics Tech Outlook delivers a bird’s-eye view of the recent developments in the logistics analytics arena and insights into how companies are aligning with these trends and adopting new ways to shape the future of data integration.
We have curated thought leadership articles from industry experts, including Massimo Sapone SVP of Logistics and Distribution Planning North America at EssilorLuxottica, Piotr Sedziak VP of Transportation and Logistics at NRI Distribution, and the Orbico Group Supply Director at Orbico Group.
We also took a deep dive into the market trends to narrow down the list of companies delivering robust logistics analytics solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as Reveel and ThroughPut, Inc., help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Logistics Tech Outlook’s Logistics Analytics solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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