Logistics is a part of supply chain management that is used to meet the customer demands through the implementation, control and planning of the storage and movement of the goods from origin to destination.
Increase in online shopping is due to increasing access to the internet and growing preference of customers for online shopping. In addition, ease of access, convenience related to the home delivery of objects and advantages such as customization and refinement of results from a variety of objects are supporting the market currently.
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The usage of logistics services in different application such as manufacturing, retail, trade and transportation, government and public utilities, healthcare, media and entertainment, telecommunication, banking and financial services, and information technology is expected to rise considerably during the forecast period, which in turn, is estimated to strengthen the growth of the logistics market globally.
Five Emerging Technologies in Logistics:-
*Autonomous Fleet Brings Greater Efficiency
*Data Replaces Fuel as the Biggest Influencer
*New Breed of Technology Players is Less Asset-Centric
*Smart Commerce with Blockchain