Factors that are driving change in transportation logistics management (Cont.)
Tech and Data Improvements
The way that we collect, analyze, and use data in transportation logistics management has become exponentially sophisticated in recent times. The technology companies are utilizing is changing as well, with AI, IoT, blockchain, and robots leading the way towards more efficient supply chains.
Continued Growth of E-Commerce
There’s no doubt about it, e-commerce is here to stay. Deliver direct to consumers rather than the more traditional brick and mortar or even mail order retail have meant continued shifts in the industry, with transportation logistics being forced to continue to adapt and innovate.
Consumer Demand
Consumer expectation is rapidly evolving. Buyers today expect to be able to hop online and purchase anything they could possibly think of, even personalized items, and they expect delivery to occur within days. In order to keep up with the competition, everyone from retailers to suppliers are having to change the way they operate. Sophisticated, reactive logistics and expedient, efficient transportation are a must.
The Job Market
Unemployment in the month of September
was the lowest it has been in the US since 1969. Low levels of joblessness make hiring and employee retention more difficult, forcing transportation and logistics companies to work harder to be competitive employers. It also pushes transportation logistics engineers to innovate their way to better productivity with their established workforce.
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