Is there a future in logistics?

Is there a future in logistics?

The future of logistics will be defined by data, analyzed by artificial intelligence and driven by machines. Gartner has predicted that by 2023, AI techniques will be embedded across 50% of supply chain technology solutions.

What will logistics look like in the future?

The logistic industry is going through a time of rapid and unprecedented transformation. The future of logistics is paved with innovation and technology. It was not long ago that ideas like 3D printing, the Internet of Things (IoT), drone delivery, and augmented reality were things of science fiction.

Is there demand for logistics?

Given the massive size of this career field, it shouldn’t come as a surprise that there’s a pretty steady demand for skilled logistics professionals. The Bureau of Labor Statistics projects employment of logisticians to grow 4 percent from 2019-2029—on pace with the national average.

What are the new trends in logistics?

8 Major Logistics Trends Shaping Logistics Management in 2022

• RFID. …
• Omnichannel Shipping. …
• The Big Promise of Big Data. …
• Embedded Integration Technology. …
• Globalization and Compliance. …
• Integrated 3PL Services. …
• Re-Optimized Service Lines. …
• Embracing Modern Integration Technology.

Is the logistics industry growing?

The global logistics market is expected to grow at a 6.8%1 CAGR during 2022-2030, particularly due to surge in e-commerce logistics, containers shortages, closure of major ports causing port congestion, shortage of truck drivers, andrestricted capacity in the air freight market.

What is the future of 3PL?

In 2021, the 3PL market had garnered a valuation of USD 968.92 billion. MRFR, in its recent market analysis, asserts that the global third-party logistics market would further touch a valuation of USD 2,137.12 billion by 2030, registering 9.1% CAGR during the assessment period (2022 – 2030).

What is the future of logistics and supply chain management?

The logistics and supply chain market in India is expected to touch $307 billion by the end of 2021. Do you know that India currently is the prime destination for logistic service providers globally? It is being estimated that there can almost be a 9-10 percent growth in the next few years.

How technology is changing the future of logistics?

Improved technology has also increased productivity in the supply chain, minimizing costs and errors. These advances benefit all areas of the logistics industry: trucking transportation, international transportation (ocean and air), supply chain management, and shipment tracking.

What is the last mile in supply chain?

In supply chain management, the last mile describes the difficult last part in the transportation of people and packages from hubs to their final destinations. Some of the problems of last-mile delivery include minimizing cost, ensuring transparency, increasing efficiency, and improving infrastructure.