Brave New Freight World
Freight’s core business is facing eroding margins.
Over 50% of logistics professionals agree that ocean freight is unprofitable or just breaking even. And about 40% say the same for air freight. Tenders are shorter, spot quotes are on the rise, customers are more demanding and online sales competition from carriers is squeezing forwarders.
But logistics technology is where it got interesting.
Step into any logistics conference and you’ll probably hear that drones, 3D printing and wearables are the future (and we’ve talked about this before). But ask industry leaders which technologies will actually have a profound impact on the industry and the answer changes. Since images speak louder than words…
Logistics leaders are optimistic about the future. And technology is one of the core reasons why. When asked about how they are survive and thrive by 2020, a full 86% of senior logistics professionals see technology as the number one way to deal with margin erosion.