Digital logistics platforms disrupting

As the logistics and transport market has entered into a technological transformation, the transport companies need to be prepared to adapt to the change by innovating new business models, claims a study by Navigant Research.

New Delhi: Advanced technology innovations disrupting the traditional transport and logistics industry across the globe. As a result, the conventional players in the logistics and transport system are innovating new ways to survive and sustain their business.

Digital logistics platforms disrupting transport industry

As the logistics and transport market has entered into a technological transformation, the transport companies need to be prepared to adapt to the change by innovating new business models, claims a study by Navigant Research.

In the last few years, a wide range of companies has emerged to provide real-time freight booking and pricing services that have improved efficiency and lowered the cost as well. In the global market, the apps and services like Uber Freight, Convoy, Transfix etc have helped in lowering the labour and material cost as well. In India, Porter and TruckSuvidha too are offering similar services.

Using these service and apps, shippers can view the available trucks and third-party logistics providers nearby and can book directly with a click of a button instead of using the conventional and lengthy brokerage process. The freight capacity too can be easily located using these apps and services.

Known in various names like smart logistics platforms, digital freight solutions, on-demand trucking, or even the Uberization of freight, these companies have one thing in common. They are transforming the speed and way how freight and logistics are brokered.

hese apps and services help the logistics and freight booking market move swiftly and efficiently, removing wasted time on the booking process and getting the right trucks for payload quicker. The study expects the adoption of digital logistics platforms to increase further.

With mobile applications, freight pricing, and matching algorithms becoming more sophisticated and convenient for users over time, these platforms will expand further. Also, implementation of autonomous driving technology in the commercial vehicle segment expedite the process as these logistics platforms can be easily integrated into the self-driving technology.

Source: http://bit.ly/2H8vW1J