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Transforming Logistics through Innovations in 2022

Several challenges face the logistics industry today. But itu2019s overcoming them by deploying new technologies, building sustainable capabilities, investing in integrated freight forwarding systems and fostering better customer experience.

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Transforming Logistics through Innovations in 2022

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  1. ONEPLATFORMFORALLYOURLOGISTICSNEEDS

  2. ABOUT COMPANY ECU360 isyourpersonallogisticscontrol towerdeliveringendtoendshipping services:Quotations,Bookings,Sailing SchedulesandShippingInstructions. Accessible24×7,allinoneplace

  3. TRANSFORMINGLOGISTICSTHROUGHINNOVATIONSIN2022 Afterunanticipateddisruptionsintheglobalsupplychainnetworkin2020,thelogistics andfreightforwardingindustryissteadilyrecovering. Today,it’spoisedforgrowthat6.5%CAGR,from2020to 2027, andwillcrossUS$12,000 billionby2027.Thisadvancement islargelyfuelledbyadoptingLogistics4.0– digitization,betterlogisticsAPIs,automation,artificialintelligence(AI)andfluid communicationacrossthesupplychain. Withrisingdemand,businessesinlogisticsareturningtowardstransformationoftheir processes.Disruptivetechnologiesareallsettogivelogisticsofthefutureafacelift, enablingadigitalsupplynetwork.

  4. HOWTHESEINNOVATIONSARETRANSLATINGINTOLOGISTICSIN2022. MOVINGTOWARDSBETTERCUSTOMEREXPERIENCE DEPLOYINGNEW TECHNOLOGIESFORRISKMANAGEMENT REVITALISINGFREIGHTFORWARDING NURTURINGSUSTAINABLESUPPLYCHAINS

  5. 1.MOVINGTOWARDSBETTERCUSTOMEREXPERIENCE Foralongtime,logisticsandsupplychainsweren’tconsideredanessentialpartof thecustomerexperiencejourney.However,thepandemicturnedthatperspective upsidedown. Today,omnichannelcommerce isrisingasaresultofcustomerexpectationsthata brandbepresentonseveralchannelstocatertotheirneeds.Omnichannel businessesareadoptingan‘anytime,anywhere’deliveryapproachtokeepupwith demand,andprovidesuperiorexperience. Theseexpectationshavetrickleddowntofreightshippingasbusinessesaremoving toanexperience-ledapproach.Multichannelcommercecancircumventlogistics disruptionsbetter,andasaresult,integratedsystemsarereplacinglegacy, disintegratedonesforseamlesscross-channelcommunicationamongsupplychain partners.They’realsoincorporatingsharedassets,beitpeopleorinformation.

  6. 2.DEPLOYINGNEWTECHNOLOGIESFORRISKMANAGEMENT Globalisationhaspeakedforthelogisticsandtradeindustry.Businessesare deliveringproductsacrossboundaries,andtechnologyhasplayeda significantrolesofarinreducingtraderisks.Now,newtechnologiesare takingriskmanagementseveralstepsfurther. In2022,companiesareexpandinginvestmentsinAIforautomationacross processes–warehousing,manufacturing,predictiveanalytics,planningand freightforwarding.Anotherareathat’sbenefitingimmenselyis inventory management.Complexflowsandvisibilityhavealwaysbeenapartofthe inventorysystem.ButwithAIandautomation,stockcanbemonitoredin real- timeandordersdelivered,smartly. Thentherearerobotsforperformingsimpletaskstohelpwarehousing facilities.Theycanprepareconsignments,dropproductsatthedeliverypoint, andevendetectorcommunicatewithotherrobotsinthevicinity.Similarly, self-drivingtruckscouldbeavailableonaglobalscaleinthenearfuture.

  7. 3.REVITALISINGFREIGHTFORWARDING It’spredictedthatthefreightforwardingmarketwillgrowat4%CAGRbetween2021 and2026.Thisis becauseofgrowingomnichannelcommerceandsubsequently, increasinginternationaltradevolumes. Specifically,theAsia-Pacificregionwillbecomethefastest-growingfreightforwarding market.AlthoughNorthAmericahasledtheracesofar,ASEANlogisticsmarketsare attractinginvestmentsfrominternationalinstitutionalinvestors.ChinaandIndiawill benefitfromthis, quicklybecomingthetwocountriestolookoutforintheregion. Tokeepupwiththisgrowth,emergingmarketsarelookingatadoption oftechnologies. AIandautomationwillfindtheirwayintostorageandintegrationofdata,planning shipments,maintainingdatasecurityandenablingeffectivecommunication,toincreasescaleandefficiency. Freightforwardingsolutionswillalsobecomemorecomprehensiveandone-stopin nature.Suchsolutionsreducecosts,increaseprofitmarginsandalsocutdownwaiting times.Moreover,theyavoidadisjointedapproachacrossthesupplychain,takingcareof completelogistics.ECU360’sconsolidatedfreightshippingsolutionsarehelping businessesovercomechallengesoftraditionallogistics.

  8. 4.NURTURINGSUSTAINABLESUPPLYCHAINS Awarenessaboutsustainabilityis growingamongseveralindustries. Consumers,too,preferbusinessesthataddresstheseconcernsandare improvingtheirinternalsystems.Therefore,it’stimefortradetobetruly sustainable,benefitingallthreeelements–people,planetandprofit. Whenitcomestologistics,CO2emissionsareabigconcern.Asper researchbyMIT,freighttransportationisresponsiblefor8%of greenhousegasemissionsworldwide,andemissionsaresettodoubleby 2050.Tothisend,freightforwarding isalreadymakinginroadsingreen supplychains. Thefirstplacetofocusis last-miledeliveries,whichincludesroad transport,astheyaccountfor farmoreCO2emissionsthanships. Conventionaltrucksandvanscanbereplacedbybattery-poweredor electrictransport.Investmentsinrenewableenergywillalsoboostgrowth ofagreensupplychain.

  9. THANKYOU www.ecu360.com

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