According to 2016 transportation and logistics research by PwC “only 10 percent of transportation and logistics companies rate the maturity of their data analytics capabilities as advanced”. We mentioned a few examples of when and where speed and timing are crucial in logistics and beyond. It’s clear that supply chains are crucial for all businesses and the global economy as such. In a day and age where customers want speed and have increased expectations, the transport and logistics industry is challenged by just-in-time and near-real-time expectations. Logistikunternehmen hinken bei der digitalen Transformation hinterher. As the Digital Pulse Survey from Russell Reynolds Associates found, over a quarter of T&L companies still doesn’t have a digital strategy in place. Die zunehmende Digitalisierung führt auch dazu, dass neue Geschäftsmodelle entstehen und bestehende Strukturen auf die Probe gestellt werden. Below are several reasons why the transportation and logistics sector needs to – and is – digitally transforming and still has several digitization challenges of well. They will make global chains faster, more resilient, clearly customer-oriented and at a … Let’s not forget that the Internet of Things and its roots in RFID in more than one sense started in logistics, warehouses and the supply chain in general. Research shows how 76.9 percent of executives agree or highly agree that the evolutions towards a real-time economy has an impact on their business processes. Here are a few examples of other areas where they are real game changers. This brings us to the transportation and logistics industry where information management, data, analytics, visibility and king customer all play a key role. It offers new opportunities for logistics as this integrative discipline, managing globally-distributed networks, is an enormously promising field for applying digital transformation … Logistics involves endless movement. Asset management is one of many applications where RFID and the IoT have been present since quite some time as part of end-to-end inventory and asset management solutions. Whether it concerns distributors, end customers, transportation firms, retailers or any part of a supply chain: there is always someone waiting for something. These regional markets accounting for a combined market size of US$7.9 Billion in the year 2020 will reach a projected size of US$13.3 Billion by the close of the analysis period. DIGITAL TRANSFORMATION. All rights reserved. There is still something called warehousing and stock management and supply chain management is far more complex than depicted here. We also mentioned how real-time economy evolutions affect organizations in another article. Commerce Policy | Feel free to skip this part and go to the topics you’re most interested in, using the table of contents above. Or as Gartner’s Peter Sondergaard said in the previously mentioned article on how digital business means big change for supply chains, “the focus is on how the supply chain can consume and leverage data, integrate sensors and other elements of the Internet of Things (IoT) and software for customer segmentation and marketing automation”. plays a key role. We’ve tackled how speed often is a key differentiator in today’s ‘digital business‘ context before. And it is no different in logistics, transportation and supply chains. Die Logistik wird zunehmend bestimmt durch Konnektivität sowie neue Mobilitätskonzepte. Among the many drivers are obviously consumers, users, in other words people, who are expecting more and are increasingly mobile. In today’s digital business reality most good old rules of logistics and supply chain management still are valid but the stakes are higher than ever. Competitors identified in this market include, among others, Read the full report: https://www.reportlinker.com/p05960886/?utm_source=GNWI. When opening the Gartner Supply Chain Executive Conference 2015, Gartner’s Peter Sondergaard stated that, we quote, “in leading organizations, one quarter of enterprise costs will be devoted to the digital transformation.” Of these investments approximately 20 percent will be allocated directly to supply chain transformation, Sondergaard added. Feel free to skip this part and go to the topics you’re most interested in, using the table of contents above. T&L companies need to move up the data maturity level in order to turn possibilities in the sphere of the Internet of Things and cognitive computing into benefits that enable them to transform their businesses faster than is the case today. 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