Innovative IoT solutions are also powering automatic monitoring of cargo, smart driver management, theft prevention, and dynamic route planning. Hence, leveraging IoT businesses can optimize logistics processes to ensure faster and cost-effective deliveries.
Businesses in European countries like the UK, Germany, Spain, and others are juggling with new supply chain and logistics strategies to deliver delightful customer experiences. But making customers happy and staying profitable is not easy. Therefore, emerges the need to digitize the core supply chain and logistics processes to reduce operational expenses and deliver efficiently on customer expectations.
Timely completion of handshakes, deliveries, returns and payment cycles is paramount in the supply chain. Delay in one step would cause a domino effect that puts the entire systemic balance on toss. This is not just undesirable from an operational standpoint, but also makes businesses lose competitive edge.
Just like cricket, supply chain management is a game of glorious uncertainties. Therefore, plan A does not always work. Modern digital supply chains consider various scenarios of demand/supply, work force and fleet availability, traffic conditions, customer preferences, and cost to increase predictability and certainty of operations.
Rising cross-border growth coupled with the advent of new-age technologies Artificial Intelligence, digitalisation and predictive analytics along with anticipatory logistics is making the logistics space exciting for 2018. We have summarised the way the Supply Chain and Logistics will shape up in 2018.
FarEye brings the expertise of working with larger enterprises across the industry verticals including Express, Supply Chain, Retail, Financial Services and Pathology.