Adapting to the changing work environment is a hallmark of great companies, and in today's rapidly changing world, adaption and innovation have become a necessity.
Among all the industries, the logistics industry is rapidly developing along with the rise in customer demands. Digitization has brought a myriad of change in different kinds of industries around the world, and the global logistics industry is no exception.
If you connect every link of the supply chain digitally, it will enhance the efficiency of a logistics company. Companies with advanced shipment technologies ensure timely pickup and delivery, which, in turn, gain customer trust and thus excel in their field .
Uberization of the global logistics industry is the need of the hour and digitization will help to achieve on-demand mobility solutions.
The logistics and courier businesses are evolving. Thus, it is the right time to understand the benefits of digitization in global logistics.
What is Digitization?
Digitization is competently using technology to create new opportunities that create value for the business. With modern innovative technologies such as IoT and Artificial Intelligence, the global logistics industry can be reformed entirely by digitization for its betterment. The main objective of the logistics industry is to deliver the right product at the right time and right place. With digitization, it can be completely automatized and taken care of.
Digitization will descrease the chances of human error and will increase the synchronization within the team by which the work can be done more prudently.
Application of Digitization in Logistics
With digitization, the era of faster and smarter technologies has just begun, especially in the realm of global logistics. With the advancement of technology, improving the functioning of logistics, digitization has proven its worth as a potent tool in facing the rapidly changing demands of the customers. With the inclusion of digitization, the global logistics industry would witness market growth of more than $16,445 billion by the year 2026.
From self-driving cars to vehicle-to-vehicle algorithms, digitization has brought a new wave of reforms that was duly needed by the global logistics industry. Better communication and better data management have given more control and sustainability to the sector, thus increasing the rate of customer satisfaction.
Critical points for implementing successful digitization in the Global Logistics Industry
Changing trends and customer expectations
Despite all the reforms and changes, the primary thing in the logistics industry remains the on-time delivery of the product. With the inception and now the expansion of online platforms, customers expect to have an immersive digital experience like their real experience at the store. Thus, better product delivery can give you many brownie points, and you will have your name registered in the good books of your targeted customers.
Global market leaders such as Amazon and Wal-Mart are adapting digitization to provide an excellent logistics experience to their customers and to keep their customer retention intact. For example, Amazon provides a two-day product delivery option for over 40 million products for its paid ‘Amazon Prime’ subscribers. On the other hand, Walmart has just joined the two-day delivery bandwagon after overhauling their logistics process with the help of digitization.
With Big Data Analytics, the companies can have detailed information about the customer. It also provides a chance for the user to track their order at every stage of the delivery.
Original source: https://www.logisticsit.com/blog/2020/10/12/how-digitization-boosts-global-logistics-solutions/
Cloud has become the essential cog in the machine that is ‘digital transformation services’.
But how does it enable digital transformation for enterprises?
From being cost-effective to increased agility for enterprise projects, here are 5 key ways in which Cloud empowers digital transformation: Flexibility, Cost-effective, Intelligent products, Security, Collaboration.Visit Please- https://www.sonata-software.com/blog/cloud/leverage-cloud-achieve-digital-transformation-faster
As gaps in capability - especially provision for remote working and dynamic collaboration - have surfaced, so the urgency around digital transformation has intensified.
Professional services organizations have become bolder in their ambitions, too - and are now looking purposefully at ripping out bespoke content management systems in favor of a simplified, consolidated, cloud-based platform strategy.The 'new normal' for professional servicesThere are other strong reasons to invest in change.
KPMG talks about the growing importance of the 'flexible contingent workforce' in future advisory engagements, for instance, envisaging a future in which at least 20 percent of talent - including specialist expertise - is sourced on demand.Professionals themselves have new expectations, too.
Firms that continue to rely on their own physical servers and on-premise data centers to store and manage everything, for instance, are likely to have experienced the biggest issues gaining access to the latest files and client information during lockdown.2: Remember one of the biggest takeaways of Covid: that even big firms can effect change quickly when they need to.We saw this first-hand during the lockdown.
Large professional services firms - which ordinarily might take nine months to conduct risk assessments, vet vendors and consider options from every angle before choosing and implementing a solution– were suddenly strikingly agile.
When necessity called for it, they were able to make and enact decisions within days – even with due diligence.Many had started down the road to deploying Microsoft 365 and were planning or had started Microsoft Teams pilots on a small scale, but the need to get something in place to meet demand turned these pilots into full roll outs, with tens of thousands and in some cases more than 100,000 users deployed in weeks.3.
Technology is blurring the boundaries between digital and physical medical care, which requires healthcare facilities and doctors to exploit the strategic opportunities provided by digitalization.
