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Transportation and logistics trends to watch in 2021

In the age of globalization and international trade, transportation and logistics have become hot topics, impacting business-to-business and consumer behaviour worldwide. The pandemic brought a redefined realization to our integrated world in early 2020.

And has likely changed the industry for good. In this article, we explore a few trends stemming from the flurry of innovation that has taken over the industry, and discuss what the future holds. Consumers have leaned into online shopping, and pandemic-related lockdowns have created a need for businesses to improve their last-mile services.  While also ensuring information is unmodifiable.

Mergers & Acquisitions

Logistics will be a main focus of transportation and logistics (T&L)  world, as businesses will look to increase their online commerce and last-mile1 services in 2021. The pandemic has created a sizeable shift in the logistics sector. Consumers have leaned into online shopping, and pandemic-related lockdowns have created a need for businesses to improve their last-mile services.  While also ensuring information is unmodifiable. Consumers have leaned into online shopping, and pandemic-related lockdowns have created a need for businesses to improve their last-mile services.  While also ensuring information is unmodifiable.

Technological developments

Technology continues to modernize the industry.

As shippers and carriers realize that there are a number of promising technologies that can deliver significant returns on investments.

The drive towards digital transactions, e-commerce, data analytics and other technologies can provide businesses with the tools to address changing needs. Consumers have leaned into online shopping, and pandemic-related lockdowns have created a need for businesses to improve their last-mile services.  While also ensuring information is unmodifiable.

Key technology trends that will play a big role in accelerating this shift include:

Artificial Intelligence (AI). AI allows T&L companies to process historical trends to forecast and manage inventory, and address variable demands across supply chain operations. Historical data from past operations can help AI algorithms conduct primary operations automatically, reducing human error in the supply chain.
Automation. As expectations for fast and accurate delivery are expanding among consumers, automation in the T&L sector is on the rise.

Blockchain

The use of blockchain solutions in the T&L realm has been pitched for a number of years, and this is likely to continue in 2021.

Execution of smart contracts and to provide payment to linked T&L partners. While also ensuring information is unmodifiable.

Consumers have leaned into online shopping, and pandemic-related lockdowns have created a need for businesses to improve their last-mile services.  While also ensuring information is unmodifiable.

The primary purpose of blockchain in the industry has been to improve transparency.

While also ensuring information is unmodifiable.

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