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Author: Ana Stanca
Demand Generation Leader, Enghouse Transportation
In today’s fast-paced and competitive world, the Transport and Logistics (T&L) sector has become an essential element of global commerce. Despite the unprecedented challenges posed by the pandemic, the T&L industry has continued to prosper, ensuring the continued flow of goods and essential supplies.
The rise of e-commerce has dramatically increased the demand for efficient and reliable transportation and delivery services, making it even more critical for businesses to embrace digital transformation.
By leveraging digital technologies, the T&L sector can streamline operations, increase efficiency, and reduce costs. For instance, automation and digitisation can help eliminate errors and delays, optimise routes, and improve inventory management. These benefits can lead to faster and more reliable deliveries, better customer experiences, and ultimately higher profits.
Huge Growth Potential
The transport and logistics (T&L) sector has enormous growth potential, driven in large part by the rise of e-commerce and changing consumer behaviour. With more people shopping online and expecting faster, more reliable delivery options, T&L companies that can provide efficient and high-quality services are poised for success.
McKinsey estimates that the total value of omnichannel distribution will hit $840 billion by 2025. Furthermore, as much as $600 billion of global value is up for grabs by contract-logistics companies, which account for a fifth of omnichannel logistics’ total market value in revenues today.
Overcoming Roadblocks
The transport and logistics sector, especially in key Northern European markets, understands the importance of digital transformation but is being held back by certain roadblocks. These roadblocks include a lack of in-house skills and confusion about the best way to move to digital operations.
Accenture’s T&L paper “Finding the right path to digital transformation” notes that some transport firms are investing significantly in all things IT, but there is a group of companies just behind them, which is succeeding without huge expenses. These companies are called “Efficient Followers,” which are deploying digital capabilities at almost the same level as Leaders, but at half the cost.
To overcome roadblocks to digital transformation in Transport and Logistics, companies can follow the example of Efficient Followers and build a well-balanced portfolio of digital capabilities with moderate investment levels. This requires a strategic and efficient approach to transformation that focuses on deploying the right technology to the right areas of the business.
By doing so, companies can achieve the benefits of digital transformation, such as increased efficiency and improved customer service, at a realistic investment level.
The simple-to-adopt logistics platform from Locus Solutions by Enghouse
The transport industry depends on the best possible flow of goods to have the right products delivered at the right time. That’s why Enghouse Transportation, through its Locus Solutions division, has developed an advanced logistics platform that provides a realistic means for companies to benefit from digital transformation.
Log:Nett EDI is a logistics platform that offers an easy-to-adopt solution for businesses looking to optimise their supply chain processes. It provides access to real-time information, easy shipment organisation, and tight control of transport costs.
Log:Nett EDI enables transport managers to plan the complete daily schedule of their entire fleet more effectively and access accurate pricing. It also offers apps for drivers to receive and process orders, location tracking for managers, and integration with other business and accounting systems.
As a cloud-native platform, Log:Nett EDI offers the latest logistics technology and outsourcing of logistics software, maintenance, evolution, and system support to an expert third party. It’s an affordable as well as practical option, backed up by personalised contact and support.
To learn more, please read our latest whitepapers Keeping Up to Speed With Logistics Transformation Part 1 and Part 2.
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