Management consultancy McKinsey estimates the total value of omnichannel distribution will hit $840 billion by 2025, with as much as $600 billion of global value ‘up for grabs’ by contract-logistics companies, which collectively account for a fifth of omnichannel logistics total market value in revenues today. This means T&L companies need to step up their game to meet the new paradigm. How do you do that?
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.
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.
As with every other sector of the global economy, transport, and logistics (T&L) are facing the challenge of digital transformation. The scale and complexity of the challenges can make some companies hesitate but now is the right time to embrace digital transformation and the benefits it can deliver.
Read about the advantages digital transformation can deliver to the Transport & Logistics sector.