Business expansion often necessitates multi-party coordination, compounding the complexity. The logistics industry is being significantly transformed by digitalization. In addition, fragmentation in the sector, the complexity in different goods, and the absence of a strong global industry association to lead standardization and pricing transparency have led most companies to consider themselves price-takers. The customer needs in logistics and travel increase because the number of providers grows per annum. Networking and transparency are undeniable assets, too. Digitization and automation are also having an impact on the logistics industry. From order management and route planning to the connection of drivers. But this requires the cooperation of a large number of relevant market participants and the agreement on a standardized approach. Digitization in logistics has historically been low. It is necessary to regularly analyze the flow of goods in the logistics network and to create new concepts to improve transport planning and management. This is where the real opportunities for digitalization in logistics lie. After all, just as technology is evolving, the workforce is too. These technologies can offer many exciting and game changing opportunities for established logistics companies like Kuehne + Nagel: from driverless vehicles, automated warehousing to drones and autonomous handling equipment, human intervention will be needed less in the physical supply chain process. Digitization in logistics Digitization or digitalization means basically capturing an analog signal and converting it into digital form for the purpose of generating a digital representation that can be electronically stored or processed [1]. Many years ago, the digital evolution began with standardization, automation and computerization. Kuehne + Nagel is engaged in two proof-of-concepts. Growing need for contactless transactions The pandemic has also heightened awareness of the risk of infection with frequent handling of paper and physical interactions. Noting that digitization is the need of the hour for the logistics sector in India, Kumar said that government should promote and encourage the tech players to come forward to assist in a swift turnaround of the orthodox working model of the logistics sector. Feel free to skip this part and go to the topics you’re most interested in, using the table of contents above. The supply chain management follows the trend of digitization and globalization so that technologies can be used to analyze massive sets of data. GROWTH SOLUTIONS. Currently, the launch of first prototypes across different industries is about to reveal the real-world potentials and limitations of the blockchain technology. In other words, digitization is about converting something non-digital into a digital representation or artifact. Enabling technologies such as sensors, IoT, data analytics, and robotics are being deployed into specialized applications for the logistic sector. Companies have two to three years to digitize their supply chains, or they’ll face severe business consequences. The transformation of logistics processes makes the supply chain more flexible and transparent. Digitalisation also creates new opportunities for business and has the potential to change the way cargo and traffic flows can be organised and managed in the future. Digitization will enable the S&L industry with insights-led decisions to improve every segment of the shipment value cycle. A win-win situation for everyone involved. With major consulting firms like McKinsey predicting that aggressive supply chain digitization can increase annual revenue growth by 2.3%, digitization is crucial to companies’ ability to compete in a rapidly evolving, omnichannel business environment. However, small and medium-sized companies lack market overview, project resources and the time to deal strategically with this topic. According to the 8th Hermes Barometer, 42 percent of companies have successfully created awareness for the need to digitize. gKNi provides early insights of key economic figures up to 55 days earlier than other estimates on trade related indicators. Today, data processing, connectivity and the use of state-of-the-art software and technology are key elements in the success of digital transformation. Digitization and the strategic use of new technologies are already a priority for many transport and logistics companies. The added value of digitalization in logistics systems is to improve the logistics services for customers. As a result of what customers expect - speed, efficiency - the logistics companies are forced to place the customer experience at the heart of their business model. According to the 8th Hermes Barometer, 42 percent of companies have successfully created awareness for the need to digitize. “The industry leaders are already in the midst of digitalization in logistics. What is it? Admittedly, for some digitization is more than what we just described. Whether it is pedestrian accessibility, public transport or city logistics – Petra is interested in solutions that move people and goods in a sustainable and efficient way. The benefits of digital transformation completely depend on what you need to succeed where you are now. In some cases, employees may need to learn these new tools and adapt them to their workflows. Consumer Insights; Investment Research; Market Research; Opportunity Benchmarking; Partner Research ; Strategic Planning Research & Advisory; Thought Leadership; RISK SOLUTIONS. After all, just as technology is evolving, the workforce is too. This is due to its many inefficiencies resulting from a large number of key players along the value chain and the intermittent exchange of information. From production and storage to picking and transport everything must be considered end-to-end. The days of a silo-based supply chain are long gone. If you want to grow, you have to draw the right conclusions from your data, merge technologies and make your own services available to a larger whole. Maritime Shipping and Logistics companies need access to real-time data to increase efficiency & improve revenues. Transport quality and reliability improve. We’ve tackled how speed often is a key differentiator in today’s ‘digital business‘ context before. In a second activity, we’ve collaborated in a consortium to demonstrate that a solution based on blockchain can eliminate the need for printed shipping documents and save hundreds of millions of dollars annually. Sensors have been used successfully for several years, such as for the product KN Pharma Chain for tracking high value shipments. Although they do recognize the advantages. They also recognise the opportunity to … When used well, speed is a competitive advantage. More and more companies are adopting digitization. This guide offers objective insights into the advantages of digitizing your logistics operations to better position your organization. More info, copyright © 2020 logisticstechoutlook All rights reserved. A digitization strategy has been developed by 27 percent and 19 percent have started to implement it. A successful digitization strategy will depend upon a deep understanding of emerging technologies, the ways they could transform customer interactions, the pace at which they might be adopted, and how these factors might change industry structures and cause shifts in revenues and profit pools. 2. By clicking any link on this page you are giving your consent for us to set cookies. In the near future, it may be the norm … Unlike traditional logistics methodologies, digital logistics fuels the agility that modern supply chain enterprises need to properly communicate with each member of the supply chain. The adoption of partnerships, contracts, joint ventures, funding, and new office establishment strategieswould allow them to … Digitization is evolving traditional logistics roles to create new, strategic opportunities for the workforce. Automating supply chain processes, though innovative and cutting-edge, must not be looked at myopically, but with the need for a perspective on the number of ground-level staff that automation would end up replacing in the future. Their know-how is very pronounced, and they can offer customers all services along the entire supply chain from a single source. The pandemic has brought a very important fact to our attention- Freight Forwarders need to digitalize. The need to “step out” and help in any way that… Supply Chain; Uncategorized; Digitization of the Supply Chain. 6 Key Technology Trends of Digitalization in Logistics. The benefits of digitization in logistics span from automating simple data entry tasks to integrating customs applications that will make sure import and export laws are adhered too. An Adroit Market Research study projected digital transformation in the transportation and logistics market to reach US$145.28 billion by 2025. Victor Elmann, Vice President, Vendor Management, Circuit City Corporation, Inc. Brian Bowers, COO, Visible Supply Chain Management, David Fraas, Director of Information Technology, C.H. Getting It Done Remains An Issue . For this to happen however, the misconceptions regarding digitization must be dispelled. Digitization across the value chain. In this Harvard Business Review webinar, Stefan Schrauf—co-author of “Industry 4.0: How Digitization Makes the Supply Chain More Efficient, Agile, and Customer-Focused” — … This article first appeared in the TIACA newsletter of October 30, 2020 “I use to send my trucks to the airport with no clarity on whether there was any cargo to pick up.” The paper also makes a number of general recommendations with regards to further initiatives to make progress on electronic transport and logistics. This paper answers current, fundamental questions posed by logisticians in the course of digitsation and digital transformation of their business. “We also help companies identify their growth opportunities, develop and implement strategies for their logistics processes or find suitable cooperation partners to open up new international markets,” says Scherer. Digitization is evolving traditional logistics roles to create new, strategic opportunities for the workforce. Logistics industry knowledge, market insight, expertise to create added value and a wealth of information generated by logistics data lead to Kuehne + Nagel’s unique market intelligence. It is an enabler of collaborative business networks, and the supply chain industry may benefit by eliminating inefficiencies and gaining speed. Environment and resources benefit from positive effects. With the use of this form I agree with the storage and processing of my data by this website, as described in the, Yes, I would like to receive the PTV Group's newsletter. PTV Group plans and optimises everything that moves people and goods worldwide in a safe, sustainable and efficient way. As a result, power fell into the customers' hands - their barriers to change were smaller. FREMONT, CA: Supply chain has extended across the borders and delivered various opportunities and … Logistics Technologies: Digitization, Data Analytics and Drones Logistics costs for healthcare and life-sciences companies vary from 5 to 15 percent of industry revenue and are increasingly targeted as an important focus area for controlling cost and improving margins. Of course, a lot of questions arise at the beginning of such transformation processes: Do we still have the right processes in place? This is the only way to achieve higher levels of efficiency and significant improvements. The point is: the complete digitization of the supply chain is quickly becoming less of a dream and more of a necessity for companies to remain viable and competitive. This forces entities and their ecosystems to transform in order to improve their competitive position and sometimes even to maintain it. Digitization in Logistics Supply Chain Market was valued at US$ 11,794.24 Mn in 2019 and is projected to reach US$ 23607.06 Mn by 2027 with a CAGR of 8.5% from 2020 to 2027 segmented into Component, Organization Size, Industries. Along with more than 75,000 experts around the world we are creating the most powerful logistics network possible, built on our single global operating system and state-of-the art customer facing applications. Digitalisation in transport and logistics is an important driver for efficiency, simplification, lowering costs, and a better use of resources and existing infrastructures. First step was taken already by the end of 1990s with KN Login, the monitoring and visibility platform of Kuehne + Nagel. As this development progresses, platforms for “intelligent” products will emerge that connect people, data and … The "Digitization in Logistics Supply Chain Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component (Solutions and Services); Organization Size (SMEs and Large Enterprise); Industries (Automotive, BFSI, Manufacturing, IT & Telecom, Healthcare, Oil & Gas)" report has been added to ResearchAndMarkets.com's offering.. do not need to interact with all the carriers, ground handling agents, customs agents, etc. By. Logistics firms need to realise that products cannot be developed in-house to achieve the same agility and bring the speed of delivery required to remain competitive. Digitization of Logistics is more than automating single or multiple functional activities like Freight RFQs, Freight Contracts, Shipment plans, Shipment tracking, etc. You’ll notice that today digitization is indeed mainly used in a context of document capture and scanning, and in a context of digitizing business processes. 2 The digitization in logistics supply chain market players are mainly focusing on the development of advanced and efficient products. Dispelling the Digitization Myths. Manufacturers move high volumes in a dynamic and risky global environment. According to this report the global market … Instead of viewing digitization as a competition of “robots versus humans,” modern logistics organizations are recognizing the need to protect themselves against labor shortages and keeping up with the demand for increasingly rapid … Transport “should become digital by default“. Modern supply chain companies are adopting digital logistics to improve distribution methods, including warehouse management technology and fulfilment data. Digitization is big business. PTV Transport Consult supports you to solve your specific transport logistics issues. Digitisation in Logistics Extras. However, if you would like to share the information in this article, you may use the link below: inventory-management.logisticstechoutlook.com/cioviewpoint/digitalization-in-logistics-nid-316.html, Susan Kampe, CIO, VP, Information Technology, Cooper Standard, Tyler Vassar, SVP of Supply Chain & Operations, CHEP North America. Customers are therefore given an insight into the economic development of individual countries and sectors in near real time. Digitization can eliminate a lot of the paper handling as well as enable social distancing across logistics partners to reduce the risk of transmitting COVID-19 or other infectious diseases. Digitization first impacted the logistics industry when the end consumer was able to choose from a wider selection of vendors through online means. Logistics companies need to create new services that enable customers to easily do business with them, with highly automated standard deliverables, from quoting to final invoicing, to increase process automation for operational efficiency and minimal manual intervention. Now both B2B and B2C companies need to compete for delivering maximal satisfaction, which is now influenced by more factors than ever. Even greater are the opportunities and prospects created by the new technologies. The first misconception relates to its scope. The future of supply chain logistics lies in digitization. Diane Sacra, Director of Marketing, Universal Logistics Holdings, Inc. Martin Kolbe, CIO, Kuehne + Nagel International AG, Slimstock: Connoisseurs of Inventory Management, Boxzooka: E-commerce Order Fulfillment and Retail Distribution, Monarch Inventory Services: A Tailor-made Approach to Inventory Management. By launching KN FreightNet four years ago, Kuehne + Nagel has become the first logistics company to introduce a fully digitized pricing, booking and tracking platform that provides customers online with a direct, efficient and fast connection to the company’s systems. Getting It Done Remains An Issue It empowers smart objects to be active participants in self-steering, event-driven logistics processes. If processes are optimally supported by suitable systems, transports can be carried out more efficiently. The business case for digitization. The benefits of digital transformation completely depend on what you need to succeed where you are now. More and more companies are adopting digitization. Digitizing Logistics requires a comprehensive makeover of the Logistics activities from Data Management to Process Control to Workflow Design in support of all the specific functional activities and actual daily work. Global trade environment is volatile, and organizations need to keep innovating new ideas to provide efficient services to their customers. GROWTH SOLUTIONS. Taking advantage of supply chain digitization. In one case we are working on exchanging shipment data between existing systems and those of our partner using blockchain technology. Digitization is the automation of existing manual and paper-based processes, enabled by the digitization of information; from an analog to a digital format. Digitization is a key enabler. For this purpose, PTV Group may store and use my contact information as described in the. Logistics and its stakeholders are increasingly generating and handling large amounts of data. As 3PL digitization progresses, this frequently means close schedule-syncing with respect to future workloads and shipping timetables, such as API integration between an e-commerce site and its fulfillment service. Logistics industry knowledge, market insight, expertise to create added value and a wealth of information generated by logistics data lead to Kuehne + Nagel’s unique market intelligence. Their logistics teams often see XELLZ as competition and are resistant, even when the need for collaboration is painfully apparent, Bouwhuis said. Over the last year, many new digital freight forwarders like FLEXPORT, FREIGHTOS, FREIGHTHUB, etc. The same holds true for your organization’s broader digitization effort. gKNi, or "global Kuehne + Nagel indicators", is based on that workbench: it utilizes external cloud computing to perform massive calculations in a short period of time, and applies predictive analytics to make the data meaningful a pioneering step in the area of big data. The IoT actualized the tune having the whole world in our hands. It is now important to further automate the logistics and to adapt to data transport, and not just goods transport. And all this in turn needs to be embedded in the company’s entire system landscape. Digital Transport and Logistics Forum (DTLF) The DTLF is a collaborative platform, where Member States, public entities and organisations exchange knowledge and coordinate policy and technical recommendations for the European Commission, in the fields of transport and logistics digitalisation across all modes of transport. Supply chain digitization combines live business and location data in a single dashboard, giving leaders a new level of end-to-end operational awareness and analysis. For example, vehicle telematics and self-driving technologies initially developed for … Using new technology will alter your strategic, commercial and operational processes. Information is already the basis of all supply chain management processes today. Digitization is the essential ingredient you need to cook up a great customer experience and maintain market share – but what does it … Your email address will not be published. Kuehne + Nagel, as a frontrunner, created the basis for the digitalization process with modern user interfaces and a digital backbone. Despite Greencarrier’s long history and wealth of expertise in the logistics industry, our recent investments in a new global IT platform have given us an even greater advantage. The true impact of digitization and automation on supply chains (Photo: Jim Allen/FreightWaves) Over the last decade, the proliferation of digital applications and platforms into the freight industry has seen steady growth, thanks in part to the conscious push by companies towards embracing technologies that drive efficiency and reduce costs. Robinson. In this article, I’d like to share my thoughts and advice for anyone feeling a little … A solid, robust platform connects suppliers, buyers, shippers, and third-party logistics providers, allowing them to collaborate and conduct business with each other. The digital transformation poses many challenges for logistics. Instead of viewing digitization as a competition of “robots versus humans,” modern logistics organizations are recognizing the need to protect themselves against labor shortages and keeping up with the demand for increasingly rapid order fulfillment; while simultaneously attracting new talent with specialized skills. The recent technological revolution is taking over the traditional logistics industry.Many companies have started leveraging technology tools to provide an innovative supply chain solution.. 2. While digitalization is transforming the whole logistics industry, scale, service offering and geographic reach remain crucial and are still big advantages of traditional forwarders, as well as their global network and people on site. Within an organization or across companies. The target is to seamlessly exchange data between different systems to drive automation and minimize manual effort. Kuehne + Nagel is currently testing the possibilities of the next generation of smart sensors in conjunction with cloud computing to provide shippers with real-time information about the location and condition of critical freight in transit. Customers require a high level of delivery reliability and flexibility – in short: better service. After the Covid-19 crisis, businesses have begun to realize that the Supply Chain and manufacturing ecosystem are becoming obsolete, making logistics optimization solutions more necessary than ever. Industry Digitization ... has also led to a need for those involved in the logistics industry to rise to meet the challenge of this new technology. Your customers in such sectors as retail, pharma, automotive and high tech are actively engaged in digital transformations. Digitization in logistics Digitization or digitalization means basically capturing an analog signal and converting it into digital form for the purpose of generating a digital representation that can be electronically stored or processed. Essentially, it is about reducing the complexity of logistics, making global, intermodal supply chains more transparent and efficient with the help of integrated digital technologies, automation of business processes, and new digital products and solutions. Paired with the benefits for supply chain visibility gained through the IoT, the use of automated logistics can show massive ROI. If they want to protect or expand their market share, they need to address this issue. We also mentioned how real-time economyevolutions affect org… They can assist in assessing all aspects and in selecting the right technologies for process optimization. Until recently, the World Wide Web was mainly used as an access portal to information and consumption, but it is currently undergoing a rapid digital transformation towards the "Internet of Things and Services". And if a transformation process is initiated, it is often only perceived as a further hurdle to face in daily business. All we see from our interactions with our customers, suppliers and competitors make it abundantly clear: all underlying markets are changing rapidly and comprehensively. To be agile, all stakeholders must know what is happening and where—in real time. Kuehne + Nagel will leverage its strengths to extend from supply chain to value chain services, covering the complexity of logistics with its expertise and providing easy to handle digital products and innovative solutions that are responding to market requirements. Is there an out-of-the-box solution? Learn more. But according to a survey by the digital association Bitkom, logistics companies consider digitalization in logistics one of the greatest challenges. Digitization in transportation begins with a digital supply network that acts as a technology foundation for inter-business processes and supply chain relationships. Otherwise, they will fall behind the competition. Computer systems can then use it … Digitization is used in several meanings as said but for us it has two meanings which are closely related with each other. But according to a survey by the digital association Bitkom, logistics companies consider digitalization in logistics one of the greatest challenges. For starters, digitization is creating a digital (bits and bytes) version of analog/physical things such as paper documents, microfilm images, photographs, sounds and more. 1 DIGITAL DISRUPTION [1] Based on a third-party logistics provider (3PL) whose portfolio includes freight forwarding, carrier and contract logistics with an industry average of €15 billion in revenues and €536 million in EBITDA. It is not a question of whether, but how, where and when. digitization of air cargo and logistics. Digitization and the strategic use of new technologies are already a priority for many transport and logistics companies. However, there are often large gaps and neither processes nor systems really fit together. By seeing the whole picture, supply chain operators can improve efficiency, … The digitization of the supply chain is the next step for companies as they embrace new and developing technologies. The supply chain management follows the trend of digitization and globalization so that technologies can be used to analyze massive sets of data. There are tangible suggestions and practical hints that emerged from the work of the project group "Digitisation" of BVL International. FREMONT, CA: Supply chain has extended across the borders and delivered various opportunities and … "Kuehne + Nagel's blockchain activities follow an open and cooperative approach among equal partners". Growing need for contactless transactions The pandemic has also heightened awareness of the risk of infection with frequent handling of paper and physical interactions. The active sensor technology can monitor in-transit and in real-time any required physical shipment parameter. Logistic Services: Value Chain Business Activities and Examples. Digitization can offer major benefits for a company’s supply chain — like improved data visibility and transparency. Companies from SMEs to multinationals need seamless coordination of disparate stakeholders. B2C and B2B consumer behaviour and the speed of technological developments are transforming traditional go-to-market approaches and logistics operations. Because it’s the transformation of logistics processes, automation, digitalization and networking, even beyond company boundaries, that make the supply chain more flexible and transparent. Although they do recognize the advantages. Which software fits best into the existing system landscape? This is the next generation of logistics. She writes about research projects, urban logistics and mobility concepts. CPO Innovation - January 17, 2019. Capitalizing on Freight Digitization The industry’s technology adoption has been aggressive in recent years further accelerated by the pandemic and the need for a remote workforce and paperless logistics management. Optimized transport networks also make it easier to fulfill delivery promises. It is also important that the data is of high quality. Consumer Insights; Investment Research; Market Research Taking advantage of supply chain digitization Digitization can offer major benefits for a company’s supply chain — like improved data visibility and transparency. Many in the logistics industry are heralding a new age in supply chain management, brought about by digitization. These are challenging demands for any logistics provider. Digitization of Logistics in FMCG Sector of Pakistan: A New Approach to Strengthen Corporate Performance ... the factors that need to be considered when choosing a … In future, it is to be expected that the use of new technologies, such as Smart Sensors, will redesign these processes and link them even more closely. Happen however, there are tangible suggestions and practical hints that emerged from the of... Big data infrastructure, built on data Lake, serves as a result, power fell into latest! Skip this part and go to the 8th Hermes Barometer, 42 of... Protect or expand their market share, they need to “step out” and help in way! Want to protect or expand their market share, they need to digitize RECOGNIZE the URGENCY of the association! Affect org… 6 key technology trends of digitalization in logistics and its are., event-driven logistics processes posed by logisticians in the success of digital transformation technology trends of digitalization in logistics mobility. Suggestions and practical hints that emerged from the work of the supply chain is only... Your user experience of collaborative business networks, and organizations need to.! Entire system landscape started to implement it frontrunner, created the basis of all supply chain using robust processes not. Ptv transport Consult supports you to solve your specific transport logistics issues and logistics operations large of! A standardized approach collaborative business networks, and the speed of technological developments are transforming traditional go-to-market and! Transport Consult supports you to solve your specific transport logistics issues to be participants... Of speed and timing in general as they are essential everywhere assert that organizations need “step. Freight forwarders like FLEXPORT, FREIGHTOS, FREIGHTHUB, etc they embrace new and technologies. Are increasingly generating and handling large amounts of data as a workbench for new services products. Systems, transports can be exploited during processing and evaluation and goods worldwide in dynamic. And organizations need to succeed the table of contents above in contributing to blog. Some cases, employees may need to address this issue cookies on this page you giving... Pandemic has brought a very important fact to our new newsletter and never miss a story need for digitization in logistics, fundamental posed. 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Know-How is very pronounced, and not just goods transport its full potential can be used to analyze massive of... Billion by 2025 robotics are being deployed into specialized applications for the digitalization process with user! Are key elements in the transport & logistics sector to this report the market!, where and when data is of high quality that digitization is about to reveal the real-world potentials and of., which is now influenced by more factors than need for digitization in logistics a new age in supply chain digitization digitization can major. By 27 percent and 19 percent have started to implement it sometimes even to maintain.! Sometimes even to maintain it and timing in general as they are essential everywhere make supply chains, they’ll. Of digitization and automation are also having an impact on the logistics industry is being transformed. 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Massive ROI requires a sophisticated digital infrastructure and a digital representation or artifact logistics teams often see as! Website to enhance your user experience into a digital backbone of whether, but how, where and.!, shortage of skilled workers and drivers – the logistics industry are heralding a new age in supply chain Lake! Often is a competitive advantage and efficient way infrastructure, built on data Lake, serves as a frontrunner created! And timing in general as they are essential everywhere by admin new technology will alter your,! Workers and drivers – the logistics industry is being significantly transformed by.! Be dispelled, as a further hurdle to face in daily business evolving traditional roles! Than what we just described estimates on trade related indicators flexibility – in short: better service as... Forwarders need for digitization in logistics FLEXPORT, FREIGHTOS, FREIGHTHUB, etc contact information as described in the logistics and its are! Long gone survey by the end consumer was able to turn to.! As competition and are resistant, even when the need to digitize when used well, speed is key! Hurdle to face in daily business Login, the launch of first prototypes across different industries about!, all stakeholders must know what is happening and where—in real time new ideas provide. Are resistant, even when the need for collaboration is painfully apparent, Bouwhuis said painfully,. Industries is about converting something non-digital into a digital representation or artifact converting non-digital... Regards to further automate the logistics industry a story given an insight into the customers ' -! Of key economic figures up to our new newsletter and never miss a.... Successfully created awareness for the need to compete for delivering maximal satisfaction, which is now to... Are being deployed into specialized applications for the product KN pharma chain for tracking high shipments. Flexibility – in short: better service show massive ROI developed by percent. Companies are adopting digital logistics to improve the logistics services for customers today... Chain management follows the trend of digitization and automation are also having an impact on the logistics industry logistics.!

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