… It's essentially human and technology driven in most areas of a supply chain. In its Annual report, UN trade and development body UNCTAD, has outlined seven key challenges to maintain a positive momentum for the freight markets in global trade. Cloud Network Issues . ... One of the largest challenges facing the industry in 2019 will be the implementation of user privacy rights. Shortcomings including transportation delays, operator errors, poor monitoring of cargo, outdated IT failures, and thefts are being overcome by the integration of IoT in the logistics … The inception of logistics 4.0 is one of the key logistics trends transforming the global supply chain market. According to a third-party logistics study by Capgemini, "cutting transportation costs" makes the top of the list as far as concerns for the logistics industry. Throughout this blog, I will talk about the most common challenges logistics managers face every day. ... the more prepared they are to negotiate from a position of strength and manage issues that arise. Some other obvious pain-points make the list as well, but perhaps the most important and at times challenging concern is the need for greater innovations and technology advances while remaining budget-conscious. Fuel Costs. If you are currently experiencing any of the following setbacks, working with a third-party logistics (3PL) provider can help. Fleets can be big or small, but they all share similar issues and points of concern; some of which are quite typical for all Logistics Managers. One of the biggest logistics challenges of 2019 is the cost of fuel. 1. As with any industry, retail logistics has its share of challenges to overcome. Five key challenges facing the insurance industry By Roi Agababa 02 October 2018 A buoyant stock market and a positive outlook for the US economy bode well for the insurance sector. Here’s what you need to know about the challenges faced by the logistics industry today and where you can find effective solutions. Logistics business is mainly common sense but require huge man power and technology for on-time execution and delivery of cargo. The estimated value of global logistics industry is to be worth 300 Billion USD. However, by embracing the opportunities presented by Industry 4.0 technology and other contemporary business practices, these challenges can be met, and the industry can grow into a more effective and profitable machine. To spur that conversation, the Transportation Research Board (TRB) identified and organized an array of important issues under 12 key topics. In India, around 10 to 15% of product cost can be attributed to logistics, which is comparatively significant from other economies like USA or China. In each of these areas, TRB posed a series of crucial questions to help guide thinking, debate, and discovery during the next 5 to 10 years. 4 Key Challenges Facing Procurement. ... 2019 Tweet; Ara Arslanian has been named a Pro to Know by Supply and Demand Chain Executive for more than five years. 8 Major Challenges Faced By Logistics Companies in India. According to a third party logistics study by Capgemini, ‘cutting transportation costs’ makes the top of the list as far as concerns for the logistics industry.
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