T&L companies need to move up the data maturity level in order to turn possibilities in the sphere of the Internet of Things and cognitive computing into benefits that enable them to transform their businesses faster than is the case today. Instead of simple Request For Quote software, these companies implement fully networked online solutions. Grundlage ist Predictive Analytics auf Basis historischer Daten. In this context, it covers those fundamental factors essential in terms of driving the growth rate. It is not a question of whether, but how, where and when. As the Digital Pulse Survey from Russell Reynolds Associates found, over a quarter of T&L companies still doesn’t have a digital strategy in place. Dec 15, 2020 (Market Insight Reports) -- Selbyville, Delaware. IoL technologies, such as asset tracking systems, help to reduce the complexity and effort spent in handover operations, documentation, and cargo validation. Made In NYC | Digitization is still a big challenge in transportation and logistics and there is ample room to optimize processes and capture information close to the source or point of ‘action/origination’ to speed up processes and enhance transparency while increasing agility (remember the need for speed). Digital transformation with the opportunities of tomorrow. Source:PwC. COMPETITIONTotal Companies Profiled: 46Read the full report: https://www.reportlinker.com/p05960886/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. According to the Digital Supply Chain Transformation survey conducted by GT Nexus, 39% of logistics executives cite the absence of the required technology skills and expertise — on-site and throughout the supply chain — as the major barrier to business digitalization. It is clear there are many things in T&L and supply chain efficiency and data opportunities, as well as visibility and new approaches, can all be accelerated by leveraging IoT applications. When used well, speed is a competitive advantage. And it is no different in logistics, transportation and supply chains. The emerging Internet of Logistics (IoL) may change that. You can build the profitability of your business activities with the coordinated modules. Consistent with Transparency Market Research Report, the worldwide digital transformation spending in logistics market is anticipated to succeed in US$ 94,972.3 Million by … This is less than in other sector, PwC states (source: “Industry 4.0: Building the Digital Enterprise – Transportation and logistics key findings”). Digitization (document to process) is a must and also changing the game (even if there is still a lot to do). In an increasingly real-time economy speed and timing are key. They want visibility and dashboards to be fast and timely as they know it’s key in today’s digital transformation economy and realize it won’t change anytime soon, well on the contrary. Whereas most of the previously mentioned examples have to do with information and communication there obviously also is the physical world of pallets, boxes, goods, paper documents, the books you just ordered online, the list goes on. And, obviously, in transportation and logistics (and supply chains), processes are ubiquitous and hyper-connected. The digital transformation of logistics is in its infancy and offers a host of opportunities for further development. Logistics, Digital Transformation and Future Logisticians By Peter Layton. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. Over 70 percent of executives are in high or very high agreement that the shift towards a real-time economy affects their organizational structure. Just think, for instance, how in the context of a customer-adaptive enterprise the big data focus has moved towards fast data. Business interruption, including supply chain disruption, is perceived as the number one global business risk. Hardware, one of the segments analyzed in the report, is projected to record a 10.3% CAGR and reach US$44.9 Billion by the end of the analysis period. According to Capgemini Consulting most organizations today still operate on hybrid supply chain models. Feel free to skip this part and go to the topics you’re most interested in, using the table of contents above. The time to connect the dots and leverage hyper-connectivity, moving away from silos to data maturity and digital strategies which encompass the whole business is now. Commerce Policy | Obviously these delays don’t necessarily have an impact on the end destination. Among the five key digital transformation technologies in logistics are e-AWB, cloud logistics, big data, blockchain and IoT. According to 2016 transportation and logistics research by PwC “only 10 percent of transportation and logistics companies rate the maturity of their data analytics capabilities as advanced”. This shouldn’t be that surprising and we’re pretty sure that if today the same research would be conducted (it dates from end 2013), the results would even be higher. According to a new study by Lux Research, the transportation and logistics industry requires digital transformation tools to expedite and personalize delivery, while reducing emissions. Systematische Aufarbeitung des Begriffs Logistik 4.0. Several evolutions, including mobility, enabled a shift in behavior which is further enhanced by the experiences customer are used to in other contexts than the interactions and transactions with your business. With big data (analytics) we inevitable need to talk about the Internet of Things. Just imagine all the processes that one party in the supply chain needs to complete (from the reception of an item to shipping it out in its original shape and form or as part of another item at the end of a manufacturing process). China will remain among the fastest growing in this cluster of regional markets. Cost reduction and growing profitability is essential. Die zunehmende Digitalisierung führt auch dazu, dass neue Geschäftsmodelle entstehen und bestehende Strukturen auf die Probe gestellt werden. What is digital transformation? Elements of Digital Logistics Transformation. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________, Registration on or use of this site constitutes acceptance of our, https://www.reportlinker.com/p05960886/?utm_source=GNW, Dating app Bumble files confidentially for IPO, could seek up to $8 billion valuation, report says », Former US cybersecurity chief Chris Krebs warned not to 'conflate' voting system security with SolarWinds hack despite Trump's claim ». So it doesn’t come as a surprise that making sure it is not interrupted ranks high on the agenda. After all, with each handling, shipping and any other treatment of goods come processes, information flows and interactions. Or how capturing and processing information fast is essential (without forgetting the accuracy). The margins in transportation and logistics are under pressure. Or as Gartner’s Peter Sondergaard said in the previously mentioned article on how digital business means big change for supply chains, “the focus is on how the supply chain can consume and leverage data, integrate sensors and other elements of the Internet of Things (IoT) and software for customer segmentation and marketing automation”. Disclaimer | The picture is clear. China, the world`s second largest economy, is forecast to … Feel free to skip this part and go to the topics you’re most interested in, using the table of contents above. Moreover, 80 percent report that the CEO does not recognize the potential for digital while in 80 percent of companies digital business implementation is also hindered by departments who are competing for the ownership of digital, not exactly what we like to see. And it just moves faster and is far more integrated with interconnected processes and obviously data from several sources. There are several other evolutions and challenges, certainly when we look deeper into various aspects of the broad field that T&L is. Data and analytics are key to speed up processes, offer visibility to partners and customers, digitize value chains and, in a context of digital transformation, come up with new business models. It comes with risks (including fraud), a lack of visibility (what we need in supply chains today) and inefficient processes and suboptimal resource allocation to name a few. The connectivity of processes, people and how it is used. However, before looking at what the future holds (and what is already happening in several companies) it’s key to get the house in order. In the end, transport and logistics has one major task: making sure that any of the mentioned and other items arrive at the right time and place in the best possible condition. Or how we move towards the edge in data analysis (edge computing and fog computing) in a context of the Internet of Things (IoT). Innovative uses of technologies in areas such as data analytics, the Internet of Things and, Various parties in the supply chain move at different speeds and changing expectations and evolutions in the digital transformation economy. Below are several challenges to tackle and evolutions affecting the T&L industry (on top of the previously mentioned customer expectations which are key in all industries). Most of them revolve around location, connection of devices (Internet of Things), big data analytics, cognitive computing and obviously the platforms where data are captured, processed and leveraged/accessed such as mobile platforms, information capture and processing platforms but also the networks and data environments such as the cloud. These regional markets accounting for a combined market size of US$7.9 Billion in the year 2020 will reach a projected size of US$13.3 Billion by the close of the analysis period. Approximately 20 percent of digital transformation costs will be allocated directly to supply chain transformation. A short-term phased recovery by key geography is also addressed. Das Buch bietet eine Orientierung in der Begriffswelt von Logistik 4.0. FOCUS ON SELECT PLAYERS 3. Paper is a huge challenge in the optimization of supply chains because it is simply too slow and, as Capgemini reminds, only available locally. The change is occurring over vast areas and is nearly impossible to track. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Digital transformation in transportation and logistics, The pressure on margins requires digitization, automation and a focus on new models, The essential function of the supply chain: enhancing security to minimize risks and interruption, Tackling the challenges of hybrid supply chains, Taking the next steps regarding data maturity, The Internet of Things and Everything in transportation and logistics, artificial intelligence and cognitive computing, the ‘connected logistics market’ as you can read here, source The future of the logistics industry, Digital Pulse Survey from Russell Reynolds Associates. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.7% and 7.5% respectively over the 2020-2027 period. Logistikunternehmen hinken bei der digitalen Transformation hinterher. Moving from hybrid supply chains to digital supply chains is one of the key evolutions in T&L. Moreover, certainly in a context of complex supply chains with a lot of intermediaries and processes, documents get lost, damaged or corrupted in several ways. CEOs see mobile technologies for engaging with customers, cybersecurity tools and data analytics as the three most important areas in which to invest. If you look at the many digitization challenges, from paper-based proof of delivery (POD) documents to a lack of visibility, you know there is still a lot to do. MARKET ANALYSISGEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Digital Transformation Spending in Logistics Market Share: (in %) by Company: 2019 & 2025 Market Analytics Table 13: United States Digital Transformation Spending in Logistics Market Estimates and Projections in US$ Million by Solution: 2020 to 2027 Table 14: United States Digital Transformation Spending in Logistics Market Share Breakdown by Solution: 2020 VS 2027 Table 15: Digital Transformation Spending in Logistics Market in US$ Million in the United States by Deployment: 2020-2027 Table 16: United States Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 CANADA Table 17: Canadian Digital Transformation Spending in Logistics Market Estimates and Forecasts in US$ Million by Solution: 2020 to 2027 Table 18: Digital Transformation Spending in Logistics Market in Canada: Percentage Share Breakdown of Sales by Solution for 2020 and 2027 Table 19: Digital Transformation Spending in Logistics Market Analysis in Canada in US$ Million by Deployment: 2020-2027 Table 20: Canadian Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 JAPAN Table 21: Japanese Market for Digital Transformation Spending in Logistics: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2020-2027 Table 22: Japanese Digital Transformation Spending in Logistics Market Share Analysis by Solution: 2020 VS 2027 Table 23: Japanese Medium & Long-Term Outlook for Digital Transformation Spending in Logistics Market in US$ Million by Deployment: 2020-2027 Table 24: Japanese Digital Transformation Spending in Logistics Market Percentage Share Distribution by Deployment: 2020 VS 2027 CHINA Table 25: Chinese Digital Transformation Spending in Logistics Market Growth Prospects in US$ Million by Solution for the Period 2020-2027 Table 26: Chinese Digital Transformation Spending in Logistics Market by Solution: Percentage Breakdown of Sales for 2020 and 2027 Table 27: Digital Transformation Spending in Logistics Market Estimates and Forecasts in China in US$ Million by Deployment: 2020-2027 Table 28: Digital Transformation Spending in Logistics Market in China: Percentage Share Analysis by Deployment for 2020 and 2027 EUROPE Market Facts & Figures European Digital Transformation Spending in Logistics Market: Competitor Market Share Scenario (in %) for 2019 & 2025 Market Analytics Table 29: European Digital Transformation Spending in Logistics Market Demand Scenario in US$ Million by Region/Country: 2018-2025 Table 30: European Digital Transformation Spending in Logistics Market Share Shift by Region/Country: 2020 VS 2027 Table 31: European Digital Transformation Spending in Logistics Market Estimates and Forecasts in US$ Million by Solution: 2020-2027 Table 32: European Digital Transformation Spending in Logistics Market Share Breakdown by Solution: 2020 VS 2027 Table 33: European Digital Transformation Spending in Logistics Market Assessment in US$ Million by Deployment: 2020-2027 Table 34: Digital Transformation Spending in Logistics Market in Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027 FRANCE Table 35: Digital Transformation Spending in Logistics Market in France by Solution: Estimates and Projections in US$ Million for the Period 2020-2027 Table 36: French Digital Transformation Spending in Logistics Market Share Analysis by Solution: 2020 VS 2027 Table 37: French Digital Transformation Spending in Logistics Market Estimates and Projections in US$ Million by Deployment: 2020-2027 Table 38: French Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 GERMANY Table 39: Digital Transformation Spending in Logistics Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Solution for the Period 2020-2027 Table 40: German Digital Transformation Spending in Logistics Market Share Breakdown by Solution: 2020 VS 2027 Table 41: German Digital Transformation Spending in Logistics Latent Demand Forecasts in US$ Million by Deployment: 2020-2027 Table 42: German Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 ITALY Table 43: Italian Digital Transformation Spending in Logistics Market Growth Prospects in US$ Million by Solution for the Period 2020-2027 Table 44: Italian Digital Transformation Spending in Logistics Market by Solution: Percentage Breakdown of Sales for 2020 and 2027 Table 45: Digital Transformation Spending in Logistics Market Estimates and Forecasts in Italy in US$ Million by Deployment: 2020-2027 Table 46: Digital Transformation Spending in Logistics Market in Italy: Percentage Share Analysis by Deployment for 2020 and 2027 UNITED KINGDOM Table 47: United Kingdom Market for Digital Transformation Spending in Logistics: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2020-2027 Table 48: United Kingdom Digital Transformation Spending in Logistics Market Share Analysis by Solution: 2020 VS 2027 Table 49: United Kingdom Medium & Long-Term Outlook for Digital Transformation Spending in Logistics Market in US$ Million by Deployment: 2020-2027 Table 50: United Kingdom Digital Transformation Spending in Logistics Market Percentage Share Distribution by Deployment: 2020 VS 2027 REST OF EUROPE Table 51: Rest of Europe Digital Transformation Spending in Logistics Market Estimates and Forecasts in US$ Million by Solution: 2020-2027 Table 52: Rest of Europe Digital Transformation Spending in Logistics Market Share Breakdown by Solution: 2020 VS 2027 Table 53: Rest of Europe Digital Transformation Spending in Logistics Market Assessment in US$ Million by Deployment: 2020-2027 Table 54: Digital Transformation Spending in Logistics Market in Rest of Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027 ASIA-PACIFIC Table 55: Digital Transformation Spending in Logistics Market in Asia-Pacific by Solution: Estimates and Projections in US$ Million for the Period 2020-2027 Table 56: Asia-Pacific Digital Transformation Spending in Logistics Market Share Analysis by Solution: 2020 VS 2027 Table 57: Asia-Pacific Digital Transformation Spending in Logistics Market Estimates and Projections in US$ Million by Deployment: 2020-2027 Table 58: Asia-Pacific Digital Transformation Spending in Logistics Historic Market Analysis in US$ Million by Deployment: 2020 VS 2027 REST OF WORLD Table 59: Rest of World Digital Transformation Spending in Logistics Market Estimates and Forecasts in US$ Million by Solution: 2020 to 2027 Table 60: Digital Transformation Spending in Logistics Market in Rest of World: Percentage Share Breakdown of Sales by Solution for 2020 and 2027 Table 61: Digital Transformation Spending in Logistics Market Analysis in Rest of World in US$ Million by Deployment: 2020-2027 Table 62: Rest of World Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 IV. 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