This is the time of year when industry analysts and technology pundits make predictions about the future. McKinsey & Company, a worldwide management consulting firm, has done the same. However, their predictions are based, in part, on a survey of more than 250 global shippers and logistic service providers. The survey covered what technologies they are currently using as well as their planned investments.
McKinsey has recently released aon shippers’ and LSPs’ investments in transportation, warehousing, and planning technologies. 87% of shippers reported maintaining or growing their technology investments since 2020. 93% said they plan to maintain or increase their spending over the next three years.
In terms of foundational technologies, a surprisingly high 76% of logistics service providers and 64% of shippers have invested in transportation management systems. More advanced solutions include real-time transportation visibility, route optimization, and telematics. 68% of LSPs and 56% of shippers have invested in these more advanced transportation solutions. Even more cutting-edge solutions, solutions that may or may not prove their worth, include delivery drones and hydrogen vehicles. These cutting-edge solutions are at a much earlier stage of development.
In transportation, digital freight procurement and asset tracking & data mining are in broad use. Automated guided vehicles (AGVs) for internal transport, enhanced driving solutions, and digital yard management are starting to scale up. Cutting-edge technologies, such as delivery drones and hydrogen vehicles are at low development and adoption level. The top drivers for these investments are the needs for improved cost, driver, and productivity management.
Implementing new systems is not easy. Most companies mentioned developing a business case, change management, and training as the main challenges they faced when implementing new solutions. Around 80% of LSPs and 68% of shippers cited the cost/ROI analysis as the biggest challenge for transportation transformations.
The technology that could most change the face of transportation is autonomously driven semi-trailer trucks. Understanding when this technology will roll out, how that roll-out might progress, and what specific autonomous driving model is likely to win in the market, are the biggest questions facing logistics executives. This report did not address these very difficult questions.
Follow me on . Check out my .
The WEBFI algorithm actively curates and presents current news from the Internet, delivering it in both written and video formats on our platform. Unlike many other news sources, WEBFI Network - News Balance Security is committed to a user-friendly experience. We refrain from displaying advertising within our content, avoid any redirects to external sites, and meticulously filter out any graphic content deemed unsafe, sensitive, or private. Our primary goal is to provide visitors with a distraction-free and secure environment, ensuring they receive the news they seek.
Importantly, WEBFI Network does not collect any personal information from our visitors, and we do not engage in newsletter subscriptions. We take pride in remaining entirely advertiser-free, thanks to the support of our contributors and our dedicated hosting service partners. It's crucial to note that the opinions and content presented on our platform do not necessarily align with WEBFI NETWORK's opinion, philosophy, or vision. We strongly uphold the principle of freedom of speech, welcoming a diverse range of perspectives and ideas.
🌐 Discover News Balance 🇺🇲 - Your Round-the-Clock Source for Unbiased News!
Experience a continuous stream of comprehensive, unbiased news coverage 24/7/365 with News Balance 🇺🇲. Our carefully curated playlist ⏯ delivers a harmonious blend of national and global politics, cutting-edge tech updates, weather forecasts, noteworthy events, and captivating entertainment news.
The best part? No subscriptions, registrations, or downloads required. Enjoy an ad-free news experience with News Balance 🇺🇲.
"Introducing Unstoppable Private WebFi Websites – Your Forever Digital Haven.
Experience a lifetime of ownership with WebFi – where your digital presence is a lifelong investment. Embark on your journey to own a private website for life.
Our private servers set the gold standard in security and performance, ensuring your website stays in top form. With our lifetime license, the days of fretting about hosting renewals are behind you.
Unlock your very own WebFi space granting you a perpetual haven for your projects, free from the burden of recurring payments. Your sole financial commitment? Domain annuities to your domain provider – nothing more!
Choose WebFi and own your digital future, secure, simple, and everlasting."LEARN MORE