Digital logistics provides competitive advantage, efficiency and profitability to the companies by improving supply chain, providing customer effective centric solutions and enhancing efficiency. Digital logistics allow various companies and supply chain logistics applications to closely integrate with labor management systems, core warehouse and transportation systems to enable novel process models and ensure fulfillment excellence. It impacts not only the cost side of the value equation, but also spurs the growth through the ability to deliver customer-focused and personalized logistics, with exceptional customer satisfaction and faster cycle times.
The digital logistics industry has opportunities to drive change in both operations and customer engagement including intelligent pallets, omni channel commerce, slot optimization, mobile order management, and predictive maintenance. Companies embracing digital logistics will achieve functional quality in three key areas including distribution, transportation and labor and resource management. Distribution includes real-time warehouse management system (WMS) technology and adoption of improved fulfillment processes. Additionally, various companies have taken advantage of the opportunities to significantly increase employee retention, and work productivity that is available through advanced labor management solutions.
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Geographically the digital logistics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. North America and Europe regions are expected to lead due to the technological advancement in the field of digitization. However, Asia-Pacific region is expected to grow at a significant rate due to the booming E-commerce industry, which is driving the digital logistics market.
Digital logistics market can be segmented on the basis of solution, systems, end-use industry, and geography. On the basis of solution, the digital logistics market can be segmented into transportation management, warehouse management, logistics networks, and others. Furthermore, on the basis of system, the digital logistics market can be segmented into fright management system, truck management system, fleet management system, and others. On the basis of end-use industry, the digital logistics market can be segmented into Government, aerospace, defense, automotive, oil & gas, retail, manufacturing, healthcare, and others.
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The growth of the digital logistics market could enable supply chain tracking that will help companies to make sure that they have the stock available at all the times. Furthermore, various digital logistics solution providers are evolving their products to cater the customized demand of the customer. Further, various digital logistics solutions based on cloud technology are available in the market for warehouse, transportation and labor management requirements.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
