Rising Digital Logistics Market Demand From 2019-2028

PUNE, India - Feb. 3, 2023 - PRLog -- Digital logistics is a process of making logistics smarter, with the help of various digital technologies. In other words, the use of advanced technology and communication in logistics, which helps to reduce operating costs, enhances the overall efficiency, improves supply chain, and provides customer-centric solutions, is known as digital logistics. The digital logistics solutions provide some salient features such as the acceptance of data-driven logistics plans, improved collaborations with various supply chain partners, and enhanced performance and quality of logistics. It allows various companies and supplies chain logistics applications to closely integrate with labour management systems, core warehouse, and transportation systems to enable novel process models and ensure fulfilment excellence.

DIGITAL LOGISTICS MARKET DYNAMICS

The exponential growth of the e-commerce industry over the past decade has been driven by the rise in online shopping and an increase in the number of Internet users. This rise in e-commerce activities requires logistics providers to operate faster and more efficiently to rapidly process small individual orders. Online customers expect order accuracy, same-day or same-hour delivery, and free returns. E-commerce companies are exploring ways to reduce order delivery times and operational costs. The e-commerce industry drives the demand for transparency, affordability, convenience, and speed in delivery as well as compelling frictionless returns. To cater to this need, it is essential to create new business models and solutions by digitalizing the logistics operations, automating material handling system, warehouse management system, and distribution management system. This has ensured faster and varied fulfilment services, especially in terms of last-mile delivery options and seamless returns processes.

DIGITAL LOGISTICS MARKET KEY PLAYERS

Some of the vital players operating in this market include IBM, Oracle, SAP, AT&T, Intel, Infosys, Honeywell, Eurotech S.P.A, HCL Technologies, ORBCOMM, Impinj, Logisuite, Cloud Logistics among others.

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