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. After all, the 7Rs of business logistics go back a long time: the right product/item in the right quantity to the right customer in the right condition at the right place, right time and right cost, right? At the edge of each supply chain sits an end customer just as, at the edge of each process sits a user, a logistics partner or any other stakeholder. The logistics opportunities created are driving a market transformation from traditional logistics concepts to a new era of digital logistics. First things first: digital business transformation is happening in supply chains. 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. The focus on the customer or as Forrester calls it, the customer-obsessed operating model, is felt everywhere. Or how capturing and processing information fast is essential (without forgetting the accuracy). Im Digital Hub Logistics begleiten und beraten wir Digitalteams mittelständischer Unternehmen beim Aufbau von digitalem Business. In other words: paper-based and IT-supported processes are combined. We also mentioned how real-time economyevolutions affect org… Although mostly young startups stand for the digital transformation of logistics, more and more long-established forwarding companies, such as Hapag Lloyd and Kühne + Nagel, are investing in solutions that benefit from digitalization. The Digital Transformation Spending in Logistics market in the U.S. is estimated at US$13.4 Billion in the year 2020. 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. This brings us to the transportation and logistics industry where information management, data, analytics, visibility and king customer all play a key role. However, it can be said that this change begins with … Die Logistik wird zunehmend bestimmt durch Konnektivität sowie neue Mobilitätskonzepte. 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. Digital transformation in logistics use case. In this context, it covers those fundamental factors essential in terms of driving the growth rate. Whether it concerns distributors, end customers, transportation firms, retailers or any part of a supply chain: there is always someone waiting for something. Moving from hybrid supply chains to digital supply chains is one of the key evolutions in T&L. Over 70 percent of executives are in high or very high agreement that the shift towards a real-time economy affects their organizational structure. Instead of simple Request For Quote software, these companies implement fully networked online solutions. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. 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. Die digitale Transformation der Wertschöpfungskette. The technologies are different, depending on the exact ‘activity’ (packaging is not the same as actual transportation or border procedure management, to name a few) but they all have one element in common: the focus is mainly on data and information. Jetzt sind innovative und zugleich pragmatische Lösungen gefragt, damit Logistikunternehmen ihre Systeme durchgehend vernetzen und agiler arbeiten können. A short-term phased recovery by key geography is also addressed. The good news about the transportation sector is … Die Digitalisierung entwickelt sich rasant und insbesondere für die Logistik ergeben sich hierdurch neue Möglichkeiten. Obviously these delays don’t necessarily have an impact on the end destination. „Mit den Digitalen Hubs sorgen wir dafür, dass in den deutschen Leitindustrien, zu denen die Logistik gehört, die digitale Transformation nicht nur gelingt, sondern sie gestaltet und vorangebracht wird“, sagt Rohleder. 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). Efficiency, optimization, speed and timing have always been crucial in logistics and transportation. Approximately 20 percent of digital transformation costs will be allocated directly to supply chain transformation. Commerce Policy | We mentioned a few examples of when and where speed and timing are crucial in logistics and beyond. The connectivity of processes, people and how it is used. 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 ». The challenge was to automate end-to-end logistics processes from manufacturing consignment to end-client delivery fulfilment. Or how we move towards the edge in data analysis (edge computing and fog computing) in a context of the Internet of Things (IoT). Source:PwC. Logistics Digital Transformation. Increase Productivity. Below are several reasons why the transportation and logistics sector needs to – and is – digitally transforming and still has several digitization challenges of well. Aus diesen Gründen stellt die aktuelle Ausgabe das Thema „Chancen der digitalen Transformation“ in den Fokus. So, customer expectations and competitive differentiation require speed and timing, which are drivers of several important changes in transportation and logistics, with speed being a competitive advantage. Digital transformation is the process of reshaping products, services, and entire business models by adopting digital technologies. Digital Transformation in logistics creates new business concepts and service models to help supply chain and logistics players gain a competitive edge over competitors. Top image: Shutterstock – Copyright: TTstudio – All other images are the property of their respective mentioned owners. And, obviously, in transportation and logistics (and supply chains), processes are ubiquitous and hyper-connected. The margins in transportation and logistics are under pressure. There is still something called warehousing and stock management and supply chain management is far more complex than depicted here. As in lots of real-life scenarios in a connected and globalized world, there are many parties involved to get an item from where it is manufactured to its end destination. This immediately makes it clear which are the several digital technologies that play a role in the industry. For example, digital technology has helped Vico Logistics (Vietnam) Company Limited connect with customers and analyze data faster and more accurately. The Digital Transformation in Logistics market is enriched with an incredible status of the high ranked players making a significant contribution towards the growth of the market. Digital transformation is having important impacts on our lives – both private and in a business environment. The digital transformation of logistics: Threat and opportunity Digitalization threatens to fundamentally disrupt logistics but could also help the industry reduce its inefficiencies and shrink its environmental impact. 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. Businesses don’t want data. However, recognizing the important role of digital transformation, since 2018 logistics companies have been applying more advanced software, reducing operating costs, attracting more customers and maximizing profit. This isn’t new but it remains a problem. Hyper-connectivity inherently comes with a dimension of acceleration and speed. 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 … First, let’s briefly look at the importance of speed and timing in general as they are essential everywhere. The emerging Internet of Logistics (IoL) may change that. As the Allianz Risk Barometer 2016, which we covered previously, indicates, Industry 4.0 is not just seen as an opportunity but also as a challenge, especially from the security perspective. Logistics 4.0: Changing Patterns of Logistics in Industry 4.0 and Role of Digital Transformation in SCM. Digital transformation with the opportunities of tomorrow. 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. 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. Business interruption, including supply chain disruption, is perceived as the number one global business risk. 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. The Internet of Things in Supply Chain Management. In fact, if you look at those 7 Rs of business logistics you immediately see how the right data at the right time, place etc. In many sub segments of transportation and logistics, it’ about disrupting or being disrupted with data and information at the core. In the end many of these examples are essential reasons why, as businesses, we’re so fond of big data and in this context certainly fast data and data analytics, delivered by unleashing artificial intelligence and cognitive computing on sets of data which we need to time so many things right and even in a predictive way as we do with predictive analytics. Logistics, Digital Transformation and Future Logisticians By Peter Layton. 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. Logistikunternehmen hinken bei der digitalen Transformation hinterher. While it’s important to take a look at the future developments and latest trends (from connected and even ‘autonomous’ trucks to warehouse robotics and smart warehouse solutions overall, to name a few), reality is of course that the Internet of Things has been around in logistics, transport, supply chains, warehousing etc. Last but not least, as we are talking about business assets, both the goods and the data, security (digital and physical) is also high on the agenda with an increasing use of technologies in the space of authentication, biometrics and asset tracking, one of the main applications in the Internet of Things. The U.S. Market is Estimated at $13.4 Billion, While China is Forecast to Grow at 8.7% CAGR The Digital Transformation Spending in Logistics market in the U.S. is estimated at US$13.4 Billion in the year 2020. Systematische Aufarbeitung des Begriffs Logistik 4.0. We also mentioned how real-time economy evolutions affect organizations in another article. There are ample examples of how the Internet of Things is revolutionizing the logistics and transportation space. In a day and age where customers want speed and have increased expectations, the transport and logistics industry is challenged by just-in-time and near-real-time expectations. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. Improving connectivity across the full chain, the possibility to better predict and forecast, several regulatory challenges, newer technologies such as drones and 3D printing, changes in logistics patterns and scenarios as depicted in the graphic from PwC below, challenges regarding resources (people, management but also energy, for example), integration of value chains, the list is long. Feel free to skip this part and go to the topics you’re most interested in, using the table of contents above. The Industrial Internet of Things is a key component of the ‘connected logistics market’ as you can read here. Elements of Digital Logistics Transformation. A majority of executives also feels that the move to a real-time economy affects their organizational structure and business strategy. Asset management is one of many applications where RFID and the IoT have been present since quite some time as part of end-to-end inventory and asset management solutions. Grundlage ist Predictive Analytics auf Basis historischer Daten. 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. 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. since quite some time. With the lines between digital and physical blurring, few industries are so hyper-connected on all levels than those who are active in supply chains. IoL technologies, such as asset tracking systems, help to reduce the complexity and effort spent in handover operations, documentation, and cargo validation.