April - 20196 logisticstechoutlook.comLinda James Managing Editoreditor@logisticstechoutlook.comThe global logistics industry has transformed significantly in recent years, staying at par with the rising digital literacy among its customers. With digitalization revamping a multitude of verticals across the globe, the logistics space is no exception. Subsequently, the rapid development of retail channels demand superior inventory management and warehousing solutions to assist customers in making more informed purchase decisions. The emergence of blockchain technology has been a beacon of advancement, empowering logistics solutions and service providers with failsafe digital contracts. Blockchain also allows manufacturers, customers, suppliers, warehouse managers, and auditors to construct a secure and transparent system for efficiently tracking asset, managing logistics processes, and recording transactions within a supply chain.With digitization and integration of digital channels driving the new norm, the logistics space experiences reduced procurement and supply chain costs with a considerable boost to overall revenues. The proliferation of third- and fifth-party logistics (3PL and 5PL), on the other hand, is significantly enhancing the supply chain with inventory logs, travel insurance, and a shield against property loss with reduced delivery times. The adoption of artificial intelligence (AI) and machine learning (ML) is further improving delivery times while increasing the flexibility and efficiency of last mile logistics. But customers aren't just satisfied with the quality of service, they wish to know more about the products--how they are made, where they come from, and how they are moved. Transparency is everything in an ideal logistics universe, and this is where the Internet of things (IoT) and blockchain technologies are coming in. IoT is providing full shipment and product transparency while blockchain technology is focusing on shipment tracking.Given all that, today's market is brimming with a variety of logistics solution and service providers to choose from. Thus, leafing through this special edition will allow strategic planners and leaders to comprehend the horizons of the logistics space for translating partnerships into profits.Let us know your thoughts.EditorialCreating Better Logistical Competencies APRIL- 03 - 2019, volume 05 - Issue 04 Published by ValleyMedia, Inc. To subscribe to Logistics Tech OutlookVisit www.logisticstechoutlook.com Managing EditorLinda JamesEditorial StaffAaron PierceAva Garcia Jade Ray Joshua ParkerSarah FernandesPranav SudhakarVisualizerRenukesh GangurAngela Parkersales@logisticstechoutlook.comeditor@logisticstechoutlook.commarketing@logisticstechoutlook.comEmail:Saleskatherine joneskatherine.jones@logisticstechoutlook.comContact UsPhone:510.996.5173, Fax:510-894-8405*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.
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