APRIL - 20216 logisticstechoutlook.comLinda James Managing Editoreditor@logisticstechoutlook.comSince the outbreak of the SARS COVID 19 pandemic, the global supply chain industry has been experiencing unparalleled shock. Almost all the trade lanes are seeing double-digit air cargo capacity declines compared to recent years. Last year in April, global air freight capacity was down 38.7 percent year-on-year as passenger flights were taken out of commission, causing air freight rates to surge. While the impact of Coronavirus is significantly impacting the supply chain industry, it is also opening new ventures for the 3PL companies. On the one hand, Cargo owners such as apparel and automotive importers want to delay receiving goods due to a significant decline in demands; importers shipping personal protective equipment (PPE) and essential household consumer goods wish to get them faster. Against this backdrop, 3PL companies need to be on the toes to cash-in on the opportunities.These testing times also highlight the need for innovation in the 3PL industry. Companies operating in the 3PL arena need enhanced digitization in their processes to fine-tune their operations. Technology tools such as robotic process automation (RPA) and autonomous vehicles can help improve warehouse management by accelerating the movement and storage of products. Besides, lack of visibility had been a significant impediment for 3 PL companies, which got widely exposed last year due to the pandemic. They need connecting technologies, including AI, ML, IoT, and others, for advanced data analytics to gain more visibility into their supply chains and better mitigate anticipated disruption.In this edition of Logistics Tech Outlook, we are including some of the players who are transforming the 3PL arena with innovative solutions.Let us know your thoughts!EditorialOvercoming the Pandemic Disruption APRIL - 30 - 2021, Volume 07 - Issue 05 ( ISSN 2644-2515 ) Published by ValleyMedia, Inc. To subscribe to Logistics Tech OutlookVisit www.logisticstechoutlook.com Managing EditorLinda JamesEditorial StaffAaron PierceAva Garcia Jade Ray Joshua ParkerSarah FernandesDean WinchesterVisualizerVictor Cruz sales@logisticstechoutlook.comeditor@logisticstechoutlook.commarketing@logisticstechoutlook.comEmail:SalesJessica Stanleyjessica@logisticstechoutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffCopyright © 2021 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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