July - 20216 logisticstechoutlook.comLinda James Managing Editoreditor@logisticstechoutlook.comIn a world where the digital transformation of the supply chain is crucial to success, logistics companies strive to embrace the transition by staying up-to-date with the demands and opportunities by upgrading their core systems. Unfortunately, current solutions to optimize the logistics workflow for many smaller businesses are over-engineered, too capital intensive and costly to configure and maintain. But being relegated to reliance on paper-based processes, complex spreadsheets, and dated legacy systems leaves them with extensive obligations to manually update other systems. This inefficiency means they not only lag behind the competition curve, but due to their critical role in almost every supply chain, they can severely constrain broader supply chain effectiveness.Thus, companies are now relying on the Internet of Things (IoT) to bring additional value into their logistics processes. Using IoT, firms can gather data from a myriad of connected devices in the supply chain network and then analyze it using machine learning algorithms, thereby reaping multiple rewards such as preventive maintenance, corrective measures for the repair of faulty products, and improved efficiency of delivery trucks. Similarly, blockchain technology offers unprecedented operational transparency and traceability of logistics companies' goods and shipping vehicles. With the help of blockchain, individual customer identities cannot be tampered with at the time of the good's delivery. In addition, feature sets such as a unique blockchain registration ID for every delivery vehicle against the delivery job ID enable effective deliveries and returns of bought products.Furthermore, customer's ever-increasing demand is also compelling companies to come up with out-of-the-box solutions to fulfil consumer's expectations. For the same, firms are leveraging elastic logistics abilities and collaborating with local distributors to share fleets, inventory, warehouses, and delivery networks to handle multiple distribution channels in parallel while penetrating new markets. In same vein, recognizing the best logistics tech startups that offer innovative offerings, Logistics Tech Outlook compiles the thoughts and ideas of industry specialists and products from leading enterprises. In our assessment, we discern a vendor's capability to fulfil the need for cost-effective and efficient logistics solutions that add value to an organization and its customers worldwide.Let us know your thoughts!EditorialLogistics Performance is in the Eye of the Beholder JULY - 02 - 2021, Volume 07 - Issue 06 ( 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 WinchesterVisualizerJaxon Jasesales@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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