May - 20186 logisticstechoutlook.comLinda James Managing Editoreditor@logisticstechoutlook.comLogistics and transportation industry today is confronting a vast set of changes, bringing both risks and opportunities to corporate supply chains. A recent study from Forrester reveals that new market entrants, customer expectations, business models and an array of advanced technologies are set to significantly alter and disrupt the $4 trillion global logistics business over the next several years. Coupled with these factors, businesses today are giving more emphasis on innovative freight and logistics technologies due to the impact it can have on earnings and customer loyalty.Both small and large enterprises are dabbling in innovations ranging from robotics to machine learning. The entry of Robotics is set to change logistics and freight management more than any other technology trends in the coming year. Spurred by the record-breaking growth of e-commerce and rising labor costs, robots can have a very positive impact in distribution centers and for warehouse managers seeking ways to increase capacity and improve efficiency in critical areas such as handling the movement of goods and inventories.Advancements in the field of artificial intelligence (AI) and Machine Learning (ML) is also disrupting the logistics space. The growing access to thousands of data points, computing power and cloud capabilities, combined with AI algorithms that analyze trends and predict scenarios, is providing shippers with real-time knowledge to make faster and better shipment and business decisions. In addition, the Internet of Things is also becoming a mainstay for most of the logistics companies as it helps them to understand shippers' movements and the nature of their freight. Besides this, blockchain technology, which is still in its infancy, is expected to create a more connected and efficient supply chain by enabling real-time, secure and inalterable information sharing among shippers, carriers, brokers and others. Riding on this trend, a growing number of vendors are offering robust and best-of-breed freight management solutions. These vendors not only leverage innovative technologies to steer successful freight management initiatives but also collaborate with clients to explore positive outcomes. In this edition of Logistics Tech Outlook, we are featuring companies that are at the forefront of these trends. The edition also blends thought leadership from subject matter experts with real stories on what selected vendors are doing for their clients, including exclusive insights from CIOs and CXOs.Write us your thoughts.EditorialThe Future of LogisticsCopyright © 2018 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.MAY - 2018Contact UsPhone:510-565-7614Fax:510-894-8405 Emaileditor@logisticstechoutlook.comsales@logisticstechoutlook.commarketing@logisticstechoutlook.com MAY - 2018, volume 04 - 05 Published by ValleyMedia, Inc. To subscribe to Logistics Tech OutlookVisit www.logisticstechoutlook.com Managing EditorLinda JamesEditorial StaffSalesAaron PierceAva GarciaBanu JohnJade RayJoshua ParkerSarah FernandesVisualizerGokul K GAngela ParkerAndrew Smithandrew@logisticstechoutlook.comFREIGHT MANAGEMENT SPECIAL*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
< Page 5 | Page 7 >