What's New in the 3PL Space?

Linda James, Logistics Tech Outlook | Tuesday, November 03, 2020

The large array of emerging technologies are revamping the 3PL landscape.    

FREMONT, CA: The logistics industry is increasingly turning towards the advancements and developments in technology in order to stay relevant to the modernizing world of the consumers. While there are influences of technology already driving the third-party logistics (3PL) sector, the impact of the evolutions in technology is said to be steering this landscape towards fruition inevitably. Technologies such as robotics, artificial intelligence (AI), the internet of things (IoT), data analytics, and more are continuously aiming to reshape the way 3PL operates in order to make it smarter and better. From warehouse management to delivering the orders to customers, technology is transitioning 3PL towards accuracy and quality.

Top 3pl technology companies

 

The operational paradigm of the supply chain in the modern landscape is looking for highly reliable and quality spatial technology solutions to optimize routing protocols and be able to find out addresses and reach the right locations more easily and quickly. This could also be a sign of how the scope for innovation is getting wider and wider in the realm of 3PL. The modern logistics industry believes that technology is the reason for the competitiveness of a company to shoot up. With the right tech strategy in conjunction with its practical implications on the application, the 3PL players in the modern market who are aspiring for tremendous success are sure to get it.

With the pandemic increasingly creating a disruptive environment and adverse consequences, the traction, as well as popularity for remote working and monitoring technologies, is rising at a dramatic pace. In addition to this, the fourth industrial revolution has also been a push for the vertical of 3PL to enable intuitive and self-channelizing algorithms that are based on AI, machine learning, deep learning, IoT, and more to create the sense of machine cognition and automate procedures in order to reduce or further eliminate the need for human intervention.

See Also: Top logistics technology companies

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