NEW YORK, Dec. 12, 2019 /PRNewswire/ —
- With growing eCommerce, shifting trade patterns and infrastructure constraints, three key pillars will likely underpin the next-generation supply chain — connected community, holistic decision-making and intelligent automation.
- Significant disruption within the last-mile of delivery is growing imminent. Through 2018, global last-mile startups raised $3.9 billion in funding, up from $454 million in 2016. New entrants are looking to capitalize on gaps between rising expectations and current network limitations with a growing array of emerging channels, focusing on crowdsourced delivery, new collection point networks and smart lockers.
- The horizontal partnerships and digital freight platforms connecting larger stretches of the global value chain signal the rise of connected community, an expanding layer of digital connective tissue forming across the highly-fragmented ecosystem.
- Global movers are harnessing a mix of connected transportation, cargo and warehouses to evolve traditional, linear supply chains into dynamic networks capable of holistic decision making.
- Foundations of a touchless supply chain are now visible, as autonomous operations begin or enter pilot phases at every stage of the movement of goods value chain, ushering in an era of intelligent automation and the collaborative power of human and machine in logistics.
Why this matters Deloitte analyzed strategic innovation among forward-thinking players across the global movement of goods ecosystem. From ocean shipping and ports, to logistics providers, transportation and retailers, it reveals three key pillars that will underpin a next-generation supply chain — connected community, holistic decision-making and intelligent automation. Innovation across these pillars is painting a picture of the future state of global logistics and provides businesses with a framework for looking at the rapidly changing ecosystem.
Key quote“Over time, a global population of consumers demanding greater delivery volume, speed, flexibility, transparency and convenience will force players to adapt. To get started, organizations should define their future ambitions and where to play in the future movement of goods ecosystem. Guided by a strategic vision, organizations can begin examining how the foundational pillars, connected community, holistic decision-making and intelligent automation, can help them win in chosen segments and markets — and the foundational and emerging capabilities required to enable those pillars.”
– Michael Daher, principal, Deloitte Consulting LLP, and US transportation practice leader
Paving the way for an innovative tomorrowThe logistics industry is approaching an inflection point. As the global population continues to swell, urbanize, gain purchasing power and shift to e-commerce all at the same time, companies can drive future and ongoing success through the creation of a solid foundation focused on an end-to-end supply chain through acquisitions, partners and organic innovation to move more goods more efficiently.
Despite being at the beginning of the journey, logistics providers, retailers and other large global movers are applying a mix of enabling technologies and innovative business models to drive the efficiency and supply chain orchestration needed to meet tomorrow’s package volume demand and capture market share. The competitive advantages redefining the global supply chain increasingly center on three core pillars:
- Connected community: The ability to collaborate and connect with partners to see across the network.
- Holistic decision-making: The ability to harness and harmonize traditional and new data to continuously learn, optimize and predict.
- Intelligent automation: The ability to utilize the right human or machine for the task at hand and automate digital processes.
Utilizing the pillars of the Future of the Movement of Goods help shippers to evolve into more integrated, intelligent and automated end-to-end networks that can move more goods more quickly to more places, and with more transparency and efficiency than today.
Investment in innovative last-mile start-ups more than doubled The foundation of a next-generation global movement of goods network is actively forming as companies of all sizes, including start-ups, put a focus on an end-to-end supply chain ecosystem with a critical eye on the last 1,000 feet of direct-to-consumer delivery. From 2017 to 2018, the funding flow of “smart money” from capital investors to support last-mile delivery more than doubled. Plus, the trend of crowd-sourcing to accommodate and strengthen last-mile solutions for delivery of goods accounted for 72%, outpacing collection point network and lockers, digital aggregators, software and droids and drones.
For additional information, visit: https://www2.deloitte.com/us/en/insights/focus/future-of-mobility/future-of-freight-connected-data-intelligent-automation.html. Connect with us on Twitter at @DeloitteCB.
About the CenterDeloitte Consumer Industry Center (the “Center”) provides a forum for innovation, thought leadership, groundbreaking research, and industry collaboration to help companies solve the most complex industry challenges.
Technology is changing at a rapid pace, and so are consumers. How will these changes impact the way our clients do business in the future? The Center provides premiere insights based on primary research on the most prevalent issues facing the Consumer industry to help our clients run effectively and achieve superior business results.
The Center is your trusted source for information on leading trends and research that connect insights, issues, and solutions for Deloitte’s four consumer sectors: automotive; consumer products; retail, wholesale and distribution; and transportation, hospitality and services.
About DeloitteDeloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 5,000 private and middle market companies. Our people work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthy society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s more than 312,000 people worldwide make an impact that matters at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
View original content to download multimedia:http://www.prnewswire.com/news-releases/whether-shipping-by-planes-trains-or-automobiles-the-future-of-freight-is-evolving-300973446.html