It means the value chain around logistics will potentially be subject to huge changes. Every aspect from freight warehousing to long-distance transportation could be radically overhauled by technology-driven solutions.
And while many have predicted physical products falling out of fashion, the growth of online retail giants such as Amazon have shown the success of the market. An estimated 85 million packages and documents are delivered around the world each day, demonstrating the size of the opportunity for tech entrepreneurs and innovators.
Why do we care?
Drones and digital trucks can offer faster, more viable deliveries than traditional solutions and at less costs for both profits and the planet. Real-time tracking means greater efficiencies, particularly during last-mile delivery. Anticipatory logistics also play an increasingly important role in anticipating future consumer trends and habits.
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