1. Sustainability is on the agenda
From falling water levels in the Mississippi River, to heat waves in China and a scorching summer across Europe – the impacts of climate change have never been more apparent. In 2023, supply chains might face the risks of climate disruption – and also bear a great responsibility to improve the situation through decarbonisation and improving sustainability.
Consumers today are increasingly aware and concerned about the impact of their purchasing habits. They want to know what their carbon footprint is and how they can take steps to reduce it. At A.P. Moller Maersk, we’ve built sustainability into our strategy for the year (and years) ahead – with some ambitious goals in place, like achieving net zero greenhouse gas emissions by 2040.
Those businesses that prioritise lowering emissions – both in their logistics and day-to-day operations – and are transparent with customers in what that means for them; will reap the benefits of greater brand loyalty. They’ll also be part of the positive change towards a more sustainable future.
2. Digitalisation is here to stay
According to the Digital Container Shipping Association, if 50 percent of the container shipping industry adopted electronic bills of lading, the collective global savings would be around £3.6 billion a year. Meanwhile, the International Chamber of Commerce (ICC) estimates that small and medium business could see a 13 percent increase in international business if trade were digitised.
These are just two examples of the positive potential of digitalisation in logistics.
Since we created the Twill platform, we’ve pushed the power and potential of digital in shipping logistics. One of the big benefits for our customers is the ability to upload documentation on our platform, giving partners and suppliers the ability to view and download documents as needed during the journey of a shipment.
With the ability to upload and view documents online and browse competitive rates in moments; as well as track shipments on their journey, intuitive platforms like ours give businesses greater transparency, visibility and flexibility. To make shipping simple on your own terms.
3. Overcoming challenges and seizing opportunities in 2023
The worst disruptions of recent years appear to be behind the logistics industry companies. The Sea Intelligence consultancy recently reported that, in the absence of unexpected disruptions, shipping strains will return to normal by March 2023. But, as old challenges fade, new ones will take their place . Understanding logistics industry industry trends and being prepared for all scenarios by prioritising resilience and agility will be part of the solution.
2023 will be a year unlike any other for the logistics industry industry and one that will require being ready for any challenge.
4. Digital logistics take the centre stage
Digital transformations are happening in most industries, and logistics is no exception. Digital logistics use technology to coordinate and control the transportation of goods.
Digital logistics have many strengths, including:
Greater ability to measure and meet supply and demand
Opportunities to improve efficiency
Increased ability to centralise and analyse data
Automation and simplification of tasks
The global digital logistics market is expected to grow at an average rate of 23% over the next few years, according to Allied Market Research. It started at just USD 2.92 billion in 2020 and will reach $22.9 billion in 2030. This equals over 8% of the total global logistics market, with 2023 being a key year for innovation and growth.
The growing importance of digital logistics may also contribute to more consolidation in the industry, with companies seeking to increase their technological capabilities.
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