Why do startups in the logistic space have changing needs?

The fourth industrial revolution is stirring up a wave of disruption in both business models and the supply chains that facilitate them. The advancement is notable by its speed, magnitude, and comprehensiveness. The disruptions are so drastic that they will alter the way we live, collaborate, and interact with one another, affecting nations, enterprises, industries, and society as a whole. These significant trends will undoubtedly have an impact on logistics, which is an essential component of these processes.

In addition, the digitalization of several processes, as well as the mass adoption of technologies such as blockchain, the Internet of Things (IoT), augmented reality, and artificial intelligence (AI), are expected to usher in paradigm shifts in the logistics and international transportation sectors, creating new potentials for those who can leverage these technologies while widening gaps with industries that fail to respond to the changing context in a timely manner. To maintain a competitive advantage, the logistical management system has to strive for interconnected information and optimised time and resources, while also investing heavily in innovation and development.

Read Full Story..