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What's happening on the roads in 2023.
Source: eKapija
Wednesday, 10.05.2023.
23:06
Wednesday, 10.05.2023.
23:06
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(Photo: Milos Muller/shutterstock.com)
Shipping price drop – with goods bought and shipped at higher prices mostly sold before the first quarter of 2023, the effects of lower shipping costs should slowly become more apparent throughout the year.
Automation, digitization and AI - already a trend in the transport and logistics industry for several years, and in 2023 they will become increasingly necessary in various business processes. The use of robotics in warehouse management or customer care is a trend that is already relevant for the current year. Paper is still widely used in supply chain processes, but is being rapidly replaced by digital communications - a trend expected to continue into 2023.
Labor shortage - in 2022, the workforce was already at an all-time low, and the situation will not improve in 2023. According to Forbes, there is one qualified driver for every nine job postings. To keep the supply chain moving, companies will need to invest in driver retention, which includes incentives.
Multichannel logistics - 2022 has shown more than previous years how one-dimensional supply chains can fall apart under certain conditions. That is why multi-channel logistics, considering all relevant modes of transport, will become even more important in 2023 and beyond.
Consequences of the covid pandemic - it can be expected that the consequences of the covid-19 pandemic and geopolitical unrest will be felt in the industry throughout 2023.
New Global Challenges - After the events of 2022, in 2023, the logistics and transportation industry is threatened by risks such as global recession, new conflicts and adverse climate impacts.
Rising Inflation - With so many factors affecting diesel prices and so much volatility in the market, trucking companies will need to find ways to adjust to this continued price increase throughout 2023.
Declining demand - if the global economy continues to move towards recession in many countries, consumer demand is likely to decrease during 2023.
New acquisitions - Market research firm Transport Intelligence reports that mergers and acquisitions have been increasingly active over the past two years due to uncertain and turbulent market conditions. With the worsening economic situation, further consolidation in freight forwarding is likely, as companies continue to focus on increasing their capabilities and geographic reach.
More demanding customers - Retailers will face more demanding customers and will need to focus on delivery performance, along the way looking for ways to reduce the rising cost of home delivery.
Source: Procurement Tactics
Tags:
transport and logistics in 2023
automation
digitalization
AI
labor shortage
multi-channel logistics
covid 19
war in Ukraine
inflation
global recession
reduction in demand
consolidation in forwarding
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