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Behind the scenes of the world’s leading transportation and logistics companies, a profound digital transformation is now underway. Companies are digitising essential functions within their internal vertical value chain, as well as with their horizontal partners along the supply chain. They are enhancing their product portfolio with digital functionalities and introducing innovative, data-based services.
The buzz around Industry 4.0 has moved from talk to action. Transportation and logistics companies are already investing in digital operations solutions and 71% expects to have achieved advanced levels of digitisation and integration in five years’ time. They are setting themselves ambitious targets for the level of digitisation and integration that can be achieved.
The digitisation journey in the transportation and logistics sector is already well underway and is set to accelerate in the immediate period ahead. Trendsetter companies are using big data analytics for demand forecasting and, in turn, improving inventory planning, warehousing fulfillment and distribution.