E-commerce will continue to boom
The e-commerce industry is booming and expected to grow in the coming years. This will directly impact the logistics industry, as more businesses will need to ship their products to consumers. Besides that, the growth of the e-commerce sector will have a ripple effect on the logistics industry as companies scramble to find efficient ways to get their products to customers’ doorsteps.
Sustainability will become even more important
As consumers become more aware of the environmental impact of their purchasing decisions, they will start demanding more sustainable options from the businesses they buy from. This trend is already taking shape and is expected to grow in the coming years. This will majorly impact the logistics industry, as companies must find ways to ship their products without harming the environment.
The rise of the sharing economy
The sharing economy is already having a major impact on the logistics industry, as companies like Airbnb and Uber have disrupted the traditional business model. This trend is only expected to grow in the coming years as more companies enter the sharing economy. The sharing economy is based on sharing resources instead of owning them. This model has already had a major impact on how we live and work, and it is only expected to grow in the coming years.
Increased Customer-Centric Logistics
By increasing customer-centric logistics, market trends will grow toward more innovative approaches. There will be progress in supply chain management when there are empowered consumers. In other words, when customers are in the driver’s seat, they will shape how logistics companies design and maintain their supply chains. This trend is seen in the rise of e-commerce and the sharing economy.
Automation will increase efficiency — and create new jobs
The rise of automation is inevitable, and the logistics industry is no exception. Logistics professionals believe that automation will have a “very high impact” on their business in the upcoming years. But while automation may eliminate some jobs, it will also create new ones — for example, data analysis and software development positions.
The gig economy will gain traction — but not without challenges
The gig economy—a labor market characterized by short-term contracts or freelance work—has been slowly gaining steam in Europe over the past few years. And as businesses look for ways to cut costs and be more agile, the gig economy is likely to continue growing in popularity. However, this growth won’t come without challenges; specifically, how to protect workers’ rights when they don’t have a traditional employer? This is a question that policymakers and business leaders will need to grapple with in the coming years.
