PLAINVIEW, N.Y., Jan. 14, 2019 /PRNewswire/ -- Security seal company, American Casting and Manufacturing, gives insight into what's in store for the logistics industry in 2019.
Over the past few years, there has been an increase in logistics costs. This is attributed to a shortage of drivers, a lack of necessary information for proper planning, and raised customer expectations for low-cost and high-speed delivery.
Companies are exploring different means to lower costs and find ways to implement current technology in order to keep pace with the expectations of the digital world. Here are some predictions for how the logistics industry will operate in 2019:
The driver shortage will continue. World Bank data showed that U.S. import/export traffic almost doubled between 2000 and 2016. That increase in demand, paired with an aging workforce, has led to a shortage in truckers. The shortage in qualified drivers is likely to continue, with most truckers reaching retirement age and not many younger drivers joining the workforce to take their places.
Big Data and block chain will change the industry. Many big companies have already started implementing Big Data and block chain technology into their transportation plans. However, more and more small to medium-sized businesses will be joining this trend in 2019. This technology will lead to safer global supply chains and more effective plans. Big data will allow people to approve shipment specifications, get insight into shipment conditions, and track everything that happens to the cargo. Block chain will help increase transparency across supply chains which helps a great deal during international shipping.
Payments will be safer and easier. New payment technology will shift payment toward major credit cards, which increases payment flexibility and helps companies complete payments more quickly. The main focus for 2019 is making payments not only more quickly, but with an emphasis on protecting privacy.
These are just a few of the forecasted trends for the logistics industry in 2019.
About American Casting and Manufacturing: American Casting and Manufacturing security seal company, is a New York based, family-owned manufacturing company, that produces high-quality customizable security seals, including bolt seals, container seals, and trailer seals, across a wide range of industries. Through innovative production, customer service, and both employee loyalty and respect, the tamper evident seals manufacturer has been producing high-quality seals for over 100 years. The company conforms to the highest standards, meeting the requirements of ISO-9001:2008 quality management systems.
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SOURCE American Casting and Manufacturing