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How are Autonomous Vehicles Going to Impact Public Transport?

Autonomous vehicles, a living example of driverless technology, will play a crucial role in shaping the future of public transport. These vehicles are expected to be completely available on the road by the beginning of 2020. Autonomous vehicles, with their arrival, will certainly impact the fundamental functioning of urban transportation systems along with public transport.

Basically, public transport agencies have two major goals:

  • Improve mobility across their respective areas 
  • Provide all their respective constituents with credible access to transportation

 

Over the past couple of years, public transport agencies have focused on these goals by running bus or train transport systems that are sufficiently subsidized by the federal and state government. While the public transport system is dealing with the traditional transportation services, the private sector has come up with new technology-based transportation options like Uber and Lyft that have completely redefined public transport. In the near future, there are many such private companies who are going to introduce autonomous vehicles to deal with on-demand and fixed route services.

Impact of autonomous vehicles on public transport

The rising popularity and use of autonomous vehicles will give rise to several intimidating questions such as:

1. Will autonomous vehicles make public transport systems obsolete?

2. What will happen to other mobility options when this driverless technology is broadly adopted?

3. Should public transport agencies reduce or stop their investments as autonomous vehicles subsume their demand?

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IR29

Logistics Services Client Leverages Marketing Strategy Solution to Improve Customer Service

logistics services

LONDON: Infiniti Research, a global market intelligence solutions provider, has announced the completion of their latest marketing strategy solution for a logistics services client. Transportation and logistics is one of the world’s largest industries. The services offered by this industry range from taxis to trucks, airplanes, trains, courier services, ships, warehouses, barges, and logistics. To a large extent logistics industry now includes the use of artificial intelligence and robotics in terms of self-driving cars, trucks, and delivery vehicles. The growth of the global logistics services industry is directly related to the development of international trade flow and the current economic environment.

“Today, customers want full transparency into where their delivery is at all times. Moreover, as customer expectations have increased, and their willingness to pay for fast shipping has decreased. Hence, logistics services companies are leveraging the use of marketing strategy solutions to improve their position in the market. “says an expert at Infiniti Research.

 

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The solution offered helped the logistics services client develop a robust marketing campaign that resonated with the target audience. The solution also helped the client gain insights into ways to position the product in the marketplace and generate a better ROI.

Additional Benefits of The Marketing Strategy Solution

 

  • Devise a marketing mix to differentiate the offerings with that of the competitors within the logistics services space
  • Refine marketing activities and devise an effective marketing strategy to attract new customers
  • To know more, request a free proposal

 


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IR23

Boosting Business Success With 3PL: All You Need to Know

What happens when you fail to fulfill customer orders within a specified time frame? Obviously, it leads to negative reviews, resentful customers, and broken trust of present and potential buyers. This could end up in a nightmare situation for your business. Therefore, it is essential for smart organizations to have an efficient supply chain and logistics mechanism to prevent transportation and delivery related glitches. But for companies dealing with large volumes of goods, it is a difficult task to keep a close watch on their day-to-day business operations and the logistics aspects simultaneously. Due to dynamic customer demand cycles, businesses are looking beyond two-party logistics and resorting to 3PL, or third-party logistics, to ease the workload. Don’t fret if this is a relatively new term for you. We are here to take you through the basics and also give you a few valuable insights on 3PL to boost business success:
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Who is a third party logistics partner (3PL)?

Earlier, logistics contracts had only two parties – the shipper or the owner of the goods and the shipping carriers that transport these products to their final destinations. Third-party logistics providers rose to prominence after the number of sellers in the market who do not have logistics as their core competency began budding in the market. Note that 3PL providers do not hold the ownership of the products at any point, they are only bound to the transportation contract that they have signed. The main aim of 3PL providers is to ensure that the goods are shipped to the final customers safely without any damage and within the stipulated time period.

When should you depend on 3PL?

One thing you should keep in mind is that third-party logistics should not be your go-to-option as a last resort after upsetting your customers. Consider 3PL for your business at the early stages of the order and production cycle itself. Other than the factor of not having an inbound logistics system, if you are receiving large volumes of orders than your capacity per day or if you do not have the adequate storage facilities for these orders, then you shouldn’t have a second thought on partnering with a 3PL provider. But what you need to be wary of here is the different pricing rates of 3PL providers, as this will help you make a comparison and select the one that is most feasible and profitable for your business.

Some advantages of resorting to 3PL

For those companies where logistics is not one of their core competencies, the best thing to do to boost business success is to leave the job to the pros – renowned 3PL providers in the market. By doing this, businesses can not only focus on their key functions but at the same time also ensure that they do not have to take the headache of any logistics related risks and bottlenecks. Also, expanding business operations internationally is not an easy task for companies, especially considering the large number of shipment and cross-country regulations. However, reputed 3PL providers have their presence in the international markets and are also equipped with the necessary international trade licenses. Therefore, it becomes easier for companies to ship their goods abroad with the help of 3PL logistics. An additional benefit of hiring third party logistics providers is that companies can avoid the additional warehousing and storage cost of goods as they are taken care of by the logistics providers.


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What are the New Energy Storage Trends for the Cold Chain?

Most of us who keep tabs on our power bills are well aware of how refrigeration and air-conditioning can burn a hole in our pockets if not used judiciously. So, what about the case of large cold chain warehouses that bank on such facilities around the clock? How do they manage to survive this costly affair and simultaneously ensure that they avoid spoilage of perishable materials? All hail technology, now cold chain warehouse companies can cut down on refrigeration and temperature controlling costs and gain improved energy storage and efficiency through thermal energy management.

Thermal energy storage solutions help companies reduce energy consumption, decrease carbon footprint, and at the same time save money. Buckle up as we take you through a few popular energy storage trends that are budding in the cold chain sector:IR_Brochure

Thermal Energy Storage Market is Booming

As per Technavio’s Report on thermal energy storage, the global thermal energy storage market is expected to grow significantly and post a CAGR of over 18 percent over the next couple of years. One of the main reasons for this growth is the rising demand for cost-effective  storage systems. Thermal energy storage is also gaining popularity due to its low carbon emission, low power consumption, and improved efficiency displayed by them in energy storage.

Standardizing System Components

Favorable government policies, innovative technology, and declining component costs have given birth to a dynamic market for energy storage. To reap the benefits of the same, energy sector players are expected to standardize the way system components are built, their performance, and the manner in which they communicate with other grids. How will standardization benefit the energy sector? It will result in the faster integration of energy storage solutions and lower the project costs.

Implementation of Full Scale Food Safety Modernization Act (FSMA)

FSMA establishes stringent regulatory and preventive standards for producers and processors to adhere to. They have also established strict penalties for players who fail to comply to these standards. This measure is getting the players in the cold chain to ensure that their standards match the ones set by FSMA.

Transport Rules are Getting Stricter

The US Food and Drug Administration has formulated a law to ensure that the carriers keep a check if appropriate temperatures of storage are maintained during the entire duration of the transportation of the products. The law also states that the carrier must provide adequate documentation to the receiver that the products that have been transported in a controlled environment.

 

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What’s Changing in Cold Chain Logistics? 5 Trends That You Need to Be Aware of

With industries like food and pharma rapidly expanding, the players in these sectors are looking for new ways to make perishable items last longer and reach different parts of the world to meet the rising demand. However, logistics has long been a significant concern for manufacturers banking on cold chain facilities due to strict temperature requirements, capital-intensive equipment, and energy dependence. Furthermore, capacity and resource constraints, cost concerns, and matching the exact storage and logistics needs of each sector are some of the other challenges of cold chain logistics. Curious to know about the trends in cold chain logistics that manufacturers should be aware of?

Learn more about our portfolio of services and how we help businesses formulate effective go-to-market strategies.

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Cold Chain logistics trends

New Packaging Trends

Packaging remains one of the most crucial aspects of the cold chain process. The main reason for this being that the packaging decides how safe and fresh the contents inside remain till it reaches the end user. In the case of players in the pharma industry, the primary challenge is to balance the packaging and transportation cost; in this case, the more insulated the packaging the higher is the cost incurred. Manufacturers in the food industry are slowly shifting towards disposable and reusable packaging owing to the focus on ‘going green.’

Watch Out For The Regulations

There has been a sharp rise in the number of incidents pertaining to food safety and pharma counterfeit,s which are prompting governments to make stringent regulations on production and supply chains. This is one of the main reasons why various cold chain logistics providers such as Americold are investing in additional credentials and incorporating strict practices to adhere to the regulatory requirements.

Companies Are Shifting To ‘Power Saving’ Mode

Several players in the cold chain logistics business are looking for innovative ways to strike a balance between the energy-intensive requirements of products that are easily perishable and the need to reduce resource consumption. Therefore, these companies are investing heavily in researching and developing new ways to arrive at an optimum solution. Many players are experimenting with improvements in insulation, which are likely to give more savings and at the same time ensure energy efficiency.

Product Quality And Sensitivity Are In The Spotlight

As they say “ survival of the fittest,” customers today are more conscious about the quality of the products they are buying. What does this mean for players in cold chain logistics? This means that they have to ensure that the products should be prevented from any damage in the packaging or the quality until it reaches the final consumers. Therefore, manufacturers are relying on various cold storage techniques such as controlled temperatures to suit various products and the logistics cycle they have to go through.

To know more about the trends in cold chain logisticsAsk an analyst

IR4

Commercial Transportation Trends in 2017

With digital proliferation, companies in the transport business have been compelled to assess the market space and identify the major commercial transportation trends. Transportation companies are devising strategies to embrace innovation and advanced technology to customize product offerings according to the consumer preferences. By integrating its business processes with the emerging commercial transportationIR_Brochure trends such as automated fleet management, big data analytics and market intelligence, and advanced telematics such as predictive networks, robotic process automation, and autonomous vehicle technology, the transport companies can achieve flexibility and build capabilities to focus on the most profitable segment and cater to their target market. The benefit of identifying the commercial transportation trends and embracing innovation is that the companies can stay abreast of their competitors and expand their market share by offering an extensive product and service line.

Let’s have a look at the commercial transportation trends that are set to disrupt the transportation and logistics industry in 2017.

Top Four Commercial Transportation Trends

Emerging trends in the commercial transportation sector have coerced companies to develop modern data networks, build flexible and customer responsive models, enable transparent shipment tracking, and offer end-to-end delivery schedules. Commercial transportation companies have been diffident about adopting the emerging industry trends due to the absence of a digital infrastructure, security, and cost concerns. However, these four evolving commercial transportation trends are set to positively impact the organization’s bottom line and improve operational efficiency, which are as follows:

  • Self-Driving Vehicles – Advancements in technology has given birth to driverless vehicle software, which aims at redesigning the existing fleet with self-navigating equipment and sensors. The self-driving or autonomous vehicles embedded with advanced technology enable the vehicle to determine road conditions, collect data, and communicate with other trucks connected over the cloud
  • Real-Time DataBy leveraging big data analytics and advanced telematics, the transportation companies can track and monitor the vehicle location and condition, and leverage the sensors to estimate freight, available space, best possible route, and estimated delivery time
  • Robotic Process Automation – The transportation companies can leverage advanced robotics and process automation to drive mobility, increase operational efficiency, and identify appropriate locations for pick-up and delivery. By integrating advanced robotics within the organizational processes, transportation companies can minimize labor costs and speed up the delivery process
  • Predictive analytics – The transport companies can leverage big data analytics and data mining tools to improve their bottom-line by leveraging customer and shipment information. The insights gained through predictive analytics tools can be leveraged to identify consumer trends, market developments, utilize this grass-root level information to tailor their product offerings, and devise effective marketing strategies and promotional campaigns

View our latest case study on how organizations are leveraging the commercial transportation trends to gain a competitive advantage and expand their revenue streams.

The Infiniti Way

The rule of thumb to survive in the market, create lasting impressions, realize business objectives, and drive profitability is to listen, identify, and analyze customer and market information.

“In this dynamic and competitive market environment, it is essential for organizations to gain an in-depth knowledge of their target customers and leverage these insights to improve their decision-making process.”

With more than 14 years of experience, Infiniti Research has worked with several clients across the globe and provided various business intelligence services that has helped them make strategic business decisions wisely. We have worked with over 120 plus clients, including 55 Fortune 500 companies and helped them build capabilities and drive bottom-line growth by leveraging the constant influx of information and data. With the help of our team of expert analysts and consultants, we strive to complement our client’s business objectives to discover growth opportunities and drive business excellence.

To know more about the commercial transportation trends in 2017 

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Pharmaceutical Industry

Market Assessment Study Helps a Fleet Management Company Enter Emerging Markets

Globally, with the recent increase in fleet management service providers, enterprises have started carrying out logistical and capturetransportation functions in an agile and seamless manner. Consequently, enterprises are becoming increasingly reliant on effective fleet management services to track and maintain their vehicles in a cost-effective, quick, and accessible way. Moreover, reduced overall running costs, enhanced safety, and optimized fleet operations are some of the other benefits offered by fleet management service providers. Effective and real-time monitoring of fleet management also helps the organization to further eliminate the risks associated with staff cost and operations.

With years of expertise in carrying out effective market assessment studies for a wide array of industries, Infiniti provides effective solutions for the fleet management market in terms of the connectivity technology, service, the key factors influencing the market’s growth. The market assessment studies carried out by Infiniti also offer detailed information regarding the growth trends, future prospects, and challenges faced by the stakeholders in the target market.

The Business Challenge

A global conglomerate in fleet management services was facing challenges evaluating and entering emerging markets and benchmark their strengths. The client was also facing challenges understanding the future of new disruptive markets and lacked sufficient data to make informed decisions. In addition, the client also wanted to analyze multiple business scenarios built on many variables.

Our Research Methodology

To gain strategic insights into the fleet management market, our market assessment experts followed a blended approach, comprising of email/phone based invites, reminders, and telephone surveys, followed by data analysis and insight development. Also, our market assessment experts leveraged the use of agent-based modeling and artificial intelligence techniques to analyze data, evaluate scenarios, and develop effective market entry strategies.

Fleet management

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Our Solution Helped the Client

  • Conduct a robust evaluation of the target market and all its key variables
  • Analyze the penetration levels of fleet management services among the target regions
  • Identify the potential competitors and their business strategies
  • Formulate smart operating models and focus on costs

Benefits of Our Integrated Approach

In a period of six weeks, Infiniti’s market assessment experts were able to gauge information on fleet management in terms of competitors, potential drivers, and planned positioning. The engagement also helped the client track and analyze competitive developments such as recent mergers and acquisitions, new product developments, and aftermarket scenario.

A must-read market analysis case study for strategy experts and decision makers looking to assess the market landscape for fleet management.

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Competitive Intelligence Study Assists a Beverage Supplier to Analyze the Penetration Level of Their Products

With the introduction of high tensile strength advanced polymers in the market, plastics have shown a considerable increase in its adoption, especially for material handling purposes. Material handling equipment is used to store, lift, and transport materials to different places. Plastics find application across industries such as agriculture, chemical, textile, pharmaceutical, retail, and automotive for storing and material transportation purposes.capture In the plastic material handling industry, products are in the form of pallets, trays, and containers. Although the market for plastic material handling is witnessing an exponential growth, it is expected to face several challenges. Bulk material handling, dusting, batching, cleanability, and segregation are some of the factors, which are anticipated to hamper the growth of the market. With years of expertise in carrying out effective market analysis for various Fortune 500 companies, Infiniti’s experts offer strategic insights into the market space for plastic material handling products in terms of the competitors, product portfolio, and challenges.

The Business Challenge

A global conglomerate in beverage and retail was facing challenges understanding the product lines similar to pallets. The client wanted to better understand the plastic material handling products market in the US. The key objective of the engagement was to understand, evaluate, and provide insights on the market and the competitive and customer landscape for plastic material handling products (pallets, trays, and containers).

Want to learn more about Infiniti’s market analysis methodology?

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Our Research Methodology

To gain actionable insights into the market landscape, Infiniti’s industry experts followed a blended research approach comprising of semi-structured interviews and discussions with market leading experts, product managers, procurement experts, decision makers, analysts, researchers, consultants, and members of trade associations. To identify the stakeholders for primary research, experts conducted robust secondary research through proprietary and open data sources, market research reports, white papers, magazines, and publications.

Our Solution Helped the Client

  • Identify the potential competitors in the market in terms of their product portfolio and the average selling price
  • Assess the market size by volume (units) and revenue (USD)
  • Understand the major demand drivers and estimate the industry level margins
  • Assess the competitive and customer landscape of the market

Benefits of Our Integrated Approach

In a span of eight weeks, the competitive intelligence study helped the client analyze the penetration level of products into pallets, crates, and containers. The engagement also helped the client assess the value chain in terms of the supply chain and distribution channel.

A must-read market analysis case study for strategy experts and decision makers looking to understand the market landscape for plastic material handling products.

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Market Assessment

Chemicals Renaissance in US and Transportation Bottlenecks

The dramatic growth in the chemicals industry has caught the fancy of industry experts, investors, as well as the public. Especially the chemicals market in the US has witnessed a whooping investment of $161 billion in the past 7 years making industry experts predict a renaissance for the chemicals manufacturing industry. Abundance in shale gas, along with low cost of feedstocks are two major factors which has triggered the growth of this market in the US.

Chemistries which has pushed the industry on the verge of renaissance

Methanol, polyolefins, and olefins are the three chemistries which has ushered in renaissance in the specialty chemical industry. For instance, olefins are regarded as building blocks for products like propylene and ethylene. Methanol, on the other hand, is a chemical that is heavily used in manufacturing other chemicals as well. The high availability of shale deposits in the US has not only brought down the cost of production of natural gas, but has also led to immense technological innovations in this area.

The US basically has a cost-advantage over the other producers of shale gas. This is the reason why, even though shale deposits are found in other regions as well, it is in the US that this natural resource has been used in the best possible manner.

How transport infrastructure is critical for the growth of chemicals industry?

As far-fetched as it might sound, the growth in the chemicals industry has highlighted the lacunas in the United States transport infrastructure. Industry experts predict the cost of delays due to transportation to come up to $22 billion. The loopholes in the primary modes of transport like rail, sea, and roadways, will also result in high operational costs which is sure to affect the manufacturers in the chemicals industry in a negative manner.

Roadways is the primary mode of transport adopted by the chemicals industry in the US, followed by the railways and then the seaways. The major bottleneck emerges in the form of regulatory requirements which the drivers for the chemicals industry must adhere to undergo. When it comes to the sea ways, the major problem is that the gulf ports are not regarded as ideal locations by players in the chemicals industry. The non-gulf ports on the other hand often face problems due to disputes between warehouse unions and maritime associations.

The need of the hour is to address the transportation issues by bringing all the stakeholders – chemical manufacturers, shippers, as well as policy makers – on the same platform. Only when the transportation related issues are addressed will the renaissance in the chemicals industry come in full bloom.

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Market Assessment Study on Real-Time Location Solutions

Today’s competitive business environment is compelling enterprises to improve their operational efficiency, profits, and customer satisfaction, which is, in turn, driving the adoption of real-time location systems (RTLS) technologies. RTLS technology is used to track and locate assets or people in real time using radio frequency (RF) signals as a communication medium. The RTLS tags attached to the target objects provide location information in real time through automatic and continuous feedback. The implementation of RTLS offers several advantages including increased efficiency, improved quality, and cost saving, which is expected to boost its adoption and applications across industries such as logistics and transportation, manufacturing, defense, aerospace, oil and gas, healthcare, retail, mining, chemical, and among others. Some of the important applications of RTLS include asset tracking, work in progress tracking, patient’s activity tracking, and vehicle tracking.

With a deep understanding of the RTLS market, the industry experts at Infiniti helped the client with a comprehensive overview of the market including market size, market segmentation based on technologies and end user applications, and key competitors.

The Business Challenge

A leading engineering company based out of the US was facing challenges analyzing the market landscape for real-time location solutions in terms of the market size, market share of key players, market dynamics and the latest trends. Understanding the competitive landscape would help the company assess the market size and segment it into different technologies and end user applications. To understand the market’s growth potential, the client wanted to identify the upcoming niche segments and existing technologies in the market.

Our Research Methodology

To gain a broader perspective into the market, the analysts carried out exhaustive primary research comprising of 200-210 in-depth interviews and discussions with several industry experts, business executives, and market stakeholders. Moreover, the market assessment experts collated valuable information from various proprietary sources such as paid industry databases, annual reports, media platforms, news aggregators, industry forums, and company presentations.

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Our Solutions Helped the Client

  • With a detailed characterization of the competitive landscape, growth drivers, and challenges
  • Identify the key purchase decision makers and current purchase trends
  • Assess market segmentation; by technology, region, and vertical.
  • Assess the current, historical, and forecasted market size

Benefits of Our Integrated Approach

After a detailed analysis of the market landscape, the client gained a comprehensive overview of the RTLS market, products, and stakeholders, along with the product attribute analysis. This market assessment study also helped the client identify the competitive threats and opportunities in the market and make informed business decisions.

A must-read market assessment study for strategy experts and decision makers looking for effective solutions on the RTLS market.

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