In today’s fast paced world, the Logistics Industry is helping businesses build steadfast bridges between their production lines and the target audience. Entities in this complex discipline don’t have the luxury of taking it easy- the competition is simply too severe for that. And, with current market trends emphasizing on the Integrators (operators who provide both non-asset-type and asset-type services), and amid the ever-incrementing demand for professional outfits that provide high-end logistics and supply chain solutions, the concepts of USP and local dominance are quickly becoming redundant.
How then can your business maintain the edge? As a seasoned logistics partner, how can you convince a potential client about the conclusiveness of your services? How to dominate and yet, stay within the budget?
The Challenge: Decoding the Landscape of the Next Five Years
In the upcoming five-year period (2017-2021), proponents in the Global Logistics market will face several challenging scenarios. With growing demand for competent logistics services from high worth customers, and the vendors’ inclusion of VAS and other specialized professional supply chain solutions in their product portfolio, the cost of operation will naturally take an upward curve. Associatively, the vendors will have to adhere to competitive pricing and keep a close and informed watch on the markets to make quick and informed changes. An ability to predict, quickly, the ebbs and highs of the market defines the DNA of a profitable logistics operation.
No less challenging will be the government’s ever tightening hold in terms of regulations. Stringent rules pertaining to permits, taxation and zoning will be a logistical nightmare to maneuver. Additional regulations including compliance with homeland security, driver safety, carbon emission requirements, state taxes on fuel, etc. will only bulk up the vendor’s pain points.
Finally, there are the technological inputs. Traditionally, the logistics industry has been slow in adopting the latest technology in order to streamline their operations. From simple handheld devices to complex algorithms, the speedy adoption of technology will be crucial for players in this segment to keep up with competition and appeal to a customer base that is increasingly technology savvy. Closely related to this is the discernible lack on innovation in this discipline. Innovation is key to growth, profitability and differentiation and it’s plausibly criminal that this idea hasn’t been explored in detail, ruminated upon and invested in.
An Opportunity: Knowledge to the Rescue
These queries symbolize roadblocks, the resolution of which, define a business’s ascension from the general ranks to that of a market leader. At Infiniti Research, we are proficient at leveraging the latest and most impactful market research tools, across 100+ countries, and derive actionable insights that will allow you to better understand your local, national and international competition, the established and emerging market trends, and possible impedances that could otherwise derail your marketing agenda.
Infiniti solves strategy related challenges by providing actionable insights which are generated by deploying time-tested methodologies. The firm is home to 500+ experienced analysts who are proficient at speaking to a plethora of experts across the value chain to understand their opinion on a variety of qualitative and quantitative topics- fundamentals that have a direct impact on your bottom-line. While the 2017-2021 timeframe will bring along its opportunities in the logistics industry, expert insights will provide the robust tools to mitigate the challenges that are sure to swim alongside.