Both domestic and international supply chains are under constant pressure to reduce costs, while maintaining a high performance. This has become a great challenge for the industry as to accomplish this, they are forced to compromise on their profit margins. Moreover, there are constant changes and updates coming up in the industry that these supply chain players need to incorporate in their processes if they want their customers to be happy and satisfied. Some companies fail to stand up to the expectations of their clients, while there are others like Jayem Logistics who are always striving to provide their customers with the best at all times, even if that means cutting down a little on the profit margins. This is what makes Jayem Logistics the best integrated supply chain player in India. Let us take a look at some latest trends that are emerging in the supply chain industry today.
The world is getting smarter with the use of smartphones, smart watches, smart devices and smart technologies. To live up to this smart movement, the supply chain industry too is rapidly increasing the use of smart technologies within their management. RIFD, AIDC and IoT are some of the technologies being used that help keep track of enormous amount of data. More data means better steps can be taken for decision making.
Soon we will be seeing vehicles not being driven by drivers! Yes, this is another smart technology that is making its way into the supply chain industry. This technology is gaining popularity for a variety of reasons. First of all, drones and driverless vehicles optimize fuel and the cost of maintenance, thus they are more efficient and cost-effective. With automated vehicles, human error is highly reduced. Companies can avoid paying overweight truck fines and these trucks will not be overloaded. Also, losses that may be brought on by underutilizing a truck can be avoided.
Smart technologies have helped countries like India, China, Brazil and Russia to open up to the world as they are no more emerging markets, but they are now fully developed. To help deal with tariffs, customs and other such legal procedures, supply chains are partnering with third-party logistics providers to help them manage distribution, warehousing and in-country transportation. However, with a company like Jayem Logistics who has all of these processes in-house, you need not worry about partnering with different companies for different processes.
eCommerce has become a leading market today! Retailers are embracing omnichannel strategies to make money, thus providing multiple channels for delivery and earning from the charges paid. Modifications like locker deliveries and click-and-collect options are coming up.
More and more youngsters today are turning towards getting highly skilled with supply chain management. They are being excellently trained to instill diverse skills with a global perspective, thus bringing out highly skilled professionals from universities. These experts add considerable value to the organizations they work for and make significant contributions to the same.