The Logistics Industry in 10 Years

It’s always interesting to wonder how an industry will evolve over the next decade, and it’s no different for us in the logistics industry.

The question is will the evolution be beneficial or detrimental to the industry? Varying factors come into play when considering this, but here are some predictions we’ve heard being spoken about regarding logistics worldwide.

Import / export

According to a study by McKinsey & Company, they believe that export will grow and change substantially by the year 2020. In fact, they go as far to say 80% of goods will be consumed in different countries from where they were manufactured. Currently this statistic sits at around 20% globally, meaning this would be a very notable increase.

Reliance on logistics

Because of changes such as this, logistics will become more important than ever, becoming a huge determining force of how many businesses are run. It’s believed that developing countries will continue to increase their focus on export and developed countries will seek new, greener technologies – all of which logistics will play an incremental part in.

Tracking

Really, this is already happening and has been for a few years, but the tracking of goods will become much more refined. GPS tracking will take a dominant foothold so that logistics companies and clients alike can stay up-to-date by the second on the progress of their freight.

Significant reduction on environmental impact

With the controversial carbon tax coming into effect in Australian in less than a week, there’s no denying that the environmental impact of companies is going to become more and more noteworthy over the next decade.

But it’s not just about politics as much as it is about technology and how it will evolve to cater to a greener future. Perhaps the introduction of more hybrid vehicles or alternate delivery methods. Only time will tell.

How do you think the logistics industry will change over the next 10 years? Share your thoughts in the comments below.

* Image source: dan / FreeDigitalPhotos.net