Top Transportation Technology Trends – Forbes
The Maturity Curve of Different Transportation Technologies
This is the time of year when industry analysts and technology pundits make predictions about the future. McKinsey & Company, a worldwide management consulting firm, has done the same. However, their predictions are based, in part, on a survey of more than 250 global shippers and logistic service providers. The survey covered what technologies they are currently using as well as their planned investments.
McKinsey has recently released a report on shippers’ and LSPs’ investments in transportation, warehousing, and planning technologies. 87% of shippers reported maintaining or growing their technology investments since 2020. 93% said they plan to maintain or increase their spending over the next three years.
In terms of foundational technologies, a surprisingly high 76% of logistics service providers and 64% of shippers have invested in transportation management systems. More advanced solutions include real-time transportation visibility, route optimization, and telematics. 68% of LSPs and 56% of shippers have invested in these more advanced transportation solutions. Even more cutting-edge solutions, solutions that may or may not prove their worth, include delivery drones and hydrogen vehicles. These cutting-edge solutions are at a much earlier stage of development.
In transportation, digital freight procurement and asset tracking & data mining are in broad use. Automated guided vehicles (AGVs) for internal transport, enhanced driving solutions, and digital yard management are starting to scale up. Cutting-edge technologies, such as delivery drones and hydrogen vehicles are at low development and adoption level. The top drivers for these investments are the needs for improved cost, driver, and productivity management.
Implementing new systems is not easy. Most companies mentioned developing a business case, change management, and training as the main challenges they faced when implementing new solutions. Around 80% of LSPs and 68% of shippers cited the cost/ROI analysis as the biggest challenge for transportation transformations.
The technology that could most change the face of transportation is autonomously driven semi-trailer trucks. Understanding when this technology will roll out, how that roll-out might progress, and what specific autonomous driving model is likely to win in the market, are the biggest questions facing logistics executives. This report did not address these very difficult questions.
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
This is the time of year when industry analysts and technology pundits make predictions about the future. McKinsey & Company, a worldwide management consulting firm, has done the same. However, their predictions are based, in part, on a survey of more than 250 global shippers and logistic service providers. The survey covered what technologies they are currently using as well as their planned investments.
McKinsey has recently released a report on shippers’ and LSPs’ investments in transportation, warehousing, and planning technologies. 87% of shippers reported maintaining or growing their technology investments since 2020. 93% said they plan to maintain or increase their spending over the next three years.
In terms of foundational technologies, a surprisingly high 76% of logistics service providers and 64% of shippers have invested in transportation management systems. More advanced solutions include real-time transportation visibility, route optimization, and telematics. 68% of LSPs and 56% of shippers have invested in these more advanced transportation solutions. Even more cutting-edge solutions, solutions that may or may not prove their worth, include delivery drones and hydrogen vehicles. These cutting-edge solutions are at a much earlier stage of development.
In transportation, digital freight procurement and asset tracking & data mining are in broad use. Automated guided vehicles (AGVs) for internal transport, enhanced driving solutions, and digital yard management are starting to scale up. Cutting-edge technologies, such as delivery drones and hydrogen vehicles are at low development and adoption level. The top drivers for these investments are the needs for improved cost, driver, and productivity management.
Implementing new systems is not easy. Most companies mentioned developing a business case, change management, and training as the main challenges they faced when implementing new solutions. Around 80% of LSPs and 68% of shippers cited the cost/ROI analysis as the biggest challenge for transportation transformations.
The technology that could most change the face of transportation is autonomously driven semi-trailer trucks. Understanding when this technology will roll out, how that roll-out might progress, and what specific autonomous driving model is likely to win in the market, are the biggest questions facing logistics executives. This report did not address these very difficult questions.
One Community. Many Voices. Create a free account to share your thoughts.
Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.
In order to do so, please follow the posting rules in our site’s Terms of Service. We’ve summarized some of those key rules below. Simply put, keep it civil.
Your post will be rejected if we notice that it seems to contain:
User accounts will be blocked if we notice or believe that users are engaged in:
So, how can you be a power user?
Thanks for reading our community guidelines. Please read the full list of posting rules found in our site’s Terms of Service.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
