A leading logistics player wanted to increase the profit with a digitally transformed business ecosystem. The Industrial Internet of Things is a key component of the ‘connected logistics market’ as you can read here. Logistics involves endless movement. Consistent with Transparency Market Research Report, the worldwide digital transformation spending in logistics market is anticipated to succeed in US$ 94,972.3 Million by … Or how capturing and processing information fast is essential (without forgetting the accuracy). With the lines between digital and physical blurring, few industries are so hyper-connected on all levels than those who are active in supply chains. The transportation and logistics industry is information-intensive and always has been data-driven. In other words: paper-based and IT-supported processes are combined. Logistics 4.0: Changing Patterns of Logistics in Industry 4.0 and Role of Digital Transformation in SCM. In the end many of these examples are essential reasons why, as businesses, we’re so fond of big data and in this context certainly fast data and data analytics, delivered by unleashing artificial intelligence and cognitive computing on sets of data which we need to time so many things right and even in a predictive way as we do with predictive analytics. The good news about the transportation sector is … A short-term phased recovery by key geography is also addressed. COMPETITIONTotal Companies Profiled: 46Read the full report: https://www.reportlinker.com/p05960886/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. The U.S. Market is Estimated at $13.4 Billion, While China is Forecast to Grow at 8.7% CAGR The Digital Transformation Spending in Logistics market in the U.S. is estimated at US$13.4 Billion in the year 2020. The technologies are different, depending on the exact ‘activity’ (packaging is not the same as actual transportation or border procedure management, to name a few) but they all have one element in common: the focus is mainly on data and information. If we look at the period between 2005 and 2012, we see that, according to Olivier Wyman there was an average growth of 7 percent per year (revenues) but profitability (EBIT margin) declined from 6.8 percent to 4. percent in that same period. This overview of challenges and drivers is not exhaustive. Die Digitalisierung entwickelt sich rasant und insbesondere für die Logistik ergeben sich hierdurch neue Möglichkeiten. No wonder that disruptive companies such as Amazon and also newcomers focus on speed and often aim to take more control of parts of the supply chain or simply cut intermediaries where they can. T&L companies need to move up the data maturity level in order to turn possibilities in the sphere of the Internet of Things and cognitive computing into benefits that enable them to transform their businesses faster than is the case today. It offers new opportunities for logistics as this integrative discipline, managing globally-distributed networks, is an enormously promising field for applying digital transformation … Logistikunternehmen hinken bei der digitalen Transformation hinterher. And it is no different in logistics, transportation and supply chains. This is less than in other sector, PwC states (source: “Industry 4.0: Building the Digital Enterprise – Transportation and logistics key findings”). The challenge was to automate end-to-end logistics processes from manufacturing consignment to end-client delivery fulfilment. Die Logistik wird zunehmend bestimmt durch Konnektivität sowie neue Mobilitätskonzepte. Among the five key digital transformation technologies in logistics are e-AWB, cloud logistics, big data, blockchain and IoT. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 8.8% CAGR for the next 7-year period. IoL technologies, such as asset tracking systems, help to reduce the complexity and effort spent in handover operations, documentation, and cargo validation. EXECUTIVE SUMMARY1. Whereas most of the previously mentioned examples have to do with information and communication there obviously also is the physical world of pallets, boxes, goods, paper documents, the books you just ordered online, the list goes on. They want visibility and dashboards to be fast and timely as they know it’s key in today’s digital transformation economy and realize it won’t change anytime soon, well on the contrary. As the Digital Pulse Survey from Russell Reynolds Associates found, over a quarter of T&L companies still doesn’t have a digital strategy in place. Or as Gartner’s Peter Sondergaard said in the previously mentioned article on how digital business means big change for supply chains, “the focus is on how the supply chain can consume and leverage data, integrate sensors and other elements of the Internet of Things (IoT) and software for customer segmentation and marketing automation”. DIGITAL TRANSFORMATION. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Innovative uses of technologies in areas such as data analytics, the Internet of Things and, Various parties in the supply chain move at different speeds and changing expectations and evolutions in the digital transformation economy. They will make global chains faster, more resilient, clearly customer-oriented and at a … Data and analytics are key to speed up processes, offer visibility to partners and customers, digitize value chains and, in a context of digital transformation, come up with new business models. Impact on our automated advances to change all your business measures. Businesses don’t want data. Several evolutions, including mobility, enabled a shift in behavior which is further enhanced by the experiences customer are used to in other contexts than the interactions and transactions with your business. MARKET TRENDS & DRIVERS 4. It might sound obvious but the consequences for supply chains, logistics and the transportation industry are huge. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR. So it doesn’t come as a surprise that making sure it is not interrupted ranks high on the agenda. Most of them revolve around location, connection of devices (Internet of Things), big data analytics, cognitive computing and obviously the platforms where data are captured, processed and leveraged/accessed such as mobile platforms, information capture and processing platforms but also the networks and data environments such as the cloud. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.7% and 7.5% respectively over the 2020-2027 period. First, let’s briefly look at the importance of speed and timing in general as they are essential everywhere. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. According to Capgemini Consulting most organizations today still operate on hybrid supply chain models. This shouldn’t be that surprising and we’re pretty sure that if today the same research would be conducted (it dates from end 2013), the results would even be higher. The emerging Internet of Logistics (IoL) may change that. Digitisation is effecting radical changes in the transport & logistics sector. And we’re talking data from sensors (condition, place,…) as well as data and information in many other areas too here, including insights based upon data analytics or digitized information across the supply chain. Die digitale Transformation der Wertschöpfungskette. In an increasingly real-time economy speed and timing are key. Although mostly young startups stand for the digital transformation of logistics, more and more long-established forwarding companies, such as Hapag Lloyd and Kühne + Nagel, are investing in solutions that benefit from digitalization. According to a new study by Lux Research, the transportation and logistics industry requires digital transformation tools to expedite and personalize delivery, while reducing emissions. What is digital transformation? As the Allianz Risk Barometer 2016, which we covered previously, indicates, Industry 4.0 is not just seen as an opportunity but also as a challenge, especially from the security perspective. When used well, speed is a competitive advantage. These regional markets accounting for a combined market size of US$7.9 Billion in the year 2020 will reach a projected size of US$13.3 Billion by the close of the analysis period. „Mit den Digitalen Hubs sorgen wir dafür, dass in den deutschen Leitindustrien, zu denen die Logistik gehört, die digitale Transformation nicht nur gelingt, sondern sie gestaltet und vorangebracht wird“, sagt Rohleder. Stock quotes by finanzen.net. To logistics, what does digital transforma-tion look like? This is not just because of the end customer or various intermediaries, it’s also because of costs, regulatory requirements and increasing competition, to name a few. T&M Company Limited spends more than VND1 billion annually to operate an integrated digital transformation … Disclaimer | China, the world`s second largest economy, is forecast to … New business models, enabled by digital technologies and focusing on the creation of solutions and value-added services, on top of cost reduction, are driving digital transformations. There is still something called warehousing and stock management and supply chain management is far more complex than depicted here. As an example, on top of simply tracking your inventory, palettes, crates, shipments and fleet, information can be gathered regarding the state of any connected item, including vehicles, to take decisions in areas such as maintenance. However, it can be said that this change begins with … Services Segment to Record 7.8% CAGR In the global Services segment, USA, Canada, Japan, China and Europe will drive the 7.9% CAGR estimated for this segment. The logistics opportunities created are driving a market transformation from traditional logistics concepts to a new era of digital logistics. Logistics Digital Transformation. Hardware, one of the segments analyzed in the report, is projected to record a 10.3% CAGR and reach US$44.9 Billion by the end of the analysis period. Over the past two decades, as the Internet revolution swept the world, our day-to-day lives have become increasingly digital. Digital transformation in logistics use case. Digital transformation is the process of reshaping products, services, and entire business models by adopting digital technologies. You can build the profitability of your business activities with the coordinated modules. It’s also about culture and dealing with the essential challenges with regards to be fully digitally ready. After all, with each handling, shipping and any other treatment of goods come processes, information flows and interactions. Over a quarter of transportation and logistics companies have no digital strategy in place. This brings us to the transportation and logistics industry where information management, data, analytics, visibility and king customer all play a key role. This goes for all industries and in transportation and logistics, customer experience and engagement rank high in the top priorities as well. Dec 15, 2020 (Market Insight Reports) -- Selbyville, Delaware. We’ve tackled how speed often is a key differentiator in today’s ‘digital business‘ context before. For IoL to deliver fully on those promises will require collaborative participation from all supply chain stakeholders. Using new technology will alter your strategic, commercial and operational processes. Or how we move towards the edge in data analysis (edge computing and fog computing) in a context of the Internet of Things (IoT). Wir machen Sie fit für die digitale Supply Chain. Moreover, 80 percent report that the CEO does not recognize the potential for digital while in 80 percent of companies digital business implementation is also hindered by departments who are competing for the ownership of digital, not exactly what we like to see. There are several other evolutions and challenges, certainly when we look deeper into various aspects of the broad field that T&L is. The longer the waiting times for these parties, the longer it takes overall and the more time, resources, money and sometimes reputation can be wasted when a provider is too late and others need to wait. It’s clear that supply chains are crucial for all businesses and the global economy as such. SECTION 2: INTERNET OF THINGS AND CYBER-PHYSICAL SYSTEMS IN SCM. Digital transformation with the opportunities of tomorrow. The margins in transportation and logistics are under pressure. Just think, for instance, how in the context of a customer-adaptive enterprise the big data focus has moved towards fast data. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.7 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. Dabei winken große Potenziale durch effizientere Routenplanung und Auslieferung. The time to connect the dots and leverage hyper-connectivity, moving away from silos to data maturity and digital strategies which encompass the whole business is now. Or as Hugh Burgess, Global Head of Mid-Corporate and Head of Corporate Lines North America, AGCS, put it in the report: ” interconnectivity of risk is growing day-by-day, as technology, globalization and social change create a  complex web of relationships and interdependencies with “just-in–time” and “lean” manufacturing now standard practices.”. However, before looking at what the future holds (and what is already happening in several companies) it’s key to get the house in order. Paper is a huge challenge in the optimization of supply chains because it is simply too slow and, as Capgemini reminds, only available locally. For example, digital technology has helped Vico Logistics (Vietnam) Company Limited connect with customers and analyze data faster and more accurately. According to the Digital Supply Chain Transformation survey conducted by GT Nexus, 39% of logistics executives cite the absence of the required technology skills and expertise — on-site and throughout the supply chain — as the major barrier to business digitalization. As this physical movement became digital, logistics has shifted its role of functioning as a business support element to a core business strategy. Among the many drivers are obviously consumers, users, in other words people, who are expecting more and are increasingly mobile. At the edge of each supply chain sits an end customer just as, at the edge of each process sits a user, a logistics partner or any other stakeholder. It’s obvious that cybersecurity and security in general are key in supply chains and several technologies are being increasingly adopted to minimize risks and pro-actively turn Industry 4.0 challenges into opportunities. We also mentioned how real-time economyevolutions affect org… Elements of Digital Logistics Transformation. Feel free to skip this part and go to the topics you’re most interested in, using the table of contents above. Digital logistics recognizes the growing convergence of logistics operation and technology strategy. Aus diesen Gründen stellt die aktuelle Ausgabe das Thema „Chancen der digitalen Transformation“ in den Fokus. CEOs see mobile technologies for engaging with customers, cybersecurity tools and data analytics as the three most important areas in which to invest. If you look at the many digitization challenges, from paper-based proof of delivery (POD) documents to a lack of visibility, you know there is still a lot to do. Let’s not forget that the Internet of Things and its roots in RFID in more than one sense started in logistics, warehouses and the supply chain in general. Sercan Demir, Turan Paksoy, and Cigdem Gonul Kochan. The picture is clear. First things first: digital business transformation is happening in supply chains. We’ve tackled how speed often is a key differentiator in today’s ‘digital business‘ context before. There are ample examples of how the Internet of Things is revolutionizing the logistics and transportation space. Below are several challenges to tackle and evolutions affecting the T&L industry (on top of the previously mentioned customer expectations which are key in all industries). MARKET ANALYSISGEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Digital Transformation Spending in Logistics Market Share: (in %) by Company: 2019 & 2025 Market Analytics Table 13: United States Digital Transformation Spending in Logistics Market Estimates and Projections in US$ Million by Solution: 2020 to 2027 Table 14: United States Digital Transformation Spending in Logistics Market Share Breakdown by Solution: 2020 VS 2027 Table 15: Digital Transformation Spending in Logistics Market in US$ Million in the United States by Deployment: 2020-2027 Table 16: United States Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 CANADA Table 17: Canadian Digital Transformation Spending in Logistics Market Estimates and Forecasts in US$ Million by Solution: 2020 to 2027 Table 18: Digital Transformation Spending in Logistics Market in Canada: Percentage Share Breakdown of Sales by Solution for 2020 and 2027 Table 19: Digital Transformation Spending in Logistics Market Analysis in Canada in US$ Million by Deployment: 2020-2027 Table 20: Canadian Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 JAPAN Table 21: Japanese Market for Digital Transformation Spending in Logistics: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2020-2027 Table 22: Japanese Digital Transformation Spending in Logistics Market Share Analysis by Solution: 2020 VS 2027 Table 23: Japanese Medium & Long-Term Outlook for Digital Transformation Spending in Logistics Market in US$ Million by Deployment: 2020-2027 Table 24: Japanese Digital Transformation Spending in Logistics Market Percentage Share Distribution by Deployment: 2020 VS 2027 CHINA Table 25: Chinese Digital Transformation Spending in Logistics Market Growth Prospects in US$ Million by Solution for the Period 2020-2027 Table 26: Chinese Digital Transformation Spending in Logistics Market by Solution: Percentage Breakdown of Sales for 2020 and 2027 Table 27: Digital Transformation Spending in Logistics Market Estimates and Forecasts in China in US$ Million by Deployment: 2020-2027 Table 28: Digital Transformation Spending in Logistics Market in China: Percentage Share Analysis by Deployment for 2020 and 2027 EUROPE Market Facts & Figures European Digital Transformation Spending in Logistics Market: Competitor Market Share Scenario (in %) for 2019 & 2025 Market Analytics Table 29: European Digital Transformation Spending in Logistics Market Demand Scenario in US$ Million by Region/Country: 2018-2025 Table 30: European Digital Transformation Spending in Logistics Market Share Shift by Region/Country: 2020 VS 2027 Table 31: European Digital Transformation Spending in Logistics Market Estimates and Forecasts in US$ Million by Solution: 2020-2027 Table 32: European Digital Transformation Spending in Logistics Market Share Breakdown by Solution: 2020 VS 2027 Table 33: European Digital Transformation Spending in Logistics Market Assessment in US$ Million by Deployment: 2020-2027 Table 34: Digital Transformation Spending in Logistics Market in Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027 FRANCE Table 35: Digital Transformation Spending in Logistics Market in France by Solution: Estimates and Projections in US$ Million for the Period 2020-2027 Table 36: French Digital Transformation Spending in Logistics Market Share Analysis by Solution: 2020 VS 2027 Table 37: French Digital Transformation Spending in Logistics Market Estimates and Projections in US$ Million by Deployment: 2020-2027 Table 38: French Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 GERMANY Table 39: Digital Transformation Spending in Logistics Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Solution for the Period 2020-2027 Table 40: German Digital Transformation Spending in Logistics Market Share Breakdown by Solution: 2020 VS 2027 Table 41: German Digital Transformation Spending in Logistics Latent Demand Forecasts in US$ Million by Deployment: 2020-2027 Table 42: German Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 ITALY Table 43: Italian Digital Transformation Spending in Logistics Market Growth Prospects in US$ Million by Solution for the Period 2020-2027 Table 44: Italian Digital Transformation Spending in Logistics Market by Solution: Percentage Breakdown of Sales for 2020 and 2027 Table 45: Digital Transformation Spending in Logistics Market Estimates and Forecasts in Italy in US$ Million by Deployment: 2020-2027 Table 46: Digital Transformation Spending in Logistics Market in Italy: Percentage Share Analysis by Deployment for 2020 and 2027 UNITED KINGDOM Table 47: United Kingdom Market for Digital Transformation Spending in Logistics: Annual Sales Estimates and Projections in US$ Million by Solution for the Period 2020-2027 Table 48: United Kingdom Digital Transformation Spending in Logistics Market Share Analysis by Solution: 2020 VS 2027 Table 49: United Kingdom Medium & Long-Term Outlook for Digital Transformation Spending in Logistics Market in US$ Million by Deployment: 2020-2027 Table 50: United Kingdom Digital Transformation Spending in Logistics Market Percentage Share Distribution by Deployment: 2020 VS 2027 REST OF EUROPE Table 51: Rest of Europe Digital Transformation Spending in Logistics Market Estimates and Forecasts in US$ Million by Solution: 2020-2027 Table 52: Rest of Europe Digital Transformation Spending in Logistics Market Share Breakdown by Solution: 2020 VS 2027 Table 53: Rest of Europe Digital Transformation Spending in Logistics Market Assessment in US$ Million by Deployment: 2020-2027 Table 54: Digital Transformation Spending in Logistics Market in Rest of Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027 ASIA-PACIFIC Table 55: Digital Transformation Spending in Logistics Market in Asia-Pacific by Solution: Estimates and Projections in US$ Million for the Period 2020-2027 Table 56: Asia-Pacific Digital Transformation Spending in Logistics Market Share Analysis by Solution: 2020 VS 2027 Table 57: Asia-Pacific Digital Transformation Spending in Logistics Market Estimates and Projections in US$ Million by Deployment: 2020-2027 Table 58: Asia-Pacific Digital Transformation Spending in Logistics Historic Market Analysis in US$ Million by Deployment: 2020 VS 2027 REST OF WORLD Table 59: Rest of World Digital Transformation Spending in Logistics Market Estimates and Forecasts in US$ Million by Solution: 2020 to 2027 Table 60: Digital Transformation Spending in Logistics Market in Rest of World: Percentage Share Breakdown of Sales by Solution for 2020 and 2027 Table 61: Digital Transformation Spending in Logistics Market Analysis in Rest of World in US$ Million by Deployment: 2020-2027 Table 62: Rest of World Digital Transformation Spending in Logistics Market Share Breakdown by Deployment: 2020 VS 2027 IV. 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