Consider the transportation industry. Transportation is no longer a support function, it is a necessity. The past year saw the highest amount of vehicle sales in most developed nations. The United States had more than 17.5 million car sales in 2016. Consumer movement is catching up with logistics transportation in some places and outperforming them in other places.
Stuck in traffic? That’s a problem from everyone from a delivery associate to an operations manager or their very customers. Every person understands the unpredictable nature of traffic snarls. We have all been there, “I am late. Stuck in traffic!”. It has become the epidemic of new generation of which we can’t find any cure. But should you ask questions? Is traffic the only reason meetings, appointments, or estimated time of arrivals are delayed?
We now stand at the forefront of the optimization revolution. Never has sweeping transformational changes benefited multiple industries more than right now. GST holds up the promise of total realignment and restructuring of how logistics movement happens across the nation. There would some resistance from some companies, as many are set in the way they have been doing things over a period and are averse to any sudden change.
Every single person or process, which gets in touch with the logistics system, can be recorded as a data point. These data inputs can be turned into insights to better plan for future shipments. The latest updates from a delivery route can be streamlined into the next trip. This means that with each trip, the system would learn something new which can be incorporated for the future.
As a company, we have spread wings across the globe, but Southeast Asia is where I find the perfect summation and confluence of diverse cultural flows. There is great balance between tradition and innovation. In Manila for the Forbes 30 Under 30 summit, I can’t help but marvel the power of innovation in bridging cultural and generational gaps across the world.
Distribution is retail has taken a new life post the rise in consumer demand across developing markets. Territorial mapping and analytics has infused the waning sector with vigor and ambition. What seemed liked the peak, turned out to be the tip of the iceberg. With these transformations, retail distribution can finally automate its distribution in terms of planning, execution, and optimization.
Our expectations as a customer have increased exponentially thanks to the ever-evolving technology. For example, now we expect our couriers to be delivered to us at our convenient location and time in the most optimum condition. According to Business Insider, “APAC accounted for 40% of global e-commerce sales in Q1 2017”
Asian retail and e-commerce market has grown leaps and bound in the past year and there is good reason to celebrate. What was once thought to be a red tape wasteland of opportunities, is turning out to be quite the temptress for all major corporations in the world. How did this transformation happen? How did Asian market become the darling of industries such as retail, FMCG, e-commerce, manufacturing, etc.?
We seek guidance on a regular basis when our surroundings become overwhelming. What if you are not able to get this guidance at the right time? Would you let your business, your work, or your life suffer? No. You can leverage the learnings of the stalwarts of business and society and force your way forward!
One of the largest Consumer Packaged Goods (CPG) companies in the world increased the on-time deliveries by more than 60% while decreasing their resource cost by 18% and increasing their utilization by 30%. This increased the overall value (return on investment) of each resource to an amazing 58.5%. How did they do this?
