Consumer packaged goods (CPG) industry has been on a growth curve with a sustained CAGR of 10% possibly hitting $721.8 billion sales by 2020. Which side of this growth would your company stand on? One of the major driving factors for CPG, where bigger companies have their brands readily recognizable the world over, is being in the right place at the right time.
Internet of things (IoT) with the latest in machine-learning backed algorithms are the way logistics would be optimized to meet all customer demands and requirements, right from fast shipping, live tracking and notifications, and on-time delivery with optimized final mile movement.
According to the American Trucking Associations, freight tonnage hauled by trucks would increase by 27% (between 2016 and 2027). With global retail sales to touch $27 trillion by 2020, it just adds to the problems of high volume and restricted resources. Most of these companies would win or lose based on how they optimize their last mile deliveries.
How you perceive your logistics management solutions affect how you allocate and direct your last mile deliveries. Your last mile delivery management system has a purpose. It is a crucial factor in how you satisfy the market demand and that too, on-time.
Do you also take a lot of time before finalizing a logistics management solutions provider? Do you wish to check the credibility of their performance, before taking the final call? Finally, do you wish timely and safe product distribution with real time visibility at the least possible cost?
The life of an operations manager starts with the most tedious task of running behind the drivers to know their availability. But now managers can relax as DMS has an easy to use the feature for drivers to mark their online attendance. Not only this, but drivers can use this interface to accept or reject orders so that the manager has the track of deliveries done by a specific driver on a specific day or hour.
According to NOVONOUS, “Indian logistic industry presently is of whooping $300 billion” and “will grow at 1.5–2 times the GDP” suggests Empirical Evidence. The influx of startups like mushroom surfacing the e-commerce array has added to the accelerated growth.