The highly sensitive supply chain has been disrupted more times than one can count, yet the demand for high value freight transportation is at an all-time high. However, logistics providers must navigate an extremely complicated space marked by frequent fuel shortages, a massive surge in consumer demand (a good problem to have), and a raft of regulations.
These challenges have forced players in the supply chain industry to adapt and seek more efficient ways to get high value shipments into the hands of consumers. As we know it, the logistics industry is being extensively reshaped by new trends. Here are the latest trends in high-value freight transportation that will change the future of logistics.
Cloud Systems
Cloud systems may not be a new concept, but it has become extremely important in today’s highly complicated logistics industry. Logistics providers are adopting the cloud in droves because it empowers them with scalability and unprecedented growth. The biggest advantage of the cloud is that it grows with you and the fees required to use these intricate systems is a fraction of what it would cost to maintain an in-house infrastructure.
The best part is that integrating your systems with the cloud is relatively easy. Immediate benefits of cloud integration include improved security, efficient information storage, and better financial control. For logistic providers, these advantages are useful when they are overseeing their administrative duties because it becomes easier to control processes.
The Blockchain
Although the blockchain hasn’t penetrated the high value freight transportation sector yet, it has a huge potential to make breakthroughs. Although the blockchain is mostly known for ensuring the security of cryptocurrencies like Bitcoin, the same principles can be used to protect high value shipments. In the coming years, blockchain networks will become more mainstream and accessible for logistics providers.
For high value freight transportation, the blockchain can result in smarter inventory management, increased security, and improved reliability. Data management, especially as it relates to financial teams and fleet managers, becomes especially important. This can prevent fraud and error because the entire system is digitized.
Regulatory Compliance
Although regulatory compliance isn’t really a trend, it is essential to high value freight transportation. Businesses that fail to follow government regulations, especially across state lines and boundaries, will be faced with severe consequences. This is why logistics providers like BEAM Logistics place so much emphasis on ensuring that they follow every security regulation to stay on the right side of the law and protect their customs.
Regulatory compliance can be complex, especially because you must stay on top of the constantly changing laws. As the logistics sector becomes more globalized, logistics providers will have to invest the resources to stay informed about individual countries’ laws and regulatory practices.
Wrapping Up
When it comes to high value freight transportation, some things change, and some things stay the same. Two key trends to watch out for are blockchain and cloud systems. At BEAM Logistics, our staff regularly invests in technology and security certifications to maximize the supply chain effect. For more information on our high value freight transportation services, visit our website here.