According to a third-party logistics study by Capgemini, ‘cutting transportation costs’ makes the top of the list as far as concerns for the logistics industry. Some other obvious pain-points make the list as well, but perhaps the most important and at times challenging concern is the need for greater innovations and technology advances while remaining budget-conscious.
Here is a snapshot into 8 of the top challenges facing the industry. The first is Fuel Costs. One of the highest costs contributing to the ‘cutting transportation cost’ concern is fuel prices. Secondly, Business Process Improvement. Notwithstanding the need for new technology, which we discuss in number eight on this list, it has become an increasing challenge for the logistics industry to stay on top of new advances in business processes. Thirdly, Improved Customer Service. Customers want full transparency into where their delivery is at all times. Moreover, Economy. With high fuel prices comes a greater credit crisis and rising inflationary demands that take a greater toll on the MALAYSIA economy. Driver Shortage & Retention and Environmental Issues. Hiring and retention remain an issue despite the lower demand mentioned above and about the environment issue the anti-idling and other emission reduction regulations brought about by state and local governments has created concern that the compliance costs could exceed benefits. Last but not least Technology Strategy & Implementation. While the industry understands and supports many of the benefits of these technologies, some questions remain as to how they will pay for it and who will help implement the improvements.
HERE’S WHAT WE’RE TRYING TO TELL YOU, WHAT IF WE CAN SETTLE ALL THE ISSUE ABOVE? IS WORTH A SHOT!!
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