With ongoing advancements in the logistics and fulfillment sector, new technologies are beginning to shape consumer expectations, while allowing businesses to stay competitive in saturated markets. The following 4 trends offer businesses the opportunity to optimize their supply chains and improve operational efficiencies.
Sustainability in Logistics
The World Economic Forum found that “86% of consumers are willing to pay more for sustainable products and services.” Consumers now believe that businesses have a responsibility to address sustainability issues and implement sustainable practices into their operations. Though this has proven to be a costly task, it will ultimately enhance your brand’s reputation.
Consumers are increasingly attracted to businesses that prioritize sustainability as it showcases a positive brand image, ultimately leading to a larger customer base.
Blockchain Technology
Blockchain technology is a type of distributed and public digital ledger that is used to record transactions across many platforms. This allows for supply chain visibility, transparency, and accountability throughout the entire supply chain. This also provides a robust layer of security by protecting sensitive information and critical documentation.
Blockchain is usually integrated into Warehouse Management Systems (WMS) and enables efficient inventory management with real-time insights and accurate visibility, optimizing stock levels and improving order fulfillment operations. In short, blockchain technology is here to integrate with your business for streamlined backend operations, crafting an overall efficient e-commerce business.
Automation Technology
Advanced automation through WMS increases efficiency and productivity while speeding up the order fulfillment process – reducing errors in the process. Automation has improved warehouse management by enabling efficient storage, retrieval of inventory, and accurate replenishment.
The scalability and flexibility of automation technologies allow you to adapt to endless amounts of demand volumes while maintaining smooth logistics during peak seasonal shifts.
Automation can cover every aspect of the e-commerce experience – from front-end customer emails, discounts, and promotional content, to back-end supply chain management, inventory monitoring, and real-time order tracking.
A.I and Data Analytics
A.I and data analytics are revolutionizing the way businesses go about their daily operations. These technologies are critical to determining accurate demand forecasting and optimizing inventory levels. Artificial intelligence is now able to optimize route planning, which helps reduce transportation costs and delivery times while increasing shipping efficiencies.
AI-powered chatbots and virtual assistants are essential for all online businesses as they enhance customer service by providing personalized support. With this type of service, you’ll be able to collect data analytics and offer insights into customer preferences for better support.
Access These Benefits Through a WMS
Simple Global’s WMS gives you full access into all your operations while being able to see real-time insights. This type of system is continuously updated with the latest innovations in technology to ensure your business is equipped with the most up-to-date systems.
Learn more about our process and WMS here.
