In an age of unparalleled speed of change, the transport and logistics (T&L) sector is facing rapid and widescale business digitisation and the introduction of increasingly collaborative operating models. Consumer and business customer expectations are rising, with demand for faster and better service at ever lower costs being the norm.
Technology is driving competition as new entrants come into the market with new ways to compete or collaborate, and former customers evolve into competitors. The ability to scale up systems and skills to effectively manage and analyse data and convert this into intelligent action is believed, by many industry experts, to be the biggest challenge faced by T&L. Adoption of New Technologies enabling task automation to a level not previously believed possible, is driving down cost and improving service levels. The Physical Internet, Blockchain, Robotics and Automation are all of part of today’s T&L landscape, and businesses operating in this space need to embrace this if they are to prosper.
New technologies offer the potential for increased levels of standardisation and collaboration, and, have the potential to improve efficiencies and provide cost reductions. Whether through the Physical Internet or asset sharing, skills in Developing Collaborative Relationships are of critical importance in the T&L sector.
Successful managers in the sector, will be those able to lead through rapid change and times of uncertainty, build their organisation’s ‘digital fitness’, drive cost efficiency, asset productivity, levels of innovation and develop effective collaborations. Organisations that do not have managers capable of succeeding in these areas, run the risk of becoming obsolete.
If you or your business operate within the transport and logistics sector, you recognise the points set out above and would like to find out how UCQ can help improve your performance, contact us today.