The smartphones have been a mediator connecting consumers with their needs by providing services from local groceries, taxi, and logistics, etc through the apps. So, smartphones have brought demands of consumers closer at their doorstep with just one just one tap on the screen. Be it ordering food, bouquets, cab or trucks for delivery of goods. The logistics services are connecting different geographic areas supplying goods from one place to the next.According to Associated Chambers of Commerce (ASSOCHAM), the global logistics market at present is estimated to be around $3.5 trillion. In the North American region, USA and Canada furnish logistics market. The USA only enjoyed the revenue of $1.48 trillion from transportation and logistics industry in 2015 due to excellent technological infrastructure and B2C sales, based on selectgov.usa reports. It comprises 8% annual gross domestic product(GDP). With the constant implementation of technological advancements in logistical businesses like GPS, blockchain, automated trucks the on-demand logistics business is rushing to cover every mile of triumph.Due to a pool of profits incurring in the logistics industry and the human tendency to reap max profits, the On-demand logistics has deepened its roots in the marketplace. For example, On-demand logistics jumbos like Dispatch and On-fleet have received funding of around $2 million and $3.9 million respectively have inspired many other budding entrepreneurs to join the on-demand logistics paradigm. While the logistics industry is molding in accordance with varied fluctuations and shifts in the market. These changes are broadcasting certain trends which will certainly offer you the best opportunities which will further trigger to invest in your on-demand logistics venture dream.
Logistics trends taking place in 2018 are:
- Smartphone penetration:
- Elastic logistics:
- Perfect Orders: