The cargo
transport industry, both domestic as well as
international, has undergone a rapid change in the
past few years. The massive boom in the consumer
durable and non- durable industry that has increased
the pressure on the cargo movers is at the same time
creating multiple avenues for them. What is clearly
visible is a rapid paradigm shift.
With
ever- increasing demands for better, faster and safer
cargo movement, the local as well as global players
are being pressed to upgrade services and provide
innovative alternatives for efficient supply chain
management.
The cargo
transportation Industry today is not just about
transporting goods, but about providing complete
supply chain and logistics
solutions.
In an increasingly
pressured market, companies are now looking to
logistics providers to add value to their products. A
consumer electronics company, for example, sources
its electrical components from all over the world.
Rather than managing its supply chain, distribution
network, warehousing and storage facilities, as well
as being responsible for the "value-added"
services that happen en route, the company is much
more likely to farm out the whole operation to one or
several companies instead, which will be responsible
for providing or managing part or all of the supply
chain. It helps in reducing their lead times which
reduces their inventories and working capital.
The expansion from
traditional freight forwarding services into
third-party logistics is still a relatively young
concept but more and more companies are seeing the
benefits. As markets become more global , and
companies come under more pressure from shareholders,
the drive is to concentrate on core competencies, and
to outsource the distribution system. The logistics
provider will often work closely with the OEM and the
retailer to establish delivery details such as pallet
configurations , whether any specific labelling and
packaging is required, and to agree delivery times
and EDI links.
The software providers, analysts think, will play a
large part in developing the market. Foreseeing an
increase in competition from the IT sector, superior
software to manage information are expected.