Why digital standards matter in global trade
Headlines reporting supply chain disruption have been all too frequent in recent times. Port congestion, ...
Frustrated by the driver shortage problem? Facing high costs, or road congestion? Well, help is nearly here. By 2030, trucking logistics costs will have fallen by 47% and delivery lead time will be 50% less.
This is according to PwC’s 2018 Global Truck Study, which shows that digitisation and automation will have significant effects on the challenging market. Some 80% of savings will be related to a reduction in staff in transport and logistics. And, of course, in efficiencies gained by autonomous lorries. Trucks currently travel for only 29% of available time, owing to the need to drivers to have a break, and for idling time. But from 2030, lorries should be able to travel for 78% of the time, with algorithms reducing idling time and no drivers needed.
“A consistently digitised supply chain saves administrative overheads, replaces time-consuming inventory, and reduces insurance costs by cutting error rates. In total, savings of up to 41% are possible by 2030 compared to today’s supply chains,” noted the report. SupplyChain 24/7 reports.
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