The Parcel Technology trends of 2021 are going to be amazing.
In the next five years, you will see a significant increase in cloud technology. Business intelligence will show an improvement in parcel shipping from better data analysis and more intelligent algorithms.
- Reverse logistics will be on everyone’s mind as companies have realized that it can lead to higher profit margins.
- Omni-channel solutions will become even more popular among businesses because they allow greater customer-to-business interaction and improved services.
- Finally, you’ll see a lot of people using drones for last-mile delivery services by 2021.
Shippers Will Expand Their Usage in Cloud Technology
Cloud technology refers to computing services over a network, which usually implies accessing software and other data from a remote location. Cloud technology is an economical solution for smaller businesses to implement without buying their hardware or servers.
Benefits of cloud technology include:
- Economical solution for smaller businesses to avoid high initial costs of purchasing hardware servers.
- Accessing software and data from any location with an internet connection, regardless if it is a personal computer or smartphone device.
- Cloud technology is a reliable and secure solution for business data.
Using cloud technology will make it possible to monitor shipments in real-time, whether they are moving through the supply chain or sitting on a truck.
With this, shippers can keep track of shipment data and optimize their resources more effectively.
Business Intelligence Will Improve Parcel Shipping
Business intelligence is a concept using data and analytics to understand business performance. It was initially used in the context of corporate finance, reporting, and budgeting processes but has since evolved into a broader set of capabilities involving reporting and analysis across functional groups within an organization and understanding customer behavior for marketing purposes.
Business intelligence in Parcel Technology will help shippers make better decisions by connecting data, people, and systems. In addition, shoppers will have a better user experience because of instant feedback to their mobile devices.
Reverse Logistics Will Be in the Limelight
Reverse logistics is managing returns, defective products, and over-production for remanufacturing purposes after the initial supply chain management processes. In simple words, reverse logistics refers to any activity which enables an organization to reclaim value from its product at the end of its useful life through activities such as recycling, remarketing, and reuse. It requires integrating backward into production planning.
Omni-channel Solutions Will Lead
An omni-channel approach to logistics is a strategy that enables organizations to offer an integrated shopping experience across all channels – web, mobile, store, and social media – by sharing consistent information about inventory status at every touchpoint in real-time. Retailers have adopted omni-channel strategies because it can help them win market share from competitors even when smaller retailers cannot compete on price or selection alone anymore. It also helps increase transaction value per customer while building brand loyalty through personalized interactions with customers wherever they shop online or offline.
Shipping by Drones
Drones for delivery could be one of the future trends in logistics. Though the technology is still developing and testing, it could change how you receive many items ordered online by providing speedier methods for delivery. And this can be possible no matter what type of weather conditions may occur during deliveries.
While forecasts suggest there will be over 400 billion parcels delivered worldwide by 2021, industry experts say these five key Parcel Technology trends will continue to transform the parcel shipping market as well. You’ll see more automation, greater use of cloud technology, better business intelligence tools which help reduce costs and risks throughout supply chains, leading to highly efficient distribution. It’s an exciting time ahead.