With the rapid technology advancements in this decade, many market players in Singapore are working towards constant technology innovation in their companies. Everyone is afraid that their technology and business processes become obsolete and replaced by a competitor with superior technology. Technology, in these days, is able to disrupt a whole industry. Take for example, Uber, a private taxi hailing app. With its superior technology, it is able to disrupt the taxi industry around the world. Things has gone so far that some governments stepped in to banned Uber in order to protect their own domestic taxi industry.
So, how will technology be able to affect the logistics industry and what is the outlook of it in the coming 30 years?
Firstly, we have to understand that all couriers and deliverymen depend heavily on their mode of transportation such as their cars and bikes currently to help them carry out their delivery. In the event technology is able to make their existing vehicles faster or create another vehicle that can enable the couriers to fulfill their deliveries faster, market players in the logistics industry have to switch to the new technology in order to make sure their delivery duration do not lag behind the others. Is it possible in the coming 30 years? Well, it may be highly possible that people will be able to create a faster car or bike so courier companies have to adjust to this new speed and demands of customers. There may even have flying cars soon. If you are slow, you will be eliminated.
Secondly, is there possibility of the couriers and deliverymen being replaced by technology’s works such as robots? Well, this may be possible too. Some huge companies in the world such as Amazon and Ebay are experimenting with drones and mobile robot vehicles to carry out the deliveries. If the projects are successful, there will be a huge loss of jobs as they will be replaced by these drones and robots which may be able to fulfill the deliveries faster, more accurately, and at a cheaper price.
Thirdly, will there be constant demand for it? Of course, logistics industry will stay forever. Most businesses will choose to outsource their logistics operations to a logistics company. It is not wise to carry out all operations in-house unless your company is really very big and is able to achieve scale of economy in all operations.
Make sure to get a respected and reputable courier firm in Singapore like PCA Masters to help you carry out your logistics needs and requirements. You can find PCA Masters at their address #06-76 Midview City, 22 Sin Ming Dr, Singapore 573969 or do what most people do and call their phone at 6681 5781. Hope that helps you out.