Container shipping transports 95% of all manufactured goods around the world. It is the industry that underpins the global economy – the quantity of goods carried by containers has risen from around 102 million metric tons in 1980 to about 1.83 billion metric tons in 2017, which is now worth over $4 trillion of products.
Wondering what’s ahead in the Post and Parcel industry in the next few years? Autonomous Vehicles delivering packages… robots handling warehouse tasks… IoT making the operations smoother… data analytics for managing contingencies… It all may sound a bit futuristic, but companies are already pushing the limits by bringing these concepts closer to reality.
The rise of the eCommerce and the growing demand for returns are driving exponential growth in the Post and Parcel industry. Trying to secure a niche in the market while adapting to ever-changing consumer behavior may seem overwhelming. But companies have a potent toolkit at their disposal: namely, digital technologies. The way Post and Parcel companies use artificial intelligence, IoT, robots, and other innovations will determine their relevance in the future.
Major industry players already get it: the digital disruption is an opportunity, not a threat. Forecasts tend to agree: Accenture found that Post and Parcel organizations could on average create more than $US500 million in annual value if they incorporate advanced digital technologies.