Novel Growth Opportunities for SaaS e-Commerce Technologies in Logistics
Advancements in artificial intelligence, data analytics, and machine learning encourage growth opportunities
Rather than just merely tracking goods in transit, the logistics software management platform provides advanced data analytics solutions to identify key variances and to take actions before incurring costs to companies. Multiple product handling particularly when handling fast-moving consumer goods (FMCG) needs continuous improvement delivery and warehouse management. This leads to saving substantial costs, increasing clarity, and improving productivity to both sellers and logistics service providers. Software system enables centralization and increases the transparency of the value chain in the system. As the result, removing non-value adding activities, resources, and costs can be prevented. Recognizing and identifying key stakeholders and tracking workflow for order fulfilments. This includes streamlining warehouse operations, strategizing goods delivery, and replenishing the right stocks at the right time to match market demand.
Increasing demand for online goods has caused companies to be omnichannel. Online merchandising worth trillions of dollars with almost one billion users. Covid-19 just accelerated the demand in E-commerce businesses by broadening both the variety and quantity of purchases. This trend will set a new norm that can last for the next few years as consumers find online merchandising to be more convenient.
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