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Germany,United States : From product to service-based: New business models like Uber for trucks transform freight industry.

Digitalization in the logistics industry has an impact on every link in the value chain, from the shipper to the broker, to the freight forwarder and warehouse. The advancing digitization in the value chain of freight forwarding improves the efficiency and the flow of goods at every point of transport. Many of the big brokers use more and more digital solutions to expand their offerings. Digital brokers offer additional services to lure freight companies and freight forwarders. Algorithms that streamline the process and deliver the savings to the forwarder offer the automated freight brokers the opportunity to significantly reduce their commission (by 5 to 10 percent) compared to traditional brokers (15-20 percent).

The forthcoming Frost & Sullivan industry event "Intelligent Mobility", which will be held at the Jumeirah Carlton Hotel in London on June 29, 2017, will feature a panel discussion entitled "The Future of Freight", which will deal with both opportunities and challenges Industry. "New business models such as digital freight forwarding, or concepts for delivery on the 'last mile', such as small carriers or drones, combined with real-time data, sensor technology, 3D printing and autonomous vehicle technology, will revolutionize the logistics industry." Domke, who will moderate the discussion. "The market for digital freight forwarders alone will generate revenue opportunities for the companies participating in this ecosystem.

The market for trucked trucks represents a 300 billion US dollar opportunity. Most of the start-ups in the industry are located in the USA, India and Europe and compete with each other for digital freight distribution. These include companies such as Transfix, Freightos, Flexport, Loadsmart or Timocom.

The freight forwarder can be automated with the aid of digital technologies and thus creates transparency between freight forwarders and hauliers and serves ad-hoc as well as scheduled freight requests at low broker rates. Big data and other applications such as traffic forecasts, sensors and terrain as well as weather conditions, mapping, ITS (intelligent transport systems) through mobile integration or social media will speed decision-making processes and become more proactive than reactive.

In addition to the focus on the freight industry, the Frost & Sullivan Industrial Event provides an outlook on the future of the mobility sector presented by leading OEMs and Tier 1 suppliers, well-known industry representatives, public decision-makers and disruptors of companies , Such as Jaguar Land Rover, the Renault-Nissan Alliance, MAN Trucks, Financial Times, Mahindra & Mahindra, Transport for London, the Center for Connected and Autonomous Vehicles, just to name a few.

In addition to the topic of the future of logistics, further industry experts will be present at the Intelligent Mobility Conference on the topics of mobility trends of the future, health, wellness and well-being as well as networked and autonomous vehicles. Furthermore, carefully selected auto-tech startups and their remarkable business models are presented, which highlight the extent of disruption in the industry. The conference will also include a debate in the London Parliament as well as the Frost & Sullivan Intelligent Mobility Awards Banquet, a gala dinner in the evening.

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Publication:Mena Report
Date:May 31, 2017
Words:508
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