20 Most Promising Logistics Tech Solution Providers - 2019

The global logistics tech market is expected to reach USD 12,256 billion by 2022, registering a Compound Annual Growth Rate of 3.48 percent. This age old industry has heavily relied on manual intervention for numerous tasks such as managing inventories, transport, handling materials and efficient operation of warehouses. Factors driving the growth of this market includes the increase in global trade activities of the developing economies, increase in trade related agreements and global logistics infrastructure. However, the lack of timely coordination between numerous stakeholders leads to the gap in communication and delivery of goods. Therefore, this gap is bridged with the advancement of information technology in the transportation sector. With the rapid advancement in technology such as Artificial Intelligence, automation and GPS, the global logistics industry is undergoing a major shift and has seen a smooth and streamlined way of operating. These technologies also contribute to a rise in big data and analytics in the logistics field.

Moreover, logistics technologies such as robotic warehouse systems make automation a reality, while drones improve last-mile delivery capabilities and better tracking with tools like RFID tags improve visibility throughout the supply chain, making it easier for companies to efficiently manage the movement and storage of goods.

By the looks of it, we understand organizations are on a constant lookout for Logistics Tech solution providers who can keep them in pace with the changing norms. CIOReviewIndia presents a list of “20 Most Promising Logistics Tech Solution Providers - 2019”. Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXO, analysts and CIOReviewIndia editorial board, we believe these solution vendors will help in transforming business processes through their significant offerings.

We present to you CIOTechOutlook 20 Most Promising Logistics Tech Solution Providers - 2019.