Renewing and creating new value for the logistics enterprise
Uncertainty is certain. So are increased complexity, competition and compliance. Third-party logistics (3PL), port-based logistics, and specialized services are on the rise. With the new normal forcing logistics service providers (LSPs) to focus on their business models, today's imperatives are filling service gaps, cutting carbons, and organic growth.
Future success, however, begins with strategies and services that resonate with the needs and demands of global enterprises. Keeping businesses in motion will require mastering the verticals you serve, becoming the customer's brand custodian, and sharing risk – while collaborating efficiently with 3PL players to maximize possibilities on the move.
Challenges and opportunities
Slow economic recovery and rising costs: Agreed, the worst of the economic slowdown is over, but companies are still grappling with reduced demand and ever-increasing fuel prices. Many carriers sold their equipment during the slowdown. When the economy gets healthy and stays there, capacity could be an issue – is there enough fleet strength to hit the roads?
Emerging markets: With 80 percent of the world's population – and rising – in emerging economies, a truckload of potential awaits by expanding to new geographies. But for overcoming infrastructure issues and network roadblocks to get huge volumes of cargo to the right place at the right time, enterprises need re-engineering of business processes and technology platforms.
A hyper-competitive landscape: When the margin for error is narrow and customer loyalties shift unexpectedly, understanding the competition inside out can help you stay ahead. It's much easier to compete to win, when you play to your strengths and your competitors' weaknesses. A strategic market plan, augmented by business intelligence and mobility systems and solutions can aid boardroom decisions and frontline operations.
How Infosys delivers business value
We blend our expertise in consulting, technology, and sourcing to help our clients solve complex business challenges and unlock their value levers by creating outcomes in three key areas – business transformation, accelerating innovation, and efficient operations.
Learn more about logistics offerings from Infosys