Logistics Trends for 2024

As we eagerly look to a bright and productive year ahead, the UK’s logistics sector is at a bit of crossroads, so to speak, poised for disruption amid a backdrop of regulatory shifts, technological evolution, and global economic dynamics.

What are Trends in Logistics for 2024?

The previous year in logistics was a year filled with change and challenges. It will certainly be very interesting to see how the resilient sector adapts to the current calendar year:

Sustainability a very high priority.

Sustainability continues to drive the mission objectives of nearly all logistics businesses, especially since the nation is committed to achieving “net-zero” status by 2050. This means that logistics businesses are now under more pressure to implement greener, more sustainable practices into their supply chains.

This year, therefore, we can expect to see most businesses focusing their efforts on decarbonisation.

Tighter regulatory framework.

More changes are set to occur in the first quarter of 2024 as Brexit comes closer to being finalised, so this would inevitably mean stiffer importing measures, more paperwork and, well, more paperwork!

As a result, some disruption and delays are to be expected in the movement of certain goods. Luckily, operators have been given an ample window to make the appropriate adjustments, so, this year and the next will revolve around the implementation of and adherence to the latest regulatory changes within logistics.

DEFRA (Department for Environment, Food and Rural Affairs) has also urged logistics operators to adapt a more digital and automated way of working, with the new mandatory digital Waste Tracking initiative being officially implemented by 2025.

Plus, Net-Zero 2050 is approaching and this has forced logistics operators to reduce emissions. We can definitely expect to see more emissions-related regulations being introduced throughout 2024.

Greater shift toward e-commerce.

The increasing shift toward e-commerce, fueled by changing consumer buying patterns and behaviours, will also continue shaping the logistics industry.

Consumers today expect uber-fast deliveries with convenience at the forefront, so companies need to invest in the right technologies to support such demands.

This means that collaboration between logistics operators and software platforms will be essential to meet the ongoing demands of online shoppers. Greater visibility into delivery channels, broader use of dedicated customer portals and more streamlined communications can all set up businesses to effectively facilitate the growing needs of their customers.

Increased adoption of AI in logistics.

According to an International Trade Administration report, the UK’s AI market is valued at more than $21b at present. By 2035, it is expected to contribute 1 trillion to the country’s economy.

Furthermore, the UK government reports that 1 in 6 UK businesses – approximately 432,000 – have already integrated AI into their operations, which clearly highlights its importance.

With larger logistics providers leading the way – 68% of large businesses, 33% of mid-sized businesses, and 15% of small businesses have integrated at least one kind of AI technology into their operations.

With these trends in mind, HS Manager is a software-based platform which is not only designed to improve accuracy in logistical and warehousing operations but also help you save time, cut costs, and identify areas of improvement.

For more information https://www.thehsmanager.co.uk/  / https://www.thehsmanager.co.uk/free-trial/
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