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/
Email: info@thehsmanager.co.uk
call: 03450 17 99 44

 

Related News

Supply Chain Sustainability in Warehousing and Manufacturing

Supply Chain Sustainability in Warehousing and Manufacturing

Supply chain sustainability refers to effectively managing the social, economic, and environmental factors within an organisation’s supply chain. A very important aspect of this sustainability initiative is recognising and acknowledging the link between a manufacturing company and the broader ecosystem they may be impacting – and then coming up with responsible business practices to make all aspects of the supply chain sustainable.

Automation in the Manufacturing sector

Automation in the Manufacturing sector

In a recent report released by The Manufacturers’ Organisation, half of the companies surveyed are upping their investment in automation technologies, especially AI and ML, with almost ¾ of companies now spending more openly on automation across multiple technologies and functions – from product design and development to manufacturing and warehousing operations.

health and safety checklist app

How to continuously improve your H&S practices in manufacturing and logistics

Organisations working in high-risk industries like manufacturing, warehousing, supply chain, and logistics, are well aware of the risks and potential hazards their workers face each day. Unfortunately, despite their best efforts, many businesses do not have the appropriate health and safety controls to minimise risk and hazards at the workplace.

safety inspection app

Why there needs to be an increased focus on H&S in manufacturing

According to an HSE report, around 54,000 workers are involved in non-fatal accidents in the manufacturing sector each year. Most of the injuries they suffer are a direct result of manual handling accidents, trips, slips, and falls, contact with moving machinery, and being struck by moving objects.

health and safety audit software

How technology & automation is changing logistics and supply chain management

It is estimated that the logistics industry will grow at a CAGR of 10-12%, reaching a value of $380 million by 2025. A large driver of this growth will be technology and automation – from robotics and the Internet of Things (IoT) to artificial intelligence (AI), better integration of the various ecosystems involved, digitisation of processes, and more.

Standardisation in data collection

Standardisation in data collection – How far has it come?

Supply chain inspections often prove to be a challenge, even for leading, well-established companies. However, standardisation has now become one of the chief methods of optimising the greater supply chain and ensuring that all managers, departments, and teams are on the same page.

Navigating the Future of Warehousing

If you think about, warehouses and everyone working within those walls, are the unsung heroes of supply chain and distribution. Without quality warehouses equipped with the latest technology, we would not be enjoying the super-fast at-home deliveries or products being available on shelves almost on a 24/7 basis.

Top