Effects of Big Data in Logistics
Effects of Big Data in Logistics Big data is revolutionizing many fields of business, and logistics industry is one of them. The complex and dynamic nature of logistics, along with the reliance on many moving parts that can create bottlenecks at any point in the supply chain, this makes logistics a perfect case for big data. In logistics industry big data can be used to optimize routing, streamline factory functions, and to give transparency to the entire supply chain, for the benefit of both logistics and shipping companies. Third party logistics companies and shipping companies both agree that improved data-driven decision making is much needed to the future success of supply chain activities and processes. The global logistics industry involves an series of recipients like shippers (manufacturers, retailers, distributors) who make/sell the products that need to be stored or moved; logistics service providers (third-party logistics providers (3PLs), 4PLs, freight forwarders,