In Australia, the logistics and supply chain industry is constantly advancing to fit the needs of a growing consumer base. Staying up-to-date with new and emerging industry trends will show you how to best utilise which supplies and when. You’ll also learn how to provide the best service possible while still generating healthy profits.
It’s becoming hard to imagine a part of our lives that hasn’t been integrated with technology. Entire corporations would be lost without embracing technology in their day-to-day operations.
Technological advancements continue to set a new standard for customer service and manufacturing, which means logistics and supply chain providers must constantly adapt to remain competitive. z
Here are six new and still emerging innovations that are becoming more prominent in logistics management and supply chains:
The digital space is constantly improving efficiencies, security, and quality. This constant growth in technology also makes it important to continue developing competencies and experience within your team so that you can leverage these advancements.
As technology advances, privacy has never been more important. The huge variety of potential applications exposes the supply chain to web fragmentation and cyber-attacks. This forces managers to constantly look for solutions in web security, privacy protection and cryptography, further improving risk management systems and processes.
Confidentiality is also important when attempting to forge business relationships and in tracking and managing the route of moving orders. Luckily, as technologies improve, advancements in security are not far behind, with solutions like increased data protection and third-party risk assessments. This kind of interconnectedness encourages advanced security monitoring by both parties, without compromising the speed and accuracy of business practices.
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According to the World Bank, over half of the global population lives in cities. This is only expected to grow, doubling the current urban population by 2050. The growth of urbanisation and the enormous global shift toward megacities brings incredible challenges to logistics management and the supply chain industry.
As cities grow, consumers want the convenience of online shopping over the bustle of retail. Since COVID-19, eight out of 10 Australian households now shop online. Not only are more Australians shopping online, they are shopping online more frequently – one in seven Australian households make weekly online purchases.
The shift towards a more digital consumer will encourage the industry to enable multimodal urban deliveries from fast trains to locker-boxes and other innovative distribution points. It’s important to find solutions to manage congestion and distribution – better known as the last mile or the final leg of the product life-cycle.
With environmental pressure mounting on the entire industry, investing in sustainable practices within a sustainable business model is increasingly important. Trends such as ‘innovating to zero’ and the ‘circular economy’ are becoming more popular within the industry and among all types of consumers. Staying on top of sustainability demands allows your business to remain relevant and can positively impact the business’s future success.
Based on these trends, the job market remains positive. The industry trend is showing a lean towards specialists over generalists. However, some high-paying, entry-level positions like delivery drivers and warehouse labour continue to be in demand in the industry.
These key supply chain positions have scope for advancement as these trends grow:
Growth! These trends bring more opportunities for growth within the industry. Now is the perfect time to upskill your qualifications and take the next step towards a rewarding and challenging career in supply chain management.
With an ever-growing market, logistics managers are becoming more important as they ensure consumers worldwide receive what they want, when and how they want it. An online Diploma of Logistics (TL150221) will refine your existing knowledge and give you the real, working skills you need to advance your career and step into an exciting logistics role.
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