Published Predictions Parallel Our Own Prophecies

The president of a well-known eponymous logistics software provider published an interesting opinion piece in Transport Topics this week called, “Eight Predictions for Our Industry”.  In his salient piece, he laid out what we consider to be some very pertinent scenarios for which companies like his and ours must be well prepared.  With a hat tip to Mr. McLeod, we offer our riffing on what he’s predicted and how having a best-of-breed TMS solution will be critical to addressing these likely occurrences.

In his op-ed here, Mr. McLeod suggests that ELD implementation will disrupt the trucking landscape as many smaller carriers who wait until the deadline to comply find the cost to do so too much to absorb.  With the potential for losing any percentage of the small carriers (whose ranks comprise an outsized percentage of overall truckload capacity) comes a further tightening of capacity which is already stretched thin.  Having a flexible TMS and strong spot bidding tools will make it easier for shippers to navigate an even more acute capacity crunch.

Next, he predicts the entrance of disruptors like Amazon and Google who are both considering making forays into the freight markets – as well as the potential for an Uber-style model of freight shipping – will have a significant impact on freight patterns.  While the effects of such developments are still unknown, it seems wise to anticipate this kind of seismic industry shift.  Part of being ready to accommodate these new environs includes having a logistics IT solution like a good TMS system in place that makes short work of carrier onboarding and optimization engines that will ease the disruption these players may wreak on the industry.

______________________________________________________________________________________________

The underlying theme to McLeod’s op-ed is simply stated.  Make sure you’ve got the latest and greatest logistics IT solutions in place as the pace of innovation and change in the logistics/supply chain industry continues to accelerate.  We couldn’t agree more Tom!

______________________________________________________________________________________________

Does your current TMS have sufficiently robust functionality for reporting on any type of metric?  If McLeod’s predictions regarding increased reporting requirements stemming from the Food Safety Modernization Act (which seem rather likely as that law is about to kick into full gear), you’d be best off ensuring your solution can easily accommodate new reporting requirements if you’re a food shipper.

The prediction about the increasing role played by Millennial generation workers in logistics and supply chain professions is a relevant one.  In every industry, Boomers are aging out of the workforce and these roles are being assumed by the first generation to grow up fully steeped in internet technology.  Those logistics solutions with the best, most modern user interfaces will be the ones most naturally favored by the Millennials who will intuitively avoid web-enabled, outdated applications.  Is your TMS system up to date?  It will be very important in the coming years to ensure it is up to spec with expectations of the Millennial logistics professional.

Mr. McLeod suggests that the best-managed trucking companies will thrive.  This is not a very bold prediction as it follows that those organizations with better management will outperform those with lesser abilities.  Again, premium technologies like UltraShipTMS and its industry leading contemporaries will be the key to unlocking prime management capabilities.

The underlying theme to McLeod’s op-ed is simply stated.  Make sure you’ve got the latest and greatest logistics IT solutions in place as the pace of innovation and change in the logistics/supply chain industry continues to accelerate.  We couldn’t agree more Tom!

Leave a Reply

Your email address will not be published. Required fields are marked *