Five Freight Shipping Trends For 2022
Did you know that freight shipping accounts for $7 trillion in revenue? It's expected to grow steadily over the next few years.
It's important for business owners to keep up-to-date with the latest freight shipping trends.
This article will focus on five key trends that businesses should be aware of in 2022. Continue reading to find out more.
In 2022, Elevated Post-Purchase Customer Experience
E-commerce has seen a rise in popularity over the past few years. As e-commerce grows, so does the demand for shipping.
It is predicted that e-commerce will account for 22% of all retail sales by 2022.
This is due in large part to the ease with which end consumers shop online.
Companies must continue to meet customer expectations and provide a superior post-purchase experience to their customers.
Tracking information can be provided by companies to track all orders. Customers want to know exactly where their order is at any given time. They don't want customers to wait for customer service to respond to them.
Tracking information can help companies provide transparency to customers and give them peace of mind.
Another way to improve the customer experience after a purchase is to offer different shipping options. Customers should have the ability to choose from a variety of shipping options so they can find what best suits them.
Customers may choose a quicker shipping option if they are in urgent need of the product. If they're not in a rush, some customers may choose a less expensive shipping option.
Today, Sustainability is at the Top of the Logistics Industry
We are becoming more conscious of the environmental impacts of our actions and looking for sustainable ways to operate. This is true for the freight shipping industry as well. These are some of the ways that the shipping industry contributes to sustainability:
More electric vehicles on the road
Electric vehicles have been growing in popularity, both for consumers and businesses. We'll see more electric trucks, and trailers, as the battery technology improves.
This trend will reduce the emissions from shipping.
Increased use of alternative fuels
As fuel prices rise, alternative fuels such as natural gas and propane become more popular. These fuel options offer truckers cleaner-burning alternatives, which helps reduce emissions from the shipping sector.
More driverless vehicles
Slowly but surely, driverless vehicles are making their way onto our roads. There are still many obstacles to overcome but we expect to see more driverless trucks on the streets over the next few years.
Driverless cars could reduce accidents and increase efficiency in freight shipping.
Shippers are now more responsible for reducing their emissions
We will see more shippers take responsibility for the carbon emissions from their shipments as businesses become more aware of their environmental impact.
This could be done by investing in clean energy projects or offsetting carbon emissions.
Technology Improves Visibility and Efficiency
The shipping industry is dependent on innovative technology. New tools and applications are being developed that increase visibility and efficiency in the global supply chain.
This trend is expected to continue in the future to influence the logistics industry.
We'll see greener logistics in the trucking sector as businesses become more aware of their environmental impacts.
This is good news for the environment as well as for future shipping services.
Shipping automation that are trending in 2022
Blue Yonder recently found that 43% of retailers intend to increase their shipping automation use in 2022. These are the top shipping automation:
1) Dynamic routing
Dynamic routing allows you to automatically reroute your shipment based on weather conditions, traffic, and construction. This will help you save time and ensure that your cargo arrives at its destination in no time.
2) Tracking Shipment
This automation lets you track your shipment in real-time, so you can know where it is and when you will receive it. It gives you peace of mind and allows you to plan your logistics accordingly.
3) Inventory Management
Inventory management allows you to keep track of all your inventory so that you always have the products you need. This will help you save time and money by avoiding stockouts or overstocks.
4) Freight Optimization
Freight optimization is a great tool to help you select the best shipping option for your needs. This can help you save money on freight shipping and get your products to customers quicker.
5) Route Planning
Many companies use route planning to plan the best route for their shipments. This will save you time and money, and allow you to get your products quickly to their destination.
6) Data Management
You should have all the information associated with your shipments, such as tracking information, invoices, and manifests, in order to keep track of them and ensure everything is in order.
7) Customer Management
Customer relationships are crucial in the shipping industry. Customers love to be kept happy by keeping track of their orders, contact information, and shipping preferences.
Shipping automation is growing in popularity and will continue to rise in popularity over the coming years, as you can see.
Shipping automation is a great way to save time and money. This can help you save time, money, hassle, and effort in the long term.
Machine Learning is More Reliable
Supply chain management (SCM), is the organization of the movement of resources among different parts of a company.
SCM relies increasingly on machine learning (ML) in recent years.
These are five ways ML will continue to shape SCM in 2022, and beyond.
1) Reduce the need for manual data entry
Shipping is a process that requires manual data entry. It can be tedious and inaccurate, which is a problem. Machine learning is changing this.
Machine learning algorithms can observe and learn more from data than humans and automate many tasks that used to require human input.
ML reduces the need to manually enter shipping data and makes the process more efficient.
2) Improve Forecasting Accuracy
Forecasting freight shipping accuracy is a challenging task that humans have traditionally done.
Recent advances in machine learning are changing this. Machine learning algorithms can process large amounts of data faster than humans, and they can spot patterns that are hard to see.
This technology has significantly improved the accuracy of freight shipping predictions.
3) Optimizing Inventory Levels
Machine learning allows logistics companies to optimize inventory levels. ML analyzes data on past sales, production schedules, and market behavior to accurately predict demand and prevent stockouts.
Businesses can operate more efficiently and customers experience fewer disruptions.
4) Streamlining Transportation Planning
ML is being used more frequently by the shipping industry to improve transportation planning. Machine learning, which uses algorithms to analyze large data sets in order to predict demand and optimize routes accordingly, can be used by shippers to help them make better decisions.
In an industry that is highly dependent on efficiency and timeliness, streamlined transportation planning can be a major advantage.
5) Improve Customer Service
ML allows computers and machines to analyze data, find patterns, and make predictions. Machine learning is able to predict delays and disruptions in shipments by analyzing data from previous shipments.
This information can be used to notify customers and customer service representatives about potential problems and to offer solutions.
We can expect more innovative uses of ML technology as it evolves.
Manufacturers are restructuring their supply chains
In recent years, the trend of re-shoring (or bringing manufacturing or other logistic operations back to their home country) has gained momentum.
This could be due to a variety of reasons, including:
Shipment costs reduced
Shipping costs are being reduced as a result of the trend of re-shoring the supply chain.
There are many factors that drive the return to domestic manufacturing. These include the desire to lower offshore labor costs and production costs, increase quality control, and quick turnaround times.
This results in a lower carbon footprint and higher efficiency in shipping.
Companies can optimize their supply chain and ensure that every shipment is of the highest possible quality when they are re-shored.
Companies can increase the quality of their products by bringing manufacturing back to home.
Supply chains are vital to any business. It allows companies to transport their products and raw materials in a cost-effective and timely manner around the globe.
However, supply chains can be susceptible to disruptions. This is why smart businesses are re-shoring supply chains.
Businesses can bring the auto supply chain industry closer home to reduce disruptions due to geopolitical events, and ensure that their products move smoothly.
Due to many factors including increased security and shipping congestion, the time taken to ship goods overseas is getting longer.
This has made offshore manufacturing more inflexible and less able to respond to changes in demand. Companies can respond more quickly to market changes by bringing manufacturing back home.
Support Sustainability Initiatives
Shipping services can be made more sustainable by re-shoring their supply chains. Shippers can reduce their carbon footprint by working with local suppliers and making a positive impact on their local communities.
Re-shoring the supply chain can also help boost the economy by supporting local businesses and creating jobs. This is a win-win situation for all parties and something freight shippers should think about when looking for sustainable solutions.
Shipping industry trends are constantly changing and it can be difficult to keep up.
Understanding the trends in the industry will help you be more prepared for the future.
These five trends will have a major impact on freight shipping in 2022 and beyond. These trends will be important to keep you ahead of the pack when you plan your shipping strategy.
Have any questions? Move Car Auto Transport is committed to providing accurate information, and reliable, affordable, and stress-free auto shipping service.