Despite slower than expected growth in almost all areas of the world economy, there has been an increase in the demand for supply chain technology. The COVID-19 Pandemic has been a driving force for change in the global warehousing, material handling and logistics industries.
Logistics Technology provider Project44 have seen a 139% increase in demand for the first half of 2020. This was driven by demand from the Middle East, North America, Europe and Asia. The Pandemic highlighted gaping holes in supply chain visualization, with many companies not knowing where their products were located as shipments piled up in ports and logistics hubs across the world. Project44 software addresses this need by giving visualization of the supply chain through tracking of trucks, containers and ETA’s based on current conditions.
Flock Freight, from San Francisco, has also seen an uptick in demand. Their software platform works as a consolidator, identifying less than truck load (LTL) shipments, and “carpools” them to create a full truck load (FTL).
Surveys have shown that across all industries, as the Pandemic disruption continues up to 70% of businesses plan to increase spending and investment in digital services as part of their business continuity planning.