10 Most Promising Logistics & Supply Chain Technology Solution Providers - 2023

Technology Deciding on the Rate of Flow of Goods, Services & Information

Logistics industry in recent times have witnessed a massive advancement in the areas like artificial and augmented intelligence, advanced analytics and automation, to name a few. And, these increasing technology innovations are making big waves across industries, where logistics and supply chain are the most impacted sectors. Logistic management is nothing but a part of supply chain management which combines the flow of goods, services, information right from raw materials to its final consumers. In today's context the logistics industry seems to be the most to gain segment with implementing new technologies because of its heavy use of manual processes and large amounts of data stored in different ways in different places.

Technology Harnessing Automation in Logistics

Digital technology adoption has been accelerating since post pandemic, and its continuing to influence everything from e-Commerce to the global supply chain with growing consumer demands for real-time communication, technology, and delivery speed. And organizations are now adopting advanced technologies to transform their supply chain from a pure operations hub into the epicenter of business innovation by harnessing a combination of technologies like AI, machine learning, and predictive analytics. Through these technologies companies are consistently automating warehouse operations, improving delivery time, proactively managing inventory, optimizing strategic sourcing relationships, and creating new customer experiences that increase satisfaction throughout the end consumers and boost sales.

Market Endeavour

With consumers expecting fast and free delivery of goods at competitive price the growth of e-Commerce is also touching the clouds and influencing the global logistics and supply chain market. The size of the worldwide supply chain management market, estimated at $18,446 million in 2021, is projected to rise from 2022 to 2030 at a CAGR of 10.9 percent. The rise in demand and greater understanding of the advantages of SCM solutions can be linked to the increase of the Supply Chain Management industry.

Understanding the need of the hour and studying key progressions and developments in Internet of Things Solutions sector, team CIOTechOutlook magazine has come up with a list of `10 Most Promising Logistics & Supply Chain Technology Solution Providers - 2023' who have proved their proficiency in the sector with a deep knowledge in technology and expertise. The following list is prepared being closely scrutinized by a panel of judges consisting of CEOs, CIOs, CXO, analysts, and our editorial board. We believe that these solution providers will help in transforming business processes through their significant expertise and knowledge.

We present to you CIOTechOutlook 10 Most Promising Logistics & Supply Chain Technology Solution Providers - 2023.