A report from Lux Research suggests that the transportation and logistics industries are crying out for digital transformation.
In its latest report, “The Digital Transformation of Transportation and Logistics,” Lux Research said the transportation and logistics (T&L) industry has observed steady growth for more than 10 years and now represents an over $300 billion industry.
But for it to grow further the industry has three major challenges – agility, sustainability, and visibility – and companies operating in the industry are hoping to address those challenges through digital transformation.
Lux Research Analyst and lead author of the report Harshit Sharma said that trade globalisation, digital consumers, and low oil prices have all driven growth in the T&L industry while imposing new challenges.
