Image of a person taking inventory of packages to denote challenges in transportation and logistics

What are the 7 biggest challenges in the logistics industry and how to overcome them?

What are the current global logistics issues? The current global issues in logistics revolve around the burden of skyrocketing fuel costs, laborious paperwork and a lack of transparency into their day-to-day activities. According to recent surveys conducted to identify the challenges in transportation and logistics, the following metrics were observed: Moreover, the survey conducted by Statista in 2020 reveals that challenges in last mile delivery and empty miles are becoming a common disruption in logistics and needs solutions in terms of reducing logistics costs (35%), making on-time deliveries (21%), and responding to last-minute changes (16%). However, these are just a few of the challenges in logistics and supply chain management. How technology helps to overcome the challenges in the logistics industry?  According to a survey conducted by Forbes, an overwhelming majority (65%) of business executives in the logistics, transportation and supply chain industries have observed tremendous changes in their industry’s processes. Moreover, the survey states, 50% of companies believe that technological advancements have a strong impact on the supply chain, logistics, and transportation operations. For instance,  This is a significant shift in terms of technology adoption and integration into the industry to counter the current global logistics issues in order to streamline operations for better productivity and cost reduction.  7 biggest logistics problems and solutions and how to overcome them? Why is Axlerate the best solution for challenges in logistics? Axlerate provides a unified digital logistics management platform with transportation management solutions to overcome challenges in transportation and logistics. Axlerate helps to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services. Let’s Wrap Up! The challenges in logistics and supply chain management results in high costs, fragmented operations and less productivity. The current global logistics issues revolve around toll transactions, multiple expenses, financial assistance, empty miles, product availability, real-time visibility and payments. However, these challenges in transportation and logistics can be overcome with technological solutions. Axlerate provides a unified fleet management platform for current global logistics issues by leveraging logistics and transportation technology backed by fintech solutions.