Logistics 4.0, the new era of tech-driven logistics, is here, thanks to a multitude of digital developments sweeping across the industry. Under the spell of digital transformation, logistics tech companies in Latin America are embracing and leveraging these latest technological advancements to help businesses simplify workflows, accelerate deliveries, and unlock increased efficiencies.
A research report by Statista reveals that the logistics market in Latin America, evaluated at approximately $540 billion in 2019, is expected to grow at a CAGR of 6.2 percent between 2020 to 2027 and reach around $785 billion in the latter year.
What fuels this growth is the latest wave of digital technologies fundamentally changing the logistics industry for the better. For instance, new cloud-based systems and integrations allow logistics businesses to streamline workflows and store and transfer data in a secure and quick manner.
Autonomous trucks are entering the logistics landscape. These computerized, self-driven vehicles speed up product deliveries and enable drivers to focus on higher-order tasks. Logistics companies are also using real-time analytics and tracking solutions to provide customers with accurate insights into where their products are in the supply chain. Additionally, AI and machine learning technologies help logistics businesses evaluate productivity, shipment speed, customer satisfaction, and other important variables quickly and accurately.
This edition of Logistics Tech Outlook highlights the key developments in the space and how companies are capitalizing on them to deliver robust logistics tech solutions. We have curated thought leadership articles from industry experts, including Vice President, UPS Advanced Technology Group and Director IT/OT Resiliency & Support, Stanley Black & Decker. We also took a deep dive into the market trends to narrow down the list of companies delivering robust logistics technology solutions. Equipped with innovative technological capabilities, these enlisted companies, including Liftit, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Logistics Tech Outlook on logistics tech Latin America will help you build the partnership you and your organization need to foster an environment driven by efficient technology.
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