What’s Next for the Logistics Industry?
Last month, orders for big rigs hit a record high. The trucking companies are beefing up their fleets to meet the increasing freight demand. Now, with the unemployment rates at an all-time low and going lower, and the resulting increase in labor rates, finding qualified drivers has become tougher than it has ever been. That, coupled with the current weight and length regulations as well as the bottlenecks of our highway infrastructure, what can the trucking industry do to meet the new overwhelming demand? More truck orders just aren’t going to be enough in the future. This makes me wonder what disruptive technologies and processes will be born to cope with these problems. Let’s look at a couple other economic and political stresses have stimulated innovation in other areas of industry and life.
