In recent years, despite the rapid growth of China’s traditional logistics industry, there are still some problems that have not been solved, such as low efficiency, information leakage, frequent packet loss and the long-term logistics chain, resulting in insufficient utilization of resources. At the same time, the gradual disappearance of the demographic dividend has also made this traditional industry, which is highly dependent on manpower, facing severe challenges.
The logistics industry can be said to be a national economic support industry. From 2009 to 2017, the proportion of China’s total social logistics expenditure in GDP fell from 18.1% to 14.6%, but there is still a big gap compared with 10% in developed countries. Improving logistics efficiency and reducing logistics costs have become the goals that governments, logistics companies and their customers strive to achieve.
In addition, the logistics chain typically spans many steps and hundreds of geographic locations. This will make it increasingly difficult to track events throughout the chain. Due to the lack of transparency, illegal activities along the route have become very difficult.
“In the face of new markets, new challenges, ‘the world’s largest logistics market’ will rely on the effective application of advanced technologies such as blockchain, big data, artificial intelligence, etc., to greatly empower the logistics industry and provide new logistics scenarios, which is also The general trend of transformation and upgrading of the logistics industry,” said the head of the OPT team.
When the tuyere is really coming, what should we do?
Read more here:
http://www.news9.com/story/39662129/the-logistics-industry-embraces-new-technologies-an-open-blockchain-journey
