How And Why Should Businesses Democratize The Last Mile?

GM of Trelleborg and an Engineering and Supply Chain Industry veteran with 20+ years experience managing businesses. (Views are solely mine) getty Believe it or not, final or last-mile delivery is reported as accounting for 41% of all supply chain costs . According to Statista, "in 2021, retail e-commerce sales amounted to approximately $5.2 trillion worldwide. This figure is forecast to grow by 56% over the next years, reaching about 8.1 trillion dollars by 2026." Knowing this, it is not surprising that the last-mile delivery is a key focus for many businesses across the globe, with the consumer attributes of speed, timeliness and accuracy of deliveries being crucial elements. Last-mile is an area where even large players can struggle to serve efficiently, leaving plenty of opportunities for others to gain market share. The pandemic, supply chain constraints and high consumer expectations have jointly created the need to look at the last mile differently and create effective systems that can avoid delays and bottlenecks. If business leaders are to stay competitive, we have to prioritize the last mile and ensure it is accessible to all. I believe both incumbent and new market players must embrace out-of-the-box thinking and seek solutions […]

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