It comes as a shock to no one that e-commerce is booming. Ordering items from the internet has become as normal an everyday activity as driving to work or making coffee in the morning. While online shopping has been available for a number of years the increases in sales seen globally are still sizeable, with annual increases varying from around 16% in the UK and Europe, 14% in the United States and 30% in Canada. But for how long can the increase in popularity of online shopping continue, and what happens when traditional brick and mortar stores become obsolete due to lack of customers? It is an extreme idea to think of a world with deserted high streets, empty shopping malls and barren supermarkets. While these days may never come the year on year increases in e-commerce point to a definite shift in the way that people will live their lives in years to come.
In its loosest definition, the cold chain is a supply chain that is temperature controlled. There are many branches and areas that come under the cold chain umbrella, ranging from items that must be stored in a cool area to those which must not exceed a very specific minimum temperature for any prolonged period of time. When thinking of items that must be kept in temperature controlled conditions there are two products that quickly spring to mind, food and medicine. In each case, the mishandling of these products in relation to temperature can hold serious and potentially life-threatening consequences for the end consumer or patient.
The parcel market is big. And it’s growing, therefore delivery logistics will have to adapt and keep up with the growth of the industry. Fuelled by a continuing e-commerce boom, increases in delivery capabilities and growth in developing nations more parcels are travelling the globe than ever before. A report by Mckinsey suggests that parcel delivery in developed nations such as Germany and the US is set to double in the next ten years, while delivery in developing nations like India is growing at rates of up to 300% per year.
Stephen HartnettDelivery logistics and the e-commerce boom
Our cars no longer require keys. We can order food from a wide selection of restaurants straight from our smart phone to our door. Taxis are no longer hailed or ordered, we simply tap a screen and a car shows up. We no longer have to visit banks or supermarkets in person.
Technology is moving and moving fast. But is it too fast? Have we reached a point where the advances in technological capabilities have outdone the ability to implement these ideas into the physical world? If two of the world’s largest companies are to go by then the indications are there that we should begin to reel in the tech.