Tue Dec 20 2022 01:14:57 GMT+0200 (South Africa Standard Time) - QikTruck Media
For small businesses operating in the logistics industry, the daily challenge of navigating complexities can be daunting. From paperwork and customs documentation to navigating ever-changing global rules and regulations, businesses in the logistics industry need to be equipped for the unpredictable. Whether your business is a small, mid-sized, or large company, there are several common challenges that many businesses in the logistics industry face. QikTruck has identified the three primary challenges facing small businesses in the logistics industry.
Navigating the intricacies of the global marketplace is no small feat. With the effects of Brexit, increased sanctions on certain countries, and ever-evolving national and international regulations, the landscape of the global market is rapidly changing and making it harder for small businesses to stay up to date and comply. Changes of this extent can make it difficult to plan in the long-term and have an impact on business operations. Furthermore, faced with a volatile regulatory environment, businesses run the risk of unknowingly violating trade laws and regulations, leading to costly fines and penalties.
Maintaining manual processes in the supply chain can increase processing times, slow customer response rates, and add unnecessary costs to a business's operational budget. A single piece of incorrect paperwork or a lack of proper communication can lead to delays, and manual processes can also create a bigger risk for errors as all parts of the transportation process must be carried out by people. At QikTruck, we believe logistics companies should prioritize the implementation of automated processes to help streamline and improve supply-chain efficiency and reduce human error.
The introduction of new transportation and logistics technology has led to increased competition in the logistics market, with both traditional and tech companies vying for a piece of the market share. With the emergence of multiple new players - including booking, tracking, and tracking technology as well as Warehouse Management Systems and more - customer expectations have evolved. Small businesses are now competing with tech companies that have access to more resources and technology, which puts them at a disadvantage. To stay competitive, small businesses should invest in technology and develop innovative solutions to remain ahead of the competition.
Small businesses in the logistics industry are often faced with the daunting task of navigating complexities and changing regulations in the global marketplace. From manual processes that can slow the supply-chain to uncertainty of regulatory changes and increased competition from technology companies, the challenges can be daunting. Businesses should focus on investing in technology and automation to stay competitive in the market and gain access to resources and new opportunities. QikTruck can help small businesses tackle these challenges by providing automated solutions to streamline shipping processes and make the supply-chain more efficient.