When we look at the future of freight, we can safely say that it’s pretty bright. With technological advancements steadily improving, and the purchasing power of middle income countries increasing a hand-fold, it’s no surprise to see investors scrambling up and down to get a piece of the pie. So what does this mean for the freight industry? Will things look different 10 to 20 years down the line? Well, our experts strongly believe so due to the following reasons.
Automation is the future
The advent of self-driving technology is inevitable. It’s not a matter of if it’s here, but when it will be integrated into the transport sector. Though the technology is still in its development stages, many companies are slowly but surely coming to the idea of its inclusion. So how does this affect freight? Well it’s simple; it’s safer, faster and will be much cheaper in the long run. I’m sure truck drivers will especially be threatened thinking their jobs are in jeopardy: but guess what? Automated technology still needs the ‘human touch’ to be present; just to make sure everything is running smoothly.
A haven for investors
Since there will be fewer accidents due to automation, a greater sense of reliability and durability will be felt among customers. And what’s deemed better to investors than an industry having the complete trust of its consumers? Things won’t stop there. Technological advancements will also enable freight services brokers to collect more data along the routes: regardless of whether it’s by road, air or ship. So it will be no surprise to see a sea of investment opportunities springing forth from the industry.
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