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As supply chains globalize and seek to become more responsive to market shifts, logistics providers see value in semi- and fully-automated tools to identify areas where operational efficiency could be improved and track performance against those targets in real time.
A recent report found even among the companies not yet using predictive analytics, 57% of them had plans to adopt it within the next five years, and 90% believe it will have a material impact on supply chain operations over the next 10 years.
This is particularly relevant for LTL, last-mile shipments and warehousing operations as volumes of smaller packages increase due to the continued expansion of e-commerce.
"Our pilot LTL operators are acting on insights gained from site-specific machine learning and our predictive analytics," Harik said in a statement.