You might have come across many technical terms being hyped by tech-enthusiasts, but ‘cloud computing’ rightfully deserves the attention it has been getting over the last few years.
Cloud computing is revolutionizing technology that has created a buzz in many business areas due to its ease of accessibility and flexibility.
According to the recent cloud computing statistics, the global public cloud market will exceed estimated expectations worth $330 billion as the year 2020 wraps up.
After looking at such exponential figures, there is no doubt that companies worldwide have outgrown the outdated technologies and expanded their investments towards cloud computing.
Undoubtedly, the advanced technology has been successfully integrated into the logistics and shipment industry as well.
Today, cloud-based logistics software is considered much more efficient to fulfill commercial needs and provide value-added services to customers.
Let’s find out what pros and cons the revolutionary technology has for the logistics and shipping companies.
Advantages of Cloud computing in the Logistics Industry
The following are some of the best benefits one can reap by integrating cloud computing in the logistics industry.
1. More accessibility to real-time pricing updates
Various elements can directly affect pricing when it comes to transportation and warehousing.
External factors like market conditions, customer demands, sales fluctuations, weather changes, and other such volatilities have the power to make or break your margins.
Not every person can have real-time access to such fluctuations and call the next big trend change that could affect the pricing. Cloud computing does precisely that for you. It provides more accessibility to real-time pricing updates.
Like for instance, you receive immediate notice that freight rates have changed, but if you are out of the station, you can still communicate the necessary changes needed to be made to accommodate the sudden change of rates in your favor.