Supply Chain & Logistics
Supply Chain & Logistics plays a huge role in our culture and with the advent of e-commerce, it's getting bigger and better. Stay ahead of the curve with better fundamental processes.
There a huge increase in demand for better logistics management software both internationally and domestically due to large competition among firms. The industry involved with 3rd Party Logistics (3PL) is worth $188.2 Billion USD. In addition, the amount of freight transported annually is approximately 2,704 Billion Tonne-kilometers.
In 2014, $1.45 Trillion USD were spent on Logistics & Transportation. This is a huge area of our economy and corresponds to 8.3% of the Gross Domestic Product. With large scale optimization algorithms in place, we can decrease the spending and drive prices down for consumers. This excess of disposable income would inherently cause a feedback loop with more spending which would also increase the industry capacity.
In 2014, more than $69 Billion USD went into Capital Spending. Another $27 Billion USB went into maintenance and upkeep of existing Infrastructure. With the impressive advances in Computing power, more sophisticated material and infrastructure design will be bolstered by streamlined, effective processes.