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Globalia https://www.globalialogisticsnetwork.com/blog/2022/05/03/amazons-1-billion-investment-in-logist ics-technology-and-the-takeaway-for-independent-freight-forwarders/
Amazon’s $1 billion investment in logistics technology and the takeaway for Independent freight forwarders Amazon launched a $1 billion fund to boost its logistics and supply chain operations. With the aim to enhance customer fulfillment, this massive investment by the e-commerce giant will also focus on robotics technology. Moreover, this recent investment is an important step for the company to take a deeper dive into the use of technology for improving logistics.
Explaining the Amazon Industrial Innovation Fund ● The Amazon Industrial Innovation Fund is a venture investment programme that intends to back tech companies that could help to boost the speed of delivery, logistics, and warehousing as well as customer experience The fund will back companies that will experiment with emerging technologies to boost the delivery speed and enhance the experience of the workers and the customers. Most importantly, it will help to build on their prior investments in robotics and AI. These investments in digitization seek to enormously improve their speed of operation and customer satisfaction. ● ●
The 5 startups that will work on new technologies for Amazon Mantis Robotics Agility Robotics Bionic HIVE Vimaan Modjoul
The takeaway for independent freight forwarders Digitization trend is also imperative because of the shift in customer expectations. As an independent freight forwarder, you need to be more mindful of your customers’ habits which have considerably changed with the evolution of technology.Although Amazon’s investment in logistics and robotics technology doesn’t represent a direct threat to the independent freight forwarders like you, it has made one thing very clear. Investing in technology and becoming an online freight forwarder is the need of the hour. The digital transformation is taking place right now in the industry.
How Globalia’s Freight Viewer can help you in this regard You don’t necessarily have to spend thousands of dollars on an IT team to implement this digital change. As a Globalia member you already have free access to a highly useful digital tool that will help you digitize a very important aspect of your operations viz quote creation.