LONDON--(BUSINESS WIRE)--Increasing urbanization and a fast-growing population are two of the most critical factors affecting the global transportation industry today. Players in this industry are constantly innovating to keep up with changing needs and demands, and are relying largely on technological advancements to retain their competitiveness. As a result, the transportation industry is evolving at a rapid pace.
SpendEdge, a procurement market intelligence firm, acts as a strategic partner for leading companies across all industries, helping them achieve sourcing and procurement excellence and effective supply chain security. Here is their list of the top 10 trends in the transportation industry for this year:
Top Transportation Trends for 2017
Traffic Management Systems
These systems help to solve issues that have arisen as a result of the sudden surge in urbanization and population. Traffic management systems help to plan, monitor, and control traffic in order to reduce or eliminate accidents, parking issues, and traffic jams. They also improve existing infrastructure and make transport more effective and safe.
Self-Driving Vehicles
Self-driving vehicles are not yet permitted on the road in most countries, but are expected to become more common and regulated as demand for them increases. Self-driving vehicles have the potential to reduce traffic congestion and may even be able to prevent collisions and accidents.
Real-time Logistics Tracking
Analytics and big data will make it possible monitor to containers, shipments, and vehicles throughout the supply chain. Cloud-based applications and infrastructure will help companies to monitor vehicle location and status, estimated arrival time, and other critical factors. Vehicles will be enabled with sensors that will allow tracking and determine location and route, making transportation and shipping more safe, efficient, and effective.
Read the entire list of the top 5 transportation industry trends for 2017 from SpendEdge
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