| |October 202119at a massive rate. Most of the B2B solutions across sectors are going on the cloud and this trend is bound to accelerate. Some of the benefits of leveraging cloud computing are:§ Scale: The inherent scalability of cloud computing solutions can be extremely beneficial for the logistics sector. These organizations deal with a huge demand shift which can be hard to handle without the right technology in place. With cloud computing solutions, it's easy to scale up without wasting time, money or resources. This makes it easy for logistics organizations to enter new markets or launch new services easily and quickly. Cloud scalability helps develop dynamic supply chains.§ Cost efficiency: Cloud-based logistics systems help in managing different aspects of operations in real-time make pricing scalable ­ hence reducing costs incurred. Companies have the opportunity of having access to current updates on relevant data. Due to the nature that cloud-based logistics operates as a pay-per-use model, it saves the cost of software maintenance and upgrades. Capital expenditure is drastically reduced due to little demand for on-site resources.§ Onboarding: Cloud solutions help onboard new trading partners in days instead of weeks. With the onboarding of shippers, carriers, freight brokerages, and 3PLs, cloud gives one the flexibility to meet varied customer requests or requirements by enabling any-to-any integrations and retaining flexible protocol connectivity.§ Flexibility: In the logistics sector, the decision to move to the cloud normally stems from a financial perspective. Upfront costs are cheaper; there's no need for huge investments in IT infrastructure and its upgrades or support requirements. Additionally, it is also quick and easy to add users into the online environment, no matter where they are. Given the benefits that cloud computing has to offer, coupled with the increasing number of supply chain focused services, it is inevitable that the logistics sector will take up cloud in operations in at least some form. Hence, there really isn't a question about its future; rather about how much will companies leverage on its benefits for greater success. Companies and freight management service providers can use these real-time reporting capabilities to track and locate products at any point in the manufacturing, distribution, or shipping cycles, which help get them a holistic view of the overall supply chain
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