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SUPPLY CHAIN SOLUTIONS
of £68m – with the retail value much higher. As well as this, according to the Environmental Systems Research Institute (ESRI), the volume of products traded between the EU and the UK has decreased by one-fifth as a result of Brexit. Again, these delays have particularly impacted smaller businesses that make up the majority of the logistics industry and are already struggling with cost of living and business pressures. Delays at borders (alongside with COVID-19) were also cited by the The Road Haulage Association as the root causes of driver shortage.
NAVIGATING POST-BREXIT IMPACT WITH SMART LOGISTICS SOLUTIONS In order to navigate the aftermath and constantly changing regulations of Brexit, shippers can adapt and leverage carrier networks and connectivity to manage their increasingly complex transportation networks effectively. This includes the likes of shipment tendering, visibility, and invoicing. Currently, the majority of transport companies offer shippers varying levels of visibility, for example, tracking and monitoring messages through existing technology infrastructure. And, with research published by Gartner stating that a quarter of all logistics KPIs will be powered by generative AI
by the year 2028, for logistics providers to get ahead of the curve and thrive, they should be looking to utilise a Transportation Management Platform (TMP) that uses AI and machine learning to improve the accuracy and efficiency of complex logistics situations - like Brexit - to enable their businesses to focus on what people do best: service and strategy. However, for smaller shipping businesses,
the reliance on tracking drivers and monitoring shipment execution highlights the disparity in accessing comprehensive information compared to larger companies. This is primarily due to the cost-prohibitive nature of extensive hardware requirements. But, by implementing an effective TMP, shippers can unlock the potential to collaborate seamlessly with both smaller and larger transportation companies without sacrificing visibility. This approach fosters a more inclusive and efficient logistics ecosystem, benefiting all parties involved and reducing the effects of events like Brexit damaging their operations. The necessity for a smart TMP has never been
greater. For smaller exporters, such a platform could reduce delays significantly by streamlining documentation and compliance checks and with the additional chaos caused at the UK border following Brexit. For too long now, drivers have
been trapped in endless queues armed with unfamiliar paper documents, whilst shippers have been grappling with the nightmare of damaged goods before their destination. A more digitalised approach could have facilitated the transition by alleviating the administrative burden on drivers, stopping language barriers, and providing real- time updates to shippers and carriers.
AND FINALLYÁ As we reflect on the key milestones of Brexit, from the initial referendum to the subsequent negotiations culminating in the UK's departure from the EU, it is evident that the impacts of Brexit on the logistics industry are profound and far-reaching. Some logistics companies have found new opportunities within the UK market, especially as they invest in technology to address the new challenges. The benefits of cost- effective and sustainable transportation planning, optimisation will be reaped if both shippers and carriers are focused and willing to adapt. The ability to support continuous planning across all transportation modes simultaneously will be fundamental to delivering cost and sustainability goals effectively across the entire transportation network for all orders.
Transporeon
www.transporeon.com
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