Logistics challenges persist in the transportation of completed vehicles, as per Q2 2023 survey findings.
In a groundbreaking partnership, Cognosos, a leading developer of real-time location systems (RTLS), has joined forces with Automotive Logistics to produce the latest survey on finished vehicle logistics (FVL). This survey offers exclusive insights into the challenges, concerns, and strategies employed by companies within the FVL industry.
Cognosos' cloud-based software, renowned for its ultra-lightweight footprint, has been used by over 5 million assets worldwide. This technology is designed to reduce deployment barriers of legacy systems, thereby increasing ROI and reducing time-to-value.
The survey covers a wide range of topics, including industry challenges, cost concerns, labour concerns, employee turnover, capacity concerns, logistics transport modes, freight rates, delivery lead times, logistics lead times, technology and digitalisation, investment, real-time visibility, EV logistics challenges, sustainability, government support, revenue, profit, and investment. It also delves into vehicle production and sales.
Notable companies such as Ryder System, Inc. and other major logistics providers are using Cognosos technology for real-time vehicle location in automotive logistics. Cognosos' technology has been instrumental in supporting some of the biggest brands in various industries.
The survey identifies ongoing capacity constraints, driver shortages, and inflationary pressures as challenges for FVL providers. It also sheds light on the strategies these companies are deploying to overcome these challenges.
Cognosos' cloud-based software offers an unparalleled combination of price and performance, making it an attractive choice for companies seeking to streamline their logistics operations. By using this technology, companies can gain real-time visibility into their vehicle locations, enhancing efficiency and reducing costs.
The results and strategies deployed by companies in the FVL industry, as revealed by this survey, are set to reshape the landscape of the logistics industry. As the industry continues to evolve, the role of technology, particularly that of Cognosos, will undoubtedly become more prominent.
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