With faster and faster shipping times being offered by online retailers such as Amazon (left), customers are demanding even shorter delivery times from logistics providers, with added flexibility and transparency on delivery terms, and at a cheaper price. These can also come with a hefty environmental price tag.
"E-commerce companies are subsidising shipping costs to gain market share, and the result is that logistics providers are getting squeezed to do more with less. It is unsustainable." - Dr Krishnan.
IN THE 1950s, the standardisation of shipping containers coupled with purpose-built container vessels modernised freighting. Shipping schedules were significantly shortened and congestion reduced, and this changed the way logistics and supply-chain companies operated.